O
Realty Income
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: O
- PE Ratio
The PE ratio for Realty Income stock stands at 49.25 as of Jun 22, 2026. This is calculated based on the TTM EPS of $1.23 and the stock price of $60.58 per share. A decrease of 6% has been observed in the PE ratio compared to its average of 52.5 of the last four quarters.
O PE ratio history
Over the last ten years, the average PE ratio of Realty Income has been 53.05. The current 49.25 P/E ratio is 7% lower than the historical average. Looking back at the last ten years, O's PE ratio peaked in the Dec 2021 quarter at 82.29, with a price of $71.59 and an EPS of $0.87. The Mar 2020 quarter marked the lowest point at 34.15, with a price of $49.86 and an EPS of $1.46.
Realty Income PE ratio by year
Maximum annual increase: 52.22% in 2021
Maximum annual decrease: -45.72% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 48.18 | -11.6% | $56.37 | $1.17 |
| 2024 | 54.5 | 19.6% | $53.41 | $0.98 |
| 2023 | 45.57 | 2.01% | $57.42 | $1.26 |
| 2022 | 44.67 | -45.72% | $63.43 | $1.42 |
| 2021 | 82.29 | 52.22% | $71.59 | $0.87 |
| 2020 | 54.06 | 1.31% | $62.17 | $1.15 |
| 2019 | 53.36 | 6.66% | $73.63 | $1.38 |
| 2018 | 50.03 | -3.49% | $63.04 | $1.26 |
| 2017 | 51.84 | 1.91% | $57.02 | $1.1 |
| 2016 | 50.87 | 7.39% | $57.48 | $1.13 |
| 2015 | 47.37 | 3.25% | $51.63 | $1.09 |
| 2014 | 45.88 | 30.27% | $47.71 | $1.04 |
| 2013 | 35.22 | -24.68% | $37.33 | $1.06 |
| 2012 | 46.76 | 40.42% | $40.21 | $0.86 |
| 2011 | 33.3 | -1.65% | $34.96 | $1.05 |
Realty Income PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 49.74 | 3.24% | $61.18 | $1.23 |
| Dec 2025 | 48.18 | -14.41% | $56.37 | $1.17 |
| Sep 2025 | 56.29 | 0.64% | $60.79 | $1.08 |
| Jun 2025 | 55.93 | 7.02% | $57.61 | $1.03 |
| Mar 2025 | 52.26 | -4.11% | $58.01 | $1.11 |
| Dec 2024 | 54.5 | -8.91% | $53.41 | $0.98 |
| Sep 2024 | 59.83 | 23.46% | $63.42 | $1.06 |
| Jun 2024 | 48.46 | -3.25% | $52.82 | $1.09 |
| Mar 2024 | 50.09 | 9.92% | $54.1 | $1.08 |
| Dec 2023 | 45.57 | 20.46% | $57.42 | $1.26 |
| Sep 2023 | 37.83 | -14.59% | $49.94 | $1.32 |
| Jun 2023 | 44.29 | 0.02% | $59.79 | $1.35 |
| Mar 2023 | 44.28 | -0.87% | $63.32 | $1.43 |
| Dec 2022 | 44.67 | -23.25% | $63.43 | $1.42 |
| Sep 2022 | 58.2 | -16.44% | $58.2 | $1 |
O Price vs fair value
O 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, O's PE ratio is lower than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 49.25, O ranks higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 23.85, Realty Income's price to earnings (P/E) is 106% higher.
O PE vs peers
O's PE ratio stands higher than its peer stocks WMT and CVS.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DG Dollar General Corp | 16.14 | $25.27B |
| WMT Walmart Inc | 41.9 | $950.35B |
| CVS CVS HEALTH Corp | 43.78 | $129.6B |
| O Realty Income Corp | 50.02 | $57.38B |
| AMC Amc Entertainment Holdings Inc | N/A | $1.27B |
Frequently asked questions
What is Realty Income's PE ratio?
As of Jun 22, 2026, O stock has a price to earnings ratio of 49.25.
What is the 3-year average PE ratio for Realty Income (O)?
The average PE ratio for O stock over the past 3 years is 50.25.
What is the 5-year average PE ratio for Realty Income (O)?
The average PE ratio for O stock over the past 5 years is 54.68.
What is the highest PE ratio for O?
Over the last ten years, the quarterly PE ratio reached its highest level at 82.29 in the Dec 2021 quarter.
How does the current PE ratio for O compare to its historical average?
The current PE ratio of O is 7% lower than the 10-year historical average.
How is O's PE ratio calculated (Realty Income PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 22, 2026), Realty Income's share price is $60.58. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.23. Therefore, Realty Income's PE ratio for today is 49.25. PE RATIO(49.25) = STOCK PRICE($60.58) / TTM EPS($1.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.