Vornado Realty Trust's quarterly market cap
declined
from Sep. 2025 ($7,784 Mil) to Dec. 2025 ($6,345 Mil) and
declined
from Dec. 2025 ($6,345 Mil) to Mar. 2026 ($4,889 Mil).
Vornado Realty Trust's annual market cap
increased
from Dec. 2023 ($5,379 Mil) to Dec. 2024 ($8,023 Mil) but then
declined
from Dec. 2024 ($8,023 Mil) to Dec. 2025 ($6,345 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Vornado Realty Trust's Enterprise Value for Today is $16,562 Mil.
Vornado Realty Trust (NYSE:VNO) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Vornado Realty Trust Market Cap Related Terms
Vornado Realty Trust Market Cap Historical Data
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The historical data trend for Vornado Realty Trust's Market Cap 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 - Office subindustry, Vornado Realty Trust's Market Cap, along with its competitors' market caps and Market Cap 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.
Vornado Realty Trust Market Cap vs REITs Industry
For the REITs industry and Real Estate sector, Vornado Realty Trust's Market Cap distribution charts can be found below:
* The bar in red indicates where Vornado Realty Trust's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Vornado Realty Trust's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Vornado Realty Trust (VNO) has a Market Cap of $7,357 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Vornado Realty Trust and its competitors. According to the industry distribution chart, Vornado Realty Trust ranks #67 out of 981 companies in the REITs industry, placing it in the top 6.8%.
Is Vornado Realty Trust's Market Cap too high?
Vornado Realty Trust's current Market Cap is $7,357 Mil. The REITs industry median Market Cap is 282.23. Vornado Realty Trust's value of $7,357 Mil is 2506.7% above this industry median. Based on the distribution chart, Vornado Realty Trust ranks #67 out of 981 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vornado Realty Trust has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vornado Realty Trust's Market Cap compare to CUZ and ARE?
According to the REITs industry distribution chart, Vornado Realty Trust ranks #67 out of 981 companies for Market Cap. This places Vornado Realty Trust in the top 7% of its industry — outperforming the majority of peers. The industry median Market Cap is 282.23. Vornado Realty Trust's value of $7,357 Mil is 2506.7% 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 Market Cap for a REITs company?
The median Market Cap among REITs companies is 282.23, based on 981 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vornado Realty Trust's current Market Cap of $7,357 Mil is 2506.7% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Vornado Realty Trust and its competitors. For the REITs industry, the median Market Cap is 282.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vornado Realty Trust's current Market Cap is $7,357 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vornado Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Vornado Realty Trust (VNO) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.08, compared to a current price of $39.11 — trading 21.9% above its estimated fair value. The current Market Cap is $7,357 Mil and 2506.7% above the REITs industry median of 282.23. Vornado Realty Trust's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current Market Cap is $7,357 Mil as of Jun. 26, 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 Vornado Realty Trust (VNO) Overvalued in 2026?
Based on GuruFocus' analysis, Vornado Realty Trust stock appears to be overvalued.
The current stock price of $39.11 is trading 21.9% above its estimated GF Value™ of $32.08.
GuruFocus considers Vornado Realty Trust to be Modestly Overvalued.
Key valuation signals for VNO:
Market Cap: $7,357 Mil
GF Value™: $32.08 vs. price of $39.11 (21.9% above fair value)
Industry Position: 2506.7% above the REITs median (#67 of 981)
No single metric tells the full story. See the VNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
77GF Score
Get the complete analysis for VNO
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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