SAFE
Safehold
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: SAFE
- PE Ratio
The current PE ratio for Safehold stock as of Jul 2, 2026 is 10.31. This is calculated based on the TTM EPS of $1.59 and the stock price of $16.39 per share. The PE ratio has grown by 9% from its last 4 quarters average of 9.5.
SAFE PE ratio history
The average historical PE ratio of Safehold for the last ten years is 18.47. The current price-to-earnings ratio of 10.31 is 44% less than the historical average. Analyzing the last ten years, SAFE's PE ratio reached its highest point in the Dec 2021 quarter at 122.3, when the price was $161.44 and the EPS was $1.32. The lowest point was recorded in the Mar 2020 quarter, when it reached 2.33 with a price of $66.31 and an EPS of $28.4.
Safehold PE ratio by year
Maximum annual decrease: -82.03% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 8.56 | -31.47% | $13.69 | $1.6 |
| 2024 | 12.49 | N/A | $18.48 | $1.48 |
| 2023 | N/A | N/A | $23.4 | -$0.82 |
| 2022 | 21.98 | -82.03% | $47.69 | $2.17 |
| 2021 | 122.3 | N/A | $161.44 | $1.32 |
| 2020 | N/A | N/A | $92.81 | -$5.4 |
| 2019 | 3.22 | N/A | $90.69 | $28.2 |
| 2018 | N/A | N/A | $57.31 | -$5.9 |
| 2017 | 7.21 | -65.03% | $70.63 | $9.8 |
| 2016 | 20.62 | N/A | $77.31 | $3.75 |
| 2015 | N/A | N/A | $73.31 | -$3.88 |
| 2014 | N/A | N/A | $85.31 | -$2.5 |
| 2013 | N/A | N/A | $89.19 | -$11.4 |
| 2012 | N/A | N/A | $50.94 | -$20.4 |
| 2011 | N/A | N/A | $33.06 | -$4.38 |
Safehold PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.51 | -0.58% | $13.53 | $1.59 |
| Dec 2025 | 8.56 | -13.27% | $13.69 | $1.6 |
| Sep 2025 | 9.87 | -9.28% | $15.49 | $1.57 |
| Jun 2025 | 10.88 | -15.13% | $15.56 | $1.43 |
| Mar 2025 | 12.82 | 2.64% | $18.72 | $1.46 |
| Dec 2024 | 12.49 | -15.72% | $18.48 | $1.48 |
| Sep 2024 | 14.82 | N/A | $26.23 | $1.77 |
| Jun 2024 | N/A | N/A | $19.29 | -$0.31 |
| Mar 2024 | N/A | N/A | $20.6 | -$0.38 |
| Dec 2023 | N/A | N/A | $23.4 | -$0.82 |
| Sep 2023 | N/A | N/A | $17.8 | -$1.05 |
| Jun 2023 | 13.18 | -18.79% | $23.73 | $1.8 |
| Mar 2023 | 16.23 | -26.16% | $29.37 | $1.81 |
| Dec 2022 | 21.98 | N/A | $47.69 | $2.17 |
| Sep 2022 | N/A | N/A | $57.88 | -$5.66 |
SAFE Price vs fair value
SAFE 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.
SAFE's current PE ratio is under its 3, 5 and 10-year averages.
PE comparison
Safehold's price to earnings (P/E) of 10.31 is lower than the Real Estate sector, the industry and its peers average. Looking at the Real Estate sector average of 25.41, Safehold's price to earnings (P/E) is 59% lower.
SAFE PE vs peers
When compared to its peer stocks BXP and VNO, SAFE's PE ratio is lower. Safehold is currently trading at a lower PE ratio (10.31) than its peers average of 26.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SAFE Safehold Inc. | 10.31 | $1.17B |
| VNO Vornado Realty Trust | 10.62 | $7.63B |
| KRC Kilroy Realty Corp | 21.25 | $4.57B |
| ESRT Empire State Realty Trust Inc | 25.86 | $981.13M |
| BXP Boston Properties Inc | 34.66 | $11.05B |
| HIW Highwoods Properties Inc | 37.93 | $3.51B |
| ARE Alexandria Real Estate Equities Inc | N/A | $9.16B |
| SLG Sl Green Realty Corp | N/A | $3.8B |
| CUZ Cousins Properties Inc | N/A | $5.11B |
| HPP Hudson Pacific Properties Inc | N/A | $917.23M |
Frequently asked questions
What is Safehold's PE ratio?
The price to earnings ratio for SAFE stock is 10.31 as of Jul 2, 2026.
What is the 3-year average PE ratio for Safehold (SAFE)?
The 3-year average PE ratio for SAFE stock is 11.14.
What is the 5-year average PE ratio for Safehold (SAFE)?
The 5-year average PE ratio for SAFE stock is 26.39.
What is the highest PE ratio for SAFE?
The highest quarterly PE ratio in the last ten years has been 122.3 and it was in the Dec 2021 quarter.
How does the current PE ratio for SAFE compare to its historical average?
The current PE ratio of SAFE is 44% lower than the 10-year historical average.
How is SAFE's PE ratio calculated (Safehold PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 2, 2026), Safehold's share price is $16.39. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.59. Therefore, Safehold's price to earnings ratio for today is 10.31. PE RATIO(10.31) = STOCK PRICE($16.39) / TTM EPS($1.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.