The current P/E ratio for First Industrial Realty Trust stock as of Apr 26, 2024 is 21.1. This is calculated based on the TTM EPS of $2.18 and the stock price of $46 per share. The PE ratio has decreased by 11% from its last 4 quarters average of 23.8.
The average historical PE ratio of First Industrial Realty Trust for the last ten years is 27.7. The current price-to-earnings ratio of 21.1 is 24% less than the historical average. Analyzing the last ten years, FR's PE ratio reached its highest point in the Jun 2014 quarter at 62.8, when the price was $18.84 and the EPS was $0.3. 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 under its 3, 5 and 10-year averages.
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 16.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UE Urban Edge Properties | 7.82 | $1.94B |
| ALX Alexanders Inc | 10.36 | $1.06B |
| GEO Geo Group Inc | 20.37 | $1.88B |
| FR First Industrial Realty Trust Inc | 21.1 | $6.09B |
| UDR UDR Inc | 28.29 | $12.48B |
The price to earnings ratio for FR stock as of Apr 26, 2024, stands at 21.1.
Over the last 3 years, the average PE ratio for FR stock is 23.99.
Over the last 5 years, the average PE ratio for FR stock is 24.13.
The highest quarterly PE ratio in the last ten years has been 62.8 and it was in the Jun 2014 quarter.
The current PE ratio of FR is 24% 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 (Apr 26, 2024), First Industrial Realty Trust's share price is $46. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.18. Therefore, First Industrial Realty Trust's price to earnings ratio for today is 21.1. PE RATIO(21.1) = STOCK PRICE($46) / TTM EPS($2.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.