AVB

NYSE

AVALONBAY COMMUNITIES INC

Real Estate, Multi-Family Residential REITs

$187.55

close 7 Aug 2026

+1.33%

52-week change

$26.61B

market cap

$160.10

$198.63

52-week range

Expected price

$172.68 – $211.05

Current price

$187.55

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)25.69x

P/S (TTM)8.63x

P/B2.21x

EV/EBITDA (TTM)12.19x

FCF yield (TTM)5.16%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average26.88x

P/E, sector median34.68x*

Price at 5-year median P/E$191.65*

Indicated dividend yield3.80%

Forward — analyst consensus

Forward P/E (FY2026)41.45x*

Forward P/E (FY2027)38.50x

Forward PEG5.41*

Consensus EPS FY2026 (1 analysts)$4.53

EPS growth (FY2026→FY2027)7.66%

Revenue growth (FY2026)2.65%

Street view

Price target (mean)$201.33*

Target upside7.35%

Ratings (buy / hold / sell)5 / 15 / 0

FY2026 EPS revisions, 30d (up / down)0 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +4.87%10Y CAGR +2.82%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$187.55

Cash & equivalents$80.68M

Total debt$10.00B

Shares outstanding141.88M

Result

DCF price per share$147.21

Current price$187.55

Margin of safety-21.51%

PV of years 1–10$11.73B

PV of terminal value$19.07B

Equity value$20.89B

Market-implied growth+7.05%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.44B	$1.51B	$1.58B	$1.66B	$1.74B	$1.83B	$1.92B	$2.01B	$2.11B	$2.21B	$41.18B
PV	$1.33B	$1.30B	$1.26B	$1.22B	$1.19B	$1.15B	$1.12B	$1.09B	$1.05B	$1.02B	$19.07B

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026