Question 1

What is Apartment Investment and Management's P/B ratio?

Accepted Answer

Apartment Investment and Management (AIV) P/B ratio is 0.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Apartment Investment and Management?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Apartment Investment and Management specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is Apartment Investment and Management's P/B ratio high or low?

Accepted Answer

Apartment Investment and Management's P/B ratio of 0.6× is below its own 5-year average of 4.4× and below the sector median of 2.1×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Apartment Investment and Management's historical P/B ratio range?

Accepted Answer

In the available daily series, Apartment Investment and Management (AIV) P/B ratio has ranged from a low of 0.1× in 2009 to a high of 10.1× in 2025. The 5-year average is 4.4× and the 5-year median is 4.0×.

Question 7

What was Apartment Investment and Management's P/B ratio in 2025?

Accepted Answer

Apartment Investment and Management (AIV) P/B ratio at the end of 2025 was 2.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Apartment Investment and Management's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$821.78M	$361.85M	2.3×	-7.8×	Dec 31, 2025
2024	$1.24B	$122.96M	10.1×	—	Dec 31, 2024
2023	—	—	—	—	Dec 31, 2023
2022	—	—	—	—	Dec 31, 2022
2021	—	—	—	—	Dec 31, 2021
2020	—	—	—	—	Dec 31, 2020
2019	—	—	—	—	Dec 31, 2019
2017	—	—	—	—	Dec 31, 2017
2016	—	—	—	—	Dec 31, 2016
2014	—	—	—	—	Dec 31, 2014
2013	—	—	—	—	Dec 31, 2013
2012	—	—	—	—	Dec 31, 2012
2011	$356.24M	$908.00M	0.4×	+0.0×	Dec 31, 2011
2010	$389.75M	$1.07B	0.4×	+0.2×	Dec 31, 2010
2009	$238.29M	$1.27B	0.2×	+0.1×	Dec 31, 2009
2008	$136.60M	$1.27B	0.1×	-0.2×	Dec 31, 2008
2007	$619.03M	$1.75B	0.4×	-0.1×	Dec 31, 2007
2006	$1.02B	$2.34B	0.4×	+0.2×	Dec 31, 2006
2005	$679.90M	$2.72B	0.3×	+0.0×	Dec 31, 2005
2004	$687.93M	$3.01B	0.2×	+0.0×	Dec 31, 2004
2003	$613.18M	$2.86B	0.2×	+0.0×	Dec 31, 2003
2002	$660.18M	$3.16B	0.2×	-0.0×	Dec 31, 2002
2001	$654.67M	$2.71B	0.2×	-0.0×	Dec 31, 2001
2000	$684.95M	$2.50B	0.3×	—	Dec 31, 2000


Ventas (VTR)	3.0×
Essex Property Trust (ESS)	2.9×
Federal Realty Investment Trust (FRT)	2.8×
Digital Realty Trust (DLR)	2.7×
Mid-America Apartment Communities (MAA)	2.6×
Camden Property Trust (CPT)	2.5×
Prologis (PLD)	2.3×
CoStar Group (CSGP)	2.1×
Equity Residential (EQR)	2.1×
Regency Centers (REG)	2.1×
Extra Space Storage (EXR)	2.1×
AvalonBay Communities (AVB)	1.9×
Host Hotels & Resorts (HST)	1.9×
STAG Industrial (STAG)	1.9×
NNN REIT (NNN)	1.8×
Invitation Homes (INVH)	1.7×
BXP (BXP)	1.6×
Healthpeak Properties (DOC)	1.5×
Kimco Realty (KIM)	1.5×
Agree Realty (ADC)	1.4×
Realty Income (O)	1.4×
VICI Properties (VICI)	1.0×
Medical Properties Trust (MPT)	0.6×
Alexandria Real Estate Equities (ARE)	0.6×
Arbor Realty Trust (ABR)	0.5×

P/B Ratio for Apartment Investment and Management (AIV)

P/B Ratio daily chart for Apartment Investment and Management (AIV)

Historical P/B Ratio for Apartment Investment and Management (AIV) from 2000 to 2025

About P/B Ratio at Apartment Investment and Management (AIV)

Apartment Investment and Management P/B Ratio by Year

Apartment Investment and Management P/B Ratio 2025: 2.3×

Apartment Investment and Management P/B Ratio 2024: 10.1×

Apartment Investment and Management P/B Ratio 2011: 0.4×

Apartment Investment and Management P/B Ratio 2010: 0.4×

Apartment Investment and Management P/B Ratio 2009: 0.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Apartment Investment and Management (AIV) Key Financials

P/B Ratio daily chart for Apartment Investment and Management (AIV)

Historical P/B Ratio for Apartment Investment and Management (AIV) from 2000 to 2025

About P/B Ratio at Apartment Investment and Management (AIV)

Apartment Investment and Management P/B Ratio by Year

Apartment Investment and Management P/B Ratio 2025: 2.3×

Apartment Investment and Management P/B Ratio 2024: 10.1×

Apartment Investment and Management P/B Ratio 2011: 0.4×

Apartment Investment and Management P/B Ratio 2010: 0.4×

Apartment Investment and Management P/B Ratio 2009: 0.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Apartment Investment and Management's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Apartment Investment and Management?

+Is Apartment Investment and Management's P/B ratio high or low?

+What is Apartment Investment and Management's historical P/B ratio range?

+What was Apartment Investment and Management's P/B ratio in 2025?

+Why does Apartment Investment and Management's P/B ratio change over time?

Apartment Investment and Management (AIV) Key Financials