Realty Income Corporation (O) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2025
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O Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Realty Income Corporation (O) trades at a price-to-earnings ratio of 54.3x, with a stock price of $63.57 and trailing twelve-month earnings per share of $1.17.
The current P/E is roughly in line with its 5-year average of 54.2x. Over the past five years, O's P/E has ranged from a low of 37.8x to a high of 76.3x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.1x, O trades at a 125% 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, O 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 O 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.
O P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $8B | 21.5 | 1.92 | -4% | |
| $9B | 42.9 | - | -1% | |
| $7B | 24.4 | 1.02 | +11% | |
| $2B | 24.4 | - | +8% | |
| $2B | 254.0 | 4.34 | +150%Best | |
| $66B | 14.3Lowest | 0.45Best | +95% | |
| $16B | 28.4 | - | +51% | |
| $14B | 28.0 | 0.46 | +34% | |
| $9B | 24.1 | - | +13% | |
| $16B | 34.7 | - | +1% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
O Historical P/E Data (1995–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $56.37 | $1.17 | 48.2x | +45% |
| FY2025 Q3 | $60.79 | $1.08 | 56.3x | +70% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $57.61 | $1.03 | 55.9x | +68% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $58.01 | $1.10 | 52.7x | +59% |
| FY2024 Q4 | $53.41 | $0.98 | 54.5x | +64% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $63.42 | $1.05 | 60.4x | +82% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $52.82 | $1.08 | 48.9x | +47% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $54.10 | $1.08 | 50.1x | +51% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $57.42 | $1.26 | 45.6x | +37% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $49.94 | $1.32 | 37.8x | +14% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $59.79 | $1.35 | 44.3x | +33% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $63.32 | $1.43 | 44.3x | +33% |
Average P/E for displayed period: 33.2x
Full O Stock Analysis
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Start ComparisonO — Frequently Asked Questions
Quick answers to the most common questions about buying O stock.
Is O stock overvalued or undervalued?
O trades at 54.3x P/E, near its 5-year average of 54.2x. The 55th percentile ranking places valuation within normal historical bounds.
How does O's valuation compare to peers?
Realty Income Corporation P/E of 54.3x compares to sector median of 24.1x. The premium reflects expected growth above peers.
What is O's PEG ratio?
O PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1995-2025.