UMH Properties Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: UMH ($19.15) is trading below our estimate of fair value ($32.84)

Significantly Below Fair Value: UMH is trading below fair value by more than 20%.


Key Valuation Metric

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

Key metric: As UMH is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for UMH. This is calculated by dividing UMH's market cap by their current revenue.
What is UMH's PS Ratio?
PS Ratio6.4x
SalesUS$235.20m
Market CapUS$1.54b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for UMH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
ELS Equity LifeStyle Properties
8.9x4.4%US$14.2b
BHM Bluerock Homes Trust
1xn/aUS$186.9m
AMH American Homes 4 Rent
8.2x5.8%US$15.8b
SUI Sun Communities
5x5.2%US$16.5b
UMH UMH Properties
6.4x5.3%US$1.5b

Price-To-Sales vs Peers: UMH is expensive based on its Price-To-Sales Ratio (6.4x) compared to the peer average (5.8x).


Price to Sales Ratio vs Industry

How does UMH's PS Ratio compare vs other companies in the US Residential REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
CLPR Clipper Realty
0.6x7.7%US$217.06m
No more companies available in this PS range
UMH 6.4xIndustry Avg. 5.9xNo. of Companies5PS03.67.210.814.418+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: UMH is expensive based on its Price-To-Sales Ratio (6.4x) compared to the North American Residential REITs industry average (5.9x).


Price to Sales Ratio vs Fair Ratio

What is UMH'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.

UMH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: UMH is expensive based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).


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 UMH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.15
US$21.81
+13.9%
6.8%US$25.00US$20.00n/a8
Nov ’25US$18.21
US$21.63
+18.8%
7.0%US$25.00US$20.00n/a8
Oct ’25US$19.44
US$21.57
+11.0%
7.5%US$25.00US$20.00n/a7
Sep ’25US$19.46
US$21.57
+10.9%
7.5%US$25.00US$20.00n/a7
Aug ’25US$18.11
US$18.86
+4.1%
8.8%US$21.50US$17.00n/a7
Jul ’25US$16.04
US$18.50
+15.3%
8.3%US$21.50US$17.00n/a6
Jun ’25US$15.12
US$18.50
+22.4%
8.3%US$21.50US$17.00n/a6
May ’25US$15.80
US$18.50
+17.1%
9.9%US$21.50US$16.00n/a6
Apr ’25US$15.94
US$18.50
+16.1%
9.9%US$21.50US$16.00n/a6
Mar ’25US$15.86
US$18.60
+17.3%
9.4%US$20.00US$16.00n/a5
Feb ’25US$15.10
US$18.60
+23.2%
9.4%US$20.00US$16.00n/a5
Jan ’25US$15.32
US$18.60
+21.4%
9.4%US$20.00US$16.00n/a5
Dec ’24US$14.55
US$18.60
+27.8%
9.4%US$20.00US$16.00n/a5
Nov ’24US$13.88
US$19.70
+41.9%
7.5%US$22.00US$17.50US$18.215
Oct ’24US$14.02
US$19.70
+40.5%
7.5%US$22.00US$17.50US$19.445
Sep ’24US$14.95
US$19.75
+32.1%
6.8%US$22.00US$17.50US$19.466
Aug ’24US$16.54
US$19.33
+16.9%
8.3%US$22.00US$17.00US$18.116
Jul ’24US$15.98
US$19.29
+20.7%
7.7%US$22.00US$17.00US$16.047
Jun ’24US$15.34
US$19.29
+25.7%
7.7%US$22.00US$17.00US$15.127
May ’24US$15.24
US$19.31
+26.7%
7.9%US$22.00US$16.50US$15.808
Apr ’24US$14.79
US$20.00
+35.2%
5.0%US$22.00US$19.00US$15.948
Mar ’24US$15.79
US$20.75
+31.4%
4.7%US$22.00US$19.00US$15.868
Feb ’24US$18.32
US$20.88
+13.9%
4.4%US$22.00US$19.00US$15.108
Jan ’24US$16.10
US$21.44
+33.2%
9.7%US$26.50US$19.00US$15.328
Dec ’23US$17.41
US$21.50
+23.5%
10.3%US$26.50US$19.00US$14.557
Nov ’23US$17.51
US$24.00
+37.1%
13.4%US$28.00US$19.00US$13.887

Analyst Forecast: Target price is less than 20% higher than the current share price.


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