Question 1

What is AvalonBay Communities's P/S ratio?

Accepted Answer

AvalonBay Communities (AVB) P/S ratio is 8.7× as of June 5, 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 AvalonBay Communities?

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 AvalonBay Communities specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

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

Accepted Answer

AvalonBay Communities's P/S ratio of 8.7× is below its own 5-year average of 10.5× and above the sector median of 7.0×. That places the current reading at the 13th 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/S ratio range?

Accepted Answer

In the available daily series, AvalonBay Communities (AVB) P/S ratio has ranged from a low of 4.0× in 2003 to a high of 15.8× in 2022. The 5-year average is 10.5× and the 5-year median is 10.1×.

Question 7

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

Accepted Answer

AvalonBay Communities (AVB) P/S ratio at the end of 2025 was 8.4×. 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 AvalonBay Communities'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	$25.53B	$3.04B	8.4×	-2.3×	Dec 31, 2025
2024	$31.31B	$2.91B	10.7×	+1.1×	Dec 31, 2024
2023	$26.60B	$2.77B	9.6×	+0.9×	Dec 31, 2023
2022	$22.61B	$2.59B	8.7×	-6.7×	Dec 31, 2022
2021	$35.31B	$2.29B	15.4×	+5.7×	Dec 31, 2021
2020	$22.40B	$2.30B	9.7×	-2.9×	Dec 31, 2020
2019	$29.31B	$2.32B	12.6×	+2.1×	Dec 31, 2019
2018	$24.07B	$2.28B	10.5×	-0.9×	Dec 31, 2018
2017	$24.64B	$2.16B	11.4×	-0.5×	Dec 31, 2017
2016	$24.33B	$2.05B	11.9×	-1.7×	Dec 31, 2016
2015	$25.22B	$1.86B	13.6×	+0.8×	Dec 31, 2015
2014	$21.59B	$1.69B	12.8×	+2.3×	Dec 31, 2014
2013	$15.28B	$1.45B	10.5×	-3.1×	Dec 31, 2013
2012	$13.88B	$1.02B	13.7×	+0.5×	Dec 31, 2012
2011	$12.44B	$948.92M	13.1×	+2.3×	Dec 31, 2011
2010	$9.70B	$893.24M	10.9×	+2.8×	Dec 31, 2010
2009	$6.72B	$830.78M	8.1×	+2.5×	Dec 31, 2009
2008	$4.77B	$851.11M	5.6×	-3.6×	Dec 31, 2008
2007	$7.26B	$788.46M	9.2×	-4.6×	Dec 31, 2007
2006	$10.12B	$731.69M	13.8×	+4.0×	Dec 31, 2006
2005	$6.57B	$671.42M	9.8×	+1.1×	Dec 31, 2005
2004	$5.46B	$628.17M	8.7×	+3.1×	Dec 31, 2004
2003	$3.35B	$603.76M	5.5×	+1.4×	Dec 31, 2003
2002	$2.64B	$630.96M	4.2×	-0.6×	Dec 31, 2002
2001	$3.25B	$680.90M	4.8×	—	Dec 31, 2001


STAG Industrial (STAG)	8.0×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Equity Residential (EQR)	7.1×
Kimco Realty (KIM)	7.0×
Federal Realty Investment Trust (FRT)	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×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Universal Health Realty Income Trust (UHT)	3.8×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
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 AvalonBay Communities (AVB)

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

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

About P/S Ratio at AvalonBay Communities (AVB)

AvalonBay Communities P/S Ratio by Year

AvalonBay Communities P/S Ratio 2025: 8.4×

AvalonBay Communities P/S Ratio 2024: 10.7×

AvalonBay Communities P/S Ratio 2023: 9.6×

AvalonBay Communities P/S Ratio 2022: 8.7×

AvalonBay Communities P/S Ratio 2021: 15.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

AvalonBay Communities (AVB) Key Financials

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

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

About P/S Ratio at AvalonBay Communities (AVB)

AvalonBay Communities P/S Ratio by Year

AvalonBay Communities P/S Ratio 2025: 8.4×

AvalonBay Communities P/S Ratio 2024: 10.7×

AvalonBay Communities P/S Ratio 2023: 9.6×

AvalonBay Communities P/S Ratio 2022: 8.7×

AvalonBay Communities P/S Ratio 2021: 15.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

AvalonBay Communities (AVB) Key Financials