Farmland PartnersFPI 69 Return-on-Tangible-Equity is 0.56% as of Mar. 2026, which is 81% below its 10-year median of 2.94. GuruFocus rates FPI with a GF Score™ of 69/100 and a GF Value™ of $10.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 934 REITs companies, Farmland Partners ranks better than 51.93% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Farmland Partners's annualized net income for the quarter that ended in Mar. 2026 was $2.56 Mil. Farmland Partners's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $459.88 Mil. Therefore, Farmland Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 0.56%.
The historical rank and industry rank for Farmland Partners's Return-on-Tangible-Equity or its related term are showing as below:
FPI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.64 Med: 2.94 Max: 12.12
Current: 6.55
During the past 13 years, Farmland Partners's highest Return-on-Tangible-Equity was 12.12%. The lowest was 1.64%. And the median was 2.94%.
FPI's Return-on-Tangible-Equity is ranked better than 51.93% of 934
companies
in the REITs industry
Industry Median: 6.265
vs FPI: 6.55
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Farmland Partners Return-on-Tangible-Equity Related Terms
Farmland Partners Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Farmland Partners's Return-on-Tangible-Equity 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.
FPI vs LAND, NLCP, SELF: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, Farmland Partners's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Farmland Partners's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.56% mean?
Farmland Partners (FPI) has a Return-on-Tangible-Equity of 0.56% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Farmland Partners and its competitors. This is 81% below median its historical median of 2.94. Over the past decade, Farmland Partners' Return-on-Tangible-Equity has ranged from 1.64 to 12.12. According to the industry distribution chart, Farmland Partners ranks #449 out of 934 companies in the REITs industry, placing it in the top 48.1%.
Is Farmland Partners' Return-on-Tangible-Equity too high?
Farmland Partners' current Return-on-Tangible-Equity of 0.56% is 81% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 12.12. The REITs industry median Return-on-Tangible-Equity is 6.27. Farmland Partners' value of 0.56% is 91.1% below this industry median. Based on the distribution chart, Farmland Partners ranks #449 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Farmland Partners has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Return-on-Tangible-Equity compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #449 out of 934 companies for Return-on-Tangible-Equity. This puts Farmland Partners in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Farmland Partners' value of 0.56% is 91.1% below this benchmark. Historically, Farmland Partners' own Return-on-Tangible-Equity has ranged from 1.64 to 12.12 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 6.27, Farmland Partners has consistently been below 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current Return-on-Tangible-Equity of 0.56% is 91.1% below 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Farmland Partners and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Return-on-Tangible-Equity is 0.56%, which is 81% below median its own 10-year median of 2.94. 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 $10.93, compared to a current price of $9.68 — trading 11.4% below its estimated fair value. The current Return-on-Tangible-Equity is 0.56%, which is 81% below median its 10-year median of 2.94 and 91.1% below the REITs industry median of 6.27. Farmland Partners' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Farmland Partners (FPI), the current Return-on-Tangible-Equity is 0.56% as of Mar. 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 $9.68 is trading 11.4% below its estimated GF Value™ of $10.93.
GuruFocus considers Farmland Partners to be Modestly Undervalued.
Key valuation signals for FPI:
Return-on-Tangible-Equity: 0.56% (81% below median its 10-year median of 2.94)
GF Value™: $10.93 vs. price of $9.68 (11.4% below fair value)
Industry Position: 91.1% below the REITs median (#449 of 934)
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.
69GF Score
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