P/E ratio for First Industrial Realty Trust (FR)
P/E ratio as of April 2024 (TTM): 22.8
According to First Industrial Realty Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.7921. At the end of 2022 the company had a P/E ratio of 17.7.
P/E ratio history for First Industrial Realty Trust from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.7 | -44.25% |
| 2021 | 31.8 | 15.58% |
| 2020 | 27.5 | 24.71% |
| 2019 | 22.1 | -0.54% |
| 2018 | 22.2 | 19.22% |
| 2017 | 18.6 | -30.96% |
| 2016 | 27.0 | -18.2% |
| 2015 | 33.0 | -32.64% |
| 2014 | 49.0 | -35.48% |
| 2013 | 75.9 | -234.71% |
| 2012 | -56.3 | 87.18% |
| 2011 | -30.1 | 1102.16% |
| 2010 | -2.50 | -86.6% |
| 2009 | -18.7 | -201.43% |
| 2008 | 18.4 | 59.13% |
| 2007 | 11.6 | -49.9% |
| 2006 | 23.1 | 7.99% |
| 2005 | 21.4 | 13.96% |
| 2004 | 18.8 | 35.14% |
| 2003 | 13.9 | 18.55% |
| 2002 | 11.7 | -15.24% |
| 2001 | 13.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Starwood Property Trust STWD | 10.8 | -52.65% | 🇺🇸 USA |
 Universal Health Realty Income Trust UHT | 27.1 | 18.95% | 🇺🇸 USA |
 iStar STAR | 0.1356 | -99.40% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.