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Agree Realty (Agree Realty) EV-to-EBIT

: 32.13 (As of Today)
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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Agree Realty's Enterprise Value is $8,179.0 Mil. Agree Realty's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $254.6 Mil. Therefore, Agree Realty's EV-to-EBIT for today is 32.13.

The historical rank and industry rank for Agree Realty's EV-to-EBIT or its related term are showing as below:

ADC' s EV-to-EBIT Range Over the Past 10 Years
Min: 20.79   Med: 32.56   Max: 42.97
Current: 32.15

During the past 13 years, the highest EV-to-EBIT of Agree Realty was 42.97. The lowest was 20.79. And the median was 32.56.

ADC's EV-to-EBIT is ranked worse than
72.62% of 577 companies
in the REITs industry
Industry Median: 20.14 vs ADC: 32.15

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Agree Realty's Enterprise Value for the quarter that ended in Dec. 2023 was $8,903.6 Mil. Agree Realty's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $254.6 Mil. Agree Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.86%.


Agree Realty EV-to-EBIT Historical Data

The historical data trend for Agree Realty's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Agree Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.50 39.13 39.33 38.68 34.97

Agree Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.68 37.54 36.12 32.60 34.97

Competitive Comparison

For the REIT - Retail subindustry, Agree Realty's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agree Realty EV-to-EBIT Distribution

For the REITs industry and Real Estate sector, Agree Realty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Agree Realty's EV-to-EBIT falls into.



Agree Realty EV-to-EBIT Calculation

Agree Realty's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8179.046/254.577
=32.13

Agree Realty's current Enterprise Value is $8,179.0 Mil.
Agree Realty's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $254.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Agree Realty  (NYSE:ADC) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Agree Realty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=254.577/8903.62705
=2.86 %

Agree Realty's Enterprise Value for the quarter that ended in Dec. 2023 was $8,903.6 Mil.
Agree Realty's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $254.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Agree Realty EV-to-EBIT Related Terms

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Agree Realty (Agree Realty) Business Description

Traded in Other Exchanges
Address
70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
Executives
Richard Agree officer: Chief Executive Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree officer: Chief Operating Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich officer: CHIEF OPERATING OFFICER 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour officer: CHIEF FINANCIAL OFFICER 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin officer: Chief Accounting Officer 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff officer: CHIEF ACCOUNTING OFFICER 70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing director 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen officer: EVP, PEOPLE & CULTURE 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman director 7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar officer: GENERAL COUNSEL 70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel director 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034