American Assets Trust, Inc. (AAT) P/E Ratio History
Historical price-to-earnings valuation from 2011 to 2025
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AAT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, American Assets Trust, Inc. (AAT) trades at a price-to-earnings ratio of 23.0x, with a stock price of $21.13 and trailing twelve-month earnings per share of $0.93.
The current P/E is 55% below its 5-year average of 50.9x. Over the past five years, AAT's P/E has ranged from a low of 15.1x to a high of 121.1x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.3x, AAT is roughly in line with its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 195.0x.
The PEG ratio of 1.54 (P/E divided by -2% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AAT trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AAT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AAT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $964M | 31.5 | - | -36% | |
| $3B | 29.8 | - | +23% | |
| $5B | 45.3 | 0.58 | +75% | |
| $14B | 28.0 | 0.46Best | +34% | |
| $16B | 28.7 | - | +51% | |
| $9B | 34.4 | - | +1833%Best | |
| $3B | 17.8Lowest | - | +54% | |
| $11B | 29.6 | 1.27 | +136% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AAT Historical P/E Data (2011–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $18.93 | $0.91 | 20.8x | -71% |
| FY2025 Q3 | $20.32 | $1.01 | 20.1x | -72% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $19.75 | $1.22 | 16.2x | -77% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $20.14 | $1.33 | 15.1x | -79% |
| FY2024 Q4 | $26.26 | $0.95 | 27.6x | -61% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $26.72 | $0.97 | 27.5x | -62% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $22.38 | $0.84 | 26.6x | -63% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $21.91 | $0.80 | 27.4x | -62% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $22.51 | $0.63 | 35.7x | -50% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $19.45 | $0.43 | 45.2x | -37% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $19.20 | $0.30 | 63.3x | -12% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $18.59 | $0.32 | 57.5x | -20% |
Average P/E for displayed period: 71.7x
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Start ComparisonAAT — Frequently Asked Questions
Quick answers to the most common questions about buying AAT stock.
Is AAT stock overvalued or undervalued?
AAT trades at 23.0x P/E, below its 5-year average of 50.9x. At the 20th percentile of historical range, the stock is priced at a discount to its own history.
How does AAT's valuation compare to peers?
American Assets Trust, Inc. P/E of 23.0x compares to sector median of 24.3x. The discount suggests lower growth expectations or higher risk.
What is AAT's PEG ratio?
AAT PEG ratio is 1.54. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2011-2025.