TangerSKT +1.42%78 Forward PE Ratio is 38.29 as of Jun. 24, 2026. GuruFocus rates SKT with a GF Score™ of 78/100 and a GF Value™ of $34.11 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 462 REITs companies, Tanger ranks worse than 80.95% on this metric.
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 .
Tanger Forward PE Ratio Related Terms
Tanger Forward PE Ratio Historical Data
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The historical data trend for Tanger'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.
Tanger Forward PE Ratio Chart
Tanger Annual Data
Trend
2015-12
2016-12
2017-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
30.58
32.05
24.04
100.00
24.39
21.55
28.25
37.55
24.19
Tanger Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2019-03
2019-06
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
30.58
32.79
35.34
33.44
32.05
28.25
26.60
24.15
24.04
21.28
24.15
23.87
22.08
12.63
26.60
100.00
53.19
47.17
30.49
24.39
24.33
19.27
16.89
21.55
37.04
26.60
24.04
28.25
35.59
32.68
34.72
37.55
35.98
33.63
32.36
24.19
31.59
SKT vs PECO, CURB, AKR: Forward PE Ratio Comparison
For the REIT - Retail subindustry, Tanger'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.
Tanger Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Tanger's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Tanger'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.
Tanger (SKT) has a Forward PE Ratio of 38.29 as of Jun. 24, 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 Tanger and its competitors. According to the industry distribution chart, Tanger ranks #374 out of 462 companies in the REITs industry, placing it in the top 81%.
Is Tanger's Forward PE Ratio too high?
Tanger's current Forward PE Ratio is 38.29. The REITs industry median Forward PE Ratio is 16.19. Tanger's value of 38.29 is 136.6% above this industry median. Based on the distribution chart, Tanger ranks #374 out of 462 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Tanger has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tanger's Forward PE Ratio compare to PECO and CURB?
According to the REITs industry distribution chart, Tanger ranks #374 out of 462 companies for Forward PE Ratio. This places Tanger in the lower half of its industry. The industry median Forward PE Ratio is 16.19. Tanger's value of 38.29 is 136.6% 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 16.19, based on 462 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. Tanger's current Forward PE Ratio of 38.29 is 136.6% 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 Tanger and its competitors. For the REITs industry, the median Forward PE Ratio is 16.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanger's current Forward PE Ratio is 38.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanger stock overvalued right now?
Based on GuruFocus' analysis, Tanger (SKT) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.11, compared to a current price of $40.59 — trading 19% above its estimated fair value. The current Forward PE Ratio is 38.29 and 136.6% above the REITs industry median of 16.19. Tanger's overall GF Score™ is 78/100 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 Tanger (SKT), the current Forward PE Ratio is 38.29 as of Jun. 24, 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 Tanger (SKT) Overvalued in 2026?
Based on GuruFocus' analysis, Tanger stock appears to be overvalued.
The current stock price of $40.59 is trading 19% above its estimated GF Value™ of $34.11.
GuruFocus considers Tanger to be Modestly Overvalued.
Key valuation signals for SKT:
Forward PE Ratio: 38.29
GF Value™: $34.11 vs. price of $40.59 (19% above fair value)
Industry Position: 136.6% above the REITs median (#374 of 462)
No single metric tells the full story. See the SKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.
78GF Score
Get the complete analysis for SKT
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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