Question 1

What is Agree Realty's P/B ratio?

Accepted Answer

Agree Realty (ADC) P/B ratio is 1.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Agree Realty?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Agree Realty specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is Agree Realty's P/B ratio high or low?

Accepted Answer

Agree Realty's P/B ratio of 1.4× is above its own 5-year average of 1.3× and below the sector median of 2.1×. That places the current reading at the 67th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Agree Realty's historical P/B ratio range?

Accepted Answer

In the available daily series, Agree Realty (ADC) P/B ratio has ranged from a low of 0.9× in 2009 to a high of 2.4× in 2004. The 5-year average is 1.3× and the 5-year median is 1.3×.

Question 7

What was Agree Realty's P/B ratio in 2025?

Accepted Answer

Agree Realty (ADC) P/B ratio at the end of 2025 was 1.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Agree Realty's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$8.26B	$6.27B	1.3×	-0.0×	Dec 31, 2025
2024	$7.28B	$5.51B	1.3×	+0.1×	Dec 31, 2024
2023	$6.31B	$5.20B	1.2×	-0.1×	Dec 31, 2023
2022	$6.27B	$4.63B	1.4×	-0.1×	Dec 31, 2022
2021	$5.02B	$3.42B	1.5×	+0.0×	Dec 31, 2021
2020	$3.69B	$2.52B	1.5×	-0.3×	Dec 31, 2020
2019	$2.97B	$1.69B	1.8×	+0.1×	Dec 31, 2019
2018	$2.06B	$1.24B	1.7×	-0.0×	Dec 31, 2018
2017	$1.52B	$908.66M	1.7×	-0.0×	Dec 31, 2017
2016	$1.17B	$682.98M	1.7×	+0.3×	Dec 31, 2016
2015	$647.95M	$451.12M	1.4×	+0.1×	Dec 31, 2015
2014	$477.67M	$353.62M	1.4×	-0.0×	Dec 31, 2014
2013	$395.19M	$289.57M	1.4×	-0.2×	Dec 31, 2013
2012	$299.67M	$195.31M	1.5×	-0.1×	Dec 31, 2012
2011	$261.40M	$159.55M	1.6×	+0.1×	Dec 31, 2011
2010	$258.16M	$164.24M	1.6×	+0.2×	Dec 31, 2010
2009	$188.57M	$136.76M	1.4×	+0.3×	Dec 31, 2009
2008	$140.95M	$132.64M	1.1×	-0.7×	Dec 31, 2008
2007	$230.87M	$131.61M	1.8×	-0.3×	Dec 31, 2007
2006	$262.69M	$130.42M	2.0×	+0.3×	Dec 31, 2006
2005	$219.80M	$130.63M	1.7×	-0.7×	Dec 31, 2005
2004	$232.34M	$97.63M	2.4×	+0.5×	Dec 31, 2004
2003	$182.89M	$96.19M	1.9×	+0.5×	Dec 31, 2003
2002	$75.14M	$52.62M	1.4×	-0.2×	Dec 31, 2002
2001	$81.67M	$51.63M	1.6×	—	Dec 31, 2001


Ventas (VTR)	3.0×
Essex Property Trust (ESS)	2.9×
Federal Realty Investment Trust (FRT)	2.8×
Digital Realty Trust (DLR)	2.7×
Mid-America Apartment Communities (MAA)	2.6×
Camden Property Trust (CPT)	2.5×
Prologis (PLD)	2.3×
CoStar Group (CSGP)	2.1×
Equity Residential (EQR)	2.1×
Regency Centers (REG)	2.1×
Extra Space Storage (EXR)	2.1×
AvalonBay Communities (AVB)	1.9×
Host Hotels & Resorts (HST)	1.9×
STAG Industrial (STAG)	1.9×
NNN REIT (NNN)	1.8×
Invitation Homes (INVH)	1.7×
BXP (BXP)	1.6×
Healthpeak Properties (DOC)	1.5×
Kimco Realty (KIM)	1.5×
Realty Income (O)	1.4×
VICI Properties (VICI)	1.0×
Apartment Investment and Management (AIV)	0.8×
Medical Properties Trust (MPT)	0.6×
Alexandria Real Estate Equities (ARE)	0.6×
Arbor Realty Trust (ABR)	0.5×

P/B Ratio for Agree Realty (ADC)

P/B Ratio daily chart for Agree Realty (ADC)

Historical P/B Ratio for Agree Realty (ADC) from 2001 to 2025

About P/B Ratio at Agree Realty (ADC)

Agree Realty P/B Ratio by Year

Agree Realty P/B Ratio 2025: 1.3×

Agree Realty P/B Ratio 2024: 1.3×

Agree Realty P/B Ratio 2023: 1.2×

Agree Realty P/B Ratio 2022: 1.4×

Agree Realty P/B Ratio 2021: 1.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Agree Realty (ADC) Key Financials

P/B Ratio daily chart for Agree Realty (ADC)

Historical P/B Ratio for Agree Realty (ADC) from 2001 to 2025

About P/B Ratio at Agree Realty (ADC)

Agree Realty P/B Ratio by Year

Agree Realty P/B Ratio 2025: 1.3×

Agree Realty P/B Ratio 2024: 1.3×

Agree Realty P/B Ratio 2023: 1.2×

Agree Realty P/B Ratio 2022: 1.4×

Agree Realty P/B Ratio 2021: 1.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Agree Realty's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Agree Realty?

+Is Agree Realty's P/B ratio high or low?

+What is Agree Realty's historical P/B ratio range?

+What was Agree Realty's P/B ratio in 2025?

+Why does Agree Realty's P/B ratio change over time?

Agree Realty (ADC) Key Financials