The P/E ratio for Innovative Industrial Properties stock stands at 21.03 as of Jul 25, 2024. This is calculated based on the TTM EPS of $5.74 and the stock price of $120.74 per share. An increase of 38% has been observed in the PE ratio compared to its average of 15.3 of the past four quarters.
Over the last seven years, the average PE ratio of Innovative Industrial Properties has been 49.6. The current 21.03 price-to-earnings ratio is 58% less than the historical average. Analyzing the last seven 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 Jun 2023 quarter saw the lowest point at 12.81, with a price of $73.01 and an EPS of $5.7.
Maximum annual increase: 51.59% in 2020
Maximum annual decrease: -67.53% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 17.32 | -4.84% |
| 2022 | 18.2 | -67.53% |
| 2021 | 56.06 | 0.41% |
| 2020 | 55.83 | 51.59% |
| 2019 | 36.83 | -38.33% |
| 2018 | 59.72 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
Currently, IIPR's PE ratio is under its 3 and 5-year averages.
IIPR stock has a price to earnings ratio of 21.03 as of Jul 25, 2024.
Over the last 3 years, the average PE ratio for IIPR stock is 25.45.
Over the last 5 years, the average PE ratio for IIPR stock is 33.35.
Over the last seven years, the quarterly PE ratio reached its highest level at 191.07 in the Mar 2018 quarter.
The current PE ratio of IIPR is 58% lower than the 7-year historical average.
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 25, 2024), Innovative Industrial Properties's share price is $120.74. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.74. Therefore, Innovative Industrial Properties's price to earnings ratio for today is 21.03. PE RATIO(21.03) = STOCK PRICE($120.74) / TTM EPS($5.74)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.