Gladstone Land Corporation (LAND) Financial Ratios
16 years of historical data (2010–2025) · Real Estate · REIT - Industrial
EV/EBITDA
↓
3.48
↓-78% vs avg
5yr avg: 15.48
30Y Low3.3·High61.3
P/FCF
↑
50.83
↑+71% vs avg
5yr avg: 29.71
30Y Low16.0·High124.2
P/B Ratio
↓
0.53
↓-39% vs avg
5yr avg: 0.88
30Y Low0.5·High2.1
ROE
↓
-1.5%
↑-304% vs avg
5yr avg: 0.8%
30Y Low-4%·High8%
Debt/EBITDA
↓
N/A
—
5yr avg: 9.07
30Y Low7.9·High25.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LAND Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Gladstone Land Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 50.8x P/FCF, 71% above the 5-year average of 29.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $355M | $334M | $390M | $516M | $634M | $1.0B | $326M | $254M | $178M | $162M | $112M |
| Enterprise Value | $328M | $307M | $899M | $1.1B | $1.2B | $1.7B | $941M | $722M | $499M | $460M | $317M |
| P/E Ratio → | -33.76 | — | — | — | — | — | — | — | 67.53 | — | 281.00 |
| P/S Ratio | 4.67 | 4.39 | 4.57 | 5.71 | 7.11 | 13.61 | 5.71 | 6.25 | 4.85 | 6.44 | 6.50 |
| P/B Ratio | 0.53 | 0.50 | 0.57 | 0.72 | 0.87 | 1.74 | 0.85 | 0.91 | 0.98 | 1.37 | 1.28 |
| P/FCF | 50.83 | 47.77 | 16.00 | 18.93 | 26.80 | 39.03 | 38.37 | 28.00 | — | 124.16 | — |
| P/OCF | 50.83 | 47.77 | 13.19 | 12.88 | 14.48 | 31.65 | 13.03 | 11.90 | 17.10 | 24.85 | 13.39 |
P/E links to full P/E history page with 30-year chart
LAND EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Gladstone Land Corporation's enterprise value stands at 3.5x EBITDA, 78% below its 5-year average of 15.5x. The Real Estate sector median is 16.7x, placing the stock at a 79% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.03 | 10.55 | 11.86 | 13.44 | 22.25 | 16.49 | 17.75 | 13.61 | 18.31 | 18.33 |
| EV / EBITDA | 3.48 | 3.25 | 13.52 | 15.15 | 17.08 | 28.40 | 21.21 | 22.51 | 13.21 | 18.31 | 18.33 |
| EV / EBIT | 5.49 | 32.17 | 25.55 | 28.04 | 39.39 | 59.03 | 36.78 | 39.93 | 33.51 | 47.28 | 44.98 |
| EV / FCF | — | 43.88 | 36.91 | 39.30 | 50.70 | 63.84 | 110.78 | 79.57 | — | 352.74 | — |
LAND Profitability
Margins and return-on-capital ratios measuring operating efficiency
Gladstone Land Corporation earns an operating margin of 78.6%, significantly above the Real Estate sector average of 25.0%. Operating margins have expanded from 37.0% to 78.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -1.5% indicates the company is currently destroying shareholder equity. ROIC of 4.9% represents below-average returns on invested capital.
Margins
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 | 87.4% | 87.4% | 93.7% | 95.4% | 96.8% | 96.6% | 96.8% | 93.9% | 94.4% | 95.4% | 96.1% |
| Operating Margin | 78.6% | 78.6% | 36.8% | 37.0% | 39.0% | 42.1% | 48.5% | 47.4% | 33.0% | 45.3% | 40.8% |
| Net Profit Margin | -13.8% | -13.8% | 15.6% | 16.1% | 5.3% | 4.6% | 8.6% | 4.3% | 7.2% | -0.1% | 2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.5% | -1.5% | 1.9% | 2.0% | 0.7% | 0.7% | 1.5% | 0.8% | 1.8% | -0.0% | 0.5% |
| ROA | -0.8% | -0.8% | 1.0% | 1.0% | 0.3% | 0.3% | 0.5% | 0.3% | 0.5% | -0.0% | 0.2% |
| ROIC | 4.9% | 4.9% | 1.9% | 2.0% | 2.1% | 2.1% | 2.4% | 2.3% | 2.0% | 2.4% | 2.1% |
| ROCE | 4.7% | 4.7% | 2.4% | 2.4% | 2.5% | 2.7% | 3.0% | 2.8% | 2.4% | 3.0% | 2.6% |
LAND Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $27M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 3.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.77 | 0.80 | 0.86 | 1.13 | 1.63 | 1.73 | 1.86 | 2.55 | 2.36 |
| Debt / EBITDA | — | — | 7.93 | 8.12 | 8.92 | 11.32 | 14.07 | 15.02 | 8.89 | 11.98 | 11.97 |
| Net Debt / Equity | — | -0.04 | 0.74 | 0.77 | 0.77 | 1.11 | 1.60 | 1.68 | 1.77 | 2.53 | 2.33 |
| Net Debt / EBITDA | -0.29 | -0.29 | 7.66 | 7.85 | 8.05 | 11.04 | 13.86 | 14.59 | 8.50 | 11.86 | 11.83 |
| Debt / FCF | — | -3.89 | 20.91 | 20.37 | 23.89 | 24.80 | 72.40 | 51.57 | — | 228.58 | — |
| Interest Coverage | 2.99 | 2.99 | 1.43 | 1.41 | 1.35 | — | — | 1.18 | 1.00 | 1.17 | 1.17 |
Net cash position: cash ($27M) exceeds total debt ($0)
LAND Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 5.02x to 2.59x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 2.59 | 5.02 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.24 | 0.12 |
| Quick Ratio | — | — | 0.73 | 1.29 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.16 | 0.12 |
| Cash Ratio | — | — | 0.73 | 1.29 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.16 | 0.12 |
| Asset Turnover | — | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 |
| Inventory Turnover | 5.77 | 5.77 | 0.12 | 0.08 | — | — | — | — | — | 0.76 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LAND Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Gladstone Land Corporation returns 6.7% to shareholders annually primarily through dividends.
Dividends
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 | 6.7% | 7.2% | 5.2% | 3.8% | 3.0% | 1.6% | 3.7% | 4.1% | 4.6% | 3.9% | 4.4% |
| Payout Ratio | — | — | 151.2% | 135.9% | 401.3% | 471.8% | 244.3% | 600.8% | 314.7% | — | 1105.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 1.5% | — | 0.4% |
| FCF Yield | 2.0% | 2.1% | 6.2% | 5.3% | 3.7% | 2.6% | 2.6% | 3.6% | — | 0.8% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 0.0% | 0.0% | 0.0% | 0.3% | 1.6% | 0.0% |
| Total Shareholder Yield | 6.7% | 7.2% | 5.2% | 3.8% | 4.2% | 1.6% | 3.7% | 4.1% | 4.9% | 5.5% | 4.4% |
| Shares Outstanding | — | $37M | $36M | $36M | $35M | $30M | $22M | $20M | $16M | $12M | $10M |
Peer Comparison
Compare LAND with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LANDYou | $355M | -33.8 | 3.5 | 50.8 | 87.4% | 78.6% | -1.5% | 4.9% | — |
 FPI | $466M | 17.2 | 22.7 | 26.7 | 64.4% | 44.2% | 5.6% | 2.4% | 5.9 |
 ILPT | $524M | -7.9 | 14.6 | 8.6 | 12.6% | 33.0% | -6.9% | 2.2% | 13.5 |
 GOOD | $599M | 30.2 | 12.2 | 8.9 | 5.9% | 37.2% | 7.5% | 4.4% | 7.2 |
 GAIN | $665M | 9.4 | 16.9 | 5.8 | 68.6% | 72.7% | 13.2% | 5.3% | 7.0 |
 GLAD | $434M | 7.5 | 6.5 | 9.9 | 87.3% | 55.5% | 12.1% | 7.2% | 3.3 |
 PINE | $279M | -88.5 | 14.6 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 DE | $160B | 32.0 | 20.3 | 49.6 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
 CTVA | $55B | 51.1 | 13.9 | 19.5 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
 MOS | $7B | 6.1 | 3.7 | — | 16.5% | 9.9% | 10.3% | 6.1% | 0.4 |
 NTR | $36B | 15.6 | 7.5 | 17.4 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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Start ComparisonLAND — Frequently Asked Questions
Quick answers to the most common questions about buying LAND stock.
What is Gladstone Land Corporation's P/E ratio?
Gladstone Land Corporation's current P/E ratio is -33.8x. The historical average is 95.6x.
What is Gladstone Land Corporation's EV/EBITDA?
Gladstone Land Corporation's current EV/EBITDA is 3.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.6x.
What is Gladstone Land Corporation's ROE?
Gladstone Land Corporation's return on equity (ROE) is -1.5%. The historical average is 1.2%.
Is LAND stock overvalued?
Based on historical data, Gladstone Land Corporation is trading at a P/E of -33.8x. Compare with industry peers and growth rates for a complete picture.
What is Gladstone Land Corporation's dividend yield?
Gladstone Land Corporation's current dividend yield is 6.72%.
What are Gladstone Land Corporation's profit margins?
Gladstone Land Corporation has 87.4% gross margin and 78.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.