Agree Realty
ADC
#2368
Rank
$6.07 B
Marketcap
$60.22
Share price
0.07%
Change (1 day)
-8.19%
Change (1 year)

P/E ratio for Agree Realty (ADC)

P/E ratio as of June 2024 (TTM): 35.2

According to Agree Realty 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.193. 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
202238.5-3.84%
202140.15.98%
202037.85.67%
201935.810.21%
201832.523.14%
201726.411.7%
201623.651.46%
201515.6-37.81%
201425.130.46%
201319.216.93%
201216.4-34.4%
201125.162.46%
201015.442.35%
200910.816.15%
20089.33-37.71%
200715.0-19.39%
200618.638.21%
200513.4-13.89%
200415.6-8.5%
200317.1101.52%
20028.47-16.47%
200110.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.8-63.68%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.7-133.17%๐Ÿ‡บ๐Ÿ‡ธ USA
9.01-74.40%๐Ÿ‡บ๐Ÿ‡ธ USA
22.9-34.84%๐Ÿ‡บ๐Ÿ‡ธ USA
7.57-78.48%๐Ÿ‡บ๐Ÿ‡ธ 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.