NYSE:AVB (USA) Also trade in: Germany UK

AvalonBay Communities Inc

$ 203.74 0.43 (0.21%)
Volume: 517,184 Avg Vol (1m): 486,971
Market Cap $: 28.40 Bil Enterprise Value $: 35.38 Bil
P/E (TTM): 28.09 P/B: 2.64
Earnings Power Value 5.74
Net Current Asset Value -54.51
Tangible Book 77.32
Projected FCF 147.87
Median P/S Value 195.99
Graham Number 112.3
Peter Lynch Value 53.29
DCF (FCF Based) 97.13
DCF (Earnings Based) 206.4
1Y (-%)

Financial Strength : 5/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 0.01
Cash-To-Debt ranked lower than
85.45% of 598 companies
in the REIT - Residential industry.
Industry Max: 10000, Med: 0.06, Min: 0.01
AVB: 0.01
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0, Med: 0.03, Max: 0.71
Current: 0.01
0
0.71
Equity-to-Asset 0.58
Equity-to-Asset ranked higher than
60.12% of 642 companies
in the REIT - Residential industry.
Industry Max: 1.15, Med: 0.52, Min: -0.31
AVB: 0.58
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.39, Med: 0.53, Max: 0.65
Current: 0.58
0.39
0.65
Debt-to-Equity 0.66
Debt-to-Equity ranked higher than
55.46% of 613 companies
in the REIT - Residential industry.
Industry Max: 131.44, Med: 0.81, Min: 0.01
AVB: 0.66
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.19, Med: 0.77, Max: 1.44
Current: 0.66
0.19
1.44
Debt-to-EBITDA 4.79
Debt-to-EBITDA ranked higher than
61.18% of 608 companies
in the REIT - Residential industry.
Industry Max: 403.53, Med: 5.75, Min: 0.02
AVB: 4.79
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 4.79, Med: 6.24, Max: 8.32
Current: 4.79
4.79
8.32
Interest Coverage 3.91
Interest Coverage ranked higher than
59.45% of 614 companies
in the REIT - Residential industry.
Industry Max: 13686.28, Med: 3.35, Min: 0.05
AVB: 3.91
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 1.54, Med: 3.03, Max: 4.19
Current: 3.91
1.54
4.19
Piotroski F-Score 8
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 2.49
DISTRESS
GREY
SAFE
Beneish M-Score -2.61
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 4.71%
WACC 5.85%

Profitability & Growth : 9/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 36.50
Operating Margin ranked lower than
65.37% of 618 companies
in the REIT - Residential industry.
Industry Max: 26100, Med: 50.42, Min: -1947.83
AVB: 36.5
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 24.07, Med: 36.24, Max: 38.37
Current: 36.5
24.07
38.37
Net Margin % 43.81
Net Margin ranked lower than
56.86% of 649 companies
in the REIT - Residential industry.
Industry Max: 26300, Med: 43.99, Min: -2682.72
AVB: 43.81
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 18.75, Med: 40.6, Max: 50.56
Current: 43.81
18.75
50.56
ROE % 9.53
ROE ranked higher than
55.30% of 651 companies
in the REIT - Residential industry.
Industry Max: 480.34, Med: 7.39, Min: -1081.35
AVB: 9.53
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 4.57, Med: 7.79, Max: 11.42
Current: 9.53
4.57
11.42
ROA % 5.39
ROA ranked higher than
61.89% of 656 companies
in the REIT - Residential industry.
Industry Max: 58.17, Med: 3.68, Min: -33.9
AVB: 5.39
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 2.13, Med: 4.42, Max: 5.94
Current: 5.39
2.13
5.94
3-Year Total Revenue Growth Rate 7.20
3-Year Revenue Growth Rate ranked higher than
74.11% of 560 companies
in the REIT - Residential industry.
Industry Max: 260.2, Med: 2.2, Min: -100
AVB: 6.2
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -1.9, Med: 5.4, Max: 31.4
Current: 6.2
-1.9
31.4
3-Year Total EBITDA Growth Rate 7.60
3-Year EBITDA Growth Rate ranked higher than
63.89% of 504 companies
in the REIT - Residential industry.
Industry Max: 792.4, Med: 2.9, Min: -229.9
AVB: 6.6
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -30.3, Med: 6.05, Max: 44.2
Current: 6.6
-30.3
44.2
3-Year EPS w/o NRI Growth Rate 8.60
3-Year EPS w/o NRI Growth Rate ranked higher than
56.42% of 475 companies
in the REIT - Residential industry.
Industry Max: 517.1, Med: 5.6, Min: -150.2
AVB: 8.6
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -26.7, Med: 10.2, Max: 153.8
Current: 8.6
-26.7
153.8

» AVB's 30-Y Financials

Financials (Next Earnings Date: 2019-07-31)

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Business Description

Industry REITs » REIT - Residential    NAICS : 531110    SIC : 6798
Compare NYSE:EQR NYSE:ESS NYSE:INVH NYSE:UDR NYSE:MAA NYSE:SUI NYSE:ELS NYSE:CPT NAS:AGNC NYSE:AIV NYSE:AMH NYSE:NRZ NYSE:ACC TSX:CAR.UN NYSE:TWO TSE:3269 XPAR:ALTA XBRU:AED TSE:3282 TSX:BEI.UN
Traded in other countries WV8.Germany 0HJO.UK
Address Ballston Tower, 671 N. Glebe Road, Suite 800, Arlington, VA, USA, 22203
AvalonBay Communities owns or has an interest in 285 apartment communities, with nearly 84,000 apartment units throughout 10 states and Washington, D.C., 27 communities under development, and billions of dollars' worth of cost in its potential pipeline.

Ratios

Current vs industry vs history
PE Ratio (TTM) 28.09
PE Ratio ranked lower than
77.30% of 586 companies
in the REIT - Residential industry.
Industry Max: 570, Med: 15.5, Min: 0.01
AVB: 28.09
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 7, Med: 29.63, Max: 96.88
Current: 28.09
7
96.88
Forward PE Ratio 44.84
Forward P/E ranked lower than
84.80% of 250 companies
in the REIT - Residential industry.
Industry Max: 222.22, Med: 19.65, Min: 4.77
AVB: 44.84
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 28.09
PE without NRI ranked lower than
76.25% of 581 companies
in the REIT - Residential industry.
Industry Max: 570, Med: 15.6, Min: 0.01
AVB: 28.09
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 16.31, Med: 45.84, Max: 312.3
Current: 28.09
16.31
312.3
Price-to-Owner-Earnings 17.51
Price-to-Owner-Earnings ranked lower than
89.02% of 328 companies
in the REIT - Residential industry.
Industry Max: 1320, Med: 14.08, Min: 0.85
AVB: 17.51
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 14.42, Med: 18.61, Max: 168.12
Current: 17.51
14.42
168.12
PB Ratio 2.64
PB Ratio ranked lower than
89.06% of 640 companies
in the REIT - Residential industry.
Industry Max: 273.33, Med: 1.1, Min: 0.04
AVB: 2.64
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 1.11, Med: 2.4, Max: 3.56
Current: 2.64
1.11
3.56
PS Ratio 12.30
PS Ratio ranked lower than
80.29% of 614 companies
in the REIT - Residential industry.
Industry Max: 211.74, Med: 7.55, Min: 0.01
AVB: 12.3
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 3.99, Med: 11.85, Max: 15.1
Current: 12.3
3.99
15.1
Price-to-Free-Cash-Flow 22.46
Price-to-Free-Cash-Flow ranked lower than
100.00% of 366 companies
in the REIT - Residential industry.
Industry Max: 2530, Med: 18.09, Min: 0.07
AVB: 22.46
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 12.7, Med: 23.36, Max: 58.01
Current: 22.46
12.7
58.01
Price-to-Operating-Cash-Flow 20.95
Price-to-Operating-Cash-Flow ranked lower than
73.21% of 560 companies
in the REIT - Residential industry.
Industry Max: 435, Med: 14.62, Min: 0.07
AVB: 20.95
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 7.19, Med: 21.97, Max: 33.13
Current: 20.95
7.19
33.13
EV-to-EBIT 42.32
EV-to-EBIT ranked lower than
77.42% of 589 companies
in the REIT - Residential industry.
Industry Max: 1419.39, Med: 19.79, Min: 0.12
AVB: 42.32
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 24, Med: 42.9, Max: 75.8
Current: 42.32
24
75.8
EV-to-EBITDA 24.06
EV-to-EBITDA ranked lower than
73.38% of 601 companies
in the REIT - Residential industry.
Industry Max: 1267.57, Med: 15.96, Min: 0.12
AVB: 24.06
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 14.2, Med: 24.6, Max: 33.8
Current: 24.06
14.2
33.8
EV-to-Revenue 15.43
EV-to-Revenue ranked lower than
63.23% of 650 companies
in the REIT - Residential industry.
Industry Max: 4424, Med: 12.62, Min: 0.19
AVB: 15.43
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 8.2, Med: 15.4, Max: 20.8
Current: 15.43
8.2
20.8
PEG Ratio 3.50
PEG Ratio ranked lower than
54.62% of 238 companies
in the REIT - Residential industry.
Industry Max: 1074.75, Med: 1.92, Min: 0.03
AVB: 3.5
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 1.96, Med: 6.23, Max: 520.75
Current: 3.5
1.96
520.75
Shiller PE Ratio 39.30
Shiller PE Ratio ranked lower than
72.10% of 233 companies
in the REIT - Residential industry.
Industry Max: 3251.85, Med: 23.55, Min: 3.32
AVB: 39.3
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 11.09, Med: 34.36, Max: 44.78
Current: 39.3
11.09
44.78
Current Ratio 0.51
Current Ratio ranked lower than
50.08% of 611 companies
in the REIT - Residential industry.
Industry Max: 450.08, Med: 1.11, Min: 0.04
AVB: 0.51
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.03, Med: 0.67, Max: 6.9
Current: 0.51
0.03
6.9
Quick Ratio 0.51
Quick Ratio ranked higher than
52.05% of 611 companies
in the REIT - Residential industry.
Industry Max: 450.08, Med: 1.01, Min: 0.02
AVB: 0.51
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.03, Med: 0.67, Max: 6.9
Current: 0.51
0.03
6.9
Days Payable 48.97
Days Payable ranked lower than
70.90% of 488 companies
in the REIT - Residential industry.
Industry Max: 12948.81, Med: 118.18, Min: 0.14
AVB: 48.97
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 37.62, Med: 54.03, Max: 67.59
Current: 48.97
37.62
67.59

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.90
Trailing Dividend Yield ranked lower than
92.64% of 978 companies
in the REIT - Residential industry.
Industry Max: 543.81, Med: 5.3, Min: 0.13
AVB: 2.9
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 2.48, Med: 3.08, Max: 8.48
Current: 2.9
2.48
8.48
Dividend Payout Ratio 0.82
Dividend Payout Ratio ranked lower than
54.14% of 700 companies
in the REIT - Residential industry.
Industry Max: 63.97, Med: 1.03, Min: 0.01
AVB: 0.82
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.72, Med: 1.23, Max: 9.3
Current: 0.82
0.72
9.3
3-Year Dividend Growth Rate (Per Share) 5.60
3-Year Dividend Growth Rate ranked higher than
66.28% of 436 companies
in the REIT - Residential industry.
Industry Max: 180.2, Med: 4.4, Min: -100
AVB: 5.6
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 7.35, Max: 11.4
Current: 5.6
0
11.4
Forward Dividend Yield % 2.99
Forward Dividend Yield ranked lower than
100.00% of 977 companies
in the REIT - Residential industry.
Industry Max: 572.61, Med: 5.84, Min: 0.06
AVB: 2.99
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 4.01
Yield-on-Cost (5y) ranked lower than
71.11% of 976 companies
in the REIT - Residential industry.
Industry Max: 693.19, Med: 6.09, Min: 0.13
AVB: 4.01
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 3.43, Med: 4.26, Max: 11.73
Current: 4.01
3.43
11.73
3-Year Share Buyback Rate -0.40
3-Year Share Buyback Rate ranked higher than
70.22% of 507 companies
in the REIT - Residential industry.
Industry Max: 32.1, Med: -4.9, Min: -581.1
AVB: -0.4
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -76.9, Med: -2.85, Max: -0.4
Current: -0.4
-76.9
-0.4

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 2.64
Price-to-Tangible-Book ranked lower than
88.10% of 630 companies
in the REIT - Residential industry.
Industry Max: 273.33, Med: 1.12, Min: 0.05
AVB: 2.64
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.87, Med: 1.96, Max: 3.77
Current: 2.64
0.87
3.77
Price-to-Projected-FCF 1.38
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
96.98% of 298 companies
in the REIT - Residential industry.
Industry Max: 51.01, Med: 1.09, Min: 0.14
AVB: 1.38
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 1.14, Med: 1.71, Max: 52.67
Current: 1.38
1.14
52.67
Price-to-DCF (Earnings Based) 0.99
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked lower than
100.00% of 21 companies
in the REIT - Residential industry.
Industry Max: 11.74, Med: 2.01, Min: 0.07
AVB: 0.99
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 0.87, Med: 2.79, Max: 24.84
Current: 0.99
0.87
24.84
Price-to-Median-PS-Value 1.04
Price-to-Median-PS-Value ranked higher than
72.00% of 500 companies
in the REIT - Residential industry.
Industry Max: 85.77, Med: 1.04, Min: 0.04
AVB: 1.04
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.3, Med: 0.74, Max: 1.21
Current: 1.04
0.3
1.21
Price-to-Peter-Lynch-Fair-Value 3.82
Price-to-Peter-Lynch-Fair-Value ranked lower than
66.94% of 124 companies
in the REIT - Residential industry.
Industry Max: 21.43, Med: 1.33, Min: 0.02
AVB: 3.82
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.6, Med: 3.51, Max: 21.08
Current: 3.82
0.6
21.08
Price-to-Graham-Number 1.81
Price-to-Graham-Number ranked lower than
82.14% of 515 companies
in the REIT - Residential industry.
Industry Max: 24.57, Med: 0.88, Min: 0.07
AVB: 1.81
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.76, Med: 1.79, Max: 5.07
Current: 1.81
0.76
5.07
Earnings Yield (Joel Greenblatt) % 2.36
Earnings Yield (Greenblatt) ranked lower than
72.02% of 629 companies
in the REIT - Residential industry.
Industry Max: 833.33, Med: 4.84, Min: -142.86
AVB: 2.36
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 1.3, Med: 2.3, Max: 4.2
Current: 2.36
1.3
4.2
Forward Rate of Return (Yacktman) % 11.25
Forward Rate of Return ranked higher than
67.18% of 387 companies
in the REIT - Residential industry.
Industry Max: 59.14, Med: 4.17, Min: -195.16
AVB: 11.25
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -6.7, Med: 3, Max: 15.7
Current: 11.25
-6.7
15.7

More Statistics

Revenue (TTM) (Mil) $ 2,289.93
EPS (TTM) $ 7.25
Beta 0.69
Volatility % 17.24
52-Week Range $ 158.06 - 204.53
Shares Outstanding (Mil) 139.4

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 8
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy N
Less Shares Outstanding yoy Y
Higher Gross Margin yoy Y
Higher Asset Turnover yoy Y