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Phillips Edison & Company, Inc. PECO

Nasdaq · reit · Real Estate Investment Trusts · website · IPO 2020-07-20 · LEI

Phillips Edison & Company, Inc. statistics & valuation

Market cap$5.9B
P / E52.6×
P / S8.1×
P / B2.3×
Dividend yield2.69%
Net margin15.3%
Return on equity4.3%
Net debt$2.4B
Enterprise value USD$8.2B
Graham number -52.2%$19.32

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($19.32); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.50% -12.30% 9.10% -11.80% 1.00% 2.80% 8.40% 9.30% 9.50% 15.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
0.70% -2.60% 1.60% -2.90% 0.20% 0.60% 1.90% 2.10% 2.40% 4.30% 2016201720182019202020212022202320242025
Shares outstanding
186.7M 196.5M 279.8M 289.0M 111.2M 116.7M 130.3M 133.0M 136.8M 138.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.05B $1.80B $2.42B $2.34B $2.19B $1.80B $1.89B $1.96B $2.10B $2.37B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.40% -1.10% 0.80% -1.30% 0.10% 0.30% 1.00% 1.20% 1.20% 2.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.86× 1.22× 1.01× 1.09× 1.14× 0.76× 0.73× 0.74× 0.80× 0.92× 2016201720182019202020212022202320242025
EPS ($)
-$0.67 $0.05 $0.15 $0.42 $0.48 $0.51 $0.89 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Phillips Edison & Company, Inc. trades at about 45.4× earnings — below its 10-year norm (10-year range 40.7×–210.1×, median 72.3×).

40.7× 210.1×

Shaded band = 10-year range (40.7×–210.1×); dot = today's 45.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin15.3%9.5%9.3%8.4%2.8%1.0%-11.8%9.1%-12.3%3.5%
Return on assets2.1%1.2%1.2%1.0%0.3%0.1%-1.3%0.8%-1.1%0.4%
Return on equity4.3%2.4%2.1%1.9%0.6%0.2%-2.9%1.6%-2.6%0.7%
Debt / equity0.92×0.80×0.74×0.73×0.76×1.14×1.09×1.01×1.22×0.86×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.