Independence Realty Trust, Inc. (IRT) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2026
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IRT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Independence Realty Trust, Inc. (IRT) trades at a price-to-earnings ratio of 68.8x, with a stock price of $16.50 and trailing twelve-month earnings per share of $0.20.
The current P/E is 19% below its 5-year average of 84.5x. 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 35th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.1x, IRT trades at a 185% premium to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 165.1x.
Relative to the broader market, IRT commands a significant premium over 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 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $23B | 10.4 | 0.53Best | +7% | |
| $15B | 34.4 | 2.99 | -16% | |
| $11B | 29.6 | 1.27 | +136% | |
| $12B | 32.7 | 0.79 | +335% | |
| $596M | 1.1Lowest | - | +623%Best | |
| $25B | 22.8 | 4.47 | +7% | |
| $26B | 25.1 | 5.36 | -3% | |
| $17B | 25.6 | 6.92 | -10% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
IRT Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $14.89 | $0.20 | 73.2x | -10% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $17.48 | $0.24 | 72.9x | -11% |
| FY2025 Q3 | $16.39 | $0.10 | 171.8x | +110% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $17.69 | $0.12 | 146.6x | +79% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $21.23 | $0.13 | 160.6x | +96% |
| FY2024 Q4 | $19.84 | $0.17 | 113.9x | +39% | |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $14.07 | $0.14 | 98.6x | +21% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $18.22 | $0.20 | 92.0x | +13% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $16.03 | $0.12 | 136.1x | +66% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $16.86 | $0.43 | 39.2x | -52% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $16.73 | $0.61 | 27.4x | -66% |
| FY2022 Q2 | $20.73 | $0.65 | 32.0x | -61% |
Average P/E for displayed period: 81.8x
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Start ComparisonIRT — Frequently Asked Questions
Quick answers to the most common questions about buying IRT stock.
Is IRT stock overvalued or undervalued?
IRT trades at 68.8x P/E, near its 5-year average of 84.5x. The 35th percentile ranking places valuation within normal historical bounds.
How does IRT's valuation compare to peers?
Independence Realty Trust, Inc. P/E of 68.8x compares to sector median of 24.1x. The premium reflects expected growth above peers.
What is IRT's PEG ratio?
IRT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2026.