Broadstone Net Lease, Inc. (BNL) P/E Ratio History
ExpensiveTrading at 42.4x vs 5Y avg 29.6x · 85th percentile · Material premium to history · Data 2020–2026
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P/E Ratio Analysis
As of June 29, 2026, Broadstone Net Lease, Inc. (BNL) trades at a price-to-earnings ratio of 42.4x, with a stock price of $21.21 and trailing twelve-month earnings per share of $0.64.
The current P/E is 43% above its 5-year average of 29.6x. Over the past five years, BNL's P/E has ranged from a low of 14.4x to a high of 54.0x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Real Estate sector median P/E of 25.2x, BNL trades at a 68% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 0.8x to 164.9x.
The PEG ratio of 16.38 (P/E divided by -42% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, BNL commands a significant premium over the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BNL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BNL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
BNL P/E vs Peers
Net Lease and Ground Lease REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $9B | 43.5 | - | -1% | |
| $9B | 22.9 | 2.06 | -4% | |
| $7B | 23.9 | 1.00Best | +11% | |
| $59B | 53.9 | - | +19% | |
| $16B | 35.0 | - | +1% | |
| $3B | 23.5 | - | +2% | |
| $2B | 258.5 | 4.36 | +151%Best | |
| $2B | 25.2 | - | +8% | |
| $2B | 16.0Lowest | 4.28 | -29% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
BNL Historical P/E Data (2020–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $18.27 | $0.64 | 28.5x | -9% |
| FY2025 Q4 | Dec 31 2025 | $17.37 | $0.50 | 34.9x | +11% |
| FY2025 Q3 | - | $17.87 | $0.33 | 54.0x | +71% |
| FY2025 Q2 | Jun 30 2025 | $16.05 | $0.38 | 42.1x | +34% |
| FY2025 Q1 | Mar 31 2025 | $17.04 | $0.46 | 37.0x | +17% |
| FY2024 Q4 | - | $15.86 | $0.72 | 21.9x | -30% |
| FY2024 Q3 | Sep 30 2024 | $18.95 | $0.76 | 24.8x | -21% |
| FY2024 Q2 | Jun 30 2024 | $15.87 | $0.83 | 19.0x | -40% |
| FY2024 Q1 | Mar 31 2024 | $15.67 | $0.96 | 16.3x | -48% |
| FY2023 Q4 | Dec 31 2023 | $17.22 | $0.82 | 20.9x | -34% |
| FY2023 Q3 | Sep 30 2023 | $14.30 | $0.99 | 14.4x | -54% |
| FY2023 Q2 | Jun 30 2023 | $15.44 | $0.88 | 17.5x | -44% |
| FY2023 Q1 | Mar 31 2023 | $17.01 | $0.75 | 22.7x | -28% |
| FY2022 Q4 | Dec 31 2022 | $16.21 | $0.69 | 23.5x | -25% |
| FY2022 Q3 | Sep 30 2022 | $15.53 | $0.68 | 22.8x | -27% |
| FY2022 Q2 | - | $20.51 | $0.71 | 28.9x | -8% |
| FY2022 Q1 | - | $21.78 | $0.66 | 33.0x | +5% |
| FY2021 Q4 | Dec 31 2021 | $24.82 | $0.66 | 37.6x | +19% |
| FY2021 Q3 | - | $24.81 | $0.58 | 42.8x | +36% |
| FY2021 Q2 | Jun 30 2021 | $23.41 | $0.48 | 48.8x | +55% |
| FY2021 Q1 | Mar 31 2021 | $18.30 | $0.45 | 40.7x | +29% |
| FY2020 Q4 | - | $19.58 | $0.37 | 52.8x | +68% |
| FY2020 Q3 | Sep 30 2020 | $16.78 | $0.43 | 39.0x | +24% |
Average P/E for displayed period: 31.5x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BNL — Frequently Asked Questions
Quick answers to the most common questions about buying BNL stock.
What is BNL's P/E ratio?
Broadstone Net Lease, Inc. (BNL) trailing twelve-month P/E ratio is 42.4x, based on TTM diluted EPS of $0.64. The 5-year average P/E is 29.6x and the historical range spans 14.4x to 54.0x.
Is BNL stock overvalued or undervalued?
BNL trades at 42.4x P/E, above its 5-year average of 29.6x. The 85th percentile ranking within the 14.4x–54.0x historical range indicates a premium to historical valuation.
Is BNL stock expensive?
Yes, BNL is expensive relative to its own history. The current P/E of 42.4x is above the 5-year average of 29.6x and also above the Real Estate sector median of 25.2x. The stock sits at the 85th percentile of its 5-year valuation range.
What is BNL's historical P/E range?
Over the past 5 years, BNL's P/E ratio has ranged from 14.4x to 54.0x, with a median of 28.5x and an average of 29.6x. The current P/E of 42.4x places the stock at the 85th percentile of this range. Full historical data spans 2020–2026.
How does BNL's P/E compare to the S&P 500?
BNL trades at 42.4x P/E versus the S&P 500 median of 25.3x. The 68% premium to the market typically reflects higher expected earnings growth or quality.
How does BNL's valuation compare to Real Estate peers?
Broadstone Net Lease, Inc. P/E of 42.4x compares to the Real Estate sector median of 25.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is BNL's PEG ratio?
BNL PEG ratio is 16.38, based on a P/E of 42.4x and EPS growth of -41.9%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is BNL's earnings yield?
BNL earnings yield is 2.36%, the inverse of its 42.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.