Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 21.82 as of 2026-09-12T00:15:12.040Z.
Consensus retrieved: 2026-09-10T23:17:57.232Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-12T00:15:12.040Z.
Quote observation: 2026-09-11T20:02:49.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 1d3dc6483fa6ff903819fdbaeb0b3acc9d7be72b5909b7a70990d52ba75e0cff
Forward PE Ratio (21.82) = Dated Quote Price ($15.55) / Consensus Forward EPS ($0.71)
FORWARD PE RATIO
21.82
SECTOR MEDIAN · REAL ESTATE
31.61
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
-30.98%
vs the sector median at left
Apple Hospitality REIT, Inc.
Market Cap
$3.67B
Forward PE Ratio
21.82
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.67B | 21.82 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.51B | N/A |
| Opendoor Technologies Inc. (OPEN)vs › | $2.69B | N/A |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.05B | 37.03 |
| Terreno Realty Corporation (TRNO)vs › | $6.94B | 30.93 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.14B | 24.52 |
| NNN REIT, Inc. (NNN)vs › | $8.35B | 21.36 |
| Agree Realty Corporation (ADC)vs › | $8.55B | 37.43 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.91B | 33.73 |
| CubeSmart (CUBE)vs › | $8.95B | 25.65 |
Trailing P/E
21.0
reported TTM EPS
Forward P/E
21.8
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $0.71 implies -4.1% EPS decline vs the reported trailing $0.74.
At the dated quote price of $15.55, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $0.71 | $0.70 – $0.72 | 3 | 21.8x |
| 2027-12-31 | $0.73 | $0.72 – $0.73 | 3 | 21.4x |
| 2028-12-31 | $0.84 | $0.83 – $0.85 | 1 | 18.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
