P/E ratio for Agree Realty (ADC)
P/E ratio as of June 2023 (TTM): 35.7
According to Agree Realty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.6944. At the end of 2021 the company had a P/E ratio of 40.1.
P/E ratio history for Agree Realty from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 40.1 | 5.98% |
| 2020 | 37.8 | 5.67% |
| 2019 | 35.8 | 14.45% |
| 2018 | 31.3 | 27.09% |
| 2017 | 24.6 | 4.76% |
| 2016 | 23.5 | 50.69% |
| 2015 | 15.6 | -37.81% |
| 2014 | 25.1 | 30.46% |
| 2013 | 19.2 | 16.93% |
| 2012 | 16.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 34.3 | -3.96% | 🇺🇸 USA |
 AT&T T | -13.0 | -136.31% | 🇺🇸 USA |
 CVS Health CVS | 22.4 | -37.14% | 🇺🇸 USA |
 Kroger KR | 14.5 | -59.51% | 🇺🇸 USA |
 Dine Brands Global DIN | 11.6 | -67.39% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.