Start with its own history
At 19.44×, DRE is 25.2% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · DREREIT - IndustrialUpdated Nov 4, 2026
Duke Realty Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
19.44×
25.2% belowthe 9-observation annual average
Share price48.2
÷Earnings per share2.48
Price and EPS in quote currency. Calculation details
Investors are paying 19.44 for every 1 of reported earnings per share.
P/E over time
2012 – 2021
Annual P/ESelected-period average 25.99×
3-year average36.26×3 positive annual observations
5-year average27.83×5 positive annual observations
10-year average25.99×9 positive annual observations
Peer median · TTM29.16×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2021 | 29.17× | -41.6% |
| Dec 31, 2020 | 49.96× | +68.6% |
| Dec 31, 2019 | 29.63× | +21.3% |
| Dec 31, 2018 | 24.43× | +312.2% |
| Dec 31, 2017 | 5.93× | -80.1% |
| Dec 31, 2016 | 29.84× | +152.7% |
| Dec 31, 2015 | 11.81× | -57.3% |
| Dec 31, 2014 | 27.67× | +8.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2013 | 25.49× | N/M |
| Dec 31, 2012 | N/M | N/M |
| Dec 31, 2011 | 36.52× | -17.9% |
| Dec 31, 2010 | 44.50× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 14.05× | +8.3% |
| Dec 31, 2007 | 12.98× | -52.1% |
| Dec 31, 2006 | 27.09× | +103.6% |
| Dec 31, 2005 | 13.31× | -48.2% |
| Dec 31, 2004 | 25.67× | +21.7% |
| Dec 31, 2003 | 21.09× | +15.8% |
| Dec 31, 2002 | 18.21× | +41.6% |
| Dec 31, 2001 | 12.86× | -5.0% |
| Dec 31, 2000 | 13.55× | -15.9% |
| Dec 31, 1999 | 16.11× | -21.3% |
| Dec 31, 1998 | 20.47× | -13.9% |
| Dec 31, 1997 | 23.76× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DRE compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DRE This stockDuke Realty Corporation | 19.44× |
 LSILife Storage, Inc. | 43.21× |
 DOCHealthpeak Properties, Inc. | 37.35× |
 AJXAGreat Ajax Corp. 7.25 CV SR NT 24 | 156.69× |
 HTAHealthcare Trust of America, Inc. | 926.67× |
 SRCSpirit Realty Capital, Inc. | 20.97× |
 AIRCApartment Income REIT Corp. | 9.11× |
 PSBPS Business Parks, Inc. | 9.45× |
 RITMRithm Capital Corp. | 14.84× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DRE’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 29.16×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take DRE into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("DRE", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 48.2 ÷ EPS 2.48 = 19.44×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
DRE P/E ratio: common questions
The essentials behind the numbers.
Duke Realty Corporation's current P/E is 19.44× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.