EPRT · Intrinsic value
Is Essential Properties Realty Trust, Inc. (EPRT) overvalued or undervalued?
Essential Properties Realty Trust, Inc. (EPRT) trades at the delayed market price of $25.51 a share. That price already implies revenue growth of 11.1% a year for 5 years. TickerWorth's dcf fair value is $30.30 a share (16% below fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is EPRT undervalued?
- DCF fair value
- $30.30
- Market price
- $25.51
- Upside to fair value
- +18.8%
- Verdict
- 16% below fair value
Reverse DCF: Today's price implies revenue growth of 11.1% a year for 5 years; our model assumes 13.5% a year on average over the same horizon.
What is EPRT's TickerWorth Score?
Scores higher than almost every company we compare it with
Compared with Real Estate companies in US
Its strongest point: a profitable, high-quality business. Its weakest: recent price trend has been weak.
- Value · 68 of 100
Cheaper than 68% of Real Estate companies in US
- Price vs worth · — of 100
- Quality · 79 of 100
More profitable than 79% of Real Estate companies in US
- Financial health · 74 of 100
Financially stronger than 74% of Real Estate companies in US
- Growth · 65 of 100
Growing faster than 65% of Real Estate companies in US
- Momentum · 7 of 100
Outperformed 7% of Real Estate companies in US over the past year
Confidence: Medium confidence · Scored
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EPRT DCF valuation: where the gap comes from
At a recent price of $25.51, Essential Properties Realty Trust, Inc. (EPRT) trades 16% below TickerWorth's base-case discounted-cash-flow (DCF) fair value of $30.30 per share — meaning the market currently prices EPRT undervalued vs our estimate of what the business is intrinsically worth. Our fair value sits above the market, an implied +18.8% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
The valuation discounts Essential Properties Realty Trust, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 7.9%, with a long-run terminal growth rate of 2.5%. About 79% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 11.1% annual revenue growth for EPRT. Our base case instead compounds to about 13.5% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, EPRT's modeled DCF value ranges from about $17.49 to $64.99 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Essential Properties Realty Trust, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of EPRT's intrinsic value. Figures update as new filings and prices come in.
Every input behind EPRT's DCF
| Input | Value |
|---|---|
| Base-year revenueESSENTIAL PROPERTIES REALTY TRUST, INC. FY2025 10-K (accession 0001728951-26-000008): us-gaap:Revenues, FY2025 full year. | $561,220,000 |
| Base EBIT marginESSENTIAL PROPERTIES REALTY TRUST, INC. FY2025 10-K (accession 0001728951-26-000008): us-gaap:OperatingIncomeLoss 359,921,000 / revenue 561,219,000 = 64.13%, FY2025. | 64.1% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 23% → 19% → 14% → 9% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.84 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesESSENTIAL PROPERTIES REALTY TRUST, INC. FY2025 10-K (accession 0001728951-26-000008): WeightedAverageNumberOfDilutedSharesOutstanding = 198,054,768 shares, FY2025. | 198M |
| Market priceDelayed quote · as of 2026-10-19 22:16 UTC | $25.51 |
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What does Essential Properties Realty Trust, Inc. do?
What does it do?
Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. It operates in the REIT - Retail industry (Real Estate sector), headquartered in United States. The company employs roughly 56 people.
How does it make money?
The business turns $561M in annual revenue into profit. Out of every $100 of sales, about $62 is left as operating profit (operating margin of 62.5%), after a 98% gross margin on the products/services it sells. After all costs, taxes and interest, 43.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.7× equity), comfortably covers its short-term bills (3.8× current ratio), and is currently profitable.
EPRT insider trading
We have no recent SEC Form 4 insider filings on file for Essential Properties Realty Trust, Inc.. Form 4 covers US-listed companies only.
Common questions
What is EPRT's intrinsic value?
TickerWorth's base-case DCF fair value for Essential Properties Realty Trust, Inc. (EPRT) is $30.30 per share, versus a market price of $25.51 (16% below fair value).
Is EPRT overvalued or undervalued?
On our DCF model EPRT looks undervalued vs fair value at $25.51. This is an educational estimate, not advice.
What discount rate is used for EPRT?
A WACC of 7.9% and a terminal growth rate of 2.5%.
Is Essential Properties Realty Trust stock undervalued?
TickerWorth's dcf fair value for Essential Properties Realty Trust, Inc. (EPRT) is $30.30 against a market price of $25.51. Our read: 16% below fair value. This is a model estimate, not investment advice.
Essential Properties Realty Trust (EPRT) DCF valuation and fair value
Our dcf fair value for Essential Properties Realty Trust, Inc. (EPRT) is $30.30, built on a 7.9% discount rate (WACC) and 2.5% terminal growth. Every assumption is listed on this page with its source.
What growth is priced into Essential Properties Realty Trust stock?
Today's price implies revenue growth of 11.1% a year for 5 years; our model assumes 13.5% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $25.51. A model estimate, not investment advice.
Essential Properties Realty Trust (EPRT) insider trading
We have no recent SEC Form 4 insider filings on file for Essential Properties Realty Trust, Inc. (EPRT). Form 4 covers US-listed companies only.
More stocks below our fair value
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.