Gladstone Land Corporation (LAND) Financial Ratios
16 years of historical data (2010–2025) · Real Estate · REIT - Industrial
EV/EBITDA
↓
15.11
↓-15% vs avg
5yr avg: 17.72
30Y Low13.2·High61.3
P/FCF
↓
N/A
—
5yr avg: 25.19
30Y Low16.0·High124.2
P/B Ratio
↓
0.47
↓-46% vs avg
5yr avg: 0.88
30Y Low0.5·High2.1
ROE
↑
2.0%
↓+36% vs avg
5yr avg: 1.5%
30Y Low-4%·High8%
Debt/EBITDA
↓
9.19
+1% vs avg
5yr avg: 9.10
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.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $374M | $334M | $390M | $516M | $634M | $1.0B | $326M | $254M | $178M | $162M | $112M |
| Enterprise Value | $884M | $845M | $899M | $1.1B | $1.2B | $1.7B | $941M | $722M | $499M | $460M | $317M |
| P/E Ratio → | -29.86 | — | — | — | — | — | — | — | 67.53 | — | 281.00 |
| P/S Ratio | 4.23 | 3.78 | 4.57 | 5.71 | 7.11 | 13.61 | 5.71 | 6.25 | 4.85 | 6.44 | 6.50 |
| P/B Ratio | 0.47 | 0.50 | 0.57 | 0.72 | 0.87 | 1.74 | 0.85 | 0.91 | 0.98 | 1.37 | 1.28 |
| P/FCF | — | — | 16.00 | 18.93 | 26.80 | 39.03 | 38.37 | 28.00 | — | 124.16 | — |
| P/OCF | 53.42 | 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 15.1x EBITDA, 15% below its 5-year average of 17.7x. The Real Estate sector median is 17.0x, placing the stock at a 11% 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 | — | 9.56 | 10.55 | 11.86 | 13.44 | 22.25 | 16.49 | 17.75 | 13.61 | 18.31 | 18.33 |
| EV / EBITDA | 15.11 | 14.43 | 13.52 | 15.15 | 17.08 | 28.40 | 21.21 | 22.51 | 13.21 | 18.31 | 18.33 |
| EV / EBIT | 36.86 | 23.10 | 25.55 | 28.04 | 39.39 | 59.03 | 36.78 | 39.93 | 33.51 | 47.28 | 44.98 |
| EV / FCF | — | — | 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 27.2%, above the Real Estate sector average of 24.8%. Operating margins have compressed from 37.0% to 27.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.0% is modest. ROIC of 1.5% 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 | -5.7% | -5.7% | 93.7% | 95.4% | 96.8% | 96.6% | 96.8% | 93.9% | 94.4% | 95.4% | 96.1% |
| Operating Margin | 27.2% | 27.2% | 36.8% | 37.0% | 39.0% | 42.1% | 48.5% | 47.4% | 33.0% | 45.3% | 40.8% |
| Net Profit Margin | 15.3% | 15.3% | 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 | 2.0% | 2.0% | 1.9% | 2.0% | 0.7% | 0.7% | 1.5% | 0.8% | 1.8% | -0.0% | 0.5% |
| ROA | 1.1% | 1.1% | 1.0% | 1.0% | 0.3% | 0.3% | 0.5% | 0.3% | 0.5% | -0.0% | 0.2% |
| ROIC | 1.5% | 1.5% | 1.9% | 2.0% | 2.1% | 2.1% | 2.4% | 2.3% | 2.0% | 2.4% | 2.1% |
| ROCE | 1.9% | 1.9% | 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
Gladstone Land Corporation carries a Debt/EBITDA ratio of 9.2x, which is highly leveraged (16% above the sector average of 7.9x). Net debt stands at $511M ($538M total debt minus $27M cash). Interest coverage of just 1.6x 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 | 0.80 | 0.80 | 0.77 | 0.80 | 0.86 | 1.13 | 1.63 | 1.73 | 1.86 | 2.55 | 2.36 |
| Debt / EBITDA | 9.19 | 9.19 | 7.93 | 8.12 | 8.92 | 11.32 | 14.07 | 15.02 | 8.89 | 11.98 | 11.97 |
| Net Debt / Equity | — | 0.76 | 0.74 | 0.77 | 0.77 | 1.11 | 1.60 | 1.68 | 1.77 | 2.53 | 2.33 |
| Net Debt / EBITDA | 8.72 | 8.72 | 7.66 | 7.85 | 8.05 | 11.04 | 13.86 | 14.59 | 8.50 | 11.86 | 11.83 |
| Debt / FCF | — | — | 20.91 | 20.37 | 23.89 | 24.80 | 72.40 | 51.57 | — | 228.58 | — |
| Interest Coverage | 1.59 | 1.59 | 1.61 | 1.62 | 1.18 | — | — | 1.11 | 1.23 | 1.00 | 1.17 |
LAND Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.67x means Gladstone Land Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 5.02x to 1.67x 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 | 1.67 | 1.67 | 2.59 | 5.02 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.24 | 0.12 |
| Quick Ratio | 1.58 | 1.58 | 0.73 | 1.29 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.16 | 0.12 |
| Cash Ratio | 1.58 | 1.58 | 0.73 | 1.29 | 2.95 | 1.10 | 0.79 | 1.10 | 1.44 | 0.16 | 0.12 |
| Asset Turnover | — | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 |
| Inventory Turnover | 56.16 | 56.16 | 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 6.5% to shareholders annually — split between a 6.5% dividend yield and 0.0% buyback yield. The payout ratio exceeds 100% at 151.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery.
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 | 6.5% | 6.1% | 5.2% | 3.8% | 3.0% | 1.6% | 3.7% | 4.1% | 4.6% | 3.9% | 4.4% |
| Payout Ratio | 151.3% | 151.3% | 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 | — | — | 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 | 6.5% | 6.2% | 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 | $374M | -29.9 | 15.1 | — | -5.7% | 27.2% | 2.0% | 1.5% | 9.2 |
 FPI | $426M | 15.7 | 21.2 | 24.4 | 64.4% | 44.2% | 5.6% | 2.4% | 5.9 |
 ILPT | $540M | -8.1 | 14.6 | 8.9 | 12.6% | 33.0% | -6.9% | 2.2% | 13.5 |
 GOOD | $584M | 29.4 | 12.1 | 8.7 | 5.9% | 37.2% | 7.5% | 4.4% | 7.2 |
 GAIN | $589M | 3.1 | 5.1 | — | 19.4% | 315.8% | 31.7% | 15.5% | 2.5 |
 GLAD | $422M | 7.3 | 6.4 | 9.7 | 87.3% | 55.5% | 12.1% | 7.2% | 3.3 |
 PINE | $274M | -87.0 | 14.5 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 CTVA | $53B | 49.1 | 13.3 | 18.7 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
 MOS | $7B | 13.5 | 5.5 | — | 15.1% | 8.7% | 4.5% | 4.8% | 2.4 |
 NTR | $30B | 13.3 | 6.7 | 14.8 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
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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LAND — 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 -29.9x. The historical average is 95.6x.
What is Gladstone Land Corporation's EV/EBITDA?
Gladstone Land Corporation's current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.5x.
What is Gladstone Land Corporation's ROE?
Gladstone Land Corporation's return on equity (ROE) is 2.0%. The historical average is 1.4%.
Is LAND stock overvalued?
Based on historical data, Gladstone Land Corporation is trading at a P/E of -29.9x. 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 6.47% with a payout ratio of 151.3%.
What are Gladstone Land Corporation's profit margins?
Gladstone Land Corporation has -5.7% gross margin and 27.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Gladstone Land Corporation have?
Gladstone Land Corporation's Debt/EBITDA ratio is 9.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.