Getty Realty Corp. (GTY) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+225.7%

$92.01

vs $28.25 price

Levered DCF

$62.62

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.96

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	20.27×	23.91×	25.19×	18.01×	23.42×	17×	76.44×	24.71×
P/B	1.44×	1.7×	1.53×	2.08×	1.93×	1.76×	2.29×	2.03×
P/S	6.95×	8.04×	7.86×	9.55×	9.25×	7.86×	9.6×	8.68×
EV / EBITDA	13.78×	14.91×	15.6×	15.81×	18.12×	15.35×	17.8×	16.82×
Gross margin	40.2%	92.7%	87.2%	87.0%	85.8%	84.0%	82.2%	82.6%
Operating margin	54.9%	54.0%	49.0%	70.8%	55.6%	51.3%	47.5%	50.0%
Net margin	35.7%	34.9%	32.4%	54.4%	40.4%	47.1%	35.4%	35.1%
Current ratio	29.85×	0.35×	2.19×	1.19×	1.84×	1.73×	1.42×	0.93×
Debt / equity	0.98×	0.96×	0.81×	0.94×	0.82×	0.88×	0.84×	0.76×
Interest coverage	2.63×	2.8×	2.89×	4.24×	3.5×	2.9×	2.71×	3.04×
Dividend yield	7.0%	6.1%	5.9%	4.9%	4.9%	5.4%	4.2%	4.3%
Payout ratio	137.2%	141.0%	144.6%	86.9%	112.6%	90.3%	114.4%	105.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.4%	7.4%	6.3%	11.9%	8.4%	10.5%	8.4%	8.2%
Return on invested capital	40.5%	5.8%	5.4%	7.9%	6.4%	6.1%	6.2%	6.7%
Return on assets	3.6%	3.6%	3.3%	5.8%	4.3%	5.1%	4.1%	4.1%
Free cash flow yield	8.2%	7.9%	7.2%	5.9%	6.0%	7.1%	5.7%	5.0%
Earnings yield	5.1%	4.3%	4.1%	5.7%	4.4%	6.0%	3.7%	4.0%
Enterprise value	$2.6B	$2.5B	$2.2B	$2.3B	$2B	$1.7B	$1.8B	$1.6B
Net debt / EBITDA	5.56×	5.33×	5.38×	4.88×	5.24×	4.77×	4.62×	4.21×
Cash conversion cycle (days)	184	-943	-84	-151	-145	-129	-288	-174