Apple Hospitality REIT (NYSE:APLE) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Apple Hospitality REIT Forward PE Ratio Related Terms
Apple Hospitality REIT Forward PE Ratio Historical Data
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The historical data trend for Apple Hospitality REIT's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Apple Hospitality REIT Forward PE Ratio Chart
Apple Hospitality REIT Annual Data
Trend
2015-12
2016-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
10.92
17.51
17.21
24.45
18.08
19.42
18.23
16.72
Apple Hospitality REIT Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
10.92
18.76
19.05
18.32
17.51
19.69
19.49
19.12
17.21
25.38
25.91
11.74
24.45
28.25
14.62
18.08
19.27
18.66
17.42
19.42
18.62
15.72
18.02
18.23
16.13
15.72
16.15
16.72
13.47
APLE vs PK, DRH, SHO: Forward PE Ratio Comparison
For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Apple Hospitality REIT Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Apple Hospitality REIT's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Apple Hospitality REIT's Forward PE Ratio falls into.
Apple Hospitality REIT Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Apple Hospitality REIT (APLE) has a Forward PE Ratio of 21.69 as of Jul. 01, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Apple Hospitality REIT and its competitors. According to the industry distribution chart, Apple Hospitality REIT ranks #297 out of 463 companies in the REITs industry, placing it in the top 64.1%.
Is Apple Hospitality REIT's Forward PE Ratio too high?
Apple Hospitality REIT's current Forward PE Ratio is 21.69. The REITs industry median Forward PE Ratio is 16.25. Apple Hospitality REIT's value of 21.69 is 33.5% above this industry median. Based on the distribution chart, Apple Hospitality REIT ranks #297 out of 463 companies in the REITs industry, which is below the industry midpoint. Overall, Apple Hospitality REIT has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple Hospitality REIT's Forward PE Ratio compare to PK and DRH?
According to the REITs industry distribution chart, Apple Hospitality REIT ranks #297 out of 463 companies for Forward PE Ratio. This places Apple Hospitality REIT in the lower half of its industry. The industry median Forward PE Ratio is 16.25. Apple Hospitality REIT's value of 21.69 is 33.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.25, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple Hospitality REIT's current Forward PE Ratio of 21.69 is 33.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Apple Hospitality REIT and its competitors. For the REITs industry, the median Forward PE Ratio is 16.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple Hospitality REIT's current Forward PE Ratio is 21.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Hospitality REIT stock overvalued right now?
Based on GuruFocus' analysis, Apple Hospitality REIT (APLE) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.97, compared to a current price of $16.81 — trading 12.3% above its estimated fair value. The current Forward PE Ratio is 21.69 and 33.5% above the REITs industry median of 16.25. Apple Hospitality REIT's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Apple Hospitality REIT (APLE), the current Forward PE Ratio is 21.69 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apple Hospitality REIT (APLE) Overvalued in 2026?
Based on GuruFocus' analysis, Apple Hospitality REIT stock appears to be overvalued.
The current stock price of $16.81 is trading 12.3% above its estimated GF Value™ of $14.97.
GuruFocus considers Apple Hospitality REIT to be Modestly Overvalued.
Key valuation signals for APLE:
Forward PE Ratio: 21.69
GF Value™: $14.97 vs. price of $16.81 (12.3% above fair value)
Industry Position: 33.5% above the REITs median (#297 of 463)
No single metric tells the full story. See the APLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
84GF Score
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