EQR Equity Residential PE ratio, current and historical analysis
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- NYSE: EQR
- PE Ratio
As of Jul 16, 2025, the Equity Residential stock's PE ratio is 25.36. This takes into account the latest EPS of $2.64 and stock price of $66.95. The PE ratio marks a decrease of 9% from its last 4 quarters average of 27.8.
EQR PE ratio history
The PE ratio of Equity Residential has averaged 27.99 over the last ten years. The current P/E ratio of 25.36 is 9% lower than the historical average. Looking back at the last ten years, EQR's PE ratio peaked in the Mar 2019 quarter at 50.55, when the price was $75.32 and the EPS was $1.49. The lowest point was in the Dec 2016 quarter, when it reached 5.48 with a price of $64.36 and an EPS of $11.75.
Equity Residential PE ratio history chart
Equity Residential PE ratio by year
Maximum annual increase: 609.49% in 2017
Maximum annual decrease: -84.08% in 2016
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 26.29 | -5.43% | $71.76 | $2.73 |
| 2023 | 27.8 | -2.93% | $61.16 | $2.2 |
| 2022 | 28.64 | 12.67% | $59 | $2.06 |
| 2021 | 25.42 | 5.04% | $90.5 | $3.56 |
| 2020 | 24.2 | -21.94% | $59.28 | $2.45 |
| 2019 | 31 | -16.4% | $80.92 | $2.61 |
| 2018 | 37.08 | -4.63% | $66.01 | $1.78 |
| 2017 | 38.88 | 609.49% | $63.77 | $1.64 |
| 2016 | 5.48 | -84.08% | $64.36 | $11.75 |
| 2015 | 34.43 | -16.61% | $81.59 | $2.37 |
| 2014 | 41.29 | 310.85% | $71.84 | $1.74 |
| 2013 | 10.05 | -51.59% | $51.87 | $5.16 |
| 2012 | 20.76 | 8.46% | $56.67 | $2.73 |
| 2011 | 19.14 | -65% | $57.03 | $2.98 |
| 2010 | 54.68 | 105.56% | $51.95 | $0.95 |
Equity Residential PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 27.11 | 3.12% | $71.58 | $2.64 |
| Dec 2024 | 26.29 | -13.49% | $71.76 | $2.73 |
| Sep 2024 | 30.39 | 10.43% | $74.46 | $2.45 |
| Jun 2024 | 27.52 | 5.52% | $69.34 | $2.52 |
| Mar 2024 | 26.08 | -6.19% | $63.11 | $2.42 |
| Dec 2023 | 27.8 | -14.78% | $61.16 | $2.2 |
| Sep 2023 | 32.62 | 9.28% | $58.71 | $1.8 |
| Jun 2023 | 29.85 | 20.9% | $65.97 | $2.21 |
| Mar 2023 | 24.69 | -13.79% | $60 | $2.43 |
| Dec 2022 | 28.64 | 29.95% | $59 | $2.06 |
| Sep 2022 | 22.04 | 1.94% | $67.22 | $3.05 |
| Jun 2022 | 21.62 | -13.69% | $72.22 | $3.34 |
| Mar 2022 | 25.05 | -1.46% | $89.92 | $3.59 |
| Dec 2021 | 25.42 | -11.43% | $90.5 | $3.56 |
| Sep 2021 | 28.7 | -28.8% | $80.92 | $2.82 |
EQR Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
EQR average PE ratio chart
EQR's current PE ratio is lower than its 3, 5 and 10-year averages.
PE vs average
EQR PE vs peers
In comparison to its peer KIM, EQR's PE ratio is lower, but it is higher than STWD's and KRC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STWD Starwood Property Trust Inc | 21.02 | $6.71B |
| KRC Kilroy Realty Corp | 21.68 | $4.33B |
| EQR Equity Residential | 25.46 | $25.54B |
| KIM Kimco Realty Corp | 27.92 | $14.54B |
| PDM Piedmont Office Realty Trust Inc | N/A | $908.18M |
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Frequently asked questions
What is Equity Residential's PE ratio?
EQR's price to earnings ratio is 25.36 as of Jul 16, 2025.
What is the 3-year average PE ratio for Equity Residential (EQR)?
As an average over the last 3 years, EQR stock has a PE ratio of 27.55.
What is the 5-year average PE ratio for Equity Residential (EQR)?
As an average over the last 5 years, EQR stock has a PE ratio of 27.84.
What is the highest PE ratio for EQR?
Over the last ten years, the quarterly PE ratio reached its highest level at 50.55 in the Mar 2019 quarter.
How does the current PE ratio for EQR compare to its historical average?
EQR's price to earnings ratio is currently 9% below its 10-year historical average.
How is EQR's PE ratio calculated (Equity Residential PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 16, 2025), Equity Residential's share price is $66.95. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $2.64. Therefore, Equity Residential's PE ratio for today is 25.36. PE RATIO(25.36) = STOCK PRICE($66.95) / TTM EPS($2.64)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.