P/E ratio for Independence Realty Trust (IRT)
P/E ratio as of April 2024 (TTM): 59.8
According to Independence Realty Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 59.7692. At the end of 2022 the company had a P/E ratio of 31.8.
P/E ratio history for Independence Realty Trust from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.8 | -53.2% |
| 2021 | 68.0 | -21.09% |
| 2020 | 86.1 | 205.9% |
| 2019 | 28.2 | -11.04% |
| 2018 | 31.7 | 34.9% |
| 2017 | 23.5 | -87.27% |
| 2016 | 184 | 1862.94% |
| 2015 | 9.39 | -81.08% |
| 2014 | 49.6 | -59% |
| 2013 | 121 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Medical Properties Trust
MPW | -71.3 | -219.27% | 🇺🇸 USA |
 Saul Centers BFS | 21.6 | -63.83% | 🇺🇸 USA |
 Brandywine Realty Trust
BDN | -60.6 | -201.34% | 🇺🇸 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.