Independence Realty TrustIRT -1.04%72 PS Ratio is 6.11 as of Jul. 06, 2026, which is 6% above its 10-year median of 5.78. GuruFocus rates IRT with a GF Score™ of 72/100 and a GF Value™ of $17.12 (Fairly Valued). The stock has 6 warning signs investors should review. Among 919 REITs companies, Independence Realty Trust ranks better than 56.15% 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, Independence Realty Trust's share price is $17.15.
Independence Realty Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.81. Hence, Independence Realty Trust's PS Ratio for today is 6.11.
The historical rank and industry rank for Independence Realty Trust's PS Ratio or its related term are showing as below:
IRT'
s PS Ratio Range Over the Past 10 Years
Min: 2.47 Med: 5.78 Max: 11.74
Current: 6.11
During the past 13 years, Independence Realty Trust's highest PS Ratio was 11.74. The lowest was 2.47. And the median was 5.78.
IRT's PS Ratio is ranked better than 56.15% of 919
companies
in the REITs industry
Industry Median: 6.71
vs IRT: 6.11
Independence Realty Trust Inc revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Independence Realty Trust was -0.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -0.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.40% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.80% per year.
During the past 13 years, Independence Realty Trust's highest 3-Year average Revenue per Share Growth Rate was 1452.40% per year. The lowest was -10.30% per year. And the median was 1.30% per year.
Back to Basics: PS Ratio
Independence Realty Trust (NYSE:IRT) 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.
Independence Realty Trust PS Ratio Related Terms
Independence Realty Trust PS Ratio Historical Data
* 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, Independence Realty 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.
Independence Realty Trust PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Independence Realty Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Independence Realty 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.
Independence Realty Trust's Share Price of today is $17.15. Independence Realty 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 $2.81.
* 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:
Independence Realty Trust (IRT) has a PS Ratio of 6.11 as of Jul. 06, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Independence Realty Trust and its competitors. This is near median its historical median of 5.78. Over the past decade, Independence Realty Trust's PS Ratio has ranged from 2.47 to 11.74. According to the industry distribution chart, Independence Realty Trust ranks #403 out of 919 companies in the REITs industry, placing it in the top 43.9%.
Is Independence Realty Trust's PS Ratio too high?
Independence Realty Trust's current PS Ratio of 6.11 is near median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 11.74. The REITs industry median PS Ratio is 6.71. Independence Realty Trust's value of 6.11 is 8.9% below this industry median. Based on the distribution chart, Independence Realty Trust ranks #403 out of 919 companies in the REITs industry, which is above the industry midpoint. Overall, Independence Realty Trust has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Independence Realty Trust's PS Ratio compare to MRP and JAN?
According to the REITs industry distribution chart, Independence Realty Trust ranks #403 out of 919 companies for PS Ratio. This puts Independence Realty Trust in the upper half of its industry. The industry median PS Ratio is 6.71. Independence Realty Trust's value of 6.11 is 8.9% below this benchmark. Historically, Independence Realty Trust's own PS Ratio has ranged from 2.47 to 11.74 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 6.71, Independence Realty 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 6.71, based on 919 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. Independence Realty Trust's current PS Ratio of 6.11 is 8.9% 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 Independence Realty Trust 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. Independence Realty Trust's current PS Ratio is 6.11, which is near median its own 10-year median of 5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Independence Realty Trust (IRT) is currently considered Fairly Valued. The stock's GF Value™ is $17.12, compared to a current price of $17.15 — trading 0.2% above its estimated fair value. The current PS Ratio is 6.11, which is near median its 10-year median of 5.78 and 8.9% below the REITs industry median of 6.71. Independence Realty Trust's overall GF Score™ is 72/100 with 6 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 Independence Realty Trust (IRT), the current PS Ratio is 6.11 as of Jul. 06, 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 Independence Realty Trust (IRT) Overvalued in 2026?
Based on GuruFocus' analysis, Independence Realty Trust stock appears to be overvalued.
The current stock price of $17.15 is trading 0.2% above its estimated GF Value™ of $17.12.
GuruFocus considers Independence Realty Trust to be Fairly Valued.
Key valuation signals for IRT:
PS Ratio: 6.11 (near median its 10-year median of 5.78)
GF Value™: $17.12 vs. price of $17.15 (0.2% above fair value)
Industry Position: 8.9% below the REITs median (#403 of 919)
No single metric tells the full story. See the IRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
72GF Score
Get the complete analysis for IRT
PS 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
IRT has been successfully added to your 
