Getty Realty Corp (GTY) stock analysis
Close on Nov 12, 2026Market cap $1.90BP/E 17.2Yield 6.72%
StockData Score
Prices as of Nov 11, 2026How the score works
Solid16 of 30 checks passed
Getty Realty passes 16 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 4/6
- Past performance
- 5/6
- Financial health
- 0/6
- Dividend
- 4/6
What stands out
Trading below fair value
The share price of $28.43 is below our fair value estimate of $29.67.
Return on capital over 10%
Return on invested capital was 10.6%, above the 10% that usually covers the cost of capital.
Earnings grew over 5 years
Net income grew 2.7% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 10.2% a year over the last three fiscal years.
What to watch
Margin of safety under 20%
The price is 4.2% below fair value, less than the 20% cushion we look for.
Return on equity under 15%
Return on equity was 8.9% over the last twelve months and averaged 8.6% over five years; we look for 15% on both.
EPS growing under 10% a year
Diluted EPS grew -10.5% a year over the last three fiscal years.
Interest not well covered
Operating income covers interest expense 3.1 times; we look for at least 5.
Valuation3/6
P/E below its 5-year median
Getty Realty's P/E of 17.3 is below its own 5-year median of 21.6.
P/E above the industry
Getty Realty's P/E of 17.3 is above the Real estate median of 17.3.
EV/EBITDA below its 5-year median
Getty Realty's EV/EBITDA of 8.6 is below its 5-year median of 10.3.
P/B above the industry
Getty Realty's price-to-book of 1.49 is above the Real estate median of 0.84.
Trading below fair value
The share price of $28.43 is below our fair value estimate of $29.67.
Margin of safety under 20%
The price is 4.2% below fair value, less than the 20% cushion we look for.
Growth4/6
Revenue growing 10%+ a year
Revenue grew 10.2% a year over the last three fiscal years.
EPS growing under 10% a year
Diluted EPS grew -10.5% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 36.8% over the last twelve months, against a 5-year average of 2.7% a year.
Growing faster than the industry
Revenue grew 12.3% over the last twelve months; the Real estate median is 5.4%.
Guidance raised
Getty Realty raised its 2026 AFFO per diluted share outlook on Jul 22, 2026.
Gross margin trend
This company does not report gross profit.
Past performance5/6
Return on equity under 15%
Return on equity was 8.9% over the last twelve months and averaged 8.6% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 10.6%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Getty Realty's return on equity of 8.9% is above the Real estate median of 1.5%.
Earnings grew over 5 years
Net income grew 2.7% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 42.4% over the last twelve months, against a 5-year average of 39.6%.
Net margin above the industry
Getty Realty's net margin of 42.4% is above the Real estate median of 8.6%.
Financial health0/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest not well covered
Operating income covers interest expense 3.1 times; we look for at least 5.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 1.17; above 3 is the safe zone and below 1.8 the distress zone.
Dividend4/6
Pays a dividend
Getty Realty paid dividends worth 6.8% of the share price over the last twelve months.
Yield above Treasuries
The 6.8% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; Getty Realty yields 6.8%.
Dividend not cut
The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.
Not covered by earnings
Dividends take 117% of net income, leaving little room.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$29.67
The share price is 4% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 19.5× | 21.6× | 17.3× | $31.97 | 40% |
| EV/EBITDA | 9.3× | 10.3× | 8.4× | $30.68 | 35% |
| P/B | 1.3× | 1.8× | 0.8× | $24.72 | 10% |
| Earnings power | 7.4% cost of equity | – | – | $24.44 | 15% |
| Fair value | $29.67 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 21.6
- Real estate median 17.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $16.28M
- Value traded per 1% price move
- $18.98M
Downside
Low risk
- Typical loss in a bad month
- 14.0%
- Volatility (annualized)
- 21%
- Sharpe ratio, 1 year
- 0.00
- Beta to the S&P 500 (5Y)
- 0.38
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.0% | +10.2% | +8.5% | +7.2% | |
| Operating income | +15.5% | +2.6% | +10.9% | +14.3% | |
| Net income | +11.4% | -4.2% | +2.7% | +7.8% | |
| EPS, diluted | +8.0% | -10.5% | -3.6% | +2.0% | |
| Dividend per share | +4.4% | +4.6% | +4.8% | +5.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.2% | 11.1% | 7.8% | |
| Return on assets | 4.3% | 5.4% | 3.8% | |
| Interest coverage | 3.3× | 2.9× | 2.7× | |
| Diluted shares | 34M | 42M | 56M |
Cash use needs five years of cash flow figures
Getty Realty does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 35.7% | 0.11× | 2.04× | 7.8% |
| FY2024 | 34.9% | 0.11× | 1.98× | 7.4% |
| FY2023 | 32.4% | 0.11× | 1.97× | 7.0% |
| FY2022 | 54.4% | 0.11× | 2.01× | 12.0% |
| FY2021 | 40.4% | 0.11× | 2.01× | 8.9% |
| FY2020 | 47.1% | 0.12× | 2.05× | 11.1% |
| FY2019 | 35.4% | 0.12× | 2.03× | 8.5% |
| FY2018 | 35.1% | 0.12× | 1.97× | 8.4% |
| FY2017 | 39.3% | 0.12× | 1.98× | 9.6% |
| FY2016 | 33.3% | 0.13× | 2.12× | 9.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$79.19M
- Cash generatingOperating cash flow above zero$127.45M
- Return on assets improvedROA up on the prior year3.9% → 4.0%
- Earnings backed by cashOperating cash flow above net income$127.45M vs $79.19M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise55M → 56M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.11 → 0.11
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