Question 1

What is Crown Castle's P/E ratio?

Accepted Answer

Crown Castle (CCI) P/E ratio is 31.3× as of July 22, 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 Crown Castle?

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 Crown Castle specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

Is Crown Castle's P/E ratio high or low?

Accepted Answer

Crown Castle's P/E ratio of 31.3× is below its own 5-year average of 44.7× and above the sector median of 28.1×. That places the current reading at the 25th 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 Crown Castle's historical P/E ratio range?

Accepted Answer

In the available daily series, Crown Castle (CCI) P/E ratio has ranged from a low of 15.8× in 2004 to a high of 288.4× in 2013. The 5-year average is 44.7× and the 5-year median is 35.1×.

Question 7

What was Crown Castle's P/E ratio in 2025?

Accepted Answer

Crown Castle (CCI) P/E ratio at the end of 2025 was 87.1×. 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 Crown Castle'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	$38.7B	$444M	87.1×	—	Dec 31, 2025
2024	$39.4B	-$3.9B	—	—	Dec 31, 2024
2023	$50B	$1.5B	33.3×	-1.8×	Dec 31, 2023
2022	$58.7B	$1.68B	35.1×	-47.2×	Dec 31, 2022
2021	$90.2B	$1.1B	82.3×	+17.3×	Dec 31, 2021
2020	$68.6B	$1.06B	65.0×	-3.9×	Dec 31, 2020
2019	$59.1B	$859M	68.8×	+1.7×	Dec 31, 2019
2018	$45.1B	$671M	67.2×	-34.3×	Dec 31, 2018
2017	$45.1B	$444M	101.5×	+13.2×	Dec 31, 2017
2016	$30.6B	$346M	88.3×	+33.2×	Dec 31, 2016
2015	$28.8B	$522M	55.2×	-28.2×	Dec 31, 2015
2014	$26.2B	$314M	83.3×	-205.0×	Dec 31, 2014
2013	$22.7B	$78.7M	288.4×	+179.1×	Dec 31, 2013
2012	$20.6B	$189M	109.3×	+35.7×	Dec 31, 2012
2011	$12.6B	$171M	73.6×	—	Dec 31, 2011
2010	$12.6B	-$311M	—	—	Dec 31, 2010
2009	$11.2B	-$114M	—	—	Dec 31, 2009
2008	$5.02B	-$48.9M	—	—	Dec 31, 2008
2007	$11.6B	-$223M	—	—	Dec 31, 2007
2006	$8.83B	-$41.9M	—	—	Dec 31, 2006
2005	$5.75B	-$402M	—	—	Dec 31, 2005
2004	$3.71B	$235M	15.8×	—	Dec 31, 2004
2003	$2.41B	-$398M	—	—	Dec 31, 2003
2002	$807M	-$273M	—	—	Dec 31, 2002


Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Agree Realty (ADC)	41.1×
Mid-America Apartment Communities (MAA)	36.5×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Prologis (PLD)	30.0×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
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×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
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 Crown Castle (CCI) 2004-2026

P/E Ratio daily chart for Crown Castle (CCI)

Historical P/E Ratio for Crown Castle (CCI) from 2002 to 2025

About P/E Ratio at Crown Castle (CCI)

Crown Castle P/E Ratio by Year

Crown Castle P/E Ratio 2025: 87.1×

Crown Castle P/E Ratio 2023: 33.3×

Crown Castle P/E Ratio 2022: 35.1×

Crown Castle P/E Ratio 2021: 82.3×

Crown Castle P/E Ratio 2020: 65.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Crown Castle (CCI) Key Financials