The current PE ratio for Apartment Income REIT stock as of May 3, 2024 is 8.99. This is calculated based on the TTM EPS of $4.29 and the stock price of $38.58 per share. The PE ratio has decreased by 12% from its last 4 quarters average of 10.2.
The average historical PE ratio of Apartment Income REIT for the last three years is 9.98. The current price-to-earnings ratio of 8.99 is 10% 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.
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 |
Currently, AIRC's PE ratio is under its 3-year average.
When compared to its peer stock MGRC, AIRC's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AIRC Apartment Income REIT Corp | 8.99 | $5.59B |
| MGRC Mcgrath Rentcorp | 21.21 | $2.68B |
As of May 3, 2024, AIRC stock has a price to earnings ratio of 8.99.
Over the last 3 years, the average PE ratio for AIRC stock is 9.98.
Over the last three years, the quarterly PE ratio reached its highest level at 18.85 in the Dec 2021 quarter.
The current PE ratio of AIRC is 10% lower than the 3-year historical average.
AIRC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
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 (May 3, 2024), Apartment Income REIT's share price is $38.58. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.29. Therefore, Apartment Income REIT's price to earnings ratio for today is 8.99. PE RATIO(8.99) = STOCK PRICE($38.58) / TTM EPS($4.29)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.