AvalonBay Communities (AVB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AvalonBay Communities

NYSE•Real Estate•REIT - Residential

$184.060.00(0.00%)Pre-market

Market Cap

$9.58B

P/E

9.3x

P/S

3.1x

P/B

0.8x

AvalonBay Communities, Inc., a member of S&P 500, is an equity REIT. The firm develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in Boston, Massachusetts, the New York/New Jersey Metro area, the Mid-Atlantic, Seattle, Washington, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of June 30, 2026, the Company owned or held a direct or indirect ownership interest in 322 apartment communities containing 99,072 apartment homes in 11 states and the District of Columbia, of which 27 communities were under development and one community was under redevelopment. AvalonBay Communities, Inc. was incorporated in 1978 in Maryland and is based in Arlington, Virginia.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Cash & Earnings Quality (18/25); weakest: Growth (13/25).

Profitability15/25

Growth13/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality18/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowConsistent growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.3x5y range 7.8x – 11.8x

Currently near its 20-quarter median.

P/S · 3.1x5y range 3.1x – 4.3x

Currently near its 20-quarter median.

P/B · 0.8x5y range 0.8x – 0.9x

Currently near its 20-quarter median.

Price & Volume

Market Cap $9.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.08B
Q. Revenue: $777.77M
TTM EBITDA: $2.04B
TTM Op. Income: $2.04B
Q. Op. Income: $529.24M
TTM Net Income: $1.04B
Q. Net Income: $156.89M
EPS: $1.11
Shares Out.: $140.56M

$3.08B in TTM revenue grew 3.4% YoY, reaching $777.77M last quarter. TTM EBITDA of $2.04B and TTM operating income of $2.04B show growth is flowing through to the bottom line. TTM net income of $1.04B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 68.0%
Op. Margin: 68.0%
Net Margin: 20.2%

Op. margin of 68.0% is up 0.5% YoY — cost efficiency is improving. Net margin at 20.2% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.3x
P/S Ratio: 3.1x
P/B Ratio: 0.8x

At 9.3x P/E, the stock trades below typical market levels. P/S of 3.1x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 10% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $22.30B
Cash: $80.68M
Long-Term Debt: $9.02B
Book Value: $12.02B
D/E Ratio: 0.8
Debt/EBITDA: 17.1

With $22.30B in assets and $9.02B in long-term debt, D/E is 0.8and book value is $12.02B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 4% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $364.14M
TTM Free Cash Flow: $1.37B
FCF Margin: 44.6%
FCF / Net Income: 1.3

TTM FCF of $1.37B on $364.14M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.