Realty Income Corporation (O) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in all 50 states and Puerto Rico and are...
Realty Income Corporation (O) currently trades at a P/E ratio of 41.86 (historical range: 35.78–96.16, median: 55.80), placing it at the 8th percentile — cheap relative to its history, P/S ratio of 8.76 (range: 8.10–18.21, 3th percentile — cheap relative to its history), EV/EBITDA of 62.90 (range: 61.92–80.51, 4th percentile).
Realty Income Corporation trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 41.86 | 55.80 | 8th | cheap relative to its history |
| P/S Ratio | 8.76 | 10.23 | 3th | cheap relative to its history |
| EV/EBITDA | 62.90 | 76.63 | 4th | cheap relative to its history |
| FCF Yield | 7.54% | 6.88% | 80th | below its historical average |
Realty Income Corporation (O) Valuation & P/E History
Realty Income Corporation (O) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $56.05 with a market capitalization of $53.0 billion. This page provides historical valuation analysis for O based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 41.86 is below the historical median of 55.80, placing O at the 8th percentile of its valuation range. The P/S ratio of 8.76 compares to a median of 10.23.
O Valuation Metrics & Historical Range
The valuation table above shows Realty Income Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether O is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests O is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Realty Income Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is O Overvalued or Undervalued?
Realty Income Corporation trades well below its historical valuation range across most metrics. The overall valuation percentile of 5 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive O is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full O analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.O trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.