Question 1

What is Digital Realty Trust's P/E ratio?

Accepted Answer

Digital Realty Trust (DLR) P/E ratio is 47.9× 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 Digital Realty Trust?

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 Digital Realty Trust specifically, the relevant sector benchmark is the current sector median of 27.5×.

Question 5

Is Digital Realty Trust's P/E ratio high or low?

Accepted Answer

Digital Realty Trust's P/E ratio of 47.9× is below its own 5-year average of 56.8× and above the sector median of 27.5×. That places the current reading at the 50th 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 Digital Realty Trust's historical P/E ratio range?

Accepted Answer

In the available daily series, Digital Realty Trust (DLR) P/E ratio has ranged from a low of 19.0× in 2022 to a high of 149.1× in 2024. The 5-year average is 56.8× and the 5-year median is 43.3×.

Question 7

What was Digital Realty Trust's P/E ratio in 2025?

Accepted Answer

Digital Realty Trust (DLR) P/E ratio at the end of 2025 was 40.6×. 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 Digital Realty Trust'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	$53.14B	$1.31B	40.6×	-57.5×	Dec 31, 2025
2024	$59.12B	$602.49M	98.1×	+54.8×	Dec 31, 2024
2023	$41.15B	$948.84M	43.4×	-33.5×	Dec 31, 2023
2022	$29.01B	$377.68M	76.8×	+47.4×	Dec 31, 2022
2021	$50.21B	$1.71B	29.4×	-80.3×	Dec 31, 2021
2020	$39.08B	$356.40M	109.7×	+66.5×	Dec 31, 2020
2019	$25.00B	$579.76M	43.1×	-23.3×	Dec 31, 2019
2018	$21.99B	$331.25M	66.4×	-27.9×	Dec 31, 2018
2017	$23.40B	$248.26M	94.3×	+57.6×	Dec 31, 2017
2016	$15.62B	$426.19M	36.6×	-5.0×	Dec 31, 2016
2015	$10.81B	$259.78M	41.6×	-7.8×	Dec 31, 2015
2014	$8.97B	$181.73M	49.4×	+26.2×	Dec 31, 2014
2013	$6.31B	$271.58M	23.2×	-25.7×	Dec 31, 2013
2012	$8.41B	$171.66M	49.0×	-6.5×	Dec 31, 2012
2011	$7.01B	$126.43M	55.5×	+9.7×	Dec 31, 2011
2010	$4.68B	$102.29M	45.7×	+1.8×	Dec 31, 2010
2009	$3.85B	$87.66M	44.0×	+8.5×	Dec 31, 2009
2008	$2.40B	$67.66M	35.5×	-30.8×	Dec 31, 2008
2007	$2.46B	$37.15M	66.2×	-3.0×	Dec 31, 2007
2006	$1.93B	$27.95M	69.2×	+30.8×	Dec 31, 2006
2005	$618.95M	$16.10M	38.4×	—	Dec 31, 2005
2004	$288.54M	−$331.00K	—	—	Dec 31, 2004


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×
AvalonBay Communities (AVB)	20.0×
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 Digital Realty Trust (DLR)

P/E Ratio daily chart for Digital Realty Trust (DLR)

Historical P/E Ratio for Digital Realty Trust (DLR) from 2004 to 2025

About P/E Ratio at Digital Realty Trust (DLR)

Digital Realty Trust P/E Ratio by Year

Digital Realty Trust P/E Ratio 2025: 40.6×

Digital Realty Trust P/E Ratio 2024: 98.1×

Digital Realty Trust P/E Ratio 2023: 43.4×

Digital Realty Trust P/E Ratio 2022: 76.8×

Digital Realty Trust P/E Ratio 2021: 29.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Digital Realty Trust (DLR) Key Financials

P/E Ratio daily chart for Digital Realty Trust (DLR)

Historical P/E Ratio for Digital Realty Trust (DLR) from 2004 to 2025

About P/E Ratio at Digital Realty Trust (DLR)

Digital Realty Trust P/E Ratio by Year

Digital Realty Trust P/E Ratio 2025: 40.6×

Digital Realty Trust P/E Ratio 2024: 98.1×

Digital Realty Trust P/E Ratio 2023: 43.4×

Digital Realty Trust P/E Ratio 2022: 76.8×

Digital Realty Trust P/E Ratio 2021: 29.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Digital Realty Trust'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 Digital Realty Trust?

+Is Digital Realty Trust's P/E ratio high or low?

+What is Digital Realty Trust's historical P/E ratio range?

+What was Digital Realty Trust's P/E ratio in 2025?

+Why does Digital Realty Trust's P/E ratio change over time?

Digital Realty Trust (DLR) Key Financials