Broadstone Net LeaseBNL +2.26%78 PS Ratio is 9.02 as of Jul. 04, 2026, which is 13% above its 10-year median of 7.96. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $17.66 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 915 REITs companies, Broadstone Net Lease ranks worse than 72.9% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Broadstone Net Lease's share price is $21.25.
Broadstone Net Lease's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.36. Hence, Broadstone Net Lease's PS Ratio for today is 9.02.
Warning Sign:
Broadstone Net Lease Inc stock PS Ratio (=9.02) is close to 3-year high of 9.02.
The historical rank and industry rank for Broadstone Net Lease's PS Ratio or its related term are showing as below:
BNL'
s PS Ratio Range Over the Past 10 Years
Min: 5.91 Med: 7.96 Max: 12.38
Current: 9.02
During the past 11 years, Broadstone Net Lease's highest PS Ratio was 12.38. The lowest was 5.91. And the median was 7.96.
BNL's PS Ratio is ranked worse than 72.9% of 915
companies
in the REITs industry
Industry Median: 6.66
vs BNL: 9.02
Broadstone Net Lease Inc revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Broadstone Net Lease was 6.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 0.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -1.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 12.10% per year.
During the past 11 years, Broadstone Net Lease's highest 3-Year average Revenue per Share Growth Rate was 34.30% per year. The lowest was -3.30% per year. And the median was 9.80% per year.
Back to Basics: PS Ratio
Broadstone Net Lease (NYSE:BNL) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Broadstone Net Lease PS Ratio Related Terms
Broadstone Net Lease PS Ratio Historical Data
* Premium members only.
The historical data trend for Broadstone Net Lease's PS 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.
For the REIT - Diversified subindustry, Broadstone Net Lease's PS Ratio, along with its competitors' market caps and PS 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.
Broadstone Net Lease PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's PS Ratio distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Broadstone Net Lease's Share Price of today is $21.25. Broadstone Net Lease's Revenue per Share 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 $2.36.
* 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.
It can also be calculated from the numbers for the whole company:
Broadstone Net Lease (BNL) has a PS Ratio of 9.02 as of Jul. 04, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Broadstone Net Lease and its competitors. This is 13% above median its historical median of 7.96. Over the past decade, Broadstone Net Lease's PS Ratio has ranged from 5.91 to 12.38. According to the industry distribution chart, Broadstone Net Lease ranks #667 out of 915 companies in the REITs industry, placing it in the top 72.9%.
Is Broadstone Net Lease's PS Ratio too high?
Broadstone Net Lease's current PS Ratio of 9.02 is 13% above median its 10-year median of 7.96. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 12.38. The REITs industry median PS Ratio is 6.66. Broadstone Net Lease's value of 9.02 is 35.4% above this industry median. Based on the distribution chart, Broadstone Net Lease ranks #667 out of 915 companies in the REITs industry, which is below the industry midpoint. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's PS Ratio compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #667 out of 915 companies for PS Ratio. This places Broadstone Net Lease in the lower half of its industry. The industry median PS Ratio is 6.66. Broadstone Net Lease's value of 9.02 is 35.4% above this benchmark. Historically, Broadstone Net Lease's own PS Ratio has ranged from 5.91 to 12.38 over the past decade. While the company's 10-year median is 7.96 vs. the industry median of 6.66, Broadstone Net Lease 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.66, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Broadstone Net Lease's current PS Ratio of 9.02 is 35.4% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Broadstone Net Lease and its competitors. For the REITs industry, the median PS Ratio is 6.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current PS Ratio is 9.02, which is 13% above median its own 10-year median of 7.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.66, compared to a current price of $21.25 — trading 20.3% above its estimated fair value. The current PS Ratio is 9.02, which is 13% above median its 10-year median of 7.96 and 35.4% above the REITs industry median of 6.66. Broadstone Net Lease's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current PS Ratio is 9.02 as of Jul. 04, 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 Broadstone Net Lease (BNL) Overvalued in 2026?
Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued.
The current stock price of $21.25 is trading 20.3% above its estimated GF Value™ of $17.66.
GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.
Key valuation signals for BNL:
PS Ratio: 9.02 (13% above median its 10-year median of 7.96)
GF Value™: $17.66 vs. price of $21.25 (20.3% above fair value)
Industry Position: 35.4% above the REITs median (#667 of 915)
No single metric tells the full story. See the BNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
78GF Score
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