Using the PEG framework with analyst consensus forward EPS growth of 8.0% plus 4.7% dividend yield, Kimco Realty Corporation has a fair value of $6.30 based on NTM EPS (FY2026) of $0.79. The current PEG ratio is 4.25.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG tends to undervalue slow growers — consider dividend yield and asset value instead.
| EPS Growth RateForward | 2.0% |
| Dividend Yield | +4.7% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| NTM EPS (FY2026) | $0.79 |
| Fair Value | $6.30 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $0.83 | — | — |
| FY2026E | $0.79 | -5.1% | 7 |
| FY2027E | $0.85 | +7.5% | 7 |
| FY2028E | $0.88 | +3.8% | 3 |
3Y Forward EPS CAGR: 2.0%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $844.1M | $1.60 | — |
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2022 | $126.0M | $0.16 | -90.0% |
| FY2023 | $654.3M | $1.02 | +537.5% |
| FY2024 | $410.8M | $0.55 | -46.1% |
| FY2025 | $584.1M | $0.83 | +50.9% |
4Y Historical EPS CAGR: -15.1%