IIPR Innovative Industrial Properties PE ratio, current and historical analysis
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- Real Estate
- NYSE: IIPR
- PE Ratio
The P/E ratio for Innovative Industrial Properties stock stands at 9.96 as of Jul 17, 2025. This is calculated based on the TTM EPS of $5.25 and the stock price of $52.29 per share. A decrease of 39% has been observed in the PE ratio compared to its average of 16.3 of the past four quarters.
IIPR PE ratio history
Over the last eight years, the average PE ratio of Innovative Industrial Properties has been 45.0. The current 9.96 price-to-earnings ratio is 78% less than the historical average. Analyzing the last eight years, IIPR's PE ratio reached its highest point in the Mar 2018 quarter at 191.07, with a price of $26.75 and an EPS of $0.14. The Mar 2025 quarter saw the lowest point at 10.3, with a price of $54.09 and an EPS of $5.25.
Innovative Industrial Properties PE ratio by year
Maximum annual increase: 51.59% in 2020
Maximum annual decrease: -67.53% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 11.94 | -31.06% | $66.64 | $5.58 |
| 2023 | 17.32 | -4.84% | $100.82 | $5.82 |
| 2022 | 18.2 | -67.53% | $101.35 | $5.57 |
| 2021 | 56.06 | 0.41% | $262.91 | $4.69 |
| 2020 | 55.83 | 51.59% | $183.13 | $3.28 |
| 2019 | 36.83 | -38.33% | $75.87 | $2.06 |
| 2018 | 59.72 | N/A | $45.39 | $0.76 |
| 2017 | N/A | N/A | $32.31 | -$0.13 |
| 2016 | N/A | N/A | $18.19 | N/A |
| 2015 | N/A | N/A | N/A | N/A |
| 2014 | N/A | N/A | N/A | N/A |
Innovative Industrial Properties PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 10.3 | -13.74% | $54.09 | $5.25 |
| Dec 2024 | 11.94 | -49.79% | $66.64 | $5.58 |
| Sep 2024 | 23.78 | 24.96% | $134.6 | $5.66 |
| Jun 2024 | 19.03 | 5.49% | $109.22 | $5.74 |
| Mar 2024 | 18.04 | 4.16% | $103.54 | $5.74 |
| Dec 2023 | 17.32 | 33.44% | $100.82 | $5.82 |
| Sep 2023 | 12.98 | 1.33% | $75.66 | $5.83 |
| Jun 2023 | 12.81 | -4.4% | $73.01 | $5.7 |
| Mar 2023 | 13.4 | -26.37% | $75.99 | $5.67 |
| Dec 2022 | 18.2 | 8.59% | $101.35 | $5.57 |
| Sep 2022 | 16.76 | -20.83% | $88.5 | $5.28 |
| Jun 2022 | 21.17 | -48.67% | $109.87 | $5.19 |
| Mar 2022 | 41.24 | -26.44% | $205.4 | $4.98 |
| Dec 2021 | 56.06 | 7.91% | $262.91 | $4.69 |
| Sep 2021 | 51.95 | 10.96% | $231.17 | $4.45 |
IIPR Price vs fair value
IIPR average PE ratio chart
Currently, IIPR's PE ratio is under its 3 and 5-year averages.
Frequently asked questions
What is Innovative Industrial Properties's PE ratio?
IIPR stock has a price to earnings ratio of 9.96 as of Jul 17, 2025.
What is the 3-year average PE ratio for Innovative Industrial Properties (IIPR)?
Over the last 3 years, the average PE ratio for IIPR stock is 15.87.
What is the 5-year average PE ratio for Innovative Industrial Properties (IIPR)?
Over the last 5 years, the average PE ratio for IIPR stock is 28.26.
What is the highest PE ratio for IIPR?
Over the last eight years, the quarterly PE ratio reached its highest level at 191.07 in the Mar 2018 quarter.
How does the current PE ratio for IIPR compare to its historical average?
The current PE ratio of IIPR is 78% lower than the 8-year historical average.
Why is Innovative Industrial Properties's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is IIPR's PE ratio calculated (Innovative Industrial Properties PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jul 17, 2025), Innovative Industrial Properties's share price is $52.29. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $5.25. Therefore, Innovative Industrial Properties's price to earnings ratio for today is 9.96. PE RATIO(9.96) = STOCK PRICE($52.29) / TTM EPS($5.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.