Question 1

What is AvalonBay Communities's P/E ratio?

Accepted Answer

AvalonBay Communities (AVB) P/E ratio is 23.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for AvalonBay Communities?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For AvalonBay Communities specifically, the relevant sector benchmark is the current sector median of 27.5×.

Question 5

Is AvalonBay Communities's P/E ratio high or low?

Accepted Answer

AvalonBay Communities's P/E ratio of 23.4× is below its own 5-year average of 26.9× and below the sector median of 27.5×. That places the current reading at the 28th 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 AvalonBay Communities's historical P/E ratio range?

Accepted Answer

In the available daily series, AvalonBay Communities (AVB) P/E ratio has ranged from a low of 9.2× in 2009 to a high of 88.8× in 2011. The 5-year average is 26.9× and the 5-year median is 26.8×.

Question 7

What was AvalonBay Communities's P/E ratio in 2025?

Accepted Answer

AvalonBay Communities (AVB) P/E ratio at the end of 2025 was 24.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does AvalonBay Communities's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$25.53B	$1.05B	24.3×	-4.7×	Dec 31, 2025
2024	$31.31B	$1.08B	28.9×	+0.3×	Dec 31, 2024
2023	$26.60B	$928.83M	28.6×	+8.8×	Dec 31, 2023
2022	$22.61B	$1.14B	19.9×	-15.3×	Dec 31, 2022
2021	$35.31B	$1.00B	35.2×	+8.1×	Dec 31, 2021
2020	$22.40B	$825.67M	27.1×	-10.3×	Dec 31, 2020
2019	$29.31B	$783.93M	37.4×	+12.6×	Dec 31, 2019
2018	$24.07B	$971.70M	24.8×	-3.4×	Dec 31, 2018
2017	$24.64B	$874.46M	28.2×	+4.6×	Dec 31, 2017
2016	$24.33B	$1.03B	23.6×	-10.5×	Dec 31, 2016
2015	$25.22B	$740.27M	34.1×	+2.4×	Dec 31, 2015
2014	$21.59B	$682.05M	31.7×	-11.7×	Dec 31, 2014
2013	$15.28B	$352.55M	43.3×	+10.5×	Dec 31, 2013
2012	$13.88B	$422.88M	32.8×	+4.7×	Dec 31, 2012
2011	$12.44B	$441.62M	28.2×	-27.1×	Dec 31, 2011
2010	$9.70B	$175.33M	55.3×	+12.2×	Dec 31, 2010
2009	$6.72B	$155.97M	43.1×	+31.3×	Dec 31, 2009
2008	$4.77B	$402.79M	11.8×	-9.1×	Dec 31, 2008
2007	$7.26B	$347.29M	20.9×	-17.9×	Dec 31, 2007
2006	$10.12B	$260.81M	38.8×	+17.8×	Dec 31, 2006
2005	$6.57B	$313.68M	20.9×	-4.9×	Dec 31, 2005
2004	$5.46B	$211.05M	25.9×	+13.0×	Dec 31, 2004
2003	$3.35B	$260.78M	12.8×	-3.7×	Dec 31, 2003
2002	$2.64B	$159.75M	16.5×	+1.5×	Dec 31, 2002
2001	$3.25B	$216.50M	15.0×	—	Dec 31, 2001


Crown Castle (CCI)	33.5×
Prologis (PLD)	33.1×
Universal Health Realty Income Trust (UHT)	31.4×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Essex Property Trust (ESS)	27.1×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
Equity Residential (EQR)	23.3×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
Federal Realty Investment Trust (FRT)	18.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for AvalonBay Communities (AVB)

P/E Ratio daily chart for AvalonBay Communities (AVB)

Historical P/E Ratio for AvalonBay Communities (AVB) from 2001 to 2025

About P/E Ratio at AvalonBay Communities (AVB)

AvalonBay Communities P/E Ratio by Year

AvalonBay Communities P/E Ratio 2025: 24.3×

AvalonBay Communities P/E Ratio 2024: 28.9×

AvalonBay Communities P/E Ratio 2023: 28.6×

AvalonBay Communities P/E Ratio 2022: 19.9×

AvalonBay Communities P/E Ratio 2021: 35.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

AvalonBay Communities (AVB) Key Financials

P/E Ratio daily chart for AvalonBay Communities (AVB)

Historical P/E Ratio for AvalonBay Communities (AVB) from 2001 to 2025

About P/E Ratio at AvalonBay Communities (AVB)

AvalonBay Communities P/E Ratio by Year

AvalonBay Communities P/E Ratio 2025: 24.3×

AvalonBay Communities P/E Ratio 2024: 28.9×

AvalonBay Communities P/E Ratio 2023: 28.6×

AvalonBay Communities P/E Ratio 2022: 19.9×

AvalonBay Communities P/E Ratio 2021: 35.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is AvalonBay Communities's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for AvalonBay Communities?

+Is AvalonBay Communities's P/E ratio high or low?

+What is AvalonBay Communities's historical P/E ratio range?

+What was AvalonBay Communities's P/E ratio in 2025?

+Why does AvalonBay Communities's P/E ratio change over time?

AvalonBay Communities (AVB) Key Financials