Independence Realty Trust, Inc. (IRT) P/E Ratio History
UndervaluedTrading at 60.8x vs 5Y avg 87.2x · 25th percentile · Below historical baseline · Data 2013–2026
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P/E Ratio Analysis
As of September 24, 2026, Independence Realty Trust, Inc. (IRT) trades at a price-to-earnings ratio of 60.8x, with a stock price of $14.58 and trailing twelve-month earnings per share of $0.18.
The current P/E is 30% below its 5-year average of 87.2x. Over the past five years, IRT's P/E has ranged from a low of 27.4x to a high of 171.8x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Real Estate sector median P/E of 22.2x, IRT trades at a 173% premium to its sector peers. The sector includes 175 companies with P/E ratios ranging from 0.0x to 184.4x.
Relative to the broader market, IRT commands a significant premium over 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 IRT 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.
IRT Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
IRT P/E vs Peers
Diversified apartment REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $29B | 13.1 | 0.67Best | +7% | |
| $14B | 31.2 | 2.70 | -16% | |
| $10B | 27.6 | 1.18 | +136% | |
| $11B | 29.9 | 0.72 | +335% | |
| $316M | 0.6Lowest | - | +623%Best | |
| $26B | 23.4 | 4.60 | +7% | |
| $10B | 9.2 | 1.97 | -3% | |
| $18B | 26.3 | 7.10 | -10% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
IRT Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $16.69 | $0.18 | 91.0x | +11% |
| FY2026 Q1 | - | $14.89 | $0.20 | 73.2x | -11% |
| FY2025 Q4 | Dec 31 2025 | $17.48 | $0.24 | 72.9x | -11% |
| FY2025 Q3 | - | $16.39 | $0.10 | 171.8x | +110% |
| FY2025 Q2 | Jun 30 2025 | $17.69 | $0.12 | 146.6x | +79% |
| FY2025 Q1 | Mar 31 2025 | $21.23 | $0.13 | 160.6x | +96% |
| FY2024 Q4 | - | $19.84 | $0.17 | 113.9x | +39% |
| FY2023 Q3 | Sep 30 2023 | $14.07 | $0.14 | 98.6x | +20% |
| FY2023 Q2 | Jun 30 2023 | $18.22 | $0.20 | 92.0x | +12% |
| FY2023 Q1 | Mar 31 2023 | $16.03 | $0.12 | 136.1x | +66% |
| FY2022 Q4 | Dec 31 2022 | $16.86 | $0.43 | 39.2x | -52% |
| FY2022 Q3 | Sep 30 2022 | $16.73 | $0.61 | 27.4x | -67% |
| FY2022 Q2 | - | $20.73 | $0.65 | 32.0x | -61% |
| FY2022 Q1 | - | $26.44 | $0.71 | 37.2x | -55% |
| FY2021 Q4 | Dec 31 2021 | $25.83 | $0.38 | 68.0x | -17% |
| FY2021 Q3 | - | $20.35 | $0.29 | 70.2x | -14% |
| FY2021 Q2 | Jun 30 2021 | $18.23 | $0.19 | 95.9x | +17% |
| FY2021 Q1 | Mar 31 2021 | $15.20 | $0.17 | 89.4x | +9% |
| FY2020 Q4 | - | $13.43 | $0.16 | 86.1x | +5% |
| FY2020 Q3 | Sep 30 2020 | $11.59 | $0.28 | 42.0x | -49% |
| FY2020 Q2 | - | $11.49 | $0.32 | 36.4x | -56% |
| FY2020 Q1 | - | $8.94 | $0.47 | 19.2x | -77% |
| FY2019 Q4 | - | $14.08 | $0.50 | 28.2x | -66% |
| FY2019 Q3 | Sep 30 2019 | $14.31 | $0.40 | 35.8x | -56% |
| FY2019 Q2 | Jun 30 2019 | $11.57 | $0.40 | 28.9x | -65% |
| FY2019 Q1 | Mar 31 2019 | $10.79 | $0.28 | 38.5x | -53% |
| FY2018 Q4 | Dec 31 2018 | $9.18 | $0.29 | 31.7x | -61% |
| FY2018 Q3 | Sep 30 2018 | $10.53 | $0.21 | 50.1x | -39% |
| FY2018 Q2 | Jun 30 2018 | $10.31 | $0.18 | 57.3x | -30% |
| FY2018 Q1 | Mar 31 2018 | $9.18 | $0.41 | 22.4x | -73% |
| FY2017 Q4 | Dec 31 2017 | $10.09 | $0.43 | 23.5x | -71% |
| FY2017 Q1 | Mar 31 2017 | $9.37 | $0.11 | 85.2x | +4% |
| FY2016 Q4 | Dec 31 2016 | $8.92 | $0.05 | 184.3x | +125% |
| FY2016 Q3 | Sep 30 2016 | $9.00 | $0.75 | 12.0x | -85% |
| FY2016 Q2 | - | $8.18 | $1.38 | 5.9x | -93% |
| FY2016 Q1 | - | $7.12 | $0.78 | 9.1x | -89% |
| FY2015 Q4 | - | $7.51 | $0.77 | 9.7x | -88% |
| FY2015 Q3 | Sep 30 2015 | $7.21 | $0.69 | 10.4x | -87% |
| FY2015 Q2 | - | $7.53 | $0.01 | 724.0x | +783% |
| FY2014 Q4 | Dec 31 2014 | $9.31 | $0.19 | 48.9x | -40% |
| FY2014 Q3 | - | $9.68 | $0.21 | 46.0x | -44% |
| FY2014 Q2 | Jun 30 2014 | $9.46 | $0.24 | 39.0x | -52% |
| FY2014 Q1 | Mar 31 2014 | $8.91 | $0.26 | 34.5x | -58% |
| FY2013 Q4 | - | $8.34 | $0.07 | 120.3x | +47% |
| FY2013 Q3 | Sep 30 2013 | $8.25 | $0.03 | 243.4x | +197% |
Average P/E for displayed period: 82.0x
IRT 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.
IRT — Frequently Asked Questions
Quick answers to the most common questions about buying IRT stock.
What is IRT's P/E ratio?
Independence Realty Trust, Inc. (IRT) trailing twelve-month P/E ratio is 60.8x, based on TTM diluted EPS of $0.18. The 5-year average P/E is 87.2x and the historical range spans 27.4x to 171.8x.
Is IRT stock overvalued or undervalued?
IRT trades at 60.8x P/E, below its 5-year average of 87.2x. At the 25th percentile of its historical range (27.4x–171.8x), the stock is priced at a discount to its own history.
Is IRT stock expensive?
No, IRT is not expensive on a historical basis. The current P/E of 60.8x is below the 5-year average of 87.2x and sits at the 25th percentile of its valuation range.
What is IRT's historical P/E range?
Over the past 5 years, IRT's P/E ratio has ranged from 27.4x to 171.8x, with a median of 89.4x and an average of 87.2x. The current P/E of 60.8x places the stock at the 25th percentile of this range. Full historical data spans 2013–2026.
How does IRT's P/E compare to the S&P 500?
IRT trades at 60.8x P/E versus the S&P 500 median of 25.3x. The 140% premium to the market typically reflects higher expected earnings growth or quality.
How does IRT's valuation compare to Real Estate peers?
Independence Realty Trust, Inc. P/E of 60.8x 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 IRT's PEG ratio?
IRT PEG ratio is N/A, based on a P/E of 60.8x and EPS growth of 41.2%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is IRT's earnings yield?
IRT earnings yield is 1.65%, the inverse of its 60.8x 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.