AvalonBay CommunitiesAVB +2.14%84 PS Ratio is 8.83 as of Jun. 28, 2026, which is 19% below its 10-year median of 10.84. GuruFocus rates AVB with a GF Score™ of 84/100 and a GF Value™ of $207.83 (Fairly Valued). The stock has 5 warning signs investors should review. Among 921 REITs companies, AvalonBay Communities ranks worse than 70.03% 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, AvalonBay Communities's share price is $190.12.
AvalonBay Communities's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $21.53. Hence, AvalonBay Communities's PS Ratio for today is 8.83.
The historical rank and industry rank for AvalonBay Communities's PS Ratio or its related term are showing as below:
AVB'
s PS Ratio Range Over the Past 10 Years
Min: 7.55 Med: 10.84 Max: 15.38
Current: 8.83
During the past 13 years, AvalonBay Communities's highest PS Ratio was 15.38. The lowest was 7.55. And the median was 10.84.
AVB's PS Ratio is ranked worse than 70.03% of 921
companies
in the REITs industry
Industry Median: 6.71
vs AVB: 8.83
AvalonBay Communities Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of AvalonBay Communities was 4.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 4.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 4.00% per year.
During the past 13 years, AvalonBay Communities's highest 3-Year average Revenue per Share Growth Rate was 31.40% per year. The lowest was -1.90% per year. And the median was 4.70% per year.
Back to Basics: PS Ratio
AvalonBay Communities (NYSE:AVB) 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 - Residential subindustry, AvalonBay Communities'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.
AvalonBay Communities PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, AvalonBay Communities's PS Ratio distribution charts can be found below:
* The bar in red indicates where AvalonBay Communities'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.
AvalonBay Communities's Share Price of today is $190.12. AvalonBay Communities'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 $21.53.
* 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:
AvalonBay Communities (AVB) has a PS Ratio of 8.83 as of Jun. 28, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on AvalonBay Communities and its competitors. This is 19% below median its historical median of 10.84. Over the past decade, AvalonBay Communities' PS Ratio has ranged from 7.55 to 15.38. According to the industry distribution chart, AvalonBay Communities ranks #645 out of 921 companies in the REITs industry, placing it in the top 70%.
Is AvalonBay Communities' PS Ratio too high?
AvalonBay Communities' current PS Ratio of 8.83 is 19% below median its 10-year median of 10.84. Over the past 10 years, this metric has ranged from a low of 7.55 to a high of 15.38. The REITs industry median PS Ratio is 6.71. AvalonBay Communities' value of 8.83 is 31.6% above this industry median. Based on the distribution chart, AvalonBay Communities ranks #645 out of 921 companies in the REITs industry, which is below the industry midpoint. Overall, AvalonBay Communities has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AvalonBay Communities' PS Ratio compare to EQR and ESS?
According to the REITs industry distribution chart, AvalonBay Communities ranks #645 out of 921 companies for PS Ratio. This places AvalonBay Communities in the lower half of its industry. The industry median PS Ratio is 6.71. AvalonBay Communities' value of 8.83 is 31.6% above this benchmark. Historically, AvalonBay Communities' own PS Ratio has ranged from 7.55 to 15.38 over the past decade. While the company's 10-year median is 10.84 vs. the industry median of 6.71, AvalonBay Communities has consistently been above 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 6.71, based on 921 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. AvalonBay Communities's current PS Ratio of 8.83 is 31.6% 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 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 AvalonBay Communities and its competitors. For the REITs industry, the median PS Ratio is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AvalonBay Communities's current PS Ratio is 8.83, which is 19% below median its own 10-year median of 10.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AvalonBay Communities stock overvalued right now?
Based on GuruFocus' analysis, AvalonBay Communities (AVB) is currently considered Fairly Valued. The stock's GF Value™ is $207.83, compared to a current price of $190.12 — trading 8.5% below its estimated fair value. The current PS Ratio is 8.83, which is 19% below median its 10-year median of 10.84 and 31.6% above the REITs industry median of 6.71. AvalonBay Communities' overall GF Score™ is 84/100 with 5 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 AvalonBay Communities (AVB), the current PS Ratio is 8.83 as of Jun. 28, 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 AvalonBay Communities (AVB) Overvalued in 2026?
Based on GuruFocus' analysis, AvalonBay Communities stock appears to be undervalued.
The current stock price of $190.12 is trading 8.5% below its estimated GF Value™ of $207.83.
GuruFocus considers AvalonBay Communities to be Fairly Valued.
Key valuation signals for AVB:
PS Ratio: 8.83 (19% below median its 10-year median of 10.84)
GF Value™: $207.83 vs. price of $190.12 (8.5% below fair value)
Industry Position: 31.6% above the REITs median (#645 of 921)
No single metric tells the full story. See the AVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AvalonBay Communities owns a portfolio of 296 apartment communities with more than 90,000 units and is developing 24 additional properties with approximately 8,600 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington, D.C., California, and the Pacific Northwest.
84GF Score
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