Pricing Log in Create free account
Saturday 7 November 2026 Export VNO’s income statement to Excel — free account

Vornado Realty Trust

VNO Real Estate Reit Office

Vornado Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 1.27% from fiscal 2024.

Revenue
+3.08%
EPS
−510.0%
Free cash flow
+35.9%
Total debt
+3.66%

Quarter to September 2026, against a year earlier

35.79 0.08 −0.22%
Market cap
$7.3B
P/E
0.0×
Fwd P/E
−67.7×
Dividend yield
2.07%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Vornado Realty Trust (VNO) P/S ratio

Alert me on P/S ratio

As of 6 November 2026, Vornado Realty Trust (VNO) trades at a P/S ratio of 3.6×. Over the past ten years it has ranged from 1.3× (May 2023) to 8.6× (December 2016); the current reading is higher than 25% of that period. That is above the Reit Office industry median of 2.8× and above the Real Estate sector median of 2.9×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 3.5× (21.33%)
FY2024 4.5× 48.04%
FY2023 3.0× 35.08%
FY2022 2.2× (55.59%)
FY2021 5.0× 8.01%
FY2020 4.7× (29.14%)
FY2019 6.6× 20.89%
FY2018 5.5× (22.44%)
FY2017 7.0× (11.88%)
FY2016 8.0× 4.09%

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.4× (14.65%)
Jun 2026 4.0× 47.62%
Mar 2026 2.7× (22.66%)
Dec 2025 3.5× (17.83%)
43 more quarters

Against its own ten years

Low 1.3× High 8.6×
Ten-year median 5.4×
Current reading's percentile 27

P/S ratio against peers

Company P/S ratio
DEI Douglas Emmett, Inc. compare 1.7×
ARE Alexandria Real Estate Equities, Inc. compare 2.8×
BXP BXP, Inc. compare 2.9×
SLG SL Green Realty Corporation compare 3.6×
VNO Vornado Realty Trust 3.6×
KRC Kilroy Realty Corporation compare 3.8×
HIW Highwoods Properties, Inc. compare 4.1×
CDP COPT Defense Properties compare 4.6×
CUZ Cousins Properties Incorporated compare 4.6×
Reit Office industry median 2.8×
Real Estate sector median 2.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on VNO