Modiv Industrial (MDV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Modiv Industrial

NYSE•Real Estate•REIT - Industrial

$18.05-0.16(-0.01%)Market closed

Market Cap

$190.57M

P/E

25.2x

P/S

4.1x

P/B

1.2x

Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains. Modiv Industrial, Inc. was incorporated in 2015 and is based in Denver, United States.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (19/25); weakest: Cash & Earnings Quality (9/25).

Profitability19/25

Growth10/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality9/25

Strengths

Strong marginsRising earningsProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 25.2x5y range 25.2x – 1252.5x

Currently below its 11-quarter median.

P/S · 4.1x5y range 2.8x – 4.1x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.8x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg -4.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $190.57M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $46.16M
Q. Revenue: $11.69M
TTM EBITDA: $38.91M
TTM Op. Income: $24.10M
Q. Op. Income: $9.98M
TTM Net Income: $7.55M
Q. Net Income: $5.38M
EPS: $0.45
Shares Out.: $10.32M

$46.16M in TTM revenue declined 1.8% YoY, reaching $11.69M last quarter. TTM EBITDA of $38.91M and TTM operating income of $24.10M show growth is flowing through to the bottom line. TTM net income of $7.55M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 116.5%
Op. Margin: 85.3%
Net Margin: 46.0%

Op. margin of 85.3% is up 75.5% YoY — cost efficiency is improving. Net margin at 46.0% Over the past year, operating margin is up 767% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 25.2x
P/S Ratio: 4.1x
P/B Ratio: 1.2x

At 25.2x P/E, the stock trades within typical market levels. P/S of 4.1x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 57% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $487.66M
Cash: $21.63M
Long-Term Debt: $273.34M
Book Value: $161.25M
D/E Ratio: 1.7
Debt/EBITDA: 20.1

With $487.66M in assets and $273.34M in long-term debt, D/E is 1.7and book value is $161.25M — moderate leverage. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.48M
TTM Free Cash Flow: $11.24M
FCF Margin: 24.4%
FCF / Net Income: 1.5

TTM FCF of $11.24M on $3.48M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 28% — a weakening trend.