IIPR Relative Valuation
IIPR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, IIPR is overvalued; if below, it's undervalued.
Historical Valuation
Innovative Industrial Properties Inc (IIPR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 12.53 is considered Undervalued compared with the five-year average of 23.09. The fair price of Innovative Industrial Properties Inc (IIPR) is between 51.21 to 122.06 according to relative valuation methord. Compared to the current price of 50.93 USD , Innovative Industrial Properties Inc is Undervalued By 0.54%.
Relative Value
Fair Zone
51.21-122.06
Current Price：50.93
0.54%
Undervalued
12.40
PE
1Y
3Y
5Y
Trailing
Forward
9.23
EV/EBITDA
Innovative Industrial Properties Inc. (IIPR) has a current EV/EBITDA of 9.23. The 5-year average EV/EBITDA is 15.11. The thresholds are as follows: Strongly Undervalued below 2.04, Undervalued between 2.04 and 8.58, Fairly Valued between 21.65 and 8.58, Overvalued between 21.65 and 28.19, and Strongly Overvalued above 28.19. The current Forward EV/EBITDA of 9.23 falls within the Historic Trend Line -Fairly Valued range.
14.75
EV/EBIT
Innovative Industrial Properties Inc. (IIPR) has a current EV/EBIT of 14.75. The 5-year average EV/EBIT is 20.99. The thresholds are as follows: Strongly Undervalued below 4.67, Undervalued between 4.67 and 12.83, Fairly Valued between 29.15 and 12.83, Overvalued between 29.15 and 37.31, and Strongly Overvalued above 37.31. The current Forward EV/EBIT of 14.75 falls within the Historic Trend Line -Fairly Valued range.
5.44
PS
Innovative Industrial Properties Inc. (IIPR) has a current PS of 5.44. The 5-year average PS is 11.87. The thresholds are as follows: Strongly Undervalued below -0.35, Undervalued between -0.35 and 5.76, Fairly Valued between 17.98 and 5.76, Overvalued between 17.98 and 24.08, and Strongly Overvalued above 24.08. The current Forward PS of 5.44 falls within the Undervalued range.
0.00
P/OCF
Innovative Industrial Properties Inc. (IIPR) has a current P/OCF of 0.00. The 5-year average P/OCF is 12.68. The thresholds are as follows: Strongly Undervalued below -1.62, Undervalued between -1.62 and 5.53, Fairly Valued between 19.83 and 5.53, Overvalued between 19.83 and 26.98, and Strongly Overvalued above 26.98. The current Forward P/OCF of 0.00 falls within the Undervalued range.
0.00
P/FCF
Innovative Industrial Properties Inc. (IIPR) has a current P/FCF of 0.00. The 5-year average P/FCF is -1.20. The thresholds are as follows: Strongly Undervalued below -11.84, Undervalued between -11.84 and -6.52, Fairly Valued between 4.12 and -6.52, Overvalued between 4.12 and 9.44, and Strongly Overvalued above 9.44. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.
Innovative Industrial Properties Inc (IIPR) has a current Price-to-Book (P/B) ratio of 0.79. Compared to its 3-year average P/B ratio of 1.23 , the current P/B ratio is approximately -35.46% higher. Relative to its 5-year average P/B ratio of 1.86, the current P/B ratio is about -57.48% higher. Innovative Industrial Properties Inc (IIPR) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 11.10%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 8.40% , the current FCF yield is about -100.00% lower.
0.78
P/B
Median3y
1.23
Median5y
1.86
14.31
FCF Yield
Median3y
11.10
Median5y
8.40
Competitors Valuation Multiple
The average P/S ratio for IIPR's competitors is , providing a benchmark for relative valuation. Innovative Industrial Properties Inc Corp (IIPR) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -15.47%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of IIPR decreased by 19.03% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 10.89 to 12.01.
The secondary factor is the Margin Expansion, contributed -13.80%to the performance.
Overall, the performance of IIPR in the past 1 year is driven by P/E Change. Which is more unsustainable.
People Also Watch
FAQ
Is Innovative Industrial Properties Inc (IIPR) currently overvalued or undervalued?
What is Innovative Industrial Properties Inc (IIPR) fair value?
How does IIPR's valuation metrics compare to the industry average?
What is the current P/B ratio for Innovative Industrial Properties Inc (IIPR) as of Dec 05 2025?
What is the current FCF Yield for Innovative Industrial Properties Inc (IIPR) as of Dec 05 2025?
What is the current Forward P/E ratio for Innovative Industrial Properties Inc (IIPR) as of Dec 05 2025?