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Apollo Commercial Real Estate Finance (NYSE:ARI) 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 .
Apollo Commercial Real Estate Finance Forward PE Ratio Related Terms
Apollo Commercial Real Estate Finance Forward PE Ratio Historical Data
* 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.
Apollo Commercial Real Estate Finance Forward PE Ratio Chart
Apollo Commercial Real Estate Finance Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
8.81
10.34
8.29
9.58
7.72
11.22
10.60
10.27
Apollo Commercial Real Estate Finance Quarterly Data
2016-03
2017-03
2018-03
2018-06
2018-09
2018-12
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
7.45
8.59
7.85
10.45
8.94
8.81
10.34
5.13
7.34
6.71
8.29
10.73
10.63
10.50
9.58
10.64
7.78
5.73
7.72
4.89
6.28
6.99
11.22
17.57
15.70
10.60
11.36
11.30
10.31
10.27
13.39
ARI vs ORC, LADR, TWO: Forward PE Ratio Comparison
For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.
Apollo Commercial Real Estate Finance Forward PE Ratio vs REITs Industry
Apollo Commercial Real Estate Finance 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.
Apollo Commercial Real Estate Finance (ARI) has a Forward PE Ratio of 56.29 as of Jul. 18, 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 Apollo Commercial Real Estate Finance and its competitors. According to the industry distribution chart, Apollo Commercial Real Estate Finance ranks #415 out of 461 companies in the REITs industry, placing it in the top 90%.
Is Apollo Commercial Real Estate Finance's Forward PE Ratio too high?
Apollo Commercial Real Estate Finance's current Forward PE Ratio is 56.29. The REITs industry median Forward PE Ratio is 16.39. Apollo Commercial Real Estate Finance's value of 56.29 is 243.4% above this industry median. Based on the distribution chart, Apollo Commercial Real Estate Finance ranks #415 out of 461 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Apollo Commercial Real Estate Finance has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Commercial Real Estate Finance's Forward PE Ratio compare to ORC and LADR?
According to the REITs industry distribution chart, Apollo Commercial Real Estate Finance ranks #415 out of 461 companies for Forward PE Ratio. This places Apollo Commercial Real Estate Finance in the lower half of its industry. The industry median Forward PE Ratio is 16.39. Apollo Commercial Real Estate Finance's value of 56.29 is 243.4% 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 16.39, based on 461 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. Apollo Commercial Real Estate Finance's current Forward PE Ratio of 56.29 is 243.4% 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 Apollo Commercial Real Estate Finance and its competitors. For the REITs industry, the median Forward PE Ratio is 16.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Commercial Real Estate Finance's current Forward PE Ratio is 56.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Commercial Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance (ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.43, compared to a current price of $6.98 — trading 26% below its estimated fair value. The current Forward PE Ratio is 56.29 and 243.4% above the REITs industry median of 16.39. Apollo Commercial Real Estate Finance's overall GF Score™ is 57/100 with 8 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 Apollo Commercial Real Estate Finance (ARI), the current Forward PE Ratio is 56.29 as of Jul. 18, 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 Apollo Commercial Real Estate Finance (ARI) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance stock appears to be undervalued.
The current stock price of $6.98 is trading 26% below its estimated GF Value™ of $9.43.
GuruFocus considers Apollo Commercial Real Estate Finance to be Modestly Undervalued.
Key valuation signals for ARI:
Forward PE Ratio: 56.29
GF Value™: $9.43 vs. price of $6.98 (26% below fair value)
Industry Position: 243.4% above the REITs median (#415 of 461)
No single metric tells the full story. See the ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Commercial Real Estate Finance Business Description
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
57GF Score
Get the complete analysis for ARI
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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