Apollo Commercial Real Estate Finance, Inc. (ARI) P/E Ratio History
Deep ValueTrading at 7.9x · 15th percentile of 5-year range · Significant discount to historical valuation · Data 2010–2026
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P/E Ratio Analysis
As of September 23, 2026, Apollo Commercial Real Estate Finance, Inc. (ARI) trades at a price-to-earnings ratio of 7.9x, with a stock price of $6.41 and trailing twelve-month earnings per share of $1.00.
The current P/E is 80% below its 5-year average of 40.3x. Over the past five years, ARI's P/E has ranged from a low of 4.4x to a high of 279.3x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Real Estate sector median P/E of 22.5x, ARI trades at a 65% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.0x to 186.4x.
The PEG ratio of 0.06 (P/E divided by 184% 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, ARI trades at a notable discount to the S&P 500 median P/E of 25.5x. 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 ARI 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.
ARI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ARI P/E vs Peers
Commercial mortgage loan REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 20.5 | -Best | +155%Best | |
| $552M | 12.6 | -Best | -24% | |
| $1B | 18.5 | -Best | -41% | |
| $644M | 12.1Lowest | -Best | -22% | |
| $45M | 24.1 | -Best | +104% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ARI Historical P/E Data (2010–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $10.68 | $0.79 | 13.5x | -38% |
| FY2026 Q1 | - | $10.56 | $0.80 | 13.2x | -40% |
| FY2025 Q4 | Dec 31 2025 | $9.68 | $0.80 | 12.1x | -45% |
| FY2025 Q3 | - | $10.13 | $0.89 | 11.4x | -48% |
| FY2024 Q2 | Jun 30 2024 | $9.79 | $0.07 | 139.9x | +537% |
| FY2023 Q4 | Dec 31 2023 | $11.74 | $0.30 | 39.1x | +78% |
| FY2023 Q2 | Jun 30 2023 | $11.32 | $0.77 | 14.7x | -33% |
| FY2023 Q1 | Mar 31 2023 | $9.31 | $1.83 | 5.1x | -77% |
| FY2022 Q4 | Dec 31 2022 | $10.76 | $1.59 | 6.8x | -69% |
| FY2022 Q3 | Sep 30 2022 | $8.30 | $1.88 | 4.4x | -80% |
| FY2022 Q2 | - | $10.44 | $1.13 | 9.2x | -58% |
| FY2022 Q1 | - | $13.93 | $1.11 | 12.5x | -43% |
| FY2021 Q4 | Dec 31 2021 | $13.16 | $1.40 | 9.4x | -57% |
| FY2021 Q3 | - | $14.83 | $1.40 | 10.6x | -52% |
| FY2021 Q2 | Jun 30 2021 | $15.95 | $1.33 | 12.0x | -45% |
| FY2021 Q1 | Mar 31 2021 | $13.97 | $1.27 | 11.0x | -50% |
| FY2020 Q4 | - | $11.17 | $0.04 | 279.3x | +1171% |
| FY2020 Q3 | Sep 30 2020 | $9.01 | $0.25 | 36.0x | +64% |
| FY2020 Q2 | - | $9.81 | $0.10 | 98.1x | +347% |
| FY2020 Q1 | - | $7.42 | $0.11 | 67.5x | +207% |
| FY2019 Q4 | - | $18.29 | $1.40 | 13.1x | -41% |
| FY2019 Q3 | Sep 30 2019 | $19.17 | $1.30 | 14.7x | -33% |
| FY2019 Q2 | Jun 30 2019 | $18.39 | $1.54 | 11.9x | -46% |
| FY2019 Q1 | Mar 31 2019 | $18.20 | $1.55 | 11.7x | -47% |
| FY2018 Q4 | Dec 31 2018 | $16.66 | $1.49 | 11.2x | -49% |
| FY2018 Q3 | Sep 30 2018 | $18.87 | $1.46 | 12.9x | -41% |
| FY2018 Q2 | Jun 30 2018 | $18.28 | $1.59 | 11.5x | -48% |
| FY2018 Q1 | Mar 31 2018 | $17.98 | $1.48 | 12.2x | -45% |
| FY2017 Q4 | Dec 31 2017 | $18.45 | $1.51 | 12.2x | -44% |
| FY2017 Q3 | Sep 30 2017 | $18.11 | $1.79 | 10.1x | -54% |
| FY2017 Q2 | Jun 30 2017 | $18.55 | $2.09 | 8.9x | -60% |
| FY2017 Q1 | Mar 31 2017 | $18.81 | $1.88 | 10.0x | -54% |
| FY2016 Q4 | Dec 31 2016 | $16.62 | $1.66 | 10.0x | -54% |
| FY2016 Q3 | Sep 30 2016 | $16.37 | $1.39 | 11.8x | -46% |
| FY2016 Q2 | - | $16.07 | $0.95 | 16.9x | -23% |
| FY2016 Q1 | - | $16.30 | $1.28 | 12.7x | -42% |
| FY2015 Q4 | - | $17.23 | $1.57 | 11.0x | -50% |
| FY2015 Q3 | Sep 30 2015 | $15.71 | $1.69 | 9.3x | -58% |
| FY2015 Q2 | - | $16.43 | $1.67 | 9.8x | -55% |
| FY2015 Q1 | - | $17.18 | $1.79 | 9.6x | -56% |
| FY2014 Q4 | Dec 31 2014 | $16.36 | $1.74 | 9.4x | -57% |
| FY2014 Q3 | - | $15.71 | $1.72 | 9.1x | -58% |
| FY2014 Q2 | Jun 30 2014 | $16.49 | $1.64 | 10.1x | -54% |
| FY2014 Q1 | Mar 31 2014 | $16.63 | $1.40 | 11.9x | -46% |
| FY2013 Q4 | - | $16.25 | $1.31 | 12.4x | -44% |
| FY2013 Q3 | Sep 30 2013 | $15.27 | $1.15 | 13.3x | -40% |
| FY2013 Q2 | Jun 30 2013 | $15.88 | $1.38 | 11.5x | -48% |
| FY2013 Q1 | Mar 31 2013 | $17.59 | $1.58 | 11.1x | -49% |
| FY2012 Q4 | Dec 31 2012 | $16.23 | $1.68 | 9.7x | -56% |
| FY2012 Q3 | Sep 30 2012 | $17.34 | $1.83 | 9.5x | -57% |
| FY2012 Q2 | Jun 30 2012 | $16.07 | $1.59 | 10.1x | -54% |
| FY2012 Q1 | Mar 31 2012 | $15.65 | $1.49 | 10.5x | -52% |
| FY2011 Q4 | Dec 31 2011 | $13.13 | $1.35 | 9.7x | -56% |
| FY2011 Q3 | Sep 30 2011 | $13.17 | $1.16 | 11.4x | -48% |
| FY2011 Q2 | - | $16.12 | $1.09 | 14.8x | -33% |
| FY2011 Q1 | - | $16.35 | $0.99 | 16.5x | -25% |
| FY2010 Q4 | Dec 31 2010 | $16.35 | $0.86 | 19.0x | -13% |
| FY2010 Q3 | - | $16.07 | $0.44 | 36.5x | +66% |
Average P/E for displayed period: 22.0x
ARI Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ARI — Frequently Asked Questions
Quick answers to the most common questions about buying ARI stock.
What is ARI's P/E ratio?
Apollo Commercial Real Estate Finance, Inc. (ARI) trailing twelve-month P/E ratio is 7.9x, based on TTM diluted EPS of $1.00. The 5-year average P/E is 40.3x and the historical range spans 4.4x to 279.3x.
Is ARI stock overvalued or undervalued?
ARI trades at 7.9x P/E, below its 5-year average of 40.3x. At the 15th percentile of its historical range (4.4x–279.3x), the stock is priced at a discount to its own history.
Is ARI stock expensive?
No, ARI is not expensive on a historical basis. The current P/E of 7.9x is below the 5-year average of 40.3x and sits at the 15th percentile of its valuation range.
What is ARI's historical P/E range?
Over the past 5 years, ARI's P/E ratio has ranged from 4.4x to 279.3x, with a median of 12.5x and an average of 40.3x. The current P/E of 7.9x places the stock at the 15th percentile of this range. Full historical data spans 2010–2026.
How does ARI's P/E compare to the S&P 500?
ARI trades at 7.9x P/E versus the S&P 500 median of 25.5x. The 69% discount to the market suggests lower growth expectations or perceived higher risk.
How does ARI's valuation compare to Real Estate peers?
Apollo Commercial Real Estate Finance, Inc. P/E of 7.9x compares to the Real Estate sector median of 22.5x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is ARI's PEG ratio?
ARI PEG ratio is 0.06, based on a P/E of 7.9x and EPS growth of 183.5%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is ARI's earnings yield?
ARI earnings yield is 12.64%, the inverse of its 7.9x 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.