Innovative Industrial Properties Inc (IIPR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 12.06 is considered Undervalued compared with the five-year average of 22.12. The fair price of Innovative Industrial Properties Inc (IIPR) is between 56.83 to 129.85 according to relative valuation method. Compared to the current price of 52.87 USD , Innovative Industrial Properties Inc By Undervalued By 6.96%.

Relative Value

Fair Zone

56.83-129.85

Current Price：52.87

6.96%

Undervalued

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

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Innovative Industrial Properties Inc (IIPR) has a current Price-to-Book (P/B) ratio of 0.76. Compared to its 3-year average P/B ratio of 1.20, the current P/B ratio is approximately -36.53% higher. Relative to its 5-year average P/B ratio of 1.78, the current P/B ratio is about -57.31% higher. Innovative Industrial Properties Inc (IIPR) has a Forward Free Cash Flow (FCF) yield of approximately 14.87%. Compared to its 3-year average FCF yield of 11.40%, the current FCF yield is approximately 30.37% lower. Relative to its 5-year average FCF yield of 8.78%, the current FCF yield is about 69.37% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for IIPR competitors is 5.64, providing a benchmark for relative valuation. Innovative Industrial Properties Inc Corp (IIPR.N) exhibits a P/S ratio of 5.24, which is -7.13% above the industry average. Given its robust revenue growth of -13.14%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of IIPR increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of IIPR in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is IIPR currently overvalued or undervalued?

Innovative Industrial Properties Inc (IIPR) is now in the Undervalued zone, suggesting that its current forward PE ratio of 12.06 is considered Undervalued compared with the five-year average of 22.12. The fair price of Innovative Industrial Properties Inc (IIPR) is between 56.83 to 129.85 according to relative valuation method. Compared to the current price of 52.87 USD, Innovative Industrial Properties Inc is Undervalued By 6.96%.

What is Innovative Industrial Properties Inc (IIPR) fair value?

IIPR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of Innovative Industrial Properties Inc (IIPR) is between 56.83 to 129.85 according to relative valuation method.

How does IIPR's valuation metrics compare to the industry average?

The average P/S ratio for IIPR's competitors is 5.64, providing a benchmark for relative valuation. Innovative Industrial Properties Inc Corp (IIPR) exhibits a P/S ratio of 5.24, which is -7.13% above the industry average. Given its robust revenue growth of -13.14%, this premium appears unsustainable.

What is the current P/B ratio for Innovative Industrial Properties Inc (IIPR) as of Mar 02 2026?

As of Mar 02 2026, Innovative Industrial Properties Inc (IIPR) has a P/B ratio of 0.76. This indicates that the market values IIPR at 0.76 times its book value.

What is the current FCF Yield for Innovative Industrial Properties Inc (IIPR) as of Mar 02 2026?

As of Mar 02 2026, Innovative Industrial Properties Inc (IIPR) has a FCF Yield of 14.87%. This means that for every dollar of Innovative Industrial Properties Inc's market capitalization, the company generates 14.87 cents in free cash flow.

What is the current Forward P/E ratio for Innovative Industrial Properties Inc (IIPR) as of Mar 02 2026?

As of Mar 02 2026, Innovative Industrial Properties Inc (IIPR) has a Forward P/E ratio of 12.06. This means the market is willing to pay $12.06 for every dollar of Innovative Industrial Properties Inc's expected earnings over the next 12 months.

What is the current Forward P/S ratio for Innovative Industrial Properties Inc (IIPR) as of Mar 02 2026?

As of Mar 02 2026, Innovative Industrial Properties Inc (IIPR) has a Forward P/S ratio of 5.24. This means the market is valuing IIPR at $5.24 for every dollar of expected revenue over the next 12 months.

IIPR Valuation