Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Invitation Homes (FRA:4IV) 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 .
Invitation Homes Forward PE Ratio Related Terms
Invitation Homes Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Invitation Homes'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.
Invitation Homes Forward PE Ratio Chart
Invitation Homes Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
16.03
35.84
83.33
69.44
41.49
44.84
44.00
33.09
Invitation Homes Quarterly Data
2017-03
2017-06
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
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
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
178.57
178.57
18.59
19.49
17.89
16.03
19.57
37.31
38.17
35.84
25.97
101.01
82.64
83.33
83.33
89.29
63.29
69.44
53.76
31.45
39.84
41.49
44.64
49.02
37.88
44.84
50.00
51.55
43.67
44.00
44.38
37.22
35.08
33.09
33.81
FRA:4IV vs ESS, MAA, SUI: Forward PE Ratio Comparison
For the REIT - Residential subindustry, Invitation Homes'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.
Invitation Homes Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Invitation Homes's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Invitation Homes's Forward PE Ratio falls into.
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.
Invitation Homes (FRA:4IV) has a Forward PE Ratio of 40.19 as of Jul. 23, 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 Invitation Homes and its competitors. According to the industry distribution chart, Invitation Homes ranks #382 out of 460 companies in the REITs industry, placing it in the top 83%.
Is Invitation Homes' Forward PE Ratio too high?
Invitation Homes' current Forward PE Ratio is 40.19. The REITs industry median Forward PE Ratio is 16.48. Invitation Homes' value of 40.19 is 143.9% above this industry median. Based on the distribution chart, Invitation Homes ranks #382 out of 460 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Invitation Homes has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' Forward PE Ratio compare to ESS and MAA?
According to the REITs industry distribution chart, Invitation Homes ranks #382 out of 460 companies for Forward PE Ratio. This places Invitation Homes in the lower half of its industry. The industry median Forward PE Ratio is 16.48. Invitation Homes' value of 40.19 is 143.9% 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 16.48, based on 460 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. Invitation Homes's current Forward PE Ratio of 40.19 is 143.9% 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 Invitation Homes and its competitors. For the REITs industry, the median Forward PE Ratio is 16.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invitation Homes's current Forward PE Ratio is 40.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invitation Homes stock overvalued right now?
Based on GuruFocus' analysis, Invitation Homes (FRA:4IV) is currently considered Modestly Undervalued. The stock's GF Value™ is €32.42, compared to a current price of €25.80 — trading 20.4% below its estimated fair value. The current Forward PE Ratio is 40.19 and 143.9% above the REITs industry median of 16.48. Invitation Homes' overall GF Score™ is 82/100 with 6 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 Invitation Homes (FRA:4IV), the current Forward PE Ratio is 40.19 as of Jul. 23, 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 Invitation Homes (FRA:4IV) Overvalued in 2026?
Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued.
The current stock price of €25.80 is trading 20.4% below its estimated GF Value™ of €32.42.
GuruFocus considers Invitation Homes to be Modestly Undervalued.
Key valuation signals for FRA:4IV:
Forward PE Ratio: 40.19
GF Value™: €32.42 vs. price of €25.80 (20.4% below fair value)
Industry Position: 143.9% above the REITs median (#382 of 460)
No single metric tells the full story. See the FRA:4IV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.
82GF Score
Get the complete analysis for FRA:4IV
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:4IV has been successfully added to your 
