Farmland Partners
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
619.4290.33
Price/Sales ratio
8.617.99
Earnings per Share (EPS)
$0.01$0.12

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-77.9285.9834.2534.0511.91-34.30-24.46-68.4354.3820.2829.9811.91
Price/Sales ratio
10.497.674.755.832.603.815.048.0010.3710.919.552.60
Price/Book Value ratio
0.660.970.910.570.330.460.590.901.091.211.090.33
Price/Cash Flow ratio
24.8313.7129.23290.077.2911.3612.9552.6937.2348.6562.587.29
Price/Free Cash Flow ratio
25.5013.71-1.16-13.0520.2217.9214.9780.4849.5848.6586.1820.22
Price/Earnings Growth ratio
0.04-0.532.74-0.510.010.22-0.301.29-0.280.08-0.290.22
Dividend Yield
3.74%4.19%4.47%7.77%18.48%9.12%7.15%3.96%2.30%2.46%12.01%12.01%
Profitability Indicator Ratios
Gross Profit Margin
94.10%91.97%92.32%87.24%86.02%83.52%78.81%82.88%76.87%76.65%68.29%83.52%
Operating Profit Margin
13.20%45.19%50.42%48.74%52.95%49.16%44.05%32.44%40.80%54.81%44.56%49.16%
Pretax Profit Margin
-15.91%12.34%19.38%19.81%25.04%27.72%14.85%19.77%19.91%54.84%32.54%25.04%
Net Profit Margin
-13.47%8.92%13.87%17.12%21.85%-11.13%-20.61%-11.69%19.07%53.79%31.63%21.85%
Effective Tax Rate
15.35%0.58%0.18%13.58%12.72%140.14%238.73%159.11%1.86%-0.52%0.21%140.14%
Return on Assets
-0.28%0.35%0.65%0.67%1.07%-0.54%-0.95%-0.53%1.00%3.02%1.79%1.07%
Return On Equity
-0.85%1.13%2.65%1.68%2.79%-1.36%-2.43%-1.31%2.01%5.99%3.61%2.79%
Return on Capital Employed
0.28%1.85%2.42%1.95%2.63%2.41%2.07%1.51%2.18%3.17%2.56%2.56%
Liquidity Ratios
Current Ratio
15.195.685.415.883.462.232.48N/AN/AN/A2.362.23
Quick Ratio
9.582.875.424.483.362.102.402.701.961.572.162.10
Cash ratio
9.322.434.193.271.471.001.791.800.400.180.571.00
Days of Sales Outstanding
44.9693.2682.69129.59117.2670.0646.5777.68172.78247.27139.12117.26
Days of Inventory outstanding
N/A82.2143.417.7915.8864.1137.97126.0772.4063.5354.9515.88
Operating Cycle
44.96175.47126.11137.39133.14134.1784.54203.76245.18310.80194.08133.14
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
44.96175.47126.11137.39133.14134.1784.54203.76245.18310.80194.08133.14
Debt Ratios
Debt Ratio
0.560.540.470.440.450.410.460.350.370.350.330.41
Debt Equity Ratio
1.711.721.901.091.191.051.170.870.750.690.681.05
Long-term Debt to Capitalization
0.630.630.650.520.540.510.540.460.420.410.400.51
Total Debt to Capitalization
0.630.630.650.520.540.510.540.460.420.410.400.51
Interest Coverage Ratio
0.541.401.821.721.581.341.26N/AN/AN/A1.231.34
Cash Flow to Debt Ratio
0.010.040.010.000.030.030.030.010.030.030.020.03
Company Equity Multiplier
3.023.184.042.482.592.522.532.441.991.982.022.52
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.420.550.160.020.350.330.380.150.270.220.150.33
Free Cash Flow / Operating Cash Flow Ratio
0.971-25.14-22.220.360.630.860.650.7510.730.36
Cash Flow Coverage Ratio
0.010.040.010.000.030.030.030.010.030.030.020.03
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/A212.10N/AN/AN/AN/AN/A
Dividend Payout Ratio
-291.89%360.79%153.41%264.70%220.30%-313.01%-174.94%-271.31%125.37%50.08%133.33%133.33%