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Farmland PartnersFPI -1.63%69 Debt-to-EBITDA is 13.53 as of Mar. 2026, which is 8% above its 10-year median of 12.52. GuruFocus rates FPI with a GF Score™ of 69/100 and a GF Value™ of $10.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 578 REITs companies, Farmland Partners ranks better than 62.46% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Farmland Partners's Debt-to-EBITDA or its related term are showing as below:
FPI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.37 Med: 12.52 Max: 17.62
Current: 5.23
During the past 13 years, the highest Debt-to-EBITDA Ratio of Farmland Partners was 17.62. The lowest was 2.37. And the median was 12.52.
FPI's Debt-to-EBITDA is ranked better than 62.46% of 578
companies
in the REITs industry
Industry Median: 6.49
vs FPI: 5.23
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Farmland Partners Debt-to-EBITDA Related Terms
Farmland Partners Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Farmland Partners's Debt-to-EBITDA 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.
FPI vs LAND, NLCP, SELF: Debt-to-EBITDA Comparison
For the REIT - Specialty subindustry, Farmland Partners's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Farmland Partners Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Farmland Partners's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Farmland Partners (FPI) has a Debt-to-EBITDA of 13.53 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Farmland Partners. This is near median its historical median of 12.52. Over the past decade, Farmland Partners' Debt-to-EBITDA has ranged from 2.37 to 17.62. According to the industry distribution chart, Farmland Partners ranks #217 out of 578 companies in the REITs industry, placing it in the top 37.5%.
Is Farmland Partners' Debt-to-EBITDA too high?
Farmland Partners' current Debt-to-EBITDA of 13.53 is near median its 10-year median of 12.52. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 17.62. The REITs industry median Debt-to-EBITDA is 6.49. Farmland Partners' value of 13.53 is 108.5% above this industry median. Based on the distribution chart, Farmland Partners ranks #217 out of 578 companies in the REITs industry, which is above the industry midpoint. Overall, Farmland Partners has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Debt-to-EBITDA compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #217 out of 578 companies for Debt-to-EBITDA. This puts Farmland Partners in the upper half of its industry. The industry median Debt-to-EBITDA is 6.49. Farmland Partners' value of 13.53 is 108.5% above this benchmark. Historically, Farmland Partners' own Debt-to-EBITDA has ranged from 2.37 to 17.62 over the past decade. While the company's 10-year median is 12.52 vs. the industry median of 6.49, Farmland Partners has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current Debt-to-EBITDA of 13.53 is 108.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Farmland Partners. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Debt-to-EBITDA is 13.53, which is near median its own 10-year median of 12.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmland Partners stock overvalued right now?
Based on GuruFocus' analysis, Farmland Partners (FPI) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.97, compared to a current price of $9.67 — trading 11.9% below its estimated fair value. The current Debt-to-EBITDA is 13.53, which is near median its 10-year median of 12.52 and 108.5% above the REITs industry median of 6.49. Farmland Partners' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Farmland Partners (FPI), the current Debt-to-EBITDA is 13.53 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Farmland Partners (FPI) Overvalued in 2026?
Based on GuruFocus' analysis, Farmland Partners stock appears to be undervalued.
The current stock price of $9.67 is trading 11.9% below its estimated GF Value™ of $10.97.
GuruFocus considers Farmland Partners to be Modestly Undervalued.
Key valuation signals for FPI:
Debt-to-EBITDA: 13.53 (near median its 10-year median of 12.52)
GF Value™: $10.97 vs. price of $9.67 (11.9% below fair value)
Industry Position: 108.5% above the REITs median (#217 of 578)
No single metric tells the full story. See the FPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.
69GF Score
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