VORNADO REALTY TRUST (VNO) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:VNO • US9290421091
31.88 USD
+0.09 (+0.28%)
At close: Jan 30, 2026
31.88 USD
0 (0%)
After Hours: 1/30/2026, 8:23:30 PM
VNO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 124 industry peers in the Diversified REITs industry. Both the profitability and the financial health of VNO get a neutral evaluation. Nothing too spectacular is happening here. VNO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year VNO was profitable.
- VNO had a positive operating cash flow in the past year.
- In multiple years VNO reported negative net income over the last 5 years.
- In the past 5 years VNO always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 5.36%, VNO belongs to the top of the industry, outperforming 95.97% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 13.90%, VNO belongs to the top of the industry, outperforming 91.94% of the companies in the same industry.
- The Return On Invested Capital of VNO (1.44%) is worse than 76.61% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for VNO is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.36% | ||
| ROE | 13.9% | ||
| ROIC | 1.44% |
ROA(3y)-0.72%
ROA(5y)-0.74%
ROE(3y)-2.02%
ROE(5y)-1.95%
ROIC(3y)1.48%
ROIC(5y)1.27%
1.3 Margins
- VNO's Profit Margin of 46.48% is amongst the best of the industry. VNO outperforms 96.77% of its industry peers.
- VNO's Profit Margin has declined in the last couple of years.
- VNO's Operating Margin of 14.75% is on the low side compared to the rest of the industry. VNO is outperformed by 65.32% of its industry peers.
- VNO's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 49.19%, VNO is not doing good in the industry: 75.81% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of VNO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.75% | ||
| PM (TTM) | 46.48% | ||
| GM | 49.19% |
OM growth 3Y-1.7%
OM growth 5Y-7.8%
PM growth 3Y-58.25%
PM growth 5Y-68.97%
GM growth 3Y-1.17%
GM growth 5Y-1.66%
2. Health
2.1 Basic Checks
- VNO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- VNO has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, VNO has about the same amount of shares outstanding.
- VNO has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.31, we must say that VNO is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.31, VNO is doing worse than 62.90% of the companies in the same industry.
- The Debt to FCF ratio of VNO is 11.23, which is on the high side as it means it would take VNO, 11.23 years of fcf income to pay off all of its debts.
- VNO has a better Debt to FCF ratio (11.23) than 89.52% of its industry peers.
- A Debt/Equity ratio of 1.18 is on the high side and indicates that VNO has dependencies on debt financing.
- VNO's Debt to Equity ratio of 1.18 is in line compared to the rest of the industry. VNO outperforms 55.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 11.23 | ||
| Altman-Z | 0.31 |
ROIC/WACC0.23
WACC6.17%
2.3 Liquidity
- VNO has a Current Ratio of 1.67. This is a normal value and indicates that VNO is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.67, VNO is in the better half of the industry, outperforming 79.03% of the companies in the same industry.
- VNO has a Quick Ratio of 1.67. This is a normal value and indicates that VNO is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Quick ratio value of 1.67, VNO is doing good in the industry, outperforming 79.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 5900.00% over the past year.
- Measured over the past years, VNO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -57.97% on average per year.
- Looking at the last year, VNO shows a small growth in Revenue. The Revenue has grown by 2.41% in the last year.
- Measured over the past years, VNO shows a decrease in Revenue. The Revenue has been decreasing by -1.47% on average per year.
EPS 1Y (TTM)5900%
EPS 3Y-58.75%
EPS 5Y-57.97%
EPS Q2Q%160%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y4%
Revenue growth 5Y-1.47%
Sales Q2Q%2.36%
3.2 Future
- Based on estimates for the next years, VNO will show a very strong growth in Earnings Per Share. The EPS will grow by 68.63% on average per year.
- VNO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.98% yearly.
EPS Next Y10606%
EPS Next 2Y-58.27%
EPS Next 3Y8.08%
EPS Next 5Y68.63%
Revenue Next Year-0.56%
Revenue Next 2Y0.64%
Revenue Next 3Y1.79%
Revenue Next 5Y2.98%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 7.59, the valuation of VNO can be described as very cheap.
- 95.16% of the companies in the same industry are more expensive than VNO, based on the Price/Earnings ratio.
- VNO is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- The Forward Price/Earnings Ratio is negative for VNO. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.59 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- VNO's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, VNO is valued cheaper than 90.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.57 | ||
| EV/EBITDA | 16.41 |
4.3 Compensation for Growth
- VNO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y-58.27%
EPS Next 3Y8.08%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.45%, VNO is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.98, VNO pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, VNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.45% |
5.2 History
- The dividend of VNO decreases each year by -18.14%.
- VNO has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of VNO decreased recently.
Dividend Growth(5Y)-18.14%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- VNO pays out 24.09% of its income as dividend. This is a sustainable payout ratio.
DP24.09%
EPS Next 2Y-58.27%
EPS Next 3Y8.08%
VORNADO REALTY TRUST / VNO FAQ
What is the ChartMill fundamental rating of VORNADO REALTY TRUST (VNO) stock?
ChartMill assigns a fundamental rating of 5 / 10 to VNO.
What is the valuation status for VNO stock?
ChartMill assigns a valuation rating of 5 / 10 to VORNADO REALTY TRUST (VNO). This can be considered as Fairly Valued.
Can you provide the profitability details for VORNADO REALTY TRUST?
VORNADO REALTY TRUST (VNO) has a profitability rating of 4 / 10.
What are the PE and PB ratios of VORNADO REALTY TRUST (VNO) stock?
The Price/Earnings (PE) ratio for VORNADO REALTY TRUST (VNO) is 7.59 and the Price/Book (PB) ratio is 1.01.
What is the earnings growth outlook for VORNADO REALTY TRUST?
The Earnings per Share (EPS) of VORNADO REALTY TRUST (VNO) is expected to grow by 10606% in the next year.