TRNO
Terreno Realty
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: TRNO
- PE Ratio
As of Jun 22, 2026, the Terreno Realty stock's price-to-earnings ratio is 15.8. This results from the current EPS of $4.1 and stock price of $64.79. The PE ratio has decreased by 10% from the past four quarters average of 17.5.
TRNO PE ratio history
The PE ratio of Terreno Realty has averaged 47.44 over the last ten years. The current price-to-earnings ratio of 15.8 is 67% less than the historical average. In the past ten years, TRNO's PE ratio reached its highest point in the Mar 2017 quarter at 133.33, when the stock price was $28 and the EPS was $0.21. The lowest point was recorded in the Dec 2025 quarter, when it reached 14.98 with a price of $58.71 and an EPS of $3.92.
Terreno Realty PE ratio by year
Maximum annual increase: 95.07% in 2019
Maximum annual decrease: -68.58% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 14.98 | -51.36% | $58.71 | $3.92 |
| 2024 | 30.8 | -11.03% | $59.14 | $1.92 |
| 2023 | 34.62 | 58.88% | $62.67 | $1.81 |
| 2022 | 21.79 | -68.58% | $56.87 | $2.61 |
| 2021 | 69.34 | 38.65% | $85.29 | $1.23 |
| 2020 | 50.01 | -20.56% | $58.51 | $1.17 |
| 2019 | 62.95 | 95.07% | $54.14 | $0.86 |
| 2018 | 32.27 | -12.57% | $35.17 | $1.09 |
| 2017 | 36.91 | -66.32% | $35.06 | $0.95 |
| 2016 | 109.58 | 25.95% | $28.49 | $0.26 |
| 2015 | 87 | -3.01% | $22.62 | $0.26 |
| 2014 | 89.7 | -23.98% | $20.63 | $0.23 |
| 2013 | 118 | 45.21% | $17.7 | $0.15 |
| 2012 | 81.26 | N/A | $15.44 | $0.19 |
| 2011 | N/A | N/A | $15.14 | -$0.41 |
Terreno Realty PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 14.98 | 0% | $61.42 | $4.1 |
| Dec 2025 | 14.98 | -16.59% | $58.71 | $3.92 |
| Sep 2025 | 17.96 | -18.95% | $56.75 | $3.16 |
| Jun 2025 | 22.16 | -29.9% | $56.07 | $2.53 |
| Mar 2025 | 31.61 | 2.63% | $63.22 | $2 |
| Dec 2024 | 30.8 | -16.12% | $59.14 | $1.92 |
| Sep 2024 | 36.72 | 12.29% | $66.83 | $1.82 |
| Jun 2024 | 32.7 | -5.44% | $59.18 | $1.81 |
| Mar 2024 | 34.58 | -0.12% | $66.4 | $1.92 |
| Dec 2023 | 34.62 | 15.82% | $62.67 | $1.81 |
| Sep 2023 | 29.89 | -8.48% | $56.8 | $1.9 |
| Jun 2023 | 32.66 | 33.47% | $60.1 | $1.84 |
| Mar 2023 | 24.47 | 12.3% | $64.6 | $2.64 |
| Dec 2022 | 21.79 | -6.24% | $56.87 | $2.61 |
| Sep 2022 | 23.24 | -4.91% | $52.99 | $2.28 |
TRNO Price vs fair value
TRNO 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.
The current PE ratio of TRNO is lower than the 3, 5 and 10-year averages.
PE comparison
With a P/E of 15.8, TRNO stands below the Real Estate sector, the industry and its peers average. Looking at its Real Estate sector average of 23.85, Terreno Realty's P/E is 34% lower.
TRNO PE vs peers
TRNO's PE ratio is less than its peer stocks MAA and REXR, but it is above SUI's. Terreno Realty's current PE ratio of 15.8 is less than the average of its peers, which is 29.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SUI Sun Communities Inc | 10.81 | $14.73B |
| TRNO Terreno Realty Corp | 16.01 | $6.98B |
| STAG STAG Industrial Inc | 30.14 | $7.43B |
| REXR Rexford Industrial Realty Inc | 36.22 | $7.6B |
| MAA Mid America Apartment Communities Inc | 40.45 | $15.58B |
Frequently asked questions
What is Terreno Realty's PE ratio?
As of Jun 22, 2026, TRNO stock has a price to earnings ratio of 15.8.
What is the 3-year average PE ratio for Terreno Realty (TRNO)?
The average PE ratio for TRNO stock over the past 3 years is 27.81.
What is the 5-year average PE ratio for Terreno Realty (TRNO)?
The average PE ratio for TRNO stock over the past 5 years is 34.23.
What is the highest PE ratio for TRNO?
Over the last ten years, the quarterly PE ratio reached a historic high of 133.33 in the Mar 2017 quarter.
How does the current PE ratio for TRNO compare to its historical average?
TRNO's price to earnings ratio is currently 67% below its 10-year historical average.
How is TRNO's PE ratio calculated (Terreno Realty PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 22, 2026), Terreno Realty's stock price is $64.79. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $4.1. Therefore, Terreno Realty's price to earnings ratio for today is 15.8. PE RATIO(15.8) = STOCK PRICE($64.79) / TTM EPS($4.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.