VNO PE Ratio & Valuation,Is VNO Overvalued

VNO Relative Valuation

VNO'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, VNO is overvalued; if below, it's undervalued.

Historical Valuation

Vornado Realty Trust (VNO) is now in the Fair zone, suggesting that its current forward PS ratio of 4.08 is considered Fairly compared with the five-year average of -18.74. The fair price of Vornado Realty Trust (VNO) is between 32.37 to 49.23 according to relative valuation methord.

Relative Value

Fair Zone

32.37-49.23

Current Price：35.35

Fair

-228.61

26.34

EV/EBITDA

Vornado Realty Trust. (VNO) has a current EV/EBITDA of 26.34. The 5-year average EV/EBITDA is 22.19. The thresholds are as follows: Strongly Undervalued below 15.53, Undervalued between 15.53 and 18.86, Fairly Valued between 25.52 and 18.86, Overvalued between 25.52 and 28.84, and Strongly Overvalued above 28.84. The current Forward EV/EBITDA of 26.34 falls within the Overvalued range.

60.13

EV/EBIT

Vornado Realty Trust. (VNO) has a current EV/EBIT of 60.13. The 5-year average EV/EBIT is 52.66. The thresholds are as follows: Strongly Undervalued below 34.87, Undervalued between 34.87 and 43.77, Fairly Valued between 61.56 and 43.77, Overvalued between 61.56 and 70.46, and Strongly Overvalued above 70.46. The current Forward EV/EBIT of 60.13 falls within the Historic Trend Line -Fairly Valued range.

4.08

Vornado Realty Trust. (VNO) has a current PS of 4.08. The 5-year average PS is 3.60. The thresholds are as follows: Strongly Undervalued below 1.17, Undervalued between 1.17 and 2.38, Fairly Valued between 4.82 and 2.38, Overvalued between 4.82 and 6.03, and Strongly Overvalued above 6.03. The current Forward PS of 4.08 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Vornado Realty Trust. (VNO) has a current P/OCF of 0.00. The 5-year average P/OCF is 9.88. The thresholds are as follows: Strongly Undervalued below -5.20, Undervalued between -5.20 and 2.34, Fairly Valued between 17.43 and 2.34, Overvalued between 17.43 and 24.97, and Strongly Overvalued above 24.97. The current Forward P/OCF of 0.00 falls within the Undervalued range.

0.00

P/FCF

Vornado Realty Trust. (VNO) has a current P/FCF of 0.00. The 5-year average P/FCF is -88.69. The thresholds are as follows: Strongly Undervalued below -467.28, Undervalued between -467.28 and -277.98, Fairly Valued between 100.61 and -277.98, Overvalued between 100.61 and 289.91, and Strongly Overvalued above 289.91. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

Vornado Realty Trust (VNO) has a current Price-to-Book (P/B) ratio of 1.91. Compared to its 3-year average P/B ratio of 1.24 , the current P/B ratio is approximately 53.94% higher. Relative to its 5-year average P/B ratio of 1.32, the current P/B ratio is about 44.29% higher. Vornado Realty Trust (VNO) has a Forward Free Cash Flow (FCF) yield of approximately 7.23%. Compared to its 3-year average FCF yield of 13.69%, the current FCF yield is approximately -47.20% lower. Relative to its 5-year average FCF yield of 11.96% , the current FCF yield is about -39.57% lower.

1.91

P/B

Median3y

1.24

Median5y

1.32

7.23

FCF Yield

Median3y

13.69

Median5y

11.96

Competitors Valuation Multiple

The average P/S ratio for VNO's competitors is 7.95, providing a benchmark for relative valuation. Vornado Realty Trust Corp (VNO) exhibits a P/S ratio of , which is -100% above the industry average. Given its robust revenue growth of 5.78%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of VNO decreased by 15.91% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.67 to 78.43.

The secondary factor is the Revenue Growth, contributed 5.78%to the performance.

Overall, the performance of VNO in the past 1 year is driven by P/E Change. Which is more unsustainable.

5.78%

436.38M → 461.58M

Revenue Growth

-1602.08%

-1.44 → 21.63

Margin Expansion

1580.39%

4.67 → 78.43

P/E Change

-15.91%

42.04 → 35.35

Mkt Cap Growth

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Frequently Asked Questions

Is Vornado Realty Trust (VNO) currently overvalued or undervalued?

What is Vornado Realty Trust (VNO) fair value?

VNO'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. The fair price of Vornado Realty Trust (VNO) is between 32.37 to 49.23 according to relative valuation methord.

How does VNO's valuation metrics compare to the industry average?

The average P/S ratio for VNO's competitors is 7.95, providing a benchmark for relative valuation. Vornado Realty Trust Corp (VNO) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 5.78%, this premium appears unsustainable.

What is the current P/B ratio for Vornado Realty Trust (VNO) as of Dec 15 2025?

As of Dec 15 2025, Vornado Realty Trust (VNO) has a P/B ratio of 1.91. This indicates that the market values VNO at 1.91 times its book value.

What is the current FCF Yield for Vornado Realty Trust (VNO) as of Dec 15 2025?

As of Dec 15 2025, Vornado Realty Trust (VNO) has a FCF Yield of 7.23%. This means that for every dollar of Vornado Realty Trust’s market capitalization, the company generates 7.23 cents in free cash flow.

What is the current Forward P/E ratio for Vornado Realty Trust (VNO) as of Dec 15 2025?

As of Dec 15 2025, Vornado Realty Trust (VNO) has a Forward P/E ratio of -228.61. This means the market is willing to pay $-228.61 for every dollar of Vornado Realty Trust’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Vornado Realty Trust (VNO) as of Dec 15 2025?

As of Dec 15 2025, Vornado Realty Trust (VNO) has a Forward P/S ratio of 4.08. This means the market is valuing VNO at $4.08 for every dollar of expected revenue over the next 12 months.

VNO Valuation