WallStSmart

BXP, Inc. (BXP)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

BXP, Inc. generates 70% more annual revenue ($3.16B vs $1.85B). VNO leads profitability with a 42.9% profit margin vs 10.0%. BXP appears more attractively valued with a PEG of 2.54. BXP earns a higher WallStSmart Score of 62/100 (C+).

BXP

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 6.0Value: 5.3Quality: 2.5
Piotroski: 3/9Altman Z: 0.51

VNO

Buy

59

out of 100

Grade: C

Growth: 5.3Profit: 6.5Value: 7.3Quality: 5.0
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXPUndervalued (+46.3%)

Margin of Safety

+46.3%

Fair Value

$115.01

Current Price

$64.91

$50.10 discount

UndervaluedFair: $115.01Overvalued
VNOUndervalued (+33.4%)

Margin of Safety

+33.4%

Fair Value

$45.44

Current Price

$37.58

$7.86 discount

UndervaluedFair: $45.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BXP3 strengths · Avg: 8.7/10
EPS GrowthGrowth
65.5%10/10

Earnings expanding 65.5% YoY

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Operating MarginProfitability
25.7%8/10

Strong operational efficiency at 25.7%

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

BXP4 concerns · Avg: 3.5/10
P/E RatioValuation
33.3x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
0.6%4/10

0.6% revenue growth

Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

VNO4 concerns · Avg: 2.3/10
Debt/EquityHealth
1.403/10

Elevated debt levels

PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BXP

The strongest argument for BXP centers on EPS Growth, Price/Book, Operating Margin.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : BXP

The primary concerns for BXP are P/E Ratio, Revenue Growth, Return on Equity. Debt-to-equity of 3.10 is elevated, increasing financial risk.

Bear Case : VNO

The primary concerns for VNO are Debt/Equity, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

BXP profiles as a value stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.56 — expect wider price swings.

BXP is growing revenue faster at 0.6% — sustainability is the question.

VNO generates stronger free cash flow (48M), providing more financial flexibility.

Bottom Line

BXP scores higher overall (62/100 vs 59/100). VNO offers better value entry with a 33.4% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

BXP, Inc.

REAL ESTATE · REIT - OFFICE · USA

Boston Properties, Inc. is a publicly traded real estate investment trust that invests in office buildings in Boston, Los Angeles, New York City, San Francisco, and Washington, D.C.

Visit Website →

Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

Want to dig deeper into these stocks?