Agree Realty (NYSE:ADC) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Agree Realty Forward PE Ratio Related Terms
Agree Realty Forward PE Ratio Historical Data
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The historical data trend for Agree Realty's Forward PE Ratio 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.
Agree Realty Forward PE Ratio Chart
Agree Realty Annual Data
Trend
2019-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
40.32
24.94
34.36
37.92
35.89
Agree Realty Quarterly Data
2017-09
2019-09
2019-12
2020-03
2021-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
27.93
42.74
40.32
35.46
36.76
40.65
23.58
24.94
38.17
36.36
31.85
34.36
30.21
34.25
38.46
37.92
43.03
39.60
36.39
35.89
36.03
ADC vs NNN, BRX, FRT: Forward PE Ratio Comparison
For the REIT - Retail subindustry, Agree Realty's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Agree Realty's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Agree Realty (ADC) has a Forward PE Ratio of 40.37 as of Jul. 08, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Agree Realty and its competitors. According to the industry distribution chart, Agree Realty ranks #383 out of 462 companies in the REITs industry, placing it in the top 82.9%.
Is Agree Realty's Forward PE Ratio too high?
Agree Realty's current Forward PE Ratio is 40.37. The REITs industry median Forward PE Ratio is 16.33. Agree Realty's value of 40.37 is 147.2% above this industry median. Based on the distribution chart, Agree Realty ranks #383 out of 462 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Agree Realty has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Forward PE Ratio compare to NNN and BRX?
According to the REITs industry distribution chart, Agree Realty ranks #383 out of 462 companies for Forward PE Ratio. This places Agree Realty in the lower half of its industry. The industry median Forward PE Ratio is 16.33. Agree Realty's value of 40.37 is 147.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.33, based on 462 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Forward PE Ratio of 40.37 is 147.2% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Agree Realty and its competitors. For the REITs industry, the median Forward PE Ratio is 16.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Forward PE Ratio is 40.37. 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 $78.17, compared to a current price of $77.92 — trading 0.3% below its estimated fair value. The current Forward PE Ratio is 40.37 and 147.2% above the REITs industry median of 16.33. Agree Realty's overall GF Score™ is 90/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Agree Realty (ADC), the current Forward PE Ratio is 40.37 as of Jul. 08, 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 undervalued.
The current stock price of $77.92 is trading 0.3% below its estimated GF Value™ of $78.17.
GuruFocus considers Agree Realty to be Fairly Valued.
Key valuation signals for ADC:
Forward PE Ratio: 40.37
GF Value™: $78.17 vs. price of $77.92 (0.3% below fair value)
Industry Position: 147.2% above the REITs median (#383 of 462)
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.
90GF Score
Get the complete analysis for ADC
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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