Latest Ratios: P/E Ratio 25.4x · EV/EBITDA 17.0x · ROE 7.8%. (1995–2025 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 | $2.1B | $1.5B | $1.6B | $1.5B | $1.6B | $1.4B | $1.2B | $1.4B | $1.2B | $1.0B | $862M |
| Enterprise Value | $3.1B | $2.6B | $2.6B | $2.2B | $2.3B | $2.0B | $1.7B | $1.8B | $1.6B | $1.4B | $1.1B |
| P/E Ratio → | 25.44 | 20.27 | 24.10 | 25.41 | 18.01 | 23.42 | 17.00 | 76.44 | 24.71 | 21.56 | 22.76 |
| P/S Ratio | 9.36 | 6.97 | 8.08 | 7.90 | 9.57 | 9.25 | 7.86 | 9.61 | 8.68 | 8.34 | 7.48 |
| P/B Ratio | 1.81 | 1.44 | 1.71 | 1.54 | 2.09 | 1.93 | 1.76 | 2.29 | 1.19 | 1.07 | 1.17 |
| P/FCF | 16.35 | 12.17 | 12.68 | 13.98 | 17.03 | 16.62 | 14.04 | 17.60 | 19.85 | 17.80 | 23.56 |
| P/OCF | 16.29 | 12.13 | 12.59 | 13.93 | 17.03 | 16.57 | 13.99 | 17.60 | 18.66 | 17.66 | 23.37 |
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 | — | 11.67 | 12.55 | 12.04 | 13.84 | 13.01 | 11.41 | 12.97 | 11.58 | 11.33 | 9.96 |
| EV / EBITDA | 16.98 | 14.09 | 15.00 | 15.70 | 14.46 | 16.36 | 15.67 | 19.24 | 11.72 | 12.17 | 10.54 |
| EV / EBIT | 25.61 | 20.61 | 23.14 | 24.40 | 21.87 | 26.59 | 22.30 | 24.54 | 22.51 | 20.96 | 20.35 |
| EV / FCF | — | 20.38 | 19.70 | 21.30 | 24.62 | 23.37 | 20.36 | 23.77 | 26.48 | 24.18 | 31.38 |
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 | 40.2% | 40.2% | 92.7% | 87.2% | 87.0% | 85.8% | 84.0% | 82.2% | 82.6% | 81.4% | 80.3% |
| Operating Margin | 54.9% | 54.9% | 54.0% | 49.0% | 70.8% | 55.6% | 51.3% | 47.5% | 50.0% | 44.3% | 43.6% |
| Net Profit Margin | 35.7% | 35.7% | 34.9% | 32.4% | 54.4% | 40.4% | 47.1% | 35.4% | 35.1% | 39.3% | 33.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.8% | 7.8% | 7.4% | 7.0% | 12.0% | 8.9% | 11.1% | 6.3% | 4.9% | 5.6% | 6.7% |
| ROA | 3.8% | 3.8% | 3.7% | 3.6% | 5.9% | 4.5% | 5.4% | 4.2% | 4.3% | 4.8% | 4.3% |
| ROIC | 4.6% | 4.6% | 4.6% | 4.3% | 6.3% | 5.2% | 5.1% | 4.1% | 3.8% | 3.4% | 4.3% |
| ROCE | 6.3% | 6.3% | 6.4% | 5.8% | 8.5% | 6.7% | 6.5% | 6.5% | 7.5% | 7.0% | 7.5% |
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 | 0.98 | 0.98 | 0.96 | 0.81 | 0.94 | 0.82 | 0.88 | 0.84 | 0.44 | 0.41 | 0.40 |
| Debt / EBITDA | 5.75 | 5.75 | 5.40 | 5.42 | 4.51 | 4.93 | 5.38 | 5.22 | 3.28 | 3.39 | 2.74 |
| Net Debt / Equity | — | 0.97 | 0.95 | 0.81 | 0.93 | 0.78 | 0.79 | 0.80 | 0.40 | 0.38 | 0.39 |
| Net Debt / EBITDA | 5.68 | 5.68 | 5.34 | 5.40 | 4.46 | 4.73 | 4.87 | 4.99 | 2.93 | 3.21 | 2.63 |
| Debt / FCF | — | 8.21 | 7.02 | 7.33 | 7.59 | 6.75 | 6.33 | 6.17 | 6.63 | 6.38 | 7.82 |
| Interest Coverage | 2.71 | 2.71 | 2.81 | 2.91 | 3.79 | 3.08 | 2.89 | 3.02 | 3.13 | 3.66 | 3.40 |
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 | 29.85 | 29.85 | 0.35 | 2.19 | 1.19 | 1.84 | 1.73 | 1.42 | 0.93 | 0.63 | 0.63 |
| Quick Ratio | 29.85 | 29.85 | 0.35 | 2.19 | 1.19 | 1.84 | 1.73 | 1.42 | 0.92 | 0.63 | 0.63 |
| Cash Ratio | 4.71 | 4.71 | 0.03 | 0.04 | 0.06 | 0.22 | 0.49 | 0.17 | 0.24 | 0.09 | 0.06 |
| Asset Turnover | — | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 12.78 | 27.22 | 35.23 |
| 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 | 5.6% | 7.0% | 6.1% | 5.9% | 4.9% | 4.9% | 5.4% | 4.2% | 4.3% | 3.9% | 4.2% |
| Payout Ratio | 137.2% | 137.2% | 141.0% | 144.6% | 86.9% | 112.6% | 90.3% | 114.4% | 105.9% | 83.3% | 94.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.9% | 4.1% | 3.9% | 5.6% | 4.3% | 5.9% | 1.3% | 4.0% | 4.6% | 4.4% |
| FCF Yield | 6.1% | 8.2% | 7.9% | 7.2% | 5.9% | 6.0% | 7.1% | 5.7% | 5.0% | 5.6% | 4.2% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 5.7% | 7.1% | 6.1% | 6.0% | 5.0% | 5.0% | 5.4% | 4.2% | 4.3% | 4.0% | 4.2% |
| Shares Outstanding | — | $56M | $55M | $50M | $47M | $45M | $42M | $41M | $40M | $37M | $34M |
Environmental remediation cost volatility
Based on reported figures, GTY's valuation remains constrained by a persistent specialty discount, with the P/FFO multiple hovering near 18x, which appears to reflect market skepticism regarding the long-term terminal value of fuel-centric retail assets amidst the broader energy transition and electric vehicle adoption trends.
The current valuation multiple suggests that investors are pricing in a higher risk premium compared to diversified triple-net peers. This discount may be an analytical mispricing if the market fails to account for the high-value 'hard corner' real estate utility that exists independently of fuel sales.
As reported in recent financial statements, GTY's NOI margin has exhibited extreme volatility, swinging from a negative 82.9% in 2025Q4 to over 95% in other periods, which suggests that non-recurring environmental remediation charges are significantly distorting the underlying property-level profitability metrics.
The erratic nature of these margins makes it difficult to assess organic growth trends without adjusting for lumpy environmental expenses. Investors should monitor whether these remediation costs stabilize as the company pivots toward higher-credit national tenants and non-fuel retail segments.
According to recent SEC filings, GTY's FFO payout ratio has fluctuated between 65% and 89% over the last ten quarters, indicating that the dividend remains supported by recurring cash flows despite the inherent volatility in property-level expenses and environmental liability management.
The dividend appears sustainable given the company's ability to maintain a consistent buffer relative to AFFO. The low maintenance capital expenditure requirements inherent in the triple-net lease model further reinforce the safety of the current distribution to shareholders.
Based on GTY's reported figures, the debt-to-equity ratio has remained relatively stable, fluctuating between 0.81 and 0.98 over the last ten quarters, even as the company has aggressively scaled its total debt load to approximately $1.0 billion to fund portfolio acquisitions.
Management appears to be maintaining a disciplined approach to capital structure, which is critical given the potential for lumpy capital outlays related to environmental remediation. The interest coverage ratio, while occasionally pressured, suggests that the current debt load remains manageable within the existing cash flow profile.
As indicated by the discrepancy between GAAP net income and FFO, the standard P/E ratio is a deeply misleading metric for GTY, as it fails to account for significant non-cash depreciation and amortization charges that obscure the true cash-generating capacity of the firm's specialized retail portfolio.
Analysts should prioritize P/FFO or P/AFFO to better capture the recurring cash flow generated by the triple-net lease structure. Relying on P/E ignores the unique accounting treatments for environmental liabilities and property depreciation that are central to the REIT's financial reality.
Includes 30+ ratios · 30 years · Updated daily
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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 GTY stock.
Getty Realty Corp.'s current P/E ratio is 25.4x. The historical average is 22.5x. This places it at the 79th percentile of its historical range.
Getty Realty Corp.'s current EV/EBITDA is 17.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
Getty Realty Corp.'s return on equity (ROE) is 7.8%. The historical average is 11.6%.
Based on historical data, Getty Realty Corp. is trading at a P/E of 25.4x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Getty Realty Corp.'s current dividend yield is 5.60% with a payout ratio of 137.2%.
Getty Realty Corp. has 40.2% gross margin and 54.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Getty Realty Corp.'s Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.