NNN P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NNN's p/e ratio is lower than 83% of the last 10 years.
P/E ratio History
NNN P/E ratio by year
Yearly range of NNN’s p/e ratio from 2016 to 2026. Over the full period it ranged from 16.3 to 42.9, averaging 26.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.1 | 21.5 | 24.3 | 20.4 |
| 2025 | 17.6 | 19.6 | 21.0 | 19.1 |
| 2024 | 18.1 | 19.9 | 22.8 | 19.0 |
| 2023 | 16.3 | 21.1 | 25.6 | 20.2 |
| 2022 | 22.0 | 26.7 | 32.1 | 26.1 |
| 2021 | 29.5 | 35.4 | 42.9 | 31.8 |
| 2020 | 16.9 | 28.3 | 37.6 | 33.7 |
| 2019 | 28.5 | 35.9 | 42.4 | 34.4 |
| 2018 | 21.6 | 25.1 | 29.6 | 29.2 |
| 2017 | 28.2 | 30.9 | 35.0 | 30.8 |
| 2016 | 32.5 | 33.9 | 36.2 | 35.1 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is NNN P/E ratio High or Low Right Now?
NNN REIT, Inc.'s P/E ratio is currently 20.4, which is historically cheap relative to its 10-year historical range. The 10-year median P/E ratio for NNN is approximately 25.7. See all NNN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.