VNO
Vornado Realty Trust
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: VNO
- PE Ratio
The PE ratio for Vornado Realty Trust stock stands at 9.84 as of Jun 22, 2026. This results from the current EPS of $3.82 and stock price of $37.58. An increase of 20% has been seen in the P/E ratio compared to the average of 8.2 of the last 4 quarters.
VNO PE ratio history
Over the last ten years, the average PE ratio of Vornado Realty Trust has been 88.97. The current 9.84 PE ratio is 89% below the historical average. Over the past ten years, VNO's PE ratio was at its highest in the Dec 2024 quarter at 1,051, with a price of $42.04 and an EPS of $0.04. The Mar 2020 quarter recorded the bottom point at 2.37, with a price of $36.21 and an EPS of $15.31.
Vornado Realty Trust PE ratio by year
Maximum annual increase: 755.65% in 2024
Maximum annual decrease: -99.28% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 7.56 | -99.28% | $33.28 | $4.4 |
| 2024 | 1,051 | 755.65% | $42.04 | $0.04 |
| 2023 | 122.83 | N/A | $28.25 | $0.23 |
| 2022 | N/A | N/A | $20.81 | -$2.13 |
| 2021 | 78.98 | N/A | $41.86 | $0.53 |
| 2020 | N/A | N/A | $37.34 | -$1.83 |
| 2019 | 4.1 | -86.65% | $66.5 | $16.23 |
| 2018 | 30.71 | -66.61% | $62.03 | $2.02 |
| 2017 | 91.98 | 284.21% | $78.18 | $0.85 |
| 2016 | 23.94 | -13.54% | $104.37 | $4.36 |
| 2015 | 27.69 | -1.67% | $99.96 | $3.61 |
| 2014 | 28.16 | -33.4% | $117.71 | $4.18 |
| 2013 | 42.28 | 55.73% | $88.79 | $2.1 |
| 2012 | 27.15 | 15.14% | $80.08 | $2.95 |
| 2011 | 23.58 | -7.46% | $76.86 | $3.26 |
Vornado Realty Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 6.8 | -10.05% | $25.99 | $3.82 |
| Dec 2025 | 7.56 | -18.27% | $33.28 | $4.4 |
| Sep 2025 | 9.25 | 2.1% | $40.53 | $4.38 |
| Jun 2025 | 9.06 | -86.77% | $38.24 | $4.22 |
| Mar 2025 | 68.5 | -93.48% | $36.99 | $0.54 |
| Dec 2024 | 1,051 | N/A | $42.04 | $0.04 |
| Sep 2024 | N/A | N/A | $39.4 | -$0.28 |
| Jun 2024 | 262.9 | 37.07% | $26.29 | $0.1 |
| Mar 2024 | 191.8 | 56.15% | $28.77 | $0.15 |
| Dec 2023 | 122.83 | N/A | $28.25 | $0.23 |
| Sep 2023 | N/A | N/A | $22.68 | -$2.02 |
| Jun 2023 | N/A | N/A | $18.14 | -$2.26 |
| Mar 2023 | N/A | N/A | $15.37 | -$2.24 |
| Dec 2022 | N/A | N/A | $20.81 | -$2.13 |
| Sep 2022 | 46.32 | 6.93% | $23.16 | $0.5 |
VNO Price vs fair value
VNO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, VNO's PE ratio is below the 3, 5 and 10-year averages.
PE comparison
With a P/E of 9.84, VNO is below the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 23.85, Vornado Realty Trust's P/E is 59% lower.
VNO PE vs peers
VNO's PE ratio is lower than its peer stocks GOOGL and HD, but it is greater than KSS's. Vornado Realty Trust is presently trading at a lower PE ratio (9.84) than its peer group average of 18.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| KSS KOHLS Corp | 7.21 | $1.99B |
| VNO Vornado Realty Trust | 9.86 | $7.08B |
| LOW Lowes Companies Inc | 18.04 | $119.73B |
| HD Home Depot Inc | 22.99 | $323.51B |
| GOOGL Alphabet Inc | 26.14 | $4.19T |
| BA Boeing Co | 84.32 | $170.83B |
Frequently asked questions
What is Vornado Realty Trust's PE ratio?
The price to earnings ratio for VNO stock as of Jun 22, 2026, stands at 9.84.
What is the 3-year average PE ratio for Vornado Realty Trust (VNO)?
As an average over the last 3 years, VNO stock has a PE ratio of 192.19.
What is the 5-year average PE ratio for Vornado Realty Trust (VNO)?
As an average over the last 5 years, VNO stock has a PE ratio of 151.39.
What is the highest PE ratio for VNO?
In the last ten years, the Dec 2024 quarter recorded the highest quarterly PE ratio at 1,051.
How does the current PE ratio for VNO compare to its historical average?
VNO's price to earnings ratio is currently 89% below its 10-year historical average.
Why is Vornado Realty Trust's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is VNO's PE ratio calculated (Vornado Realty Trust PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 22, 2026), Vornado Realty Trust's stock price is $37.58. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.82. Therefore, Vornado Realty Trust's P/E ratio for today is 9.84. PE RATIO(9.84) = STOCK PRICE($37.58) / TTM EPS($3.82)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.