HIW
Highwoods Properties
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: HIW
- PE Ratio
The PE ratio for Highwoods Properties stock stands at 37.93 as of Jul 2, 2026. This is calculated based on the TTM EPS of $0.84 and the stock price of $31.86 per share. An increase of 56% has been observed in the PE ratio compared to its average of 24.3 of the last four quarters.
HIW PE ratio history
Over the last ten years, the average PE ratio of Highwoods Properties has been 22.2. The current 37.93 P/E ratio is 71% higher than the historical average. Looking back at the last ten years, HIW's PE ratio peaked in the Mar 2017 quarter at 41.99, with a price of $49.13 and an EPS of $1.17. The Dec 2016 quarter marked the lowest point at 9.62, with a price of $51.01 and an EPS of $5.3.
Highwoods Properties PE ratio by year
Maximum annual increase: 197.3% in 2017
Maximum annual decrease: -77.94% in 2016
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 17.81 | -45.25% | $25.82 | $1.45 |
| 2024 | 32.53 | 96.91% | $30.58 | $0.94 |
| 2023 | 16.52 | -12.03% | $22.96 | $1.39 |
| 2022 | 18.78 | 25.53% | $27.98 | $1.49 |
| 2021 | 14.96 | 25.29% | $44.59 | $2.98 |
| 2020 | 11.94 | -68.26% | $39.63 | $3.32 |
| 2019 | 37.62 | 59.47% | $48.91 | $1.3 |
| 2018 | 23.59 | -17.52% | $38.69 | $1.64 |
| 2017 | 28.6 | 197.3% | $50.91 | $1.78 |
| 2016 | 9.62 | -77.94% | $51.01 | $5.3 |
| 2015 | 43.6 | 18.16% | $43.6 | $1 |
| 2014 | 36.9 | 46.89% | $44.28 | $1.2 |
| 2013 | 25.12 | -23.39% | $36.17 | $1.44 |
| 2012 | 32.79 | -40.32% | $33.45 | $1.02 |
| 2011 | 54.94 | 48.37% | $29.67 | $0.54 |
Highwoods Properties PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 25.49 | 43.12% | $21.41 | $0.84 |
| Dec 2025 | 17.81 | -35.07% | $25.82 | $1.45 |
| Sep 2025 | 27.43 | 4.1% | $31.82 | $1.16 |
| Jun 2025 | 26.35 | 42.2% | $31.09 | $1.18 |
| Mar 2025 | 18.53 | -43.04% | $29.64 | $1.6 |
| Dec 2024 | 32.53 | 30.07% | $30.58 | $0.94 |
| Sep 2024 | 25.01 | 34.25% | $33.51 | $1.34 |
| Jun 2024 | 18.63 | -13.19% | $26.27 | $1.41 |
| Mar 2024 | 21.46 | 29.9% | $26.18 | $1.22 |
| Dec 2023 | 16.52 | 3.38% | $22.96 | $1.39 |
| Sep 2023 | 15.98 | -3.73% | $20.61 | $1.29 |
| Jun 2023 | 16.6 | 8.78% | $23.91 | $1.44 |
| Mar 2023 | 15.26 | -18.74% | $23.19 | $1.52 |
| Dec 2022 | 18.78 | 67.83% | $27.98 | $1.49 |
| Sep 2022 | 11.19 | -10.34% | $26.96 | $2.41 |
HIW Price vs fair value
HIW 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, HIW's PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 37.93, HIW ranks higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 25.41, Highwoods Properties's price to earnings (P/E) is 49% higher.
HIW PE vs peers
HIW's PE ratio stands lower than its peer stock DOC, but it is higher than SPG's and AMH's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SPG Simon Property Group Inc | 15.72 | $73.31B |
| AMH American Homes 4 Rent | 27.71 | $12.29B |
| HIW Highwoods Properties Inc | 37.93 | $3.51B |
| DOC Healthpeak Properties Inc. | 68.41 | $15.09B |
| INN Summit Hotel Properties Inc | N/A | $735.8M |
Frequently asked questions
What is Highwoods Properties's PE ratio?
HIW stock has a price to earnings ratio of 37.93 as of Jul 2, 2026.
What is the 3-year average PE ratio for Highwoods Properties (HIW)?
As an average over the last 3 years, HIW stock has a PE ratio of 22.34.
What is the 5-year average PE ratio for Highwoods Properties (HIW)?
As an average over the last 5 years, HIW stock has a PE ratio of 19.38.
What is the highest PE ratio for HIW?
The highest quarterly PE ratio in the last ten years has been 41.99 and it was in the Mar 2017 quarter.
How does the current PE ratio for HIW compare to its historical average?
The current PE ratio of HIW is 71% higher than the 10-year historical average.
How is HIW's PE ratio calculated (Highwoods Properties PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 2, 2026), Highwoods Properties's share price is $31.86. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.84. Therefore, Highwoods Properties's PE ratio for today is 37.93. PE RATIO(37.93) = STOCK PRICE($31.86) / TTM EPS($0.84)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.