Highwoods Properties, Inc. (HIW) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2026
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HIW Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Highwoods Properties, Inc. (HIW) trades at a price-to-earnings ratio of 17.6x, with a stock price of $25.57 and trailing twelve-month earnings per share of $0.83.
The current P/E is 29% below its 5-year average of 24.9x. Over the past five years, HIW's P/E has ranged from a low of 16.2x to a high of 51.3x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.2x, HIW trades at a 27% discount to its sector peers. The sector includes 171 companies with P/E ratios ranging from 1.1x to 196.6x.
Relative to the broader market, HIW trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 HIW 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.
HIW P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 109.5 | - | -20% | |
| $11B | 41.9 | 3.48 | +5% | |
| $1B | 80.3 | - | -37% | |
| $2B | 23.7 | - | +420% | |
| $9B | 34.2 | - | +1833%Best | |
| $4B | 14.9Lowest | 2.04Best | +31% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HIW Historical P/E Data (1995–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $21.41 | $0.84 | 25.5x | -15% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $25.82 | $1.45 | 17.8x | -41% |
| FY2025 Q3 | $31.82 | $1.16 | 27.4x | -9% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $31.09 | $1.18 | 26.3x | -12% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $29.64 | $1.60 | 18.5x | -38% |
| FY2024 Q4 | $30.58 | $0.95 | 32.2x | +7% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $33.51 | $1.34 | 25.0x | -17% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $26.27 | $1.41 | 18.6x | -38% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $26.18 | $0.89 | 29.6x | -2% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $22.96 | $1.06 | 21.8x | -28% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $20.61 | $0.69 | 29.8x | -1% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $23.91 | $0.61 | 39.1x | +30% |
Average P/E for displayed period: 30.1x
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Start ComparisonHIW — Frequently Asked Questions
Quick answers to the most common questions about buying HIW stock.
Is HIW stock overvalued or undervalued?
HIW trades at 17.6x P/E, below its 5-year average of 24.9x. At the 15th percentile of historical range, the stock is priced at a discount to its own history.
How does HIW's valuation compare to peers?
Highwoods Properties, Inc. P/E of 17.6x compares to sector median of 24.2x. The discount suggests lower growth expectations or higher risk.
What is HIW's PEG ratio?
HIW PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1995-2026.