Vornado Realty Trust

VNO US Real Estate Office REITs
S&P 400
$35.44
+3.11%
Delayed · cached 15 min

Fair value analysis

VNO
Vornado Realty Trust
Real EstateOffice REITs
$35.44
Close used for this calculation
$59.00Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
75/100
Profitability17/25
Returns21/25
Balance Sheet14/25
Efficiency23/25
Growth12/25
Strong
Quality radar
75Prof.17/25Ret.21/25Eff.23/25B.Sht14/25Growth12/25

Consensus fair value

$59.00
Below FV
▲ +66.5% against the close used
Model range $4.20 – $84.00
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear$4.20Fair value$59.00Bull$84.00
FairClose
52-week traded range
52W low $24.7152W high $42.97

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

Vornado Realty Trust closed at $35.44, 39.9% below the consensus fair value of $59.00 drawn from 9 valuation models.

Financial DNA score 75/100 — Strong. P/E of 8.4x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
$52.59
+48.4%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=1%, r=10%, tg=3%, n=10yr
Graham Number
$53.05
+49.7%
√(22.5 × EPS × BVPS)
EPS=4.2, BVPS=29.78
P/E Fair Value
$84.00
+137.0%
EPS × 20x (sector P/E)
EPS=4.2, Sector P/E=20x
Peter Lynch (PEG)
$4.20
-88.1%
EPS × Growth% (PEG = 1 is fair)
EPS=4.2, g=1%
EV/EBITDA
$63.18
+78.3%
(EBITDA × 10.5x − Net Debt) ÷ Shares
EBITDA=1.43B
Dividend Discount (DDM)
$9.44
-73.4%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=0.74, r=10%, g=2%
Book Value (P/B)
$53.78
+51.7%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=29.78, ROE=15.6%, g=3%, r=10%
Reverse DCF
$35.44
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -4.7% | Historical: 1%
Margin of Safety
$47.41
+33.8%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=63.21, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.