Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 23.31 as of Sunday, August 9, 2026.
Forward PE Ratio (23.31) = Close Price ($16.18) / Consensus Forward EPS ($0.69)
FORWARD PE RATIO
23.31
SECTOR MEDIAN · REAL ESTATE
34.67
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-32.78%
vs the sector median at left
Apple Hospitality REIT, Inc.
Market Cap
$3.82B
Forward PE Ratio
23.31
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.82B | 23.31 |
| Opendoor Technologies Inc. (OPEN)vs › | $3.36B | N/A |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.06B | 24.64 |
| Terreno Realty Corporation (TRNO)vs › | $7.31B | 35.32 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.44B | 25.36 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.67B | 24.63 |
| NNN REIT, Inc. (NNN)vs › | $8.91B | 23.01 |
| Agree Realty Corporation (ADC)vs › | $9.08B | 38.99 |
| CubeSmart (CUBE)vs › | $9.46B | 28.31 |
| Federal Realty Investment Trust (FRT)vs › | $10.25B | 29.63 |
Trailing P/E
21.9
reported TTM EPS
Forward P/E
23.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $0.69 implies -6.8% EPS decline vs the reported trailing $0.74.
At today's $16.18 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 | $0.69 | $0.68 – $0.70 | 3 | 23.3x |
| 2027-12-31 | $0.71 | $0.70 – $0.72 | 3 | 22.7x |
| 2028-12-31 | $0.87 | $0.85 – $0.88 | 1 | 18.7x |
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
