Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Modiv IndustrialMDV 49 Forward PE Ratio is 212.35 as of Aug. 29, 2026. GuruFocus rates MDV with a GF Score™ of 49/100 and a GF Value™ of $13.09 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 457 REITs companies, Modiv Industrial ranks worse than 97.37% on this metric.
Modiv Industrial (NYSE:MDV) 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 .
Modiv Industrial Forward PE Ratio Related Terms
Modiv Industrial Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Modiv Industrial'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.
Modiv Industrial Forward PE Ratio Chart
Modiv Industrial Annual Data
Trend
2023-12
2025-12
Forward PE Ratio
45.25
125.17
Modiv Industrial Quarterly Data
2023-12
2024-03
2024-06
2024-09
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
45.25
64.52
175.44
153.85
186.88
141.33
125.17
95.41
207.53
MDV vs ILPT, PLD, PSA: Forward PE Ratio Comparison
For the REIT - Industrial subindustry, Modiv Industrial'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.
Modiv Industrial Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Modiv Industrial's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Modiv Industrial'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.
Modiv Industrial (MDV) has a Forward PE Ratio of 212.35 as of Aug. 29, 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 Modiv Industrial and its competitors. According to the industry distribution chart, Modiv Industrial ranks #445 out of 457 companies in the REITs industry, placing it in the top 97.4%.
Is Modiv Industrial's Forward PE Ratio too high?
Modiv Industrial's current Forward PE Ratio is 212.35. The REITs industry median Forward PE Ratio is 16.16. Modiv Industrial's value of 212.35 is 1214% above this industry median. Based on the distribution chart, Modiv Industrial ranks #445 out of 457 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Modiv Industrial has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modiv Industrial's Forward PE Ratio compare to ILPT and PLD?
According to the REITs industry distribution chart, Modiv Industrial ranks #445 out of 457 companies for Forward PE Ratio. This places Modiv Industrial in the lower half of its industry. The industry median Forward PE Ratio is 16.16. Modiv Industrial's value of 212.35 is 1214% 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 16.16, based on 457 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. Modiv Industrial's current Forward PE Ratio of 212.35 is 1214% 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 Modiv Industrial and its competitors. For the REITs industry, the median Forward PE Ratio is 16.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modiv Industrial's current Forward PE Ratio is 212.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modiv Industrial stock overvalued right now?
Based on GuruFocus' analysis, Modiv Industrial (MDV) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.09, compared to a current price of $18.05 — trading 37.9% above its estimated fair value. The current Forward PE Ratio is 212.35 and 1214% above the REITs industry median of 16.16. Modiv Industrial's overall GF Score™ is 49/100 with 12 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 Modiv Industrial (MDV), the current Forward PE Ratio is 212.35 as of Aug. 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 Modiv Industrial (MDV) Overvalued in 2026?
Based on GuruFocus' analysis, Modiv Industrial stock appears to be overvalued.
The current stock price of $18.05 is trading 37.9% above its estimated GF Value™ of $13.09.
GuruFocus considers Modiv Industrial to be Significantly Overvalued.
Key valuation signals for MDV:
Forward PE Ratio: 212.35
GF Value™: $13.09 vs. price of $18.05 (37.9% above fair value)
Industry Position: 1214% above the REITs median (#445 of 457)
No single metric tells the full story. See the MDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modiv Industrial Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The company has invested in single-tenant income-producing properties. Its current business consists of owning, managing, operating, leasing, acquiring, investing in, and disposing of commercial real estate assets utilized for industrial manufacturing, as well as a few non-core assets. All of the company's consolidated revenues are derived from the company's consolidated real estate properties.
49GF Score
Get the complete analysis for MDV
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MDV has been successfully added to your 
