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Agree RealtyADC -0.63%91 EV-to-OCF is 26.00 as of Jul. 29, 2026, which is 1% below its 10-year median of 26.23. GuruFocus rates ADC with a GF Score™ of 91/100 and a GF Value™ of $78.39 (Fairly Valued). The stock has 11 warning signs investors should review. Among 930 REITs companies, Agree Realty ranks worse than 72.26% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Agree Realty's Enterprise Value is $13,586.6 Mil.
Agree Realty's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $522.6 Mil. Therefore, Agree Realty's EV-to-OCF for today is 26.00.
The historical rank and industry rank for Agree Realty's EV-to-OCF or its related term are showing as below:
ADC'
s EV-to-OCF Range Over the Past 10 Years
Min: 18.94 Med: 26.23 Max: 37.44
Current: 26
During the past 13 years, the highest EV-to-OCF of Agree Realty was 37.44. The lowest was 18.94. And the median was 26.23.
ADC's EV-to-OCF is ranked worse than 72.26% of 930
companies
in the REITs industry
Industry Median: 18.39
vs ADC: 26.00
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Agree Realty's PE Ratio (TTM) for today is calculated as:
Agree Realty's share price for today is $80.61.
Agree Realty's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.850.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Agree Realty EV-to-OCF Related Terms
Agree Realty EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Agree Realty's EV-to-OCF 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.
For the REIT - Retail subindustry, Agree Realty's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Agree Realty's EV-to-OCF falls into.
Agree Realty's current Enterprise Value is $13,586.6 Mil.
Agree Realty's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $522.6 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 (ADC) has a EV-to-OCF of 26.00 as of Jul. 29, 2026. This is near median its historical median of 26.23. Over the past decade, Agree Realty's EV-to-OCF has ranged from 18.94 to 37.44. According to the industry distribution chart, Agree Realty ranks #672 out of 930 companies in the REITs industry, placing it in the top 72.3%.
Is Agree Realty's EV-to-OCF too high?
Agree Realty's current EV-to-OCF of 26.00 is near median its 10-year median of 26.23. Over the past 10 years, this metric has ranged from a low of 18.94 to a high of 37.44. The REITs industry median EV-to-OCF is 18.39. Agree Realty's value of 26.00 is 41.4% above this industry median. Based on the distribution chart, Agree Realty ranks #672 out of 930 companies in the REITs industry, which is below the industry midpoint. Overall, Agree Realty has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's EV-to-OCF compare to BRX and NNN?
According to the REITs industry distribution chart, Agree Realty ranks #672 out of 930 companies for EV-to-OCF. This places Agree Realty in the lower half of its industry. The industry median EV-to-OCF is 18.39. Agree Realty's value of 26.00 is 41.4% above this benchmark. Historically, Agree Realty's own EV-to-OCF has ranged from 18.94 to 37.44 over the past decade. While the company's 10-year median is 26.23 vs. the industry median of 18.39, Agree Realty 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 EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.39, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current EV-to-OCF of 26.00 is 41.4% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current EV-to-OCF is 26.00, which is near median its own 10-year median of 26.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agree Realty stock overvalued right now?
Based on GuruFocus' analysis, Agree Realty (ADC) is currently considered Fairly Valued. The stock's GF Value™ is $78.39, compared to a current price of $80.61 — trading 2.8% above its estimated fair value. The current EV-to-OCF is 26.00, which is near median its 10-year median of 26.23 and 41.4% above the REITs industry median of 18.39. Agree Realty's overall GF Score™ is 91/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Agree Realty (ADC), the current EV-to-OCF is 26.00 as of Jul. 29, 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 Agree Realty (ADC) Overvalued in 2026?
Based on GuruFocus' analysis, Agree Realty stock appears to be overvalued.
The current stock price of $80.61 is trading 2.8% above its estimated GF Value™ of $78.39.
GuruFocus considers Agree Realty to be Fairly Valued.
Key valuation signals for ADC:
EV-to-OCF: 26.00 (near median its 10-year median of 26.23)
GF Value™: $78.39 vs. price of $80.61 (2.8% above fair value)
Industry Position: 41.4% above the REITs median (#672 of 930)
No single metric tells the full story. See the ADC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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-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.
91GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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