ARI
Apollo Commercial Real Estate Finance
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: ARI
- PE Ratio
As of Jun 22, 2026, the ARI stock has a P/E ratio of 13.27. The calculation is based on the latest EPS of $0.81 and the stock price of $10.75 per share.
ARI PE ratio history
The mean historical PE ratio of Apollo Commercial Real Estate Finance over the last ten years is 53.19. The current 13.27 price-to-earnings ratio is 75% less than the historical average. Analyzing the last ten years, ARI's PE ratio reached its highest point in the Dec 2020 quarter at 1,117, with a price of $11.17 and an EPS of $0.01. The Sep 2022 quarter saw the lowest point at 4.01, with a price of $8.3 and an EPS of $2.07.
Apollo Commercial Real Estate Finance PE ratio by year
Maximum annual increase: 8,512.18% in 2020
Maximum annual decrease: -99.2% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 11.95 | N/A | $9.68 | $0.81 |
| 2024 | N/A | N/A | $8.66 | -$0.97 |
| 2023 | 40.48 | 565.79% | $11.74 | $0.29 |
| 2022 | 6.08 | -31.61% | $10.76 | $1.77 |
| 2021 | 8.89 | -99.2% | $13.16 | $1.48 |
| 2020 | 1,117 | 8,512.18% | $11.17 | $0.01 |
| 2019 | 12.97 | 18.34% | $18.29 | $1.41 |
| 2018 | 10.96 | -8.51% | $16.66 | $1.52 |
| 2017 | 11.98 | 25.45% | $18.45 | $1.54 |
| 2016 | 9.55 | -14.66% | $16.62 | $1.74 |
| 2015 | 11.19 | 17.67% | $17.23 | $1.54 |
| 2014 | 9.51 | -26.28% | $16.36 | $1.72 |
| 2013 | 12.9 | 30.3% | $16.25 | $1.26 |
| 2012 | 9.9 | 1.75% | $16.23 | $1.64 |
| 2011 | 9.73 | -48.22% | $13.13 | $1.35 |
Apollo Commercial Real Estate Finance PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.04 | 9.12% | $10.56 | $0.81 |
| Dec 2025 | 11.95 | 3.82% | $9.68 | $0.81 |
| Sep 2025 | 11.51 | N/A | $10.13 | $0.88 |
| Jun 2025 | N/A | N/A | $9.68 | -$0.15 |
| Mar 2025 | N/A | N/A | $9.57 | -$0.04 |
| Dec 2024 | N/A | N/A | $8.66 | -$0.97 |
| Sep 2024 | N/A | N/A | $9.19 | -$0.93 |
| Jun 2024 | 163.17 | N/A | $9.79 | $0.06 |
| Mar 2024 | N/A | N/A | $11.14 | -$0.79 |
| Dec 2023 | 40.48 | N/A | $11.74 | $0.29 |
| Sep 2023 | N/A | N/A | $10.13 | -$0.06 |
| Jun 2023 | 12.44 | 168.68% | $11.32 | $0.91 |
| Mar 2023 | 4.63 | -23.85% | $9.31 | $2.01 |
| Dec 2022 | 6.08 | 51.62% | $10.76 | $1.77 |
| Sep 2022 | 4.01 | -53.91% | $8.3 | $2.07 |
ARI Price vs fair value
ARI average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, ARI's PE ratio is under its 3, 5 and 10-year averages.
PE comparison
Apollo Commercial Real Estate Finance's price to earnings (P/E) of 13.27 is higher than the industry average but lower than the Real Estate sector average. Looking at the Real Estate sector average of 23.85, Apollo Commercial Real Estate Finance's price to earnings (P/E) is 44% lower.
ARI PE vs peers
When compared to its peer stock OCSL, ARI's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ARI Apollo Commercial Real Estate Finance Inc | 13.47 | $1.45B |
| OCSL Oaktree Specialty Lending Corp | 20.26 | $1.02B |
| OFS OFS Capital Corp | N/A | $44.88M |
Frequently asked questions
What is Apollo Commercial Real Estate Finance's PE ratio?
As of Jun 22, 2026, ARI stock has a price to earnings ratio of 13.27.
What is the 3-year average PE ratio for Apollo Commercial Real Estate Finance (ARI)?
Over the last 3 years, the average PE ratio for ARI stock is 42.1.
What is the 5-year average PE ratio for Apollo Commercial Real Estate Finance (ARI)?
Over the last 5 years, the average PE ratio for ARI stock is 22.77.
What is the highest PE ratio for ARI?
Over the last ten years, the quarterly PE ratio reached its highest level at 1,117 in the Dec 2020 quarter.
How does the current PE ratio for ARI compare to its historical average?
ARI's current price to earnings ratio is 75% below its 10-year historical average.
How is ARI's PE ratio calculated (Apollo Commercial Real Estate Finance PE ratio formula)?
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 (Jun 22, 2026), Apollo Commercial Real Estate Finance's share price is $10.75. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.81. Therefore, Apollo Commercial Real Estate Finance's price to earnings ratio for today is 13.27. PE RATIO(13.27) = STOCK PRICE($10.75) / TTM EPS($0.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.