Granite Real Estate Investment Trust (GRP-UN) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2025
Loading P/E history...
Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 1, 2026, Granite Real Estate Investment Trust (GRP-UN) trades at a price-to-earnings ratio of 15.6x, with a stock price of $65.09 and trailing twelve-month earnings per share of $4.74.
The current P/E is 62% above its 5-year average of 9.6x. Over the past five years, GRP-UN's P/E has ranged from a low of 3.2x to a high of 27.0x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Real Estate sector median P/E of 23.4x, GRP-UN trades at a 33% discount to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.8x to 176.8x.
Relative to the broader market, GRP-UN trades at a notable discount to the S&P 500 median P/E of 26.2x. 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 GRP-UN 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.
Peer Comparison
P/E metrics vs. Industrial Logistics Warehouse REITs peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
PLDPrologis, Inc. | $132B | 35.6 | 3.29 | +22% |
EGPEastGroup Properties, Inc. | $10B | 42.1 | 2.81 | +5% |
REXRRexford Industrial Realty, Inc. | $9B | 31.2 | 1.51 | +7% |
FRFirst Industrial Realty Trust, Inc. | $8B | 29.1 | 10.00 | +5% |
STAGSTAG Industrial, Inc. | $7B | 26.9 | 13.19 | +40% |
TRNOTerreno Realty Corporation | $7B | 16.9 | 0.48Best | +104% |
GRP-UNGranite Real Estate Investment Trust | $4B | 15.6 | - | +167% |
LXPLXP Industrial Trust | $3B | 27.2 | - | +180% |
PLYMPlymouth Industrial REIT, Inc. | $979M | 7.1Lowest | - | +1445%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $55.74 | $4.69 | 11.9x | -52% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $50.70 | $5.35 | 9.5x | -62% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $46.82 | $5.01 | 9.3x | -62% |
| FY2024 Q4 | $48.54 | $5.71 | 8.5x | -65% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $61.11 | $4.87 | 12.5x | -49% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $49.60 | $3.62 | 13.7x | -44% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $57.23 | $3.39 | 16.9x | -31% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $57.71 | $2.14 | 27.0x | +10% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $50.99 | $2.30 | 22.2x | -10% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $48.56 | $9.47 | 5.1x | -79% |
| FY2022 Q2 | $61.12 | $17.30 | 3.5x | -86% | |
| FY2022 Q1 | $77.15 | $24.21 | 3.2x | -87% |
Average P/E for displayed period: 24.6x
See GRP-UN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs GRP-UN Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare GRP-UN vs WELL
See how GRP-UN stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is GRP-UN stock overvalued or undervalued?
GRP-UN trades at 15.6x P/E, above its 5-year average of 9.6x. The 85th percentile ranking indicates a premium to historical valuation.
How does GRP-UN's valuation compare to peers?
Granite Real Estate Investment Trust P/E of 15.6x compares to sector median of 23.4x. The discount suggests lower growth expectations or higher risk.
What is GRP-UN's PEG ratio?
GRP-UN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2025.