Vornado Realty Trust (VNO) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While c...
Vornado Realty Trust (VNO) currently trades at a P/E ratio of 90.58 (historical range: 5.49–1094.30, median: 50.04), placing it at the 67th percentile — above its historical average, P/S ratio of 3.36 (range: 1.32–6.02, 43th percentile — near its historical average), EV/EBITDA of 14.15 (range: 14.04–17.98, 1th percentile).
Vornado Realty Trust trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 90.58 | 50.04 | 67th | above its historical average |
| P/S Ratio | 3.36 | 3.63 | 43th | near its historical average |
| EV/EBITDA | 14.15 | 15.54 | 1th | cheap relative to its history |
| FCF Yield | 1.50% | 10.24% | 5th | expensive relative to its history |
Vornado Realty Trust (VNO) Valuation & P/E History
Vornado Realty Trust (VNO) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry currently trading at $32.93 with a market capitalization of $6.2 billion. This page provides historical valuation analysis for VNO based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 90.58 is above the historical median of 50.04, placing VNO at the 67th percentile of its valuation range. The P/S ratio of 3.36 compares to a median of 3.63.
VNO Valuation Metrics & Historical Range
The valuation table above shows Vornado Realty Trust'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 VNO 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 VNO 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 Vornado Realty Trust.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is VNO Overvalued or Undervalued?
Vornado Realty Trust trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 37 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive VNO 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 VNO analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.VNO trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.