FR
First Industrial Realty Trust
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: FR
- PE Ratio
The current P/E ratio for First Industrial Realty Trust stock as of Aug 21, 2026 is 22.88. This is calculated based on the TTM EPS of $2.75 and the stock price of $62.93 per share. The PE ratio has decreased by 12% from its last 4 quarters average of 26.0.
FR PE ratio history
The average historical PE ratio of First Industrial Realty Trust for the last ten years is 24.0. The current price-to-earnings ratio of 22.88 is 4.7% less than the historical average. Analyzing the last ten years, FR's PE ratio reached its highest point in the Mar 2022 quarter at 32.93, when the price was $61.91 and the EPS was $1.88. The lowest point was recorded in the Sep 2022 quarter, when it reached 15.04 with a price of $44.81 and an EPS of $2.98.
First Industrial Realty Trust PE ratio by year
Maximum annual increase: 42.73% in 2023
Maximum annual decrease: -43.98% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 30.63 | 32.6% | $57.27 | $1.87 |
| 2024 | 23.1 | -8.77% | $50.13 | $2.17 |
| 2023 | 25.32 | 42.73% | $52.67 | $2.08 |
| 2022 | 17.74 | -43.98% | $48.26 | $2.72 |
| 2021 | 31.67 | 15% | $66.2 | $2.09 |
| 2020 | 27.54 | 25.41% | $42.13 | $1.53 |
| 2019 | 21.96 | -0.32% | $41.51 | $1.89 |
| 2018 | 22.03 | 19.02% | $28.86 | $1.31 |
| 2017 | 18.51 | -30.7% | $31.47 | $1.7 |
| 2016 | 26.71 | -19.13% | $28.05 | $1.05 |
| 2015 | 33.03 | -32.52% | $22.13 | $0.67 |
| 2014 | 48.95 | -32.68% | $20.56 | $0.42 |
| 2013 | 72.71 | N/A | $17.45 | $0.24 |
| 2012 | N/A | N/A | $14.08 | -$0.24 |
| 2011 | N/A | N/A | $10.23 | -$0.34 |
First Industrial Realty Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 22.29 | -0.22% | $61.31 | $2.75 |
| Mar 2026 | 22.34 | -27.06% | $57.85 | $2.59 |
| Dec 2025 | 30.63 | 6.54% | $57.27 | $1.87 |
| Sep 2025 | 28.75 | 22.44% | $51.47 | $1.79 |
| Jun 2025 | 23.48 | -12.09% | $48.13 | $2.05 |
| Mar 2025 | 26.71 | 15.63% | $53.96 | $2.02 |
| Dec 2024 | 23.1 | -3.43% | $50.13 | $2.17 |
| Sep 2024 | 23.92 | 8.73% | $55.98 | $2.34 |
| Jun 2024 | 22 | -8.71% | $47.51 | $2.16 |
| Mar 2024 | 24.1 | -4.82% | $52.54 | $2.18 |
| Dec 2023 | 25.32 | 7.47% | $52.67 | $2.08 |
| Sep 2023 | 23.56 | 6.95% | $47.59 | $2.02 |
| Jun 2023 | 22.03 | 18.82% | $52.64 | $2.39 |
| Mar 2023 | 18.54 | 4.51% | $53.2 | $2.87 |
| Dec 2022 | 17.74 | 17.95% | $48.26 | $2.72 |
FR Price vs fair value
FR 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.
FR's current PE ratio is under its 3, 5 and 10-year averages.
PE comparison
First Industrial Realty Trust's price to earnings (P/E) of 22.88 is higher than its peers average but lower than the Real Estate sector and the industry average. Looking at the Real Estate sector average of 25.12, First Industrial Realty Trust's price to earnings (P/E) is 9% lower.
FR PE vs peers
Frequently asked questions
What is First Industrial Realty Trust's PE ratio?
The price to earnings ratio for FR stock as of Aug 21, 2026, stands at 22.88.
What is the 3-year average PE ratio for First Industrial Realty Trust (FR)?
Over the last 3 years, the average PE ratio for FR stock is 24.68.
What is the 5-year average PE ratio for First Industrial Realty Trust (FR)?
Over the last 5 years, the average PE ratio for FR stock is 24.11.
What is the highest PE ratio for FR?
The highest quarterly PE ratio in the last ten years has been 32.93 and it was in the Mar 2022 quarter.
How does the current PE ratio for FR compare to its historical average?
The current PE ratio of FR is 4.7% lower than the 10-year historical average.
How is FR's PE ratio calculated (First Industrial Realty Trust PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Aug 21, 2026), First Industrial Realty Trust's share price is $62.93. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $2.75. Therefore, First Industrial Realty Trust's price to earnings ratio for today is 22.88. PE RATIO(22.88) = STOCK PRICE($62.93) / TTM EPS($2.75)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.