<div id="readability-page-1"><div><ul> <li>If you are wondering whether EPR Properties is offering good value at its current price, this article will walk you through what the numbers are really saying about the stock.</li> <li>The shares last closed at US$57.56, with returns of 4.0% over 30 days, 13.4% year to date, 16.4% over 1 year, 83.3% over 3 years, and 67.3% over 5 years. These figures may influence how investors think about both its potential and its risks.</li> <li>Recent attention on EPR Properties has centered on its positioning as a real estate investment trust focused on experiential properties and how that focus fits investor preferences for income and real asset exposure. This backdrop helps explain why the stock's performance over the past few years is on many investors' radar.</li> <li>On our valuation checklist, EPR Properties scores a 5 out of 6. This sets up a useful comparison between methods like discounted cash flow, multiples, and asset based metrics, with an even more rounded way of thinking about valuation coming at the end of this article.</li> </ul> <p>EPR Properties delivered 16.4% returns over the last year. See how this stacks up to the rest of the Specialized REITs industry.</p> <h3>Approach 1: EPR Properties Discounted Cash Flow (DCF) Analysis</h3> <p>A DCF model takes the cash that a business is expected to generate in the future, then discounts those cash flows back to today to estimate what the entire company could be worth. For EPR Properties, this is based on adjusted funds from operations, which is commonly used for REITs.</p> <p>On this approach, EPR Properties is currently generating last twelve months free cash flow of about $398.2 million. Analysts and internal estimates project this to rise to $515.1 million by 2030, with a set of annual cash flow projections out to 2035 that are discounted back to today.</p> <p>When you add up all those discounted cash flows, the model arrives at an estimated intrinsic value of about $117.71 per share. Against the recent share price of $57.56, this implies the stock is trading at roughly a 51.1% discount to that DCF estimate. This highlights a wide gap between the cash flow based valuation and the current market price.</p> <p><strong>Result: UNDERVALUED</strong></p> <p>Our Discounted Cash Flow (DCF) analysis suggests EPR Properties is undervalued by 51.1%. Track this in your watchlist or portfolio, or discover 47 more high quality undervalued stocks.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/dcf/query-ZGF0ZT0yMDI2LTAzLTA2?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/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/dcf/query-ZGF0ZT0yMDI2LTAzLTA2"/><figcaption>EPR Discounted Cash Flow as at Mar 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 EPR Properties.</p> <h3>Approach 2: EPR Properties Price vs Earnings</h3> <p>For a profitable company, the P/E ratio is a straightforward way to see how much investors are paying for each dollar of earnings. It ties the share price directly to the bottom line, which makes it a useful cross check against a cash flow model.</p> <p>What counts as a “normal” P/E really depends on two things: growth expectations and risk. Higher expected earnings growth and lower perceived risk can justify a higher multiple, while slower growth or higher risk usually means a lower one is more reasonable.</p> <p>EPR Properties currently trades on a P/E of 17.56x. That sits close to the Specialized REITs industry average of about 16.09x and below the peer group average of 25.68x. Simply Wall St’s Fair Ratio for EPR Properties is 33.20x, which is its view of what the P/E could be given the company’s earnings growth profile, industry, profit margins, market cap and risk factors.</p> <p>This Fair Ratio is more tailored than a simple comparison with peers or the industry because it blends those context factors rather than looking at one dimension. Since the current 17.56x P/E is well below the 33.20x Fair Ratio, the shares screen as undervalued on this metric.</p> <p><strong>Result: UNDERVALUED</strong></p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTA2?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/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTAzLTA2"/><figcaption>NYSE:EPR P/E Ratio as at Mar 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 20 top founder-led companies.</p> <h3>Upgrade Your Decision Making: Choose your EPR Properties 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, where you or other investors set out a clear story for EPR Properties, tie that story to specific assumptions for future revenue, earnings and margins, translate it into a Fair Value, and then compare that Fair Value with today’s price. The platform updates the numbers when new news or earnings arrive. One investor might build a Narrative closer to the higher US$65.50 analyst target based on confidence in experiential assets and balance sheet strength, while another might anchor nearer the US$52.00 target if they are more focused on tenant risks and theaters. This gives you a transparent range of perspectives to weigh against your own view.</p> <p>Do you think there's more to the story for EPR Properties? 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/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/quote-price/query-ZGF0ZT0yMDI2LTAzLTA2?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/7a984d7a-723c-4140-853e-0ad4b72795f4/chart/quote-price/query-ZGF0ZT0yMDI2LTAzLTA2"/><figcaption>NYSE:EPR 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>Valuation is complex, but we're here to simplify it.</h3><p>Discover if EPR Properties might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p><p>Access Free Analysis</p></div></div></div>

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<p>EPR Properties (EPR) is currently priced at $57.56, showing strong returns of 16.4% over the past year and 51.1% undervalued according to a Discounted Cash Flow (DCF) analysis, which estimates an intrinsic value of $117.71 per share. The stock's P/E ratio stands at 17.56, below the industry average, indicating further undervaluation. Investors are encouraged to consider EPR's focus on experiential properties and its potential for future cash flow growth as they evaluate its investment prospects.</p>

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Is EPR Properties (EPR) Pricing Reflect Its Strong Multi‑Year Share Price Performance?