Start with its own history
At 11.97×, GOOD is 94.6% below its 4-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · GOODREIT - DiversifiedUpdated Nov 5, 2026
Gladstone Commercial Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
11.97×
94.6% belowthe 4-observation annual average
Share price10.89
÷Earnings per share0.91
Price and EPS in quote currency. Calculation details
Investors are paying 11.97 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 221.45×
3-year average44.24×2 positive annual observations
5-year average44.24×2 positive annual observations
10-year average221.45×4 positive annual observations
Peer median · TTM22.54×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 23 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 26.02× | -58.3% |
| Dec 31, 2024 | 62.46× | N/M |
| Dec 31, 2023 | N/M | N/M |
| Dec 31, 2022 | N/M | N/M |
| Dec 31, 2021 | N/M | N/M |
| Dec 31, 2020 | 200.00× | N/M |
| Dec 31, 2019 | N/M | N/M |
| Dec 31, 2018 | 597.33× | N/M |
View all 23 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | N/M | N/M |
| Dec 31, 2016 | N/M | N/M |
| Dec 31, 2015 | N/M | N/M |
| Dec 31, 2014 | N/M | N/M |
| Dec 31, 2013 | N/M | N/M |
| Dec 31, 2012 | 54.39× | -53.5% |
| Dec 31, 2011 | 117.00× | -44.1% |
| Dec 31, 2010 | 209.22× | -6.4% |
| Dec 31, 2009 | 223.50× | +162.9% |
| Dec 31, 2008 | 85.00× | +16.3% |
| Dec 31, 2007 | 73.08× | +1.6% |
| Dec 31, 2006 | 71.93× | +104.9% |
| Dec 31, 2005 | 35.11× | -56.9% |
| Dec 31, 2004 | 81.43× | N/M |
| Dec 31, 2003 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How GOOD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 GOOD This stockGladstone Commercial Corporation | 11.97× |
 BNLBroadstone Net Lease, Inc. | 23.72× |
 EPRTEssential Properties Realty Trust, Inc. | 22.68× |
 WPCW. P. Carey Inc. | 22.54× |
 OLPOne Liberty Properties, Inc. | 21.06× |
 CTOCTO Realty Growth, Inc. | 17.95× |
 JBGSJBG SMITH Properties | N/M |
 AATAmerican Assets Trust, Inc. | 62.76× |
 BXPBXP, Inc. | 19.69× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does GOOD’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 22.54×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take GOOD into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("GOOD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 10.89 ÷ EPS 0.91 = 11.97×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
GOOD P/E ratio: common questions
The essentials behind the numbers.
Gladstone Commercial Corporation's current P/E is 11.97× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.