The current price-to-earnings ratio for Alexandria Real Estate Equities stock as of May 6, 2024 is 112.03. This is calculated based on the current EPS of $1.07 and the stock price of $119.87 per share. The PE ratio has decreased by 2.9% from the past four quarters average of 115.4.
The average historical PE ratio of Alexandria Real Estate Equities for the last ten years is 72.73. The current price-to-earnings ratio of 112.03 is 54% more than the historical average. In the past ten years, ARE's PE ratio reached its highest point in the Jun 2017 quarter at 293.83, when the stock price was $120.47 and the EPS was $0.41. The lowest point was recorded in the Jun 2021 quarter, when it reached 27.16 with a price of $181.94 and an EPS of $6.7.
Maximum annual increase: 412.46% in 2023
Maximum annual decrease: -60.25% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 234.76 | 412.46% |
| 2022 | 45.81 | -21.3% |
| 2021 | 58.21 | 96.92% |
| 2020 | 29.56 | -42.74% |
| 2019 | 51.62 | 58.1% |
| 2018 | 32.65 | -60.25% |
| 2017 | 82.13 | N/A |
| 2016 | N/A | N/A |
| 2015 | 55.44 | -36.9% |
| 2014 | 87.86 | 120.98% |
The current PE ratio of ARE is above its 3, 5 and 10-year historical averages.
When compared to its peer LLY, ARE's PE ratio is lower, but it is higher than AMGN's and PFE's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GILD Gilead Sciences Inc | 14.44 | $81.65B |
| AMGN Amgen Inc | 42.54 | $160.65B |
| PFE Pfizer Inc | 74.88 | $160.68B |
| ARE Alexandria Real Estate Equities Inc | 112.03 | $20.96B |
| LLY ELI LILLY & Co | 112.42 | $728.66B |
| BMY Bristol Myers Squibb Co | N/A | $89.41B |
| ALNY Alnylam Pharmaceuticals Inc | N/A | $19.13B |
| ILMN Illumina Inc | N/A | $18.95B |
ARE's price to earnings ratio is 112.03 as of May 6, 2024.
Over the last 3 years, the average PE ratio for ARE stock is 70.38.
Over the last 5 years, the average PE ratio for ARE stock is 64.72.
In the last ten years, the Jun 2017 quarter recorded the highest quarterly PE ratio at 293.83.
The current price to earnings ratio of ARE is 54% higher than the 10-year historical average.
ARE's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (May 6, 2024), Alexandria Real Estate Equities's stock price is $119.87. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.07. Therefore, Alexandria Real Estate Equities's price to earnings ratio for today is 112.03. PE RATIO(112.03) = STOCK PRICE($119.87) / TTM EPS($1.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.