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AIRC Apartment Income REIT PE ratio, current and historical analysis

The current PE ratio for Apartment Income REIT stock as of Jun 14, 2024 is 8.97. This is calculated based on the TTM EPS of $4.34 and the stock price of $38.92 per share. The PE ratio has decreased by 4.4% from its last 4 quarters average of 9.4.

AIRC PE ratio history

How has AIRC's PE ratio performed in the past

The average historical PE ratio of Apartment Income REIT for the last three years is 9.73. The current price-to-earnings ratio of 8.97 is 8% less than the historical average. Analyzing the last three years, AIRC's PE ratio reached its highest point in the Dec 2021 quarter at 18.85, when the price was $54.67 and the EPS was $2.9. The lowest point was recorded in the Sep 2023 quarter, when it reached 4.67 with a price of $30.7 and an EPS of $6.58.

Average
9.73
Median
7.79
Minimum
4.67
Maximum
18.85

Apartment Income REIT PE ratio by year

Maximum annual increase: 38.46% in 2023

Maximum annual decrease: -68.97% in 2022

Year PE ratio Change
2023 8.1 38.46%
2022 5.85 -68.97%
2021 18.85 N/A
2020 N/A N/A
2019 N/A N/A
2018 N/A N/A

AIRC average PE ratio chart

What is the average PE ratio of AIRC for the past years

Currently, AIRC's PE ratio is under its 3-year average.

3-year avg
9.73
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

AIRC PE vs peers

What is AIRC's PE ratio compared to its peers

When compared to its peer stock MGRC, AIRC's PE ratio is lower.

Stock name PE ratio Market cap
AIRC Apartment Income REIT Corp 8.97 $5.65B
MGRC Mcgrath Rentcorp 20.35 $2.57B

Frequently asked questions

What is Apartment Income REIT's PE ratio?

As of Jun 14, 2024, AIRC stock has a price to earnings ratio of 8.97.

What is the 3-year average PE ratio for Apartment Income REIT (AIRC)?

Over the last 3 years, the average PE ratio for AIRC stock is 9.73.

What is the highest PE ratio for AIRC?

Over the last three years, the quarterly PE ratio reached its highest level at 18.85 in the Dec 2021 quarter.

How does the current PE ratio for AIRC compare to its historical average?

The current PE ratio of AIRC is 8% lower than the 3-year historical average.

Why is Apartment Income REIT's PE ratio so low?

AIRC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is AIRC's PE ratio calculated (Apartment Income REIT PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 14, 2024), Apartment Income REIT's share price is $38.92. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.34. Therefore, Apartment Income REIT's price to earnings ratio for today is 8.97. PE RATIO(8.97) = STOCK PRICE($38.92) / TTM EPS($4.34)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.