Question 1

What is Equity Residential's P/E ratio?

Accepted Answer

Equity Residential (EQR) P/E ratio is 27.5× 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 Equity Residential?

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 Equity Residential specifically, the relevant sector benchmark is the current sector median of 27.5×.

Question 5

Is Equity Residential's P/E ratio high or low?

Accepted Answer

Equity Residential's P/E ratio of 27.5× is above its own 5-year average of 26.8× and above the sector median of 27.5×. That places the current reading at the 52th 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 Equity Residential's historical P/E ratio range?

Accepted Answer

In the available daily series, Equity Residential (EQR) P/E ratio has ranged from a low of 5.5× in 2016 to a high of 96.4× in 2010. The 5-year average is 26.8× and the 5-year median is 26.2×.

Question 7

What was Equity Residential's P/E ratio in 2025?

Accepted Answer

Equity Residential (EQR) P/E ratio at the end of 2025 was 21.3×. 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 Equity Residential'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	$23.90B	$1.12B	21.3×	-5.1×	Dec 31, 2025
2024	$27.34B	$1.04B	26.4×	-1.4×	Dec 31, 2024
2023	$23.19B	$835.44M	27.8×	-0.9×	Dec 31, 2023
2022	$22.28B	$776.91M	28.7×	+3.2×	Dec 31, 2022
2021	$33.93B	$1.33B	25.5×	+1.3×	Dec 31, 2021
2020	$22.05B	$913.64M	24.1×	-6.8×	Dec 31, 2020
2019	$30.03B	$970.38M	31.0×	-6.0×	Dec 31, 2019
2018	$24.32B	$657.53M	37.0×	-1.8×	Dec 31, 2018
2017	$23.43B	$603.45M	38.8×	+33.4×	Dec 31, 2017
2016	$23.51B	$4.29B	5.5×	-28.6×	Dec 31, 2016
2015	$29.68B	$870.12M	34.1×	-7.1×	Dec 31, 2015
2014	$26.01B	$631.31M	41.2×	+31.0×	Dec 31, 2014
2013	$18.67B	$1.83B	10.2×	-10.7×	Dec 31, 2013
2012	$17.59B	$841.72M	20.9×	+2.0×	Dec 31, 2012
2011	$16.87B	$893.59M	18.9×	-32.9×	Dec 31, 2011
2010	$14.69B	$283.61M	51.8×	+26.7×	Dec 31, 2010
2009	$9.24B	$368.00M	25.1×	+5.9×	Dec 31, 2009
2008	$8.06B	$420.09M	19.2×	+9.3×	Dec 31, 2008
2007	$9.81B	$989.62M	9.9×	-3.8×	Dec 31, 2007
2006	$14.72B	$1.07B	13.7×	+0.7×	Dec 31, 2006
2005	$11.20B	$861.79M	13.0×	-8.0×	Dec 31, 2005
2004	$10.14B	$482.50M	21.0×	+6.2×	Dec 31, 2004
2003	$8.05B	$543.85M	14.8×	-0.9×	Dec 31, 2003
2002	$6.63B	$421.31M	15.7×	-0.5×	Dec 31, 2002
2001	$7.70B	$473.58M	16.3×	—	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×
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 Equity Residential (EQR)

P/E Ratio daily chart for Equity Residential (EQR)

Historical P/E Ratio for Equity Residential (EQR) from 2001 to 2025

About P/E Ratio at Equity Residential (EQR)

Equity Residential P/E Ratio by Year

Equity Residential P/E Ratio 2025: 21.3×

Equity Residential P/E Ratio 2024: 26.4×

Equity Residential P/E Ratio 2023: 27.8×

Equity Residential P/E Ratio 2022: 28.7×

Equity Residential P/E Ratio 2021: 25.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Equity Residential (EQR) Key Financials

P/E Ratio daily chart for Equity Residential (EQR)

Historical P/E Ratio for Equity Residential (EQR) from 2001 to 2025

About P/E Ratio at Equity Residential (EQR)

Equity Residential P/E Ratio by Year

Equity Residential P/E Ratio 2025: 21.3×

Equity Residential P/E Ratio 2024: 26.4×

Equity Residential P/E Ratio 2023: 27.8×

Equity Residential P/E Ratio 2022: 28.7×

Equity Residential P/E Ratio 2021: 25.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Equity Residential'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 Equity Residential?

+Is Equity Residential's P/E ratio high or low?

+What is Equity Residential's historical P/E ratio range?

+What was Equity Residential's P/E ratio in 2025?

+Why does Equity Residential's P/E ratio change over time?

Equity Residential (EQR) Key Financials