# AvalonBay Communities Inc. (AVB) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $184.06, market value $26.3 billion.

## Valuation
- **P/E (trailing): 25.2×** (5-yr avg 25.0×, 3-yr avg 25.8×). AvalonBay Communities Inc. trades at 25.2× trailing earnings, close to its own five-year average of 25.0×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 36.8×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 3590.1×**. Each dollar of revenue is priced at 3590.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.9×**. Enterprise value is 11.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 4.0%**. The inverse of the P/E: 4.0% of the price is earned each year.

## Profitability
- **Return on equity: 9.1%**. 9.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.8%**. Return on all capital, debt included, is 7.8%.
- **Return on assets: 4.7%**. Each dollar of assets produces 4.7% of profit.

## Growth
- **Revenue growth (1 yr): -0.6%** (3-yr 3.6%/yr, 5-yr 13.0%/yr). Revenue fell 0.6% over the last year, against 13.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -2.6%** (3-yr -3.0%/yr, 5-yr 4.7%/yr). Earnings per share fell 2.6%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.80**. Debt is 0.80 times equity, moderate leverage.
- **Net debt / EBITDA: 3.1×**. It would take 3.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.56**. A Z-score of 2.56 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 3.87%** ($7.06 per share, trailing). AvalonBay Communities Inc. yields 3.87%, an income-level yield.
- **Payout ratio: 94%**. 94% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 1.9%/yr** (1-yr 2.9%). The dividend has grown 1.9% a year over five years.

## Analyst view
- **Analyst consensus: hold** (18 analysts). 18 analysts cover AvalonBay Communities Inc.; the consensus is hold, with an average price target of $201.28 (+9% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 1.1%** (YTD 3.6%, 3-mo 2.7%). The shares are up 1.1% over twelve months including dividends.
- **From 52-week high: -0.8%** (221.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.29** (volatility 20%). Beta of 0.29 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AVB · Page: https://foliofundamentals.com/stocks/avb

Not investment advice.