Independence Realty Trust (FRA:5O2) Shiller PE Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:5O2 Independence Realty Trust Inc FRA:5O2
72 GF Score
Price €13.80
GF Value €14.36
! 6 Warning Signs
View Full Analysis

What is Independence Realty Trust Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Independence Realty Trust  (FRA:5O2) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Independence Realty Trust Shiller PE Ratio Related Terms


Independence Realty Trust Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Independence Realty Trust's Shiller 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.

Independence Realty Trust Shiller PE Ratio Chart

Independence Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.01 41.61 39.00 0.00 52.87

Independence Realty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.82 41.82 49.72 52.87 0.00

FRA:5O2 vs MRP, JAN, UMH: Shiller PE Ratio Comparison

For the REIT - Residential subindustry, Independence Realty Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.


Independence Realty Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Independence Realty Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Independence Realty Trust's Shiller PE Ratio falls into.


FRA:5O2
72GF Score
Independence Realty Trust Inc FRA:5O2
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Independence Realty Trust Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Independence Realty Trust's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Independence Realty Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

Independence Realty Trust Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 0.543 241.018 0.744
201609 0.045 241.428 0.062
201612 -0.578 241.432 -0.791
201703 0.056 243.801 0.076
201706 0.240 244.955 0.324
201709 0.017 246.819 0.023
201712 0.068 246.524 0.091
201803 0.032 249.554 0.042
201806 0.034 251.989 0.045
201809 0.043 252.439 0.056
201812 0.141 251.233 0.185
201903 0.027 254.202 0.035
201906 0.142 256.143 0.183
201909 0.045 256.759 0.058
201912 0.234 256.974 0.301
202003 -0.004 258.115 -0.005
202006 0.009 257.797 0.012
202009 0.008 260.280 0.010
202012 0.115 260.474 0.146
202103 0.008 264.877 0.010
202106 0.025 271.696 0.030
202109 0.094 274.310 0.113
202112 0.204 278.802 0.242
202203 0.309 287.504 0.355
202206 -0.028 296.311 -0.031
202209 0.071 296.808 0.079
202212 0.142 296.797 0.158
202303 0.037 301.836 0.040
202306 0.046 305.109 0.050
202309 0.019 307.789 0.020
202312 -0.165 306.746 -0.178
202403 0.074 312.332 0.078
202406 0.046 314.175 0.048
202409 0.045 315.301 0.047
202412 0.000 315.605 0.000
202503 0.037 319.799 0.038
202506 0.026 322.561 0.027
202509 0.026 324.800 0.026
202512 0.120 324.054 0.122
202603 0.000 330.213 0.000

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Independence Realty Trust (FRA:5O2) Overvalued in 2026?

Based on GuruFocus' analysis, Independence Realty Trust stock appears to be undervalued. The current stock price of €13.80 is trading 3.9% below its estimated GF Value™ of €14.36.

Key valuation signals for FRA:5O2:

  • Shiller PE Ratio:
  • GF Value™: €14.36 vs. price of €13.80 (3.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the FRA:5O2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Independence Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges IRT:USA
Address 1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103
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 FRA:5O2

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.80
Price
€14.36
GF Value