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Agree RealtyADC +0.14%90 Shiller PE Ratio is 32.61 as of Sep. 03, 2026, which is 1% below its 10-year median of 32.84. GuruFocus rates ADC with a GF Score™ of 90/100 and a GF Value™ of $79.07 (Fairly Valued). The stock has 6 warning signs investors should review. Among 476 REITs companies, Agree Realty ranks worse than 86.13% on this metric.
As of today (2026-09-03), Agree Realty's current share price is $72.73. Agree Realty's E10 for the quarter that ended in Jun. 2026 was $2.23. Agree Realty's Shiller PE Ratio for today is 32.61.
The historical rank and industry rank for Agree Realty's Shiller PE Ratio or its related term are showing as below:
ADC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 23.11 Med: 32.84 Max: 43.27
Current: 32.61
During the past years, Agree Realty's highest Shiller PE Ratio was 43.27. The lowest was 23.11. And the median was 32.84.
ADC's Shiller PE Ratio is ranked worse than 86.13% of 476
companies
in the REITs industry
Industry Median: 13.325
vs ADC: 32.61
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Agree Realty's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.23 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Agree Realty (NYSE:ADC) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Agree Realty Shiller PE Ratio Related Terms
Agree Realty Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Agree Realty's Shiller 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.
For the REIT - Retail subindustry, Agree Realty's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.
Agree Realty Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Agree Realty's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Agree Realty's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Agree Realty's Shiller PE Ratio for today 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.
Agree Realty's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Agree Realty's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Agree Realty (ADC) has a Shiller PE Ratio of 32.61 as of Sep. 03, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Agree Realty and its competitors. This is near median its historical median of 32.84. Over the past decade, Agree Realty's Shiller PE Ratio has ranged from 23.11 to 43.27. According to the industry distribution chart, Agree Realty ranks #410 out of 476 companies in the REITs industry, placing it in the top 86.1%.
Is Agree Realty's Shiller PE Ratio too high?
Agree Realty's current Shiller PE Ratio of 32.61 is near median its 10-year median of 32.84. Over the past 10 years, this metric has ranged from a low of 23.11 to a high of 43.27. The REITs industry median Shiller PE Ratio is 13.33. Agree Realty's value of 32.61 is 144.7% above this industry median. Based on the distribution chart, Agree Realty ranks #410 out of 476 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Agree Realty has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agree Realty's Shiller PE Ratio compare to BRX and NNN?
According to the REITs industry distribution chart, Agree Realty ranks #410 out of 476 companies for Shiller PE Ratio. This places Agree Realty in the lower half of its industry. The industry median Shiller PE Ratio is 13.33. Agree Realty's value of 32.61 is 144.7% above this benchmark. Historically, Agree Realty's own Shiller PE Ratio has ranged from 23.11 to 43.27 over the past decade. While the company's 10-year median is 32.84 vs. the industry median of 13.33, Agree Realty 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.33, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agree Realty's current Shiller PE Ratio of 32.61 is 144.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Agree Realty and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agree Realty's current Shiller PE Ratio is 32.61, which is near median its own 10-year median of 32.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agree Realty stock overvalued right now?
Based on GuruFocus' analysis, Agree Realty (ADC) is currently considered Fairly Valued. The stock's GF Value™ is $79.07, compared to a current price of $72.73 — trading 8% below its estimated fair value. The current Shiller PE Ratio is 32.61, which is near median its 10-year median of 32.84 and 144.7% above the REITs industry median of 13.33. Agree Realty's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Agree Realty (ADC), the current Shiller PE Ratio is 32.61 as of Sep. 03, 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 Agree Realty (ADC) Overvalued in 2026?
Based on GuruFocus' analysis, Agree Realty stock appears to be undervalued.
The current stock price of $72.73 is trading 8% below its estimated GF Value™ of $79.07.
GuruFocus considers Agree Realty to be Fairly Valued.
Key valuation signals for ADC:
Shiller PE Ratio: 32.61 (near median its 10-year median of 32.84)
GF Value™: $79.07 vs. price of $72.73 (8% below fair value)
Industry Position: 144.7% above the REITs median (#410 of 476)
No single metric tells the full story. See the ADC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.
90GF Score
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