Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.29.
Forward PE Ratio (11.29) = Close Price ($68.14) / Consensus Forward EPS ($6.04)
FORWARD PE RATIO
11.29
SECTOR MEDIAN · REAL ESTATE
31.88
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-64.59%
vs the sector median at left
AvalonBay Communities, Inc.
Market Cap
$26.28B
Forward PE Ratio
11.29
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $26.28B | 11.29 |
| VICI Properties Inc. (VICI)vs › | $28.01B | 9.13 |
| Equity Residential (EQR)vs › | $23.87B | 44.91 |
| Extra Space Storage Inc. (EXR)vs › | $29.49B | 30.15 |
| SBA Communications Corporation (SBAC)vs › | $19.92B | 24.62 |
| Crown Castle Inc. (CCI)vs › | $33.27B | 39.32 |
| Essex Property Trust, Inc. (ESS)vs › | $17.90B | 49.30 |
| Iron Mountain Incorporated (IRM)vs › | $35.27B | 46.86 |
| Invitation Homes Inc. (INVH)vs › | $16.88B | 28.22 |
| Weyerhaeuser Company (WY)vs › | $16.44B | 70.06 |
Trailing P/E
9.4
reported TTM EPS
Forward P/E
11.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $6.04 implies -16.8% EPS decline vs the reported trailing $7.26.
At today's $68.14 close, 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 | $6.04 | $5.92 – $6.11 | 4 | 11.3x |
| 2027-12-31 | $5.36 | $5.29 – $5.45 | 7 | 12.7x |
| 2028-12-31 | $5.76 | $5.06 – $7.43 | 6 | 11.8x |
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
