Latest Ratios: P/E Ratio 43.4x · EV/EBITDA 26.0x · ROE 7.6%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.4B | $9.5B | $7.8B | $8.3B | $6.3B | $9.2B | $5.4B | $5.0B | $3.3B | $3.0B | $2.4B |
| Enterprise Value | $13.1B | $11.3B | $9.4B | $10.0B | $8.2B | $10.7B | $6.7B | $6.2B | $4.4B | $4.1B | $3.5B |
| P/E Ratio → | 43.39 | 36.58 | 34.44 | 41.52 | 33.96 | 58.42 | 50.02 | 57.19 | 36.84 | 36.22 | 25.20 |
| P/S Ratio | 15.75 | 13.18 | 12.29 | 14.69 | 12.98 | 22.47 | 14.94 | 15.05 | 10.89 | 10.98 | 9.52 |
| P/B Ratio | 3.23 | 2.72 | 2.38 | 3.19 | 3.24 | 5.85 | 4.27 | 4.14 | 3.60 | 4.01 | 3.75 |
| P/FCF | 28.06 | 23.49 | 21.97 | 28.98 | 22.94 | 41.85 | 33.25 | 31.48 | 25.60 | 23.35 | 20.91 |
| P/OCF | 23.63 | 19.78 | 18.84 | 24.60 | 19.98 | 35.87 | 27.64 | 25.41 | 19.77 | 19.41 | 17.35 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.61 | 14.69 | 17.61 | 16.85 | 26.06 | 18.59 | 18.67 | 14.59 | 15.03 | 13.88 |
| EV / EBITDA | 26.00 | 22.33 | 15.53 | 18.42 | 17.53 | 27.52 | 19.56 | 19.85 | 15.67 | 16.34 | 22.68 |
| EV / EBIT | 45.59 | 40.41 | 36.99 | 44.55 | 44.96 | 70.73 | 52.64 | 53.24 | 40.70 | 43.27 | 40.20 |
| EV / FCF | — | 27.81 | 26.25 | 34.75 | 29.78 | 48.55 | 41.37 | 39.05 | 34.29 | 31.97 | 30.49 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.3% | 43.3% | 72.7% | 72.8% | 72.5% | 71.9% | 71.5% | 71.8% | 71.1% | 70.8% | 70.6% |
| Operating Margin | 39.9% | 39.9% | 69.4% | 69.7% | 69.0% | 67.9% | 67.4% | 66.7% | 66.5% | 65.3% | 34.5% |
| Net Profit Margin | 35.7% | 35.7% | 35.7% | 35.4% | 38.2% | 38.5% | 29.9% | 36.8% | 29.6% | 30.3% | 37.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.6% | 7.6% | 7.7% | 8.8% | 10.6% | 11.1% | 8.8% | 11.5% | 10.7% | 11.9% | 15.9% |
| ROA | 4.9% | 4.9% | 4.7% | 4.7% | 5.1% | 5.3% | 4.1% | 5.2% | 4.3% | 4.4% | 5.5% |
| ROIC | 4.3% | 4.3% | 7.3% | 7.3% | 7.3% | 7.4% | 7.3% | 7.5% | 7.7% | 7.4% | 3.9% |
| ROCE | 5.6% | 5.6% | 9.6% | 9.8% | 10.2% | 10.3% | 10.1% | 10.6% | 11.3% | 11.0% | 5.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.50 | 0.47 | 0.65 | 0.96 | 0.94 | 1.04 | 1.00 | 1.22 | 1.48 | 1.72 |
| Debt / EBITDA | 3.47 | 3.47 | 2.56 | 3.13 | 4.02 | 3.81 | 3.84 | 3.85 | 3.97 | 4.40 | 7.13 |
| Net Debt / Equity | — | 0.50 | 0.46 | 0.63 | 0.96 | 0.94 | 1.04 | 1.00 | 1.22 | 1.48 | 1.72 |
| Net Debt / EBITDA | 3.47 | 3.47 | 2.53 | 3.06 | 4.02 | 3.80 | 3.84 | 3.85 | 3.97 | 4.40 | 7.12 |
| Debt / FCF | — | 4.32 | 4.28 | 5.77 | 6.83 | 6.70 | 8.12 | 7.57 | 8.69 | 8.62 | 9.58 |
| Interest Coverage | 8.68 | 8.68 | 7.04 | 4.97 | 4.74 | 4.58 | 3.78 | 3.37 | 3.05 | 2.74 | 2.48 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.85 | 0.85 | 0.74 | 0.80 | 0.25 | 0.27 | 0.35 | 0.30 | 0.17 | 0.17 | 0.17 |
| Quick Ratio | 0.85 | 0.85 | 0.74 | 0.80 | 0.25 | 0.25 | 0.35 | 0.30 | 0.17 | 0.17 | 0.17 |
| Cash Ratio | 0.01 | 0.01 | 0.10 | 0.24 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 0.13 | 0.13 | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | 20.21 | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 3.2% | 3.2% | 2.7% | 3.1% | 1.4% | 2.2% | 2.2% | 2.2% | 2.9% | 3.4% |
| Payout Ratio | 117.5% | 117.5% | 111.0% | 112.5% | 104.2% | 83.6% | 110.5% | 89.4% | 80.6% | 104.3% | 84.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.7% | 2.9% | 2.4% | 2.9% | 1.7% | 2.0% | 1.7% | 2.7% | 2.8% | 4.0% |
| FCF Yield | 3.6% | 4.3% | 4.6% | 3.5% | 4.4% | 2.4% | 3.0% | 3.2% | 3.9% | 4.3% | 4.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.7% | 3.2% | 3.2% | 2.7% | 3.1% | 1.4% | 2.2% | 2.2% | 2.2% | 2.9% | 3.4% |
| Shares Outstanding | — | $53M | $49M | $45M | $43M | $40M | $39M | $38M | $36M | $34M | $33M |
Sunbelt insurance cost inflation
As reported in recent financial filings, EastGroup's P/FFO multiple of 66.80x in 2026Q1 suggests that investors are pricing in significant future growth, likely reflecting the company's successful execution of its develop-to-own strategy within supply-constrained infill markets compared to broader industrial REIT peers.
The elevated P/FFO multiple warrants careful interpretation, as it appears to bake in aggressive expectations for continued rent spread expansion. While the valuation is high, it may be justified by the scarcity of the company's shallow-bay asset base, which is increasingly difficult to replicate in the current regulatory environment.
Based on the provided quarterly data, EastGroup's NOI margins have demonstrated significant resilience, with recent figures highlighting the company's ability to pass through property-level expenses to tenants, thereby protecting core profitability despite the inflationary pressures currently impacting the broader Sunbelt industrial real estate sector.
The ability to maintain strong NOI margins suggests that the company's niche focus on smaller, multi-tenant units provides superior pricing power compared to big-box logistics providers. Investors should monitor whether these margins can persist if insurance and tax assessments continue to climb at their current accelerated pace.
According to the company's reported financial statements, the FFO payout ratio of 55.7% in 2026Q1 indicates a conservative dividend policy that leaves ample room for internal capital reinvestment, ensuring that the firm can fund its development pipeline without relying on dilutive external equity issuances.
This payout level provides a comfortable buffer for shareholders, suggesting that the dividend is well-covered by recurring cash flows. The retention of nearly half of FFO is a strategic choice that appears to prioritize long-term asset growth over immediate yield maximization for investors.
As indicated by the reported debt-to-equity ratio of 0.47x in 2026Q1, EastGroup maintains a fortress-like balance sheet that provides significant insulation against interest rate volatility, allowing the company to pursue development opportunities while peers may be forced to deleverage or pause capital deployment.
The low leverage profile is a distinct competitive advantage, particularly in an environment where the cost of capital remains elevated. This financial discipline appears to be a core pillar of the company's risk management strategy, effectively lowering the probability of distress during cyclical downturns.
The standard P/E ratio is fundamentally misapplied to EastGroup, as it fails to account for the massive non-cash depreciation charges inherent in industrial real estate, which significantly distort the company's reported net income and mask its actual cash-generating capacity for shareholders.
Investors should prioritize FFO and AFFO metrics, as these adjustments provide a more accurate reflection of the company's recurring cash flow. Relying on P/E ratios leads to an artificial perception of overvaluation, obscuring the underlying cash-on-cash yield generated by the firm's high-quality infill portfolio.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying EGP stock.
EastGroup Properties, Inc.'s current P/E ratio is 43.4x. The historical average is 36.7x. This places it at the 67th percentile of its historical range.
EastGroup Properties, Inc.'s current EV/EBITDA is 26.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.8x.
EastGroup Properties, Inc.'s return on equity (ROE) is 7.6%. The historical average is 8.6%.
Based on historical data, EastGroup Properties, Inc. is trading at a P/E of 43.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EastGroup Properties, Inc.'s current dividend yield is 2.68% with a payout ratio of 117.5%.
EastGroup Properties, Inc. has 43.3% gross margin and 39.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
EastGroup Properties, Inc.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.