Farmland Partners Inc (FPI) valuation
Farmland Partners P/E ratio history
Farmland Partners trades at 52.7 times its earnings over the last twelve months and 35.3 times the earnings analysts expect over the next twelve. At its last 4 fiscal year ends its P/E ranged from 11.6 (year to Dec 2024) to 89.0 (year to Dec 2022), with a median of 20.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $9.69 | $0.61 | 15.9 | 40.1 |
| Dec 31, 2024 | $11.76 | $1.01 | 11.6 | 69.1 |
| Dec 31, 2023 | $12.48 | $0.51 | 24.5 | 185.9 |
| Dec 31, 2022 | $12.46 | $0.14 | 89.0 | 71.9 |
| Dec 31, 2021 | $11.95 | — | n/m | — |
| Dec 31, 2020 | $8.70 | -$0.22 | n/m | — |
| Dec 31, 2019 | $6.78 | — | n/m | — |
| Dec 31, 2018 | $4.54 | — | n/m | — |
| Dec 31, 2017 | $8.68 | — | n/m | — |
| Dec 31, 2016 | $11.16 | — | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Farmland Partners valuation against its peers
| Company | Market value | P/E | Price / sales |
|---|---|---|---|
| Farmland PartnersFPI | $368M | 52.7 | 7.2 |
| Community Healthcare TrustCHCT | $373M | 19.2 | 3.0 |
| FrpFRPH | $359M | — | 8.3 |
| Chiron Real EstateXRN | $402M | 8.2 | 2.6 |
| Frontview ReitFVR | $420M | — | — |
| Gladstone Land ReitLAND | $320M | — | 3.6 |
| Transcontinental Realty InvestorsTCI | $431M | 53.1 | 8.6 |
| Tejon RanchTRC | $442M | 74.5 | 7.8 |
| Industrial Logistics Properties TrILPT | $454M | — | 1.0 |
| Peer median | 36.2 | 3.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: FPI financials · FPI returns
No forecast, no recommendation. This page describes Farmland Partners Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.