Question 1

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

Accepted Answer

Apartment Investment and Management (AIV) P/S ratio is 2.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Apartment Investment and Management specifically, the relevant sector benchmark is the current sector median of 6.4×.

Question 5

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

Accepted Answer

Apartment Investment and Management's P/S ratio of 2.9× is below its own 5-year average of 5.7× and below the sector median of 6.4×. 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/S ratio range?

Accepted Answer

In the available daily series, Apartment Investment and Management (AIV) P/S ratio has ranged from a low of 0.1× in 2009 to a high of 7.5× in 2022. The 5-year average is 5.7× and the 5-year median is 5.8×.

Question 7

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

Accepted Answer

Apartment Investment and Management (AIV) P/S ratio at the end of 2025 was 4.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$822M	$175M	4.7×	-1.8×	Dec 31, 2025
2024	$1.24B	$191M	6.5×	—	Dec 31, 2024
2023	—	$187M	—	—	Dec 31, 2023
2022	—	$191M	—	—	Dec 31, 2022
2021	—	$171M	—	—	Dec 31, 2021
2020	—	$152M	—	—	Dec 31, 2020
2019	—	$867M	—	—	Dec 31, 2019
2017	—	$1.01B	—	—	Dec 31, 2017
2016	—	$996M	—	—	Dec 31, 2016
2014	—	$984M	—	—	Dec 31, 2014
2013	—	$974M	—	—	Dec 31, 2013
2012	—	$959M	—	—	Dec 31, 2012
2011	$356M	$982M	0.4×	-0.1×	Dec 31, 2011
2010	$390M	$931M	0.4×	+0.2×	Dec 31, 2010
2009	$238M	$1.13B	0.2×	+0.1×	Dec 31, 2009
2008	$137M	$1.24B	0.1×	-0.3×	Dec 31, 2008
2007	$619M	$1.38B	0.4×	-0.2×	Dec 31, 2007
2006	$1.02B	$1.6B	0.6×	+0.2×	Dec 31, 2006
2005	$680M	$1.41B	0.5×	-0.0×	Dec 31, 2005
2004	$688M	$1.38B	0.5×	+0.1×	Dec 31, 2004
2003	$613M	$1.4B	0.4×	-0.0×	Dec 31, 2003
2002	$660M	$1.39B	0.5×	+0.0×	Dec 31, 2002
2001	$655M	$1.38B	0.5×	—	Dec 31, 2001


Regency Centers (REG)	8.4×
Extra Space Storage (EXR)	8.1×
STAG Industrial (STAG)	8.0×
AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Kimco Realty (KIM)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
Weyerhaeuser (WY)	2.5×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Apartment Investment and Management (AIV) 2001-2026

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

Historical P/S Ratio for Apartment Investment and Management (AIV) from 2001 to 2025

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

Apartment Investment and Management P/S Ratio by Year

Apartment Investment and Management P/S Ratio 2025: 4.7×

Apartment Investment and Management P/S Ratio 2024: 6.5×

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

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

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

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Apartment Investment and Management (AIV) Key Financials