American Assets TrustAAT +2.15%72 PS Ratio is 4.42 as of Jul. 01, 2026, which is 30% below its 10-year median of 6.33. GuruFocus rates AAT with a GF Score™ of 72/100 and a GF Value™ of $20.61 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 916 REITs companies, American Assets Trust ranks better than 73.69% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, American Assets Trust's share price is $25.22.
American Assets Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $5.71. Hence, American Assets Trust's PS Ratio for today is 4.42.
Warning Sign:
American Assets Trust Inc stock PS Ratio (=4.33) is close to 3-year high of 4.76.
The historical rank and industry rank for American Assets Trust's PS Ratio or its related term are showing as below:
AAT'
s PS Ratio Range Over the Past 10 Years
Min: 3.07 Med: 6.33 Max: 10.14
Current: 4.41
During the past 13 years, American Assets Trust's highest PS Ratio was 10.14. The lowest was 3.07. And the median was 6.33.
AAT's PS Ratio is ranked better than 73.69% of 916
companies
in the REITs industry
Industry Median: 6.675
vs AAT: 4.41
American Assets Trust Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of American Assets Trust was -4.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 0.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.60% per year.
During the past 13 years, American Assets Trust's highest 3-Year average Revenue per Share Growth Rate was 23.30% per year. The lowest was -2.70% per year. And the median was 4.70% per year.
Back to Basics: PS Ratio
American Assets Trust (NYSE:AAT) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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.
For the REIT - Diversified subindustry, American Assets Trust's PS Ratio, along with its competitors' market caps and PS 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.
American Assets Trust PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where American Assets Trust's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
American Assets Trust's Share Price of today is $25.22. American Assets Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.71.
* 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:
American Assets Trust (AAT) has a PS Ratio of 4.42 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on American Assets Trust and its competitors. This is 30% below median its historical median of 6.33. Over the past decade, American Assets Trust's PS Ratio has ranged from 3.07 to 10.14. According to the industry distribution chart, American Assets Trust ranks #241 out of 916 companies in the REITs industry, placing it in the top 26.3%.
Is American Assets Trust's PS Ratio too high?
American Assets Trust's current PS Ratio of 4.42 is 30% below median its 10-year median of 6.33. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 10.14. The REITs industry median PS Ratio is 6.68. American Assets Trust's value of 4.42 is 33.8% below this industry median. Based on the distribution chart, American Assets Trust ranks #241 out of 916 companies in the REITs industry, which is above the industry midpoint. Overall, American Assets Trust has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's PS Ratio compare to GNL and SAFE?
According to the REITs industry distribution chart, American Assets Trust ranks #241 out of 916 companies for PS Ratio. This puts American Assets Trust in the upper half of its industry. The industry median PS Ratio is 6.68. American Assets Trust's value of 4.42 is 33.8% below this benchmark. Historically, American Assets Trust's own PS Ratio has ranged from 3.07 to 10.14 over the past decade. While the company's 10-year median is 6.33 vs. the industry median of 6.68, American Assets Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.68, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current PS Ratio of 4.42 is 33.8% below 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on American Assets Trust and its competitors. For the REITs industry, the median PS Ratio is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current PS Ratio is 4.42, which is 30% below median its own 10-year median of 6.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, American Assets Trust (AAT) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.61, compared to a current price of $25.22 — trading 22.4% above its estimated fair value. The current PS Ratio is 4.42, which is 30% below median its 10-year median of 6.33 and 33.8% below the REITs industry median of 6.68. American Assets Trust's overall GF Score™ is 72/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For American Assets Trust (AAT), the current PS Ratio is 4.42 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 American Assets Trust (AAT) Overvalued in 2026?
Based on GuruFocus' analysis, American Assets Trust stock appears to be overvalued.
The current stock price of $25.22 is trading 22.4% above its estimated GF Value™ of $20.61.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
PS Ratio: 4.42 (30% below median its 10-year median of 6.33)
GF Value™: $20.61 vs. price of $25.22 (22.4% above fair value)
Industry Position: 33.8% below the REITs median (#241 of 916)
No single metric tells the full story. See the AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
72GF Score
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