Gladstone Commercial Corporation

NasdaqGS:GOOD Stock Report

Mkt Cap: US$670.4m

We’ve recently updated our valuation analysis.

Gladstone Commercial Valuation

Is GOOD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GOOD?

Other financial metrics that can be useful for relative valuation.

GOOD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.6x
Enterprise Value/EBITDA15.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GOOD's PS Ratio compare to its peers?

The above table shows the PS ratio for GOOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.1x
OLP One Liberty Properties
5.9x1.3%US$507.9m
NXDT NexPoint Diversified Real Estate Trust
5.1xn/aUS$494.4m
AHH Armada Hoffler Properties
2.3x-1.5%US$1.1b
STAR iStar
2.7x-13.2%US$809.8m
GOOD Gladstone Commercial
4.5x2.5%US$670.4m


Price to Earnings Ratio vs Industry

How does GOOD's PE Ratio compare vs other companies in the US REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a


Price to Sales Ratio vs Fair Ratio

What is GOOD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GOOD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.5x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: GOOD is expensive based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).


Share Price vs Fair Value

What is the Fair Price of GOOD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GOOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$16.70
US$18.88
+13.0%
6.0%US$20.00US$17.50n/a4
Feb ’24US$16.89
US$18.88
+11.8%
6.0%US$20.00US$17.50n/a4
Jan ’24US$18.50
US$19.50
+5.4%
5.7%US$21.00US$18.00n/a4
Dec ’23US$18.68
US$19.50
+4.4%
5.7%US$21.00US$18.00n/a4
Nov ’23US$17.56
US$22.00
+25.3%
10.7%US$24.00US$18.00n/a4
Oct ’23US$15.50
US$23.00
+48.4%
3.1%US$24.00US$22.00n/a4
Sep ’23US$18.80
US$23.00
+22.3%
3.1%US$24.00US$22.00n/a4
Aug ’23US$20.78
US$23.60
+13.6%
6.9%US$26.00US$22.00n/a5
Jul ’23US$18.94
US$23.60
+24.6%
6.9%US$26.00US$22.00n/a5
Jun ’23US$20.33
US$23.60
+16.1%
6.9%US$26.00US$22.00n/a5
May ’23US$21.04
US$25.00
+18.8%
3.6%US$26.00US$24.00n/a5
Apr ’23US$22.36
US$25.00
+11.8%
3.6%US$26.00US$24.00n/a5
Mar ’23US$21.27
US$25.25
+18.7%
3.3%US$26.00US$24.00n/a4
Feb ’23US$23.15
US$25.60
+10.6%
1.9%US$26.00US$25.00US$16.895
Jan ’23US$25.77
US$25.60
-0.7%
1.9%US$26.00US$25.00US$18.505
Dec ’22US$21.93
US$25.60
+16.7%
1.9%US$26.00US$25.00US$18.685
Nov ’22US$22.00
US$25.60
+16.4%
1.9%US$26.00US$25.00US$17.565
Oct ’22US$21.40
US$25.60
+19.6%
1.9%US$26.00US$25.00US$15.505
Sep ’22US$22.74
US$25.60
+12.6%
1.9%US$26.00US$25.00US$18.805
Aug ’22US$23.18
US$24.20
+4.4%
4.8%US$26.00US$23.00US$20.785
Jul ’22US$22.58
US$24.20
+7.2%
4.8%US$26.00US$23.00US$18.945
Jun ’22US$21.95
US$22.70
+3.4%
1.8%US$23.00US$22.00US$20.335
May ’22US$21.04
US$21.60
+2.7%
3.7%US$23.00US$21.00US$21.045
Apr ’22US$20.05
US$21.00
+4.7%
3.0%US$22.00US$20.00US$22.365
Mar ’22US$19.05
US$21.00
+10.2%
3.0%US$22.00US$20.00US$21.275
Feb ’22US$17.84
US$20.20
+13.2%
2.0%US$21.00US$20.00US$23.155


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