Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: ARE stock price vs PEP: 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 PEP's multiple
Needs PEP P/S.
Implied fair value · at ARE's multiple
Needs ARE P/S.
Metric by metric
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Price unavailable
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ARE FY 2025 (ended Dec 31, 2025) · PEP FY 2025 (ended Dec 27, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
ALEXANDRIA REAL ESTATE EQUITIES, INC. · implied price per share
Bear
-$91.37
Base
-$107.50
Bull
-$123.62
PepsiCo, Inc. · implied price per share
Bear
$49.50
Base
$58.24
Bull
$66.97
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
0.80x
2.61x
Net debt / EBITDA
Leverage against operating earnings
-11.55x
2.52x
Cash and equivalents
Liquid reserves on the balance sheet
$1.07B
$9.53B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$12.40B
$53.21B
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LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe ARE can reverse its negative margins and stabilize revenue growth, then reconsider the current discount; otherwise, the data supports avoiding or underweighting ARE because its current price still exceeds PEP-implied value despite materially weaker fundamentals.
ARE's current price of $52.58 sits 30.3% above PEP-implied price of $36.65, and also above PEP implied range midpoint because the range is effectively flat at $36.45-$36.45. The market is therefore pricing ARE well above the valuation indicated by the P/S comparison despite much weaker profitability and growth.
Supporting Metrics
