<div id="readability-page-1"><div><ul> <li>If you are wondering whether Getty Realty is still fairly priced after its recent run, or if the market is overlooking something in this REIT, this article explains what the current share price might imply about its value.</li> <li>The stock recently closed at US$31.41, with a 4.9% decline over the last 7 days, a 5.3% gain over 30 days, and returns of 14.0% year to date, 11.1% over 1 year, 8.8% over 3 years, and 49.9% over 5 years.</li> <li>Recent headlines around Getty Realty have focused on its role as a net lease REIT, its exposure to convenience stores and gas stations, and how investors think about these properties as the energy mix evolves. This context helps frame why the market may be reassessing both its risk profile and its income potential.</li> <li>On our checks, Getty Realty scores a 5/6 valuation rating. This sets up a useful comparison across approaches such as discounted cash flow, earnings multiples, and asset based metrics. We will also look at a broader way to think about value that ties everything together at the end.</li> </ul> <p>Find out why Getty Realty's 11.1% return over the last year is lagging behind its peers.</p> <h2>Approach 1: Getty Realty Discounted Cash Flow (DCF) Analysis</h2> <p>The DCF model here projects Getty Realty’s adjusted funds from operations into the future and then discounts those cash flows back to today, in order to estimate what the business could be worth in $ right now.</p> <p>On this model, Getty Realty’s latest twelve month free cash flow is about $137.4 million. Using analyst inputs for the next few years, then extending those trends further out, Simply Wall St’s model projects free cash flow rising to about $258.6 million in 2035. All of these figures are in $ and use a two stage Free Cash Flow to Equity approach based on adjusted funds from operations.</p> <p>When those projected cash flows are discounted back to today, the DCF model arrives at an estimated intrinsic value of about $63.40 per share. Compared with the recent share price of $31.41, the model implies the stock is around 50.5% undervalued on this set of assumptions.</p> <p><strong>Result: UNDERVALUED</strong></p> <p>Our Discounted Cash Flow (DCF) analysis suggests Getty Realty is undervalued by 50.5%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/dcf/query-ZGF0ZT0yMDI2LTAyLTE5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/dcf/query-ZGF0ZT0yMDI2LTAyLTE5"/><figcaption>GTY Discounted Cash Flow as at Feb 2026</figcaption></figure> <p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Getty Realty.</p> <h2>Approach 2: Getty Realty Price vs Earnings</h2> <p>For a profitable company, the P/E ratio is a straightforward way to see how much you are paying for each dollar of current earnings. It links the share price directly to the earnings that support dividends and reinvestment, which is why many investors watch it closely.</p> <p>What counts as a &#34;normal&#34; P/E depends on how the market views a company’s growth prospects and risk. Higher expected growth or lower perceived risk can justify a higher P/E, while slower expected growth or higher risk usually point to a lower one.</p> <p>Getty Realty currently trades on a P/E of 26.36x. That sits below the Retail REITs industry average of 27.71x and below the peer group average of 29.18x. Simply Wall St also calculates a proprietary &#34;Fair Ratio&#34; of 34.87x for Getty Realty, which is the P/E you might expect given its earnings profile, industry, margins, size and risk factors.</p> <p>This Fair Ratio is more tailored than a simple peer or industry comparison because it adjusts for company specific characteristics rather than assuming all REITs deserve the same multiple. With the current P/E of 26.36x sitting well below the Fair Ratio of 34.87x, this approach points to the shares being undervalued on earnings.</p> <p><strong>Result: UNDERVALUED</strong></p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAyLTE5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAyLTE5"/><figcaption>NYSE:GTY P/E Ratio as at Feb 2026</figcaption></figure> <p>P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 22 top founder-led companies.</p> <h3>Upgrade Your Decision Making: Choose your Getty Realty Narrative</h3> <p>Earlier we mentioned that there is an even better way to understand valuation. On Simply Wall St’s Community page you can use Narratives to write your own story for Getty Realty, link that story to assumptions for future revenue, earnings, margins and a fair value, see how that fair value compares with the current price to decide whether you think the stock is attractive or not, and watch your view update automatically when new earnings or news arrive. This is why one investor might build a Narrative that leans on the higher analyst expectations for 2028 earnings of US$92.5 million and a P/E of 26.9x, while another leans on the lower US$72.5 million earnings view, yet both can clearly see how their different stories translate into different fair values.</p> <p>Do you think there's more to the story for Getty Realty? Head over to our Community to see what others are saying!</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/quote-price/query-ZGF0ZT0yMDI2LTAyLTE5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/998caf55-391a-4030-ab69-208f10f87da1/chart/quote-price/query-ZGF0ZT0yMDI2LTAyLTE5"/><figcaption>NYSE:GTY 1-Year Stock Price Chart</figcaption></figure> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>Manage All Your Stock Portfolios in One Place</h3><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p><p>• Connect an unlimited number of Portfolios and see your total in one currency<br/>• Be alerted to new Warning Signs or Risks via email or mobile<br/>• Track the Fair Value of your stocks<br/></p><p>Try a Demo Portfolio for Free</p></div></div></div>

<p>Getty Realty (GTY) is currently trading at $31.41, showing a 4.9% decline over the past week but a 14.0% gain year-to-date. A Discounted Cash Flow (DCF) analysis suggests the stock is undervalued by 50.5%, with an intrinsic value of $63.40 per share. Additionally, its P/E ratio of 26.36x is below the industry average, indicating further undervaluation. Investors are encouraged to consider the company's growth prospects and risk factors when evaluating its attractiveness as an investment.</p>

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Is Getty Realty (GTY) Still Attractively Priced After Its Recent Share Price Run?