Last 47 quarters of trend data · Real Estate · REIT - Residential
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
AvalonBay Communities, Inc.'s quarterly P/E stands at 38.7x, up 39.5% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 15.6% YoY to 18.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.99 | 38.74 | 18.02 | 27.06 | 32.32 | 27.77 | 21.58 | 29.06 | 38.02 | 27.53 | 35.48 | 18.34 | 40.01 |
| — | +39.5% | -16.5% | -6.9% | -15.0% | +0.9% | -39.2% | +58.4% | -5.0% | +17.3% | +172.0% | -62.6% | +20.5% | |
| P/S Ratio | 8.12 | 8.38 | 9.06 | 9.59 | 10.25 | 10.60 | 10.93 | 10.14 | 9.26 | 9.45 | 8.75 | 9.73 | 8.72 |
| — | -20.9% | -17.1% | -5.5% | +10.7% | +12.2% | +24.9% | +4.2% | +6.1% | +11.9% | -9.7% | -7.7% | -38.4% | |
| P/B Ratio | 2.13 | 2.18 | 2.28 | 2.40 | 2.57 | 2.63 | 2.70 | 2.51 | 2.25 | 2.26 | 2.07 | 2.28 | 2.11 |
| — | -17.2% | -15.6% | -4.5% | +13.9% | +16.3% | +30.3% | +10.2% | +6.9% | +12.5% | -9.8% | -8.5% | -33.5% | |
| P/FCF | 17.45 | 26.72 | 11.79 | 23.10 | 20.82 | 28.88 | 18.57 | 22.21 | 17.63 | 23.46 | 14.59 | 22.48 | 16.27 |
| — | -7.5% | -36.5% | +4.0% | +18.1% | +23.1% | +27.2% | -1.2% | +8.4% | +20.5% | -12.4% | -14.5% | -41.7% | |
| EV / EBITDA | 18.50 | 18.90 | 20.35 | 20.58 | 21.33 | 22.40 | 22.85 | 21.00 | 19.59 | 19.69 | 18.89 | 20.05 | 18.98 |
| — | -15.6% | -10.9% | -2.0% | +8.8% | +13.8% | +20.9% | +4.7% | +3.2% | +8.5% | -8.2% | -9.8% | -33.3% | |
| EV / EBIT | 37.00 | 37.14 | 20.30 | 28.35 | 32.90 | 29.00 | 23.36 | 30.09 | 37.49 | 29.22 | 35.69 | 20.49 | 38.02 |
| — | +28.1% | -13.1% | -5.8% | -12.2% | -0.8% | -34.5% | +46.9% | -1.4% | +17.1% | +135.7% | -54.1% | +14.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
AvalonBay Communities, Inc.'s operating margin was 29.7% in Q4 2025, up 1.2 pp QoQ and down 0.8 pp YoY. Gross margin expanded 10.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.0% | 68.2% | 72.1% | 63.6% | 64.0% | 62.0% | 62.5% | 64.1% | 64.1% | 64.5% | 63.6% | 64.6% | 64.5% |
| — | +10.1% | +15.4% | -0.8% | -0.3% | -3.9% | -1.8% | -0.7% | -0.6% | -2.0% | -0.3% | -0.3% | +1.1% | |
| Operating Margin | 30.1% | 29.7% | 28.5% | 30.1% | 32.1% | 30.5% | 30.9% | 32.9% | 31.5% | 32.0% | 31.9% | 33.0% | 31.2% |
| — | -2.5% | -7.7% | -8.6% | +1.9% | -4.8% | -3.3% | -0.2% | +1.1% | +0.9% | +4.4% | +8.0% | +10.8% | |
| Net Margin | 34.6% | 21.6% | 49.8% | 35.3% | 31.7% | 38.1% | 50.7% | 35.0% | 24.3% | 34.3% | 24.7% | 53.3% | 21.8% |
| — | -43.3% | -1.7% | +1.0% | +30.4% | +10.9% | +105.7% | -34.3% | +11.8% | -4.7% | -66.8% | +147.9% | -49.0% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 1.4% | 3.1% | 2.2% | 2.0% | 2.4% | 3.2% | 2.2% | 1.5% | 2.1% | 1.5% | 3.2% | 1.3% |
| — | -41.6% | -0.6% | +3.0% | +34.4% | +15.3% | +116.3% | -32.4% | +12.7% | -4.4% | -67.4% | +153.2% | -45.2% | |
| ROA | 4.9% | 0.8% | 1.7% | 1.2% | 1.1% | 1.3% | 1.8% | 1.2% | 0.8% | 1.2% | 0.8% | 1.8% | 0.7% |
| — | -43.6% | -1.0% | +2.4% | +33.5% | +14.0% | +112.3% | -32.1% | +16.1% | -1.6% | -66.5% | +157.1% | -45.1% | |
| ROIC | 3.3% | 0.8% | 0.8% | 0.8% | 0.9% | 0.8% | 0.9% | 0.9% | 0.9% | 0.9% | 0.9% | 0.9% | 0.8% |
| — | -3.6% | -9.0% | -8.9% | +3.1% | -2.7% | -0.7% | +2.5% | +4.6% | +4.6% | +8.0% | +13.8% | +19.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
AvalonBay Communities, Inc.'s Debt/EBITDA ratio is 20.2x — elevated, raising questions about debt serviceability. The current ratio has weakened 29.3% YoY to 0.25x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.79 | 0.79 | 0.73 | 0.73 | 0.71 | 0.69 | 0.72 | 0.73 | 0.69 | 0.69 | 0.69 | 0.70 | 0.74 |
| — | +14.1% | +1.6% | -0.1% | +2.4% | +0.1% | +4.6% | +4.4% | -5.7% | -8.4% | -5.8% | -7.0% | -1.1% | |
| Debt / EBITDA | 5.11 | 20.21 | 19.84 | 19.18 | 18.54 | 18.70 | 19.49 | 19.12 | 18.62 | 18.64 | 19.13 | 19.18 | 19.82 |
| — | +8.1% | +1.8% | +0.3% | -0.5% | +0.3% | +1.9% | -0.3% | -6.0% | -7.7% | -4.2% | -7.0% | -9.2% | |
| Current Ratio | 0.25 | 0.25 | 0.30 | 0.21 | 0.22 | 0.36 | 0.98 | 1.09 | 0.58 | 0.76 | 0.94 | 1.40 | 0.58 |
| — | -29.3% | -69.2% | -81.1% | -61.9% | -53.2% | +4.0% | -22.2% | +1.0% | -31.4% | +35.7% | +190.6% | -23.2% | |
| Quick Ratio | 0.25 | 0.25 | 0.30 | 0.21 | 0.22 | 0.36 | 0.98 | 1.09 | 0.58 | 0.76 | 0.94 | 1.40 | 0.58 |
| — | -29.3% | -69.2% | -81.1% | -61.9% | -53.2% | +4.0% | -22.2% | +1.0% | -31.4% | +35.7% | +190.6% | -23.2% | |
| Interest Coverage | 5.07 | 3.40 | 6.87 | 5.16 | 4.95 | 5.78 | 7.69 | 5.45 | 4.17 | 5.94 | 4.66 | 8.13 | 3.65 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying AVB stock.
AvalonBay Communities, Inc.'s current P/E is 24.0x. The average P/E over the last 4 quarters is 29.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
AvalonBay Communities, Inc.'s current operating margin is 30.1%. 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 AvalonBay Communities, Inc.'s business trajectory between earnings reports.