Latest Ratios: P/E Ratio 13.3x · EV/EBITDA 165.0x · ROE 1.1%. (2007–2025 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 | $353M | $384M | $460M | $530M | $471M | $433M | $220M | $225M | $197M | $217M | $198M |
| Enterprise Value | $575M | $1.5B | $1.3B | $1.0B | $738M | $237M | $715M | $426M | $369M | $286M | $243M |
| P/E Ratio → | 13.26 | 2.78 | 2.03 | 1.98 | 0.91 | 1.36 | 1.84 | 1.27 | 1.56 | 8.02 | 18.95 |
| P/S Ratio | 12.00 | 2.53 | 0.45 | 0.44 | 0.34 | 0.61 | 0.40 | 0.42 | 0.66 | 1.26 | 1.34 |
| P/B Ratio | 0.84 | 0.18 | 0.21 | 0.24 | 0.21 | 0.20 | 0.20 | 0.26 | 0.26 | 0.33 | 0.29 |
| P/FCF | 30.73 | 6.47 | 41.78 | 5.59 | 3.05 | 3.27 | 5.00 | 29.35 | — | 5.49 | — |
| P/OCF | 13.09 | 2.75 | 5.80 | 3.41 | 2.30 | 2.87 | 3.18 | 4.38 | — | 3.34 | — |
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 | — | 10.11 | 1.31 | 0.85 | 0.54 | 0.33 | 1.31 | 0.80 | 1.24 | 1.66 | 1.65 |
| EV / EBITDA | 165.04 | 85.16 | 5.01 | 2.80 | 0.95 | — | 3.18 | 2.03 | 2.01 | 19.24 | — |
| EV / EBIT | 603.59 | 311.47 | 5.15 | 3.06 | 1.05 | 0.72 | 4.50 | 1.95 | 2.04 | 6.76 | 13.79 |
| EV / FCF | — | 25.87 | 121.03 | 10.73 | 4.78 | 1.79 | 16.27 | 55.49 | — | 7.21 | — |
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 | 36.8% | 36.8% | 30.6% | 32.8% | 56.7% | -5.0% | 40.6% | 44.3% | 52.3% | 27.8% | 2.9% |
| Operating Margin | 3.2% | 3.2% | 18.2% | 23.0% | 50.4% | -15.4% | 30.2% | 35.1% | 54.0% | -0.1% | -16.9% |
| Net Profit Margin | 15.9% | 15.9% | 22.3% | 22.3% | 38.0% | 44.4% | 21.9% | 33.2% | 42.5% | 15.9% | 7.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.1% | 1.1% | 10.4% | 12.2% | 23.6% | 19.2% | 11.9% | 21.6% | 17.8% | 4.0% | 1.5% |
| ROA | 0.6% | 0.6% | 6.4% | 7.8% | 15.4% | 11.6% | 7.0% | 14.0% | 12.2% | 3.1% | 1.1% |
| ROIC | 0.1% | 0.1% | 4.9% | 8.0% | 23.2% | -4.6% | 9.1% | 14.0% | 14.5% | -0.0% | -2.5% |
| ROCE | 0.2% | 0.2% | 6.2% | 9.6% | 24.5% | -5.0% | 11.8% | 17.7% | 18.9% | -0.0% | -3.2% |
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 | 0.60 | 0.60 | 0.48 | 0.40 | 0.32 | 0.40 | 0.59 | 0.35 | 0.37 | 0.17 | 0.15 |
| Debt / EBITDA | 72.75 | 72.75 | 3.93 | 2.39 | 0.91 | — | 2.97 | 1.46 | 1.50 | 7.56 | — |
| Net Debt / Equity | — | 0.53 | 0.40 | 0.22 | 0.12 | -0.09 | 0.44 | 0.23 | 0.23 | 0.10 | 0.07 |
| Net Debt / EBITDA | 63.88 | 63.88 | 3.28 | 1.34 | 0.35 | — | 2.21 | 0.95 | 0.93 | 4.61 | — |
| Debt / FCF | — | 19.41 | 79.25 | 5.14 | 1.73 | -1.49 | 11.28 | 26.14 | — | 1.73 | — |
| Interest Coverage | 0.20 | 0.20 | 3.85 | 6.47 | 10.37 | 15.95 | 11.20 | 42.52 | 6.01 | 4.71 | 0.11 |
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 | 1.79 | 1.79 | 2.09 | 2.14 | 3.28 | 2.66 | 1.61 | 1.95 | 1.83 | 1.09 | 2.17 |
| Quick Ratio | 0.94 | 0.94 | 1.24 | 1.45 | 2.14 | 1.94 | 0.97 | 1.08 | 1.18 | 0.70 | 2.00 |
| Cash Ratio | 0.24 | 0.24 | 0.37 | 0.65 | 1.10 | 1.60 | 0.43 | 0.49 | 0.57 | 0.32 | 1.50 |
| Asset Turnover | — | 0.04 | 0.28 | 0.34 | 0.41 | 0.21 | 0.27 | 0.39 | 0.25 | 0.19 | 0.17 |
| Inventory Turnover | 0.17 | 0.17 | 1.59 | 1.88 | 1.07 | 0.42 | 1.27 | 1.51 | 1.08 | 2.04 | 7.88 |
| Days Sales Outstanding | — | 925.22 | 135.84 | 124.72 | 103.47 | 83.92 | 109.49 | 77.77 | 96.89 | 95.58 | 47.36 |
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 | 8.5% | 40.7% | 69.3% | 60.3% | 97.7% | 9.7% | 22.8% | 18.2% | 6.6% | 14.8% | 40.8% |
| Payout Ratio | 646.8% | 646.8% | 140.6% | 119.2% | 88.4% | 13.2% | 41.8% | 23.2% | 10.3% | 117.3% | 763.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 36.0% | 49.3% | 50.6% | 110.3% | 73.3% | 54.3% | 78.6% | 64.0% | 12.5% | 5.3% |
| FCF Yield | 3.3% | 15.5% | 2.4% | 17.9% | 32.8% | 30.6% | 20.0% | 3.4% | — | 18.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 6.8% | 20.1% |
| Total Shareholder Yield | 8.5% | 40.7% | 69.3% | 60.3% | 97.7% | 9.7% | 22.8% | 18.2% | 6.9% | 21.5% | 60.9% |
| Shares Outstanding | — | $100M | $100M | $102M | $99M | $71M | $59M | $54M | $57M | $58M | $55M |
Cyclical land divestment dependency
According to current market data, LND trades at a P/B ratio of 0.85, which suggests that investors are pricing the company at a discount to its book value, potentially failing to account for the significant appreciation of its 223,551-hectare land bank relative to historical cost.
The P/S ratio of 12.12 appears elevated, but this metric is heavily distorted by the lumpy nature of land divestments which causes revenue to fluctuate wildly. Investors should monitor the P/NAV gap, as the current valuation likely reflects short-term commodity price volatility rather than the long-term intrinsic value of the company's land transformation pipeline.
Based on the provided quarterly data, ROIC has trended into negative territory, reaching -0.2% in 2026Q3, which highlights the difficulty in generating consistent returns on invested capital when the company is not actively executing high-margin land sales to supplement its core agricultural operations.
The volatility in ROE, which swung from 11.3% in 2024Q4 to -0.1% in 2026Q3, underscores that LND's ability to compound capital is entirely dependent on the timing of property exits. This suggests that traditional return metrics may be poor indicators of operational health, as they are heavily influenced by the non-recurring nature of real estate gains.
As reported in recent financial statements, the cash conversion cycle has ballooned to 3,072 days in 2026Q3, a figure that reflects the long-term nature of land development and the inherent difficulty in liquidating agricultural assets compared to standard inventory-heavy consumer defensive peers.
The extremely high DSO and DIO metrics suggest that the company's working capital is tied up in long-gestation projects rather than rapid inventory turnover. This indicates that LND's efficiency should be measured by the velocity of land transformation rather than traditional retail-style inventory management metrics.
According to the latest quarterly filings, LND maintains a current ratio of 1.47, which, when combined with a debt-to-equity ratio of 0.71, indicates a robust liquidity position that allows the firm to withstand prolonged periods of agricultural market stagnation without requiring external financing.
The company's ability to maintain significant cash reserves despite negative operating margins in recent quarters suggests a conservative capital allocation strategy. This liquidity buffer is essential for a business model that relies on waiting for optimal market conditions to divest its land assets.
Based on an analysis of sector metrics, the P/E ratio is the most commonly misapplied metric for LND, as it obscures the company's true earning power by failing to distinguish between recurring agricultural cash flows and the lumpy, non-recurring capital gains generated from land divestment cycles.
Investors should instead focus on Price-to-Net Asset Value (P/NAV) to better capture the underlying value of the land bank. Relying on P/E or EV/EBITDA leads to a distorted view of the company's performance, as these metrics penalize the firm during periods of low divestment activity.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying LND stock.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's current P/E ratio is 13.3x. The historical average is 4.3x. This places it at the 92th percentile of its historical range.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's current EV/EBITDA is 165.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's return on equity (ROE) is 1.1%. The historical average is 8.2%.
Based on historical data, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas is trading at a P/E of 13.3x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's current dividend yield is 8.51% with a payout ratio of 646.8%.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas has 36.8% gross margin and 3.2% operating margin.
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's Debt/EBITDA ratio is 72.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.