18 years of historical data (2008–2025) · Real Estate · REIT - Industrial
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
STAG Industrial, Inc. trades at 26.4x earnings, 22% below its 5-year average of 33.7x, sitting at the 22nd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.5x, the stock trades at a premium of 8%. On a free-cash-flow basis, the stock trades at 18.3x P/FCF, 20% below the 5-year average of 22.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.4B | $6.9B | $6.2B | $7.1B | $5.8B | $7.9B | $4.7B | $4.0B | $2.6B | $2.5B | $1.7B |
| Enterprise Value | $10.6B | $10.2B | $9.2B | $9.7B | $8.3B | $10.1B | $6.4B | $5.6B | $3.9B | $3.6B | $2.7B |
| P/E Ratio → | 26.40 | 25.18 | 32.52 | 36.69 | 32.31 | 41.70 | 23.73 | — | 27.64 | 118.83 | 82.31 |
| P/S Ratio | 8.72 | 8.18 | 8.04 | 10.01 | 8.80 | 14.00 | 9.67 | 9.77 | 7.36 | 8.17 | 6.76 |
| P/B Ratio | 1.98 | 1.88 | 1.75 | 2.06 | 1.67 | 2.32 | 1.69 | 1.68 | 1.55 | 1.74 | 1.59 |
| P/FCF | 18.34 | 17.22 | 16.45 | 19.02 | 17.25 | 44.77 | 26.09 | 143.05 | 29.52 | 36.79 | 36.89 |
| P/OCF | 15.91 | 14.93 | 13.40 | 18.13 | 14.90 | 23.41 | 15.90 | 17.00 | 13.06 | 15.13 | 12.49 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
STAG Industrial, Inc.'s enterprise value stands at 17.2x EBITDA, 8% below its 5-year average of 18.7x. This is roughly in line with the Real Estate sector median of 16.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.06 | 11.98 | 13.74 | 12.61 | 17.97 | 13.22 | 13.85 | 11.11 | 11.99 | 10.85 |
| EV / EBITDA | 17.17 | 16.44 | 16.33 | 18.68 | 17.10 | 24.78 | 17.83 | 18.75 | 15.47 | 16.82 | 16.17 |
| EV / EBIT | 33.45 | 24.48 | 30.01 | 33.33 | 31.85 | 38.87 | 23.74 | 53.37 | 26.89 | 48.33 | 34.58 |
| EV / FCF | — | 25.37 | 24.52 | 26.10 | 24.73 | 57.47 | 35.67 | 202.65 | 44.59 | 53.98 | 59.22 |
Margins and return-on-capital ratios measuring operating efficiency
STAG Industrial, Inc. earns an operating margin of 37.7%, above the Real Estate sector average of 26.0%. Operating margins have expanded from 34.2% to 37.7% over the past 3 years, signaling improving operational efficiency. ROE of 7.6% is modest. ROIC of 3.5% represents below-average returns on invested capital.
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 | 61.3% | 61.3% | 79.8% | 80.3% | 80.9% | 80.8% | 81.5% | 81.5% | 80.3% | 80.8% | 80.5% |
| Operating Margin | 37.7% | 37.7% | 35.2% | 34.2% | 31.9% | 29.7% | 28.8% | 26.9% | 22.9% | 19.6% | 17.0% |
| Net Profit Margin | 32.4% | 32.4% | 24.7% | 27.2% | 27.1% | 34.2% | 41.8% | 12.1% | 26.5% | 10.4% | 13.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.6% | 7.6% | 5.4% | 5.6% | 5.2% | 6.2% | 7.9% | 2.4% | 6.0% | 2.5% | 3.6% |
| ROA | 3.9% | 3.9% | 2.9% | 3.1% | 3.0% | 3.7% | 4.6% | 1.4% | 3.2% | 1.3% | 1.7% |
| ROIC | 3.5% | 3.5% | 3.2% | 3.0% | 2.7% | 2.5% | 2.5% | 2.3% | 2.2% | 1.9% | 1.6% |
| ROCE | 4.9% | 4.9% | 4.5% | 4.2% | 3.7% | 3.4% | 3.3% | 3.2% | 3.0% | 2.6% | 2.2% |
Solvency and debt-coverage ratios — lower is generally safer
STAG Industrial, Inc. carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (32% below the sector average of 7.9x). Net debt stands at $3.3B ($3.3B total debt minus $15M cash). Interest coverage of 3.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.90 | 0.87 | 0.77 | 0.73 | 0.66 | 0.62 | 0.70 | 0.79 | 0.83 | 0.97 |
| Debt / EBITDA | 5.31 | 5.31 | 5.44 | 5.10 | 5.23 | 5.52 | 4.83 | 5.55 | 5.26 | 5.47 | 6.17 |
| Net Debt / Equity | — | 0.89 | 0.86 | 0.77 | 0.73 | 0.66 | 0.62 | 0.70 | 0.79 | 0.81 | 0.96 |
| Net Debt / EBITDA | 5.28 | 5.28 | 5.38 | 5.06 | 5.17 | 5.48 | 4.79 | 5.52 | 5.23 | 5.35 | 6.10 |
| Debt / FCF | — | 8.15 | 8.07 | 7.08 | 7.48 | 12.70 | 9.58 | 59.60 | 15.07 | 17.19 | 22.33 |
| Interest Coverage | 3.04 | 3.04 | 2.71 | 3.09 | 3.34 | 4.09 | 4.32 | 1.93 | 2.97 | 1.76 | 1.83 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.41x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.41 | 0.41 | 0.48 | 0.45 | 0.74 | 0.45 | 0.72 | 0.69 | 0.64 | 0.33 | 0.93 |
| Quick Ratio | 0.41 | 0.41 | 0.48 | 0.45 | 0.74 | 0.45 | 0.72 | 0.69 | 0.64 | 0.33 | 0.93 |
| Cash Ratio | 0.04 | 0.04 | 0.06 | 0.04 | 0.09 | 0.05 | 0.08 | 0.04 | 0.05 | 0.08 | 0.17 |
| Asset Turnover | — | 0.12 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
STAG Industrial, Inc. returns 3.9% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 103.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 3.9% | 4.1% | 4.5% | 3.8% | 4.6% | 3.1% | 4.8% | 4.8% | 6.2% | 5.7% | 6.9% |
| Payout Ratio | 103.8% | 103.8% | 145.3% | 138.7% | 149.6% | 127.8% | 111.0% | 384.7% | 171.0% | 451.1% | 340.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 4.0% | 3.1% | 2.7% | 3.1% | 2.4% | 4.2% | — | 3.6% | 0.8% | 1.2% |
| FCF Yield | 5.5% | 5.8% | 6.1% | 5.3% | 5.8% | 2.2% | 3.8% | 0.7% | 3.4% | 2.7% | 2.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.9% | 4.1% | 4.5% | 3.8% | 4.6% | 3.1% | 4.8% | 4.8% | 6.2% | 5.7% | 6.9% |
| Shares Outstanding | — | $188M | $182M | $181M | $179M | $164M | $149M | $126M | $104M | $90M | $71M |
Compare STAG 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 |
|---|---|---|---|---|---|---|---|---|---|
| $7B | 26.4 | 17.2 | 18.3 | 61.3% | 37.7% | 7.6% | 3.5% | 5.3 | |
| $133B | 35.6 | 23.3 | 27.0 | 74.9% | 53.8% | 6.4% | 3.8% | 4.5 | |
| $11B | 41.7 | 25.1 | 26.9 | 43.3% | 39.9% | 7.6% | 4.3% | 3.5 | |
| $9B | 42.1 | 17.1 | 41.2 | 77.3% | 37.9% | 2.4% | 2.4% | 5.0 | |
| $8B | 33.4 | 21.9 | 72.1 | 22.6% | 42.3% | 9.0% | 4.5% | 5.2 | |
| $7B | 16.9 | 25.5 | 32.9 | 50.3% | 40.3% | 10.3% | 2.9% | 3.8 | |
| $3B | 28.7 | 17.4 | 18.8 | -30.7% | 14.0% | 5.4% | 1.1% | 5.6 | |
| $524M | -7.9 | 14.6 | 8.6 | 12.6% | 33.0% | -6.9% | 2.2% | 13.5 | |
| $2B | 14.7 | 10.1 | 9.4 | 88.7% | 46.7% | 6.0% | 4.3% | 2.0 | |
| $2B | 24.5 | 16.6 | 15.7 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 | |
| $979M | 7.1 | 13.3 | 10.2 | 68.9% | 18.2% | 25.9% | 2.1% | 5.4 | |
| Real Estate Median | — | 24.5 | 16.7 | 15.6 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
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Start ComparisonQuick answers to the most common questions about buying STAG stock.
STAG Industrial, Inc.'s current P/E ratio is 26.4x. The historical average is 46.8x. This places it at the 22th percentile of its historical range.
STAG Industrial, Inc.'s current EV/EBITDA is 17.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.1x.
STAG Industrial, Inc.'s return on equity (ROE) is 7.6%. The historical average is -16.3%.
Based on historical data, STAG Industrial, Inc. is trading at a P/E of 26.4x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
STAG Industrial, Inc.'s current dividend yield is 3.91% with a payout ratio of 103.8%.
STAG Industrial, Inc. has 61.3% gross margin and 37.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
STAG Industrial, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.