P/E ratio for Agree Realty (ADC)
P/E ratio as of April 2024 (TTM): 33.7
According to Agree Realty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.6608. At the end of 2022 the company had a P/E ratio of 38.5.
P/E ratio history for Agree Realty from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 38.5 | -3.84% |
| 2021 | 40.1 | 5.98% |
| 2020 | 37.8 | 5.67% |
| 2019 | 35.8 | 10.21% |
| 2018 | 32.5 | 23.14% |
| 2017 | 26.4 | 11.7% |
| 2016 | 23.6 | 51.46% |
| 2015 | 15.6 | -37.81% |
| 2014 | 25.1 | 30.46% |
| 2013 | 19.2 | 16.93% |
| 2012 | 16.4 | -34.4% |
| 2011 | 25.1 | 62.46% |
| 2010 | 15.4 | 42.35% |
| 2009 | 10.8 | 16.15% |
| 2008 | 9.33 | -37.71% |
| 2007 | 15.0 | -19.39% |
| 2006 | 18.6 | 38.21% |
| 2005 | 13.4 | -13.89% |
| 2004 | 15.6 | -8.5% |
| 2003 | 17.1 | 101.52% |
| 2002 | 8.47 | -16.47% |
| 2001 | 10.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 11.3 | -66.37% | 🇺🇸 USA |
 AT&T T | -10.8 | -132.04% | 🇺🇸 USA |
 CVS Health CVS | 10.3 | -69.44% | 🇺🇸 USA |
 Kroger KR | 24.8 | -26.22% | 🇺🇸 USA |
 Dine Brands Global DIN | 9.37 | -72.17% | 🇺🇸 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.