NNN Reit (NNN) fundamentals: P/E, valuation, undervalued?
NNN Reit · Real Estate · ref. ETF XLRE · price $45.33
In short — NNN Reit trades at 22.3× earnings (P/E), 21.5× forward, with a net margin of 40.4 % and revenue growth of +8 %. Read: Average P/E (P/E 22 (near the ~20-25 average)).
Is NNN Reit stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$45.33+7.5% over range
Aug 28, 25low $39.05 · high $49.59Aug 27, 26
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Hold
0% recommend buying · 9 analysts
Valuation : Average P/E — P/E 22 (near the ~20-25 average)
Valuation
22.3
P/E (price/earnings)
21.5
Forward P/E
—
PEG
2.0
Price/book (P/B)
$8.6B
Market cap
2.03
EPS
Profitability & growth
40.4 %
Net margin
+8 %
Revenue growth
-4 %
Earnings growth
$5.0B
Total debt
NNN Reit income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $773M | $335M | 43.3 % |
| 2023 | $828M | $392M | 47.4 % |
| 2024 | $869M | $397M | 45.7 % |
| 2025 | $926M | $390M | 42.1 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is NNN Reit's P/E and is the stock undervalued? What's a good P/E?
NNN Reit's P/E is 22.3 (forward 21.5). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Average P/E".
Is NNN Reit profitable?
NNN Reit has a net margin of 40.4 % (EPS 2.03). The company is profitable.
Is NNN stock expensive?
Our read: "Average P/E" — P/E 22 (near the ~20-25 average). Cross-check with growth and sector.
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