Start with its own history
At 4.16×, EQC is 90.8% 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 · EQCREIT - OfficeUpdated Nov 4, 2026
Equity Commonwealth P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
4.16×
90.8% belowthe 9-observation annual average
Share price1.58
÷Earnings per share0.38
Price and EPS in quote currency. Calculation details
Investors are paying 4.16 for every 1 of reported earnings per share.
P/E over time
2015 – 2024
Annual P/ESelected-period average 45.19×
3-year average43.15×3 positive annual observations
5-year average34.23×4 positive annual observations
10-year average45.19×9 positive annual observations
Peer median · TTM64.66×4 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2024 | 8.05× | -68.2% |
| Dec 31, 2023 | 25.26× | -73.7% |
| Dec 31, 2022 | 96.15× | N/M |
| Dec 31, 2021 | N/M | N/M |
| Dec 31, 2020 | 7.47× | -9.6% |
| Dec 31, 2019 | 8.26× | -38.6% |
| Dec 31, 2018 | 13.45× | -92.5% |
| Dec 31, 2017 | 180.00× | +877.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2016 | 18.41× | -62.9% |
| Dec 31, 2015 | 49.64× | N/M |
| Dec 31, 2014 | N/M | N/M |
| Dec 31, 2013 | N/M | N/M |
| Dec 31, 2012 | N/M | N/M |
| Dec 31, 2011 | 20.54× | +1.1% |
| Dec 31, 2010 | 20.32× | +59.9% |
| Dec 31, 2009 | 12.71× | +223.4% |
| Dec 31, 2008 | 3.93× | -85.8% |
| Dec 31, 2007 | 27.68× | +112.9% |
| Dec 31, 2006 | 13.00× | -24.6% |
| Dec 31, 2005 | 17.25× | -11.4% |
| Dec 31, 2004 | 19.47× | -3.6% |
| Dec 31, 2003 | 20.20× | +49.4% |
| Dec 31, 2002 | 13.52× | -20.3% |
| Dec 31, 2001 | 16.96× | +142.6% |
| Dec 31, 2000 | 6.99× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How EQC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 EQC This stockEquity Commonwealth | 4.16× |
 HGSHChina HGS Real Estate Inc. | N/M |
 PLYMPlymouth Industrial REIT, Inc. | N/M |
 RPTRithm Property Trust Inc. | 75.53× |
 AJXAGreat Ajax Corp. 7.25 CV SR NT 24 | 156.69× |
 AAICArlington Asset Investment Corp. | 53.78× |
 SCCFSachem Capital Corp. 7.125% Not | N/M |
 CIANCian PLC | 40.48× |
 SACCSachem Capital Corp. 6.875% Not | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does EQC’s P/E tell you?
Compare like with like
The median of the 4 positive peer ratios above is 64.66×. 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 EQC 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("EQC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 1.58 ÷ EPS 0.38 = 4.16×. 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.
EQC P/E ratio: common questions
The essentials behind the numbers.
Equity Commonwealth's current P/E is 4.16× 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.