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Farmland PartnersFPI -0.74%68 EV-to-OCF is 33.87 as of Aug. 02, 2026, which is 45% below its 10-year median of 62.02. GuruFocus rates FPI with a GF Score™ of 68/100 and a GF Value™ of $11.01 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 927 REITs companies, Farmland Partners ranks worse than 81.98% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Farmland Partners's Enterprise Value is $623.95 Mil.
Farmland Partners's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $18.42 Mil. Therefore, Farmland Partners's EV-to-OCF for today is 33.87.
The historical rank and industry rank for Farmland Partners's EV-to-OCF or its related term are showing as below:
FPI'
s EV-to-OCF Range Over the Past 10 Years
Min: -507.68 Med: 62.02 Max: 1136.46
Current: 33.87
During the past 13 years, the highest EV-to-OCF of Farmland Partners was 1136.46. The lowest was -507.68. And the median was 62.02.
FPI's EV-to-OCF is ranked worse than 81.98% of 927
companies
in the REITs industry
Industry Median: 18.38
vs FPI: 33.87
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.
Farmland Partners's PE Ratio (TTM) for today is calculated as:
Farmland Partners's share price for today is $9.35.
Farmland Partners's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.510.
* 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.
Farmland Partners EV-to-OCF Related Terms
Farmland Partners EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Farmland Partners'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 - Specialty subindustry, Farmland Partners'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.
Farmland Partners EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Farmland Partners's EV-to-OCF falls into.
Farmland Partners's current Enterprise Value is $623.95 Mil.
Farmland Partners's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.42 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.
Farmland Partners (FPI) has a EV-to-OCF of 33.87 as of Aug. 02, 2026. This is 45% below median its historical median of 62.02. According to the industry distribution chart, Farmland Partners ranks #760 out of 927 companies in the REITs industry, placing it in the top 82%.
Is Farmland Partners' EV-to-OCF too high?
Farmland Partners' current EV-to-OCF of 33.87 is 45% below median its 10-year median of 62.02. The REITs industry median EV-to-OCF is 18.38. Farmland Partners' value of 33.87 is 84.3% above this industry median. Based on the distribution chart, Farmland Partners ranks #760 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Farmland Partners has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' EV-to-OCF compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #760 out of 927 companies for EV-to-OCF. This places Farmland Partners in the lower half of its industry. The industry median EV-to-OCF is 18.38. Farmland Partners' value of 33.87 is 84.3% above this benchmark. While the company's 10-year median is 62.02 vs. the industry median of 18.38, 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 EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.38, based on 927 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. Farmland Partners's current EV-to-OCF of 33.87 is 84.3% 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 18.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current EV-to-OCF is 33.87, which is 45% below median its own 10-year median of 62.02. 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 $11.01, compared to a current price of $9.35 — trading 15.1% below its estimated fair value. The current EV-to-OCF is 33.87, which is 45% below median its 10-year median of 62.02 and 84.3% above the REITs industry median of 18.38. Farmland Partners' overall GF Score™ is 68/100 with 5 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 Farmland Partners (FPI), the current EV-to-OCF is 33.87 as of Aug. 02, 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 $9.35 is trading 15.1% below its estimated GF Value™ of $11.01.
GuruFocus considers Farmland Partners to be Modestly Undervalued.
Key valuation signals for FPI:
EV-to-OCF: 33.87 (45% below median its 10-year median of 62.02)
GF Value™: $11.01 vs. price of $9.35 (15.1% below fair value)
Industry Position: 84.3% above the REITs median (#760 of 927)
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.
68GF Score
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