The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2023-03-20), UDR's share price is $39.40.
UDR's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2022 was $0.25. Therefore, UDR's PE Ratio for today is 157.60.
During the past 13 years, UDR's highest PE Ratio was 1099.80. The lowest was 19.29. And the median was 58.49.
UDR's EPS (Diluted) for the
three
months ended in Dec. 2022 was $0.13.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2022 was $0.25.
As of today (2023-03-20), UDR's share price is $39.40.
UDR's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2022 was $0.25. Therefore, UDR's PE Ratio without NRI ratio for today is 157.60.
During the past 13 years, UDR's highestPE Ratio without NRI was 1099.80. The lowest was 34.57. And the median was 93.26.
UDR's EPS without NRI for the
three
months ended in Dec. 2022 was $0.13.
Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2022 was $0.25.
During the past 12 months, UDR's average EPS without NRIGrowth Rate was -45.80% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -25.50% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was -13.50% per year.
During the past 13 years, UDR's highest 3-Year average EPS without NRI Growth Rate was 150.50% per year. The lowest was -101.50% per year. And the median was 3.30% per year.
UDR's EPS (Basic) for the
three
months ended in Dec. 2022 was $0.13.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2022 was $0.25.
Back to Basics: PE Ratio
UDR PE Ratio Historical Data
The historical data trend for UDR's 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.
* Premium members only.
UDR Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
PE Ratio
53.54
74.13
192.15
124.98
148.96
UDR Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
PE Ratio
124.98
112.49
95.92
85.12
148.96
Competitive Comparison
For the REIT - Residential subindustry, UDR's PE Ratio, along with its competitors' market caps and 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.
UDR PE Ratio Distribution
For the REITs industry and Real Estate sector, UDR's PE Ratio distribution charts can be found below:
* The bar in red indicates where UDR's PE Ratio falls in comparison to its industry or sector. The grey bar indicates the PE Ratio's extreme value range as defined by GuruFocus.
UDR PE Ratio Calculation
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
UDR's Share Price of today is $39.40.
UDR's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.25.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
UDR (NYSE:UDR) PE Ratio Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
PE Ratio can also be affected by non-recurring-items 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.
UDR PE Ratio Related Terms
Thank you for viewing the detailed overview of UDR's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
UDR is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities in urban submarkets throughout the United States. UDR divides its real estate portfolio into West, Mid-Atlantic, Southeast, Northeast, and Southwest geographic segments. Cumulatively, the vast majority of the company's real estate assets are located in the western, mid-Atlantic, and northeastern areas of the U.S. in terms of the total value. The urban markets of metropolitan Washington D.C.; New York City; Orange County, California; and San Francisco, specifically, account for the majority of the value of UDR's real estate property portfolio. The company derives nearly all of its revenue in the form of rental income from leases.
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