VNO (Vornado Realty Trust) ROE % Adjusted to Book Value: -0.49% (As of Mar. 2026)


VNO Vornado Realty Trust VNO
77 GF Score
Price $39.11
GF Value $32.08
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Vornado Realty Trust ROE % Adjusted to Book Value?

Vornado Realty Trust VNO +2.70% 77 ROE % Adjusted to Book Value is -0.49% as of Mar. 2026. GuruFocus rates VNO with a GF Score™ of 77/100 and a GF Value™ of $32.08 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Vornado Realty Trust's ROE % for the quarter that ended in Mar. 2026 was -0.49%. Vornado Realty Trust's PB Ratio for the quarter that ended in Mar. 2026 was 1.01. Vornado Realty Trust's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -0.49%.


Vornado Realty Trust ROE % Adjusted to Book Value Related Terms


Vornado Realty Trust ROE % Adjusted to Book Value Historical Data

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The historical data trend for Vornado Realty Trust's ROE % Adjusted to Book Value 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.

Vornado Realty Trust ROE % Adjusted to Book Value Chart

Vornado Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 -6.67 1.50 0.65 12.30

Vornado Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.55 35.51 1.12 0.81 -0.49

VNO vs CUZ, ARE, KRC: ROE % Adjusted to Book Value Comparison

For the REIT - Office subindustry, Vornado Realty Trust's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs REITs Industry

For the REITs industry and Real Estate sector, Vornado Realty Trust's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Vornado Realty Trust's ROE % Adjusted to Book Value falls into.


VNO
77GF Score
Vornado Realty Trust VNO
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Vornado Realty Trust ROE % Adjusted to Book Value Calculation

Vornado Realty Trust's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=16.24% / 1.32
=12.30%

Vornado Realty Trust's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-0.49% / 1.01
=-0.49%

* 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.

What does a ROE % Adjusted to Book Value of -0.49% mean?
Vornado Realty Trust (VNO) has a ROE % Adjusted to Book Value of -0.49% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vornado Realty Trust and its competitors.
Is Vornado Realty Trust's ROE % Adjusted to Book Value too high?
Vornado Realty Trust's current ROE % Adjusted to Book Value is -0.49%. 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 ROE % Adjusted to Book Value compare to CUZ and ARE?
Vornado Realty Trust's ROE % Adjusted to Book Value of -0.49% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a REITs company?
A good ROE % Adjusted to Book Value depends on the REITs industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vornado Realty Trust and its competitors. Vornado Realty Trust's current ROE % Adjusted to Book Value is -0.49%. 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 ROE % Adjusted to Book Value is -0.49%. Vornado Realty Trust's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Vornado Realty Trust (VNO), the current ROE % Adjusted to Book Value is -0.49% 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 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:

  • ROE % Adjusted to Book Value: -0.49%
  • GF Value™: $32.08 vs. price of $39.11 (21.9% above fair value)
  • GF Score™: 77/100 with 9 warning signs

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 Business Description

Industry Real EstateREITs
Address 888 Seventh Avenue, New York, NY, USA, 10019
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

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.11
Price
$32.08
GF Value