The current P/E ratio for First Industrial Realty Trust stock as of Jul 25, 2024 is 24.39. This is calculated based on the TTM EPS of $2.16 and the stock price of $52.68 per share. The PE ratio has increased by 2.7% from its last 4 quarters average of 23.7.
The average historical PE ratio of First Industrial Realty Trust for the last ten years is 26.68. The current price-to-earnings ratio of 24.39 is 9% less than the historical average. Analyzing the last ten years, FR's PE ratio reached its highest point in the Mar 2015 quarter at 51.02, when the price was $21.43 and the EPS was $0.42. 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.
Maximum annual increase: 42.73% in 2023
Maximum annual decrease: -43.98% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 25.32 | 42.73% |
| 2022 | 17.74 | -43.98% |
| 2021 | 31.67 | 15% |
| 2020 | 27.54 | 25.41% |
| 2019 | 21.96 | -0.32% |
| 2018 | 22.03 | 19.02% |
| 2017 | 18.51 | -30.7% |
| 2016 | 26.71 | -19.13% |
| 2015 | 33.03 | -32.52% |
| 2014 | 48.95 | -32.68% |
FR's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
When compared to its peer UDR, FR's PE ratio is lower, but it is higher than UE's and GEO's. First Industrial Realty Trust's PE ratio is trading above the peer average of 17.88.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UE Urban Edge Properties | 8.58 | $2.35B |
| ALX Alexanders Inc | 11.62 | $1.24B |
| GEO Geo Group Inc | 22.72 | $2.14B |
| FR First Industrial Realty Trust Inc | 24.87 | $7.11B |
| UDR UDR Inc | 29.91 | $13.59B |
The price to earnings ratio for FR stock as of Jul 25, 2024, stands at 24.39.
Over the last 3 years, the average PE ratio for FR stock is 23.41.
Over the last 5 years, the average PE ratio for FR stock is 23.62.
The highest quarterly PE ratio in the last ten years has been 51.02 and it was in the Mar 2015 quarter.
The current PE ratio of FR is 9% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), First Industrial Realty Trust's share price is $52.68. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.16. Therefore, First Industrial Realty Trust's price to earnings ratio for today is 24.39. PE RATIO(24.39) = STOCK PRICE($52.68) / TTM EPS($2.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.