American Homes 4 Rent (AMH) P/E Ratio History
Deep ValueTrading at 26.2x · 5th percentile of 5-year range · Significant discount to historical valuation · Data 2018–2026
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P/E Ratio Analysis
As of September 24, 2026, American Homes 4 Rent (AMH) trades at a price-to-earnings ratio of 26.2x, with a stock price of $30.93 and trailing twelve-month earnings per share of $1.32.
The current P/E is 44% below its 5-year average of 46.5x. Over the past five years, AMH's P/E has ranged from a low of 22.7x to a high of 110.4x, placing the current valuation at the 5th percentile of its historical range.
Compared to the Real Estate sector median P/E of 22.2x, AMH trades at a 18% premium to its sector peers. The sector includes 175 companies with P/E ratios ranging from 0.0x to 184.4x.
The PEG ratio of 0.79 (P/E divided by 9% EPS growth) suggests the stock may be undervalued 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, AMH trades roughly in line with the S&P 500 median P/E of 25.3x. 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 AMH 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.
AMH Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AMH P/E vs Peers
Single-family rental home REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $16B | 28.1 | 1.25 | +30% | |
| $26B | 23.4 | 4.60 | +7% | |
| $10B | 9.2Lowest | 1.97 | -3% | |
| $14B | 31.2 | 2.70 | -16% | |
| $10B | 27.6 | 1.18 | +136% | |
| $11B | 29.9 | 0.72 | +335%Best | |
| $39B | 12.1 | 0.97 | -19% | |
| $20B | 10.2 | - | -44% | |
| $23B | 10.7 | 0.65Best | -24% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AMH Historical P/E Data (2018–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $33.52 | $1.26 | 26.6x | -64% |
| FY2026 Q1 | - | $27.92 | $1.23 | 22.7x | -70% |
| FY2025 Q4 | Dec 31 2025 | $32.10 | $1.18 | 27.2x | -64% |
| FY2025 Q3 | - | $33.25 | $1.18 | 28.2x | -62% |
| FY2025 Q2 | Jun 30 2025 | $36.07 | $1.11 | 32.5x | -57% |
| FY2025 Q1 | Mar 31 2025 | $37.81 | $1.08 | 35.0x | -53% |
| FY2024 Q4 | - | $37.42 | $1.08 | 34.6x | -54% |
| FY2024 Q3 | Sep 30 2024 | $38.39 | $0.96 | 40.0x | -47% |
| FY2024 Q2 | Jun 30 2024 | $37.16 | $0.96 | 38.7x | -48% |
| FY2024 Q1 | Mar 31 2024 | $36.78 | $0.98 | 37.5x | -50% |
| FY2023 Q4 | Dec 31 2023 | $35.96 | $1.00 | 36.0x | -52% |
| FY2023 Q3 | Sep 30 2023 | $33.69 | $1.03 | 32.7x | -56% |
| FY2023 Q2 | Jun 30 2023 | $35.45 | $0.97 | 36.5x | -51% |
| FY2023 Q1 | Mar 31 2023 | $31.45 | $0.86 | 36.6x | -51% |
| FY2022 Q4 | Dec 31 2022 | $30.14 | $0.70 | 43.1x | -43% |
| FY2022 Q3 | Sep 30 2022 | $32.81 | $0.60 | 54.7x | -27% |
| FY2022 Q2 | - | $35.44 | $0.57 | 62.2x | -17% |
| FY2022 Q1 | - | $40.03 | $0.47 | 85.2x | +14% |
| FY2021 Q4 | Dec 31 2021 | $43.61 | $0.40 | 109.0x | +46% |
| FY2021 Q3 | - | $38.12 | $0.35 | 110.4x | +47% |
| FY2021 Q2 | Jun 30 2021 | $38.85 | $0.31 | 127.2x | +70% |
| FY2021 Q1 | Mar 31 2021 | $33.34 | $0.30 | 112.9x | +51% |
| FY2020 Q4 | - | $30.00 | $0.27 | 110.1x | +47% |
| FY2020 Q3 | Sep 30 2020 | $28.48 | $0.27 | 107.3x | +43% |
| FY2020 Q2 | - | $26.90 | $0.27 | 98.4x | +31% |
| FY2020 Q1 | - | $23.20 | $0.30 | 77.7x | +4% |
| FY2019 Q4 | - | $26.21 | $0.28 | 93.1x | +24% |
| FY2019 Q3 | Sep 30 2019 | $25.89 | $0.26 | 98.6x | +32% |
| FY2019 Q2 | Jun 30 2019 | $24.31 | $0.23 | 103.7x | +38% |
| FY2019 Q1 | Mar 31 2019 | $22.72 | $0.11 | 210.2x | +181% |
| FY2018 Q4 | Dec 31 2018 | $19.85 | $0.08 | 254.2x | +239% |
Average P/E for displayed period: 74.9x
AMH Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AMH — Frequently Asked Questions
Quick answers to the most common questions about buying AMH stock.
What is AMH's P/E ratio?
American Homes 4 Rent (AMH) trailing twelve-month P/E ratio is 26.2x, based on TTM diluted EPS of $1.32. The 5-year average P/E is 46.5x and the historical range spans 22.7x to 110.4x.
Is AMH stock overvalued or undervalued?
AMH trades at 26.2x P/E, below its 5-year average of 46.5x. At the 5th percentile of its historical range (22.7x–110.4x), the stock is priced at a discount to its own history.
Is AMH stock expensive?
No, AMH is not expensive on a historical basis. The current P/E of 26.2x is below the 5-year average of 46.5x and sits at the 5th percentile of its valuation range.
What is AMH's historical P/E range?
Over the past 5 years, AMH's P/E ratio has ranged from 22.7x to 110.4x, with a median of 36.6x and an average of 46.5x. The current P/E of 26.2x places the stock at the 5th percentile of this range. Full historical data spans 2018–2026.
How does AMH's P/E compare to the S&P 500?
AMH trades at 26.2x P/E versus the S&P 500 median of 25.3x. The 4% premium to the market typically reflects higher expected earnings growth or quality.
How does AMH's valuation compare to Real Estate peers?
American Homes 4 Rent P/E of 26.2x compares to the Real Estate sector median of 22.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AMH's PEG ratio?
AMH PEG ratio is 0.79, based on a P/E of 26.2x and EPS growth of 9.3%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is AMH's earnings yield?
AMH earnings yield is 3.82%, the inverse of its 26.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.