Agree Realty Corporation
$12.54B- Market cap
- $9.03B
- Debt
- +$3.53B
- Cash
- −$16.30M
Capital structure 72% equity / 28% debt · EV / Revenue 17.46x · EV / EBITDA 37.41x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ADC stock price vs CBRL: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at CBRL's multiple
Needs CBRL P/E.
Implied fair value · at ADC's multiple
Needs ADC P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ADC FY 2025 (ended Dec 31, 2025) · CBRL FY 2025 (ended Aug 1, 2025). Fiscal years are not aligned.
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 72% equity / 28% debt · EV / Revenue 17.46x · EV / EBITDA 37.41x
Capital structure 72% equity / 28% debt · EV / Revenue 0.48x · EV / EBITDA 6.98x
ADC carries the larger enterprise value at $12.54B against $1.67B; CBRL trades on the lower EV / Revenue multiple (0.48x vs 17.46x); CBRL on the lower EV / EBITDA (6.98x vs 37.41x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
AGREE REALTY CORPORATION · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Cracker Barrel Old Country Store, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.56x
1.05x
Net debt / EBITDA
Leverage against operating earnings
10.47x
1.86x
Cash and equivalents
Liquid reserves on the balance sheet
$16.30M
$39.64M
Total debt
Interest-bearing obligations outstanding
$3.53B
$484.64M
Comparable set
Where the pair sits against the wider comparable set.
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