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 22.21 as of 2026-09-23T20:20:32.850Z.
Consensus retrieved: 2026-09-13T22:14:52.406Z. 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: 2026-09-23T20:20:32.850Z.
Quote observation: 2026-09-23T20:02:47.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 81d02b8bfb7d3ee17b5a1879cf6512cac2a4256b72bf2198d3e2e04d96be0a9a
Forward PE Ratio (22.21) = Dated Quote Price ($15.83) / Consensus Forward EPS ($0.71)
FORWARD PE RATIO
22.21
SECTOR MEDIAN · REAL ESTATE
31.07
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-28.52%
vs the sector median at left
Apple Hospitality REIT, Inc.
Market Cap
$3.74B
Forward PE Ratio
22.21
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.74B | 22.21 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.07B | N/A |
| Opendoor Technologies Inc. (OPEN)vs › | $2.49B | N/A |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.05B | 37.20 |
| Terreno Realty Corporation (TRNO)vs › | $7.02B | 31.29 |
| NNN REIT, Inc. (NNN)vs › | $7.86B | 20.12 |
| Agree Realty Corporation (ADC)vs › | $8.06B | 35.35 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.10B | 24.40 |
| CubeSmart (CUBE)vs › | $8.64B | 24.74 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.04B | 34.20 |
Trailing P/E
21.4
reported TTM EPS
Forward P/E
22.2
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 $15.83, 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 | 22.2x |
| 2027-12-31 | $0.73 | $0.72 – $0.73 | 3 | 21.8x |
| 2028-12-31 | $0.84 | $0.83 – $0.85 | 1 | 18.8x |
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
