Question 1

What is Agree Realty's P/E ratio?

Accepted Answer

Agree Realty (ADC) P/E ratio is 44.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Agree Realty specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

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

Accepted Answer

Agree Realty's P/E ratio of 44.0× is above its own 5-year average of 39.0× and above the sector median of 28.1×. That places the current reading at the 91th 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/E ratio range?

Accepted Answer

In the available daily series, Agree Realty (ADC) P/E ratio has ranged from a low of 7.9× in 2009 to a high of 65.9× in 2011. The 5-year average is 39.0× and the 5-year median is 39.5×.

Question 7

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

Accepted Answer

Agree Realty (ADC) P/E ratio at the end of 2025 was 40.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$204M	40.4×	+2.0×	Dec 31, 2025
2024	$7.28B	$189M	38.5×	+1.3×	Dec 31, 2024
2023	$6.31B	$170M	37.1×	-4.0×	Dec 31, 2023
2022	$6.27B	$152M	41.1×	+0.1×	Dec 31, 2022
2021	$5.02B	$122M	41.0×	+0.7×	Dec 31, 2021
2020	$3.69B	$91.4M	40.4×	+3.3×	Dec 31, 2020
2019	$2.97B	$80.1M	37.1×	+3.2×	Dec 31, 2019
2018	$2.06B	$60.8M	33.9×	+7.7×	Dec 31, 2018
2017	$1.52B	$58.1M	26.1×	+0.2×	Dec 31, 2017
2016	$1.17B	$45.1M	25.9×	+9.3×	Dec 31, 2016
2015	$648M	$39M	16.6×	-9.2×	Dec 31, 2015
2014	$478M	$18.5M	25.8×	+5.8×	Dec 31, 2014
2013	$395M	$19.7M	20.1×	+3.5×	Dec 31, 2013
2012	$300M	$18.1M	16.6×	-10.8×	Dec 31, 2012
2011	$261M	$9.55M	27.4×	+10.2×	Dec 31, 2011
2010	$258M	$15.1M	17.1×	+6.2×	Dec 31, 2010
2009	$189M	$17.2M	10.9×	+1.6×	Dec 31, 2009
2008	$141M	$15M	9.4×	-5.5×	Dec 31, 2008
2007	$231M	$15.5M	14.9×	-3.9×	Dec 31, 2007
2006	$263M	$14M	18.8×	+5.1×	Dec 31, 2006
2005	$220M	$16M	13.7×	-4.0×	Dec 31, 2005
2004	$232M	$13.1M	17.7×	+0.2×	Dec 31, 2004
2003	$183M	$10.5M	17.5×	+8.9×	Dec 31, 2003
2002	$75.1M	$8.77M	8.6×	—	Dec 31, 2002


Realty Income (O)	49.4×
Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Mid-America Apartment Communities (MAA)	36.5×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Prologis (PLD)	30.0×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for Agree Realty (ADC) 2002-2026

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

Historical P/E Ratio for Agree Realty (ADC) from 2002 to 2025

About P/E Ratio at Agree Realty (ADC)

Agree Realty P/E Ratio by Year

Agree Realty P/E Ratio 2025: 40.4×

Agree Realty P/E Ratio 2024: 38.5×

Agree Realty P/E Ratio 2023: 37.1×

Agree Realty P/E Ratio 2022: 41.1×

Agree Realty P/E Ratio 2021: 41.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Agree Realty (ADC) Key Financials