Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 31.40 as of Monday, July 27, 2026.
Forward PE Ratio (31.40) = Close Price ($187.56) / Consensus Forward EPS ($6.04)
FORWARD PE RATIO
31.40
SECTOR MEDIAN · REAL ESTATE
35.89
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-12.51%
vs the sector median at left
AvalonBay Communities, Inc.
Market Cap
$26.65B
Forward PE Ratio
31.40
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $26.65B | 31.40 |
| Equity Residential (EQR)vs › | $25.21B | 46.63 |
| VICI Properties Inc. (VICI)vs › | $28.60B | 9.07 |
| Extra Space Storage Inc. (EXR)vs › | $31.33B | 32.00 |
| Crown Castle Inc. (CCI)vs › | $32.39B | 37.50 |
| Essex Property Trust, Inc. (ESS)vs › | $18.68B | 49.28 |
| SBA Communications Corporation (SBAC)vs › | $18.31B | 23.36 |
| Kimco Realty Corporation (KIM)vs › | $17.79B | 31.78 |
| Invitation Homes Inc. (INVH)vs › | $17.60B | 38.58 |
| Weyerhaeuser Company (WY)vs › | $17.24B | 74.25 |
Trailing P/E
23.6
reported TTM EPS
Forward P/E
31.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $6.04 implies -24.9% EPS decline vs the reported trailing $8.04.
At today's $187.56 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.
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
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $6.04 | $5.94 – $6.10 | 4 | 31.1x |
| 2027-12-31 | $5.35 | $5.29 – $5.44 | 7 | 35.1x |
| 2028-12-31 | $5.74 | $5.06 – $7.42 | 6 | 32.7x |
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.
