Last 48 quarters of trend data · Real Estate · Residential REITs
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.59 | 33.03 | 27.03 | 19.94 | 24.32 | 30.79 | 32.21 | 31.51 | 28.35 | 47.99 | 37.16 | 30.65 | 42.81 | 42.11 | 32.82 | 24.57 | 31.40 | 58.59 | 55.37 | 62.55 | 77.87 |
| — | +7.3% | -16.1% | -36.7% | -14.2% | -35.8% | -13.3% | +2.8% | -33.8% | +14.0% | +13.2% | +24.7% | +36.4% | -28.1% | -40.7% | -60.7% | -59.7% | -32.4% | -65.8% | -32.5% | -11.3% | |
| P/S Ratio | 6.21 | 5.49 | 6.46 | 5.39 | 6.47 | 6.45 | 7.31 | 7.63 | 7.93 | 7.93 | 8.06 | 7.97 | 7.99 | 7.25 | 8.12 | 7.13 | 7.01 | 7.32 | 8.54 | 9.74 | 10.85 |
| — | -14.9% | -11.6% | -29.4% | -18.4% | -18.7% | -9.2% | -4.2% | -0.9% | +9.4% | -0.8% | +11.7% | +14.1% | -0.9% | -5.0% | -26.8% | -35.5% | -20.1% | -14.0% | +15.0% | +35.4% | |
| P/B Ratio | 1.58 | 1.48 | 1.63 | 1.34 | 1.54 | 1.57 | 1.71 | 1.79 | 1.76 | 1.83 | 1.77 | 1.75 | 1.71 | 1.62 | 1.70 | 1.51 | 1.49 | 1.60 | 1.78 | 1.95 | 2.18 |
| — | -5.7% | -4.7% | -25.1% | -12.6% | -14.2% | -3.6% | +2.0% | +3.3% | +13.2% | +4.0% | +16.1% | +14.8% | +0.9% | -4.2% | -22.6% | -31.7% | -15.0% | -12.0% | +19.5% | +48.3% | |
| P/FCF | 12.20 | 13.26 | 9.62 | 14.15 | 11.25 | 18.51 | 13.88 | 18.21 | 56.15 | 17.43 | 13.77 | 18.96 | 37.33 | 18.10 | 17.91 | 16.80 | 92.94 | 16.58 | 16.22 | 25.77 | 56.57 |
| — | -28.4% | -30.7% | -22.3% | -80.0% | +6.2% | +0.8% | -4.0% | +50.4% | -3.7% | -23.1% | +12.8% | -59.8% | +9.1% | +10.4% | -34.8% | +64.3% | -29.3% | -22.3% | +22.7% | -50.1% | |
| EV / EBITDA | 16.93 | 15.85 | 17.04 | 15.53 | 17.48 | 17.65 | 18.76 | 13.17 | 13.20 | 13.67 | 13.44 | 13.76 | 13.40 | 13.12 | 13.75 | 12.56 | 12.22 | 13.31 | 14.90 | 16.36 | 17.11 |
| — | -10.2% | -9.2% | +17.9% | +32.4% | +29.1% | +39.6% | -4.3% | -1.5% | +4.2% | -2.3% | +9.5% | +9.7% | -1.4% | -7.8% | -23.2% | -28.6% | -14.1% | -6.9% | +16.6% | +35.4% | |
| EV / EBIT | 37.19 | 27.12 | 34.63 | 18.16 | 22.29 | 25.99 | 26.83 | 42.97 | 43.83 | 46.44 | 45.12 | 46.94 | 45.43 | 47.41 | 50.13 | 46.00 | 45.87 | 49.90 | 57.30 | 60.67 | 62.56 |
| — | +4.4% | +29.1% | -57.7% | -49.1% | -44.0% | -40.5% | -8.5% | -3.5% | -2.1% | -10.0% | +2.1% | -0.9% | -5.0% | -12.5% | -24.2% | -26.7% | -12.4% | -2.1% | +8.6% | +28.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.4% | 55.7% | 58.4% | 3.5% | 4.6% | 55.1% | 57.5% | 55.4% | 57.5% | 53.6% | 56.4% | 55.0% | 56.4% | 52.3% | 55.2% | 54.0% | 55.2% | 52.4% | 54.2% | 53.5% | 55.3% |
| — | +1.2% | +1.5% | -93.7% | -92.1% | +2.8% | +2.0% | +0.8% | +2.0% | +2.5% | +2.2% | +1.8% | +2.2% | -0.3% | +1.7% | +1.0% | -0.2% | +0.6% | -1.0% | +1.1% | -0.2% | |
| Operating Margin | 24.2% | 25.2% | 26.6% | 25.1% | 25.2% | 24.3% | 25.4% | 50.9% | 52.6% | 49.0% | 51.1% | 49.6% | 51.7% | 47.7% | 49.9% | 49.3% | 51.9% | 47.9% | 48.8% | 48.4% | 51.6% |
| — | +3.5% | +4.9% | -50.8% | -52.0% | -50.4% | -50.3% | +2.5% | +1.7% | +2.7% | +2.2% | +0.6% | -0.4% | -0.4% | +2.3% | +1.9% | +0.6% | -0.4% | -3.0% | +0.8% | -0.9% | |
| Net Margin | 24.3% | 17.2% | 24.9% | 27.8% | 27.7% | 21.5% | 23.8% | 24.7% | 29.0% | 17.4% | 22.6% | 26.6% | 19.6% | 18.4% | 25.7% | 30.4% | 23.9% | 13.8% | 18.3% | 17.3% | 15.9% |
| — | -19.9% | +4.5% | +12.6% | -4.5% | +23.8% | +5.5% | -7.2% | +48.1% | -5.6% | -12.0% | -12.5% | -18.0% | +33.0% | +40.3% | +75.5% | +50.0% | +10.2% | +18.1% | +23.1% | +15.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.8% | 1.2% | 1.6% | 1.7% | 1.6% | 1.3% | 1.4% | 1.4% | 1.6% | 1.0% | 1.2% | 1.5% | 1.1% | 1.0% | 1.3% | 1.6% | 1.3% | 0.8% | 0.9% | 0.9% | 0.8% |
| — | -11.9% | +11.7% | +18.6% | +0.4% | +30.7% | +12.1% | -1.5% | +54.7% | -2.4% | -7.9% | -10.8% | -17.1% | +33.7% | +43.2% | +84.8% | +57.2% | +15.0% | +22.5% | +31.2% | +27.9% | |
| ROA | 3.4% | 0.7% | 0.9% | 1.0% | 1.0% | 0.8% | 0.8% | 0.9% | 1.0% | 0.6% | 0.7% | 0.9% | 0.6% | 0.6% | 0.8% | 1.0% | 0.8% | 0.5% | 0.6% | 0.6% | 0.5% |
| — | -14.4% | +9.9% | +16.8% | -0.6% | +29.6% | +10.6% | -4.0% | +52.3% | -4.4% | -9.9% | -9.9% | -15.4% | +36.7% | +43.2% | +78.6% | +49.5% | +8.7% | +14.9% | +20.7% | +17.8% | |
| ROIC | 2.7% | 0.8% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 1.4% | 1.4% | 1.4% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.2% | 1.2% | 1.2% | 1.3% |
| — | +9.2% | +8.6% | -49.4% | -50.8% | -49.4% | -49.1% | +5.9% | +5.2% | +6.4% | +6.3% | +3.3% | +3.1% | +3.4% | +6.6% | +5.5% | +1.4% | -0.8% | -5.2% | -1.6% | -0.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.70 | 0.69 | 0.68 | 0.66 | 0.62 | 0.66 | 0.63 | 0.64 | 0.59 | 0.65 | 0.59 | 0.59 | 0.58 | 0.58 | 0.59 | 0.63 | 0.62 | 0.63 | 0.56 | 0.58 |
| — | +13.0% | +4.4% | +7.4% | +3.8% | +5.2% | +1.5% | +7.4% | +9.4% | +1.3% | +11.5% | +0.2% | -7.4% | -5.7% | -8.1% | +5.3% | +9.3% | +14.4% | +13.5% | +23.9% | +31.1% | |
| Debt / EBITDA | 5.36 | 20.42 | 20.38 | 20.95 | 21.21 | 20.01 | 21.30 | 13.78 | 14.22 | 13.42 | 15.01 | 13.90 | 13.73 | 13.93 | 14.18 | 14.28 | 14.64 | 14.88 | 15.74 | 14.57 | 14.41 |
| — | +2.0% | -4.3% | +52.0% | +49.1% | +49.1% | +41.9% | -0.9% | +3.5% | -3.7% | +5.8% | -2.6% | -6.2% | -6.4% | -9.9% | -2.0% | +1.6% | +7.6% | +13.2% | +19.7% | +22.0% | |
| Current Ratio | 62.90 | 0.55 | 1.61 | 0.33 | 62.90 | 0.39 | 1.07 | 0.33 | 1.00 | 0.75 | 2.07 | 0.81 | 0.52 | 0.60 | 0.90 | 1.18 | 0.54 | 0.69 | 0.64 | 0.39 | 0.42 |
| — | +42.3% | +49.9% | -1.1% | +6215.3% | -48.7% | -48.2% | -59.3% | +89.8% | +25.5% | +131.6% | -31.5% | -2.7% | -13.1% | +40.1% | +204.5% | +29.1% | -17.9% | +124.2% | -55.0% | -68.3% | |
| Quick Ratio | 62.90 | 0.55 | 1.61 | 0.33 | 62.90 | 0.39 | 1.07 | 0.33 | 1.00 | 0.75 | 2.07 | 0.81 | 0.52 | 0.60 | 0.90 | 1.18 | 0.54 | 0.69 | 0.64 | 0.39 | 0.42 |
| — | +42.3% | +49.9% | -1.1% | +6215.3% | -48.7% | -48.2% | -59.3% | +89.8% | +25.5% | +131.6% | -31.5% | -2.7% | -13.1% | +40.1% | +204.5% | +29.1% | -17.9% | +124.2% | -55.0% | -68.3% | |
| Interest Coverage | 3.77 | 2.93 | 2.51 | 3.43 | 4.19 | 3.42 | 3.67 | 2.42 | 2.39 | 2.28 | 2.57 | 2.47 | 1.95 | 2.54 | 2.44 | 2.35 | 2.28 | 2.18 | 2.10 | 2.66 | 2.62 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AMH stock.
American Homes 4 Rent's current P/E is 25.6x. The average P/E over the last 4 quarters is 26.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
American Homes 4 Rent's current operating margin is 24.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking American Homes 4 Rent's business trajectory between earnings reports.