Question 1

What is Tanger's P/E ratio?

Accepted Answer

Tanger (SKT) P/E ratio is 38.3× 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 Tanger?

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

Question 5

Is Tanger's P/E ratio high or low?

Accepted Answer

Tanger's P/E ratio of 38.3× is below its own 5-year average of 46.2× and above the sector median of 28.1×. That places the current reading at the 74th 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 Tanger's historical P/E ratio range?

Accepted Answer

In the available daily series, Tanger (SKT) P/E ratio has ranged from a low of 12.1× in 2019 to a high of 253.7× in 2005. The 5-year average is 46.2× and the 5-year median is 32.9×.

Question 7

What was Tanger's P/E ratio in 2025?

Accepted Answer

Tanger (SKT) P/E ratio at the end of 2025 was 32.9×. 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 Tanger'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	$3.77B	$115M	32.9×	-5.6×	Dec 31, 2025
2024	$3.79B	$98.6M	38.4×	+8.8×	Dec 31, 2024
2023	$2.93B	$99.2M	29.6×	+6.1×	Dec 31, 2023
2022	$1.86B	$79.1M	23.5×	-194.9×	Dec 31, 2022
2021	$1.99B	$9.12M	218.4×	—	Dec 31, 2021
2020	$923M	-$36.3M	—	—	Dec 31, 2020
2019	$1.34B	$86.8M	15.4×	-28.7×	Dec 31, 2019
2018	$1.88B	$42.8M	44.0×	+7.0×	Dec 31, 2018
2017	$2.48B	$67.1M	37.0×	+19.3×	Dec 31, 2017
2016	$3.41B	$192M	17.8×	+2.9×	Dec 31, 2016
2015	$3.1B	$209M	14.8×	-33.2×	Dec 31, 2015
2014	$3.47B	$72.1M	48.1×	+20.0×	Dec 31, 2014
2013	$2.99B	$106M	28.1×	-32.2×	Dec 31, 2013
2012	$3.18B	$52.7M	60.3×	+3.9×	Dec 31, 2012
2011	$2.52B	$44.6M	56.4×	-3.5×	Dec 31, 2011
2010	$2.05B	$34.2M	60.0×	+34.4×	Dec 31, 2010
2009	$1.48B	$58M	25.6×	-21.9×	Dec 31, 2009
2008	$1.17B	$24.7M	47.5×	-0.3×	Dec 31, 2008
2007	$1.16B	$24.4M	47.8×	+10.2×	Dec 31, 2007
2006	$1.2B	$31.9M	37.6×	-133.5×	Dec 31, 2006
2005	$871M	$5.09M	171.1×	+72.9×	Dec 31, 2005
2004	$692M	$7.05M	98.2×	+55.4×	Dec 31, 2004
2003	$515M	$12M	42.8×	+13.3×	Dec 31, 2003
2002	$285M	$9.68M	29.5×	—	Dec 31, 2002


Realty Income (O)	49.4×
Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Agree Realty (ADC)	41.1×
Mid-America Apartment Communities (MAA)	36.5×
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 Tanger (SKT) 2002-2026

P/E Ratio daily chart for Tanger (SKT)

Historical P/E Ratio for Tanger (SKT) from 2002 to 2025

About P/E Ratio at Tanger (SKT)

Tanger P/E Ratio by Year

Tanger P/E Ratio 2025: 32.9×

Tanger P/E Ratio 2024: 38.4×

Tanger P/E Ratio 2023: 29.6×

Tanger P/E Ratio 2022: 23.5×

Tanger P/E Ratio 2021: 218.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Tanger (SKT) Key Financials