Start with its own history
At 3.78×, SPG-PJ is 83.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · SPG-PJREIT - RetailUpdated Nov 4, 2026
Simon Property Group, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
3.78×
83.1% belowthe 10-year annual average
Share price54.5
÷Earnings per share14.4
Price and EPS in quote currency. Calculation details
Investors are paying 3.78 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 22.35×
3-year average19.09×3 positive annual observations
5-year average19.73×5 positive annual observations
10-year average22.35×10 positive annual observations
Peer median · TTM8.72×4 peers with positive P/E
Historical P/E ratios
Annual period-end data · 22 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 13.09× | -44.8% |
| Dec 31, 2024 | 23.72× | +15.9% |
| Dec 31, 2023 | 20.46× | +13.6% |
| Dec 31, 2022 | 18.02× | -22.9% |
| Dec 31, 2021 | 23.36× | -1.7% |
| Dec 31, 2020 | 23.75× | +8.3% |
| Dec 31, 2019 | 21.94× | +2.9% |
| Dec 31, 2018 | 21.32× | -22.5% |
View all 22 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 27.52× | -9.1% |
| Dec 31, 2016 | 30.27× | -8.5% |
| Dec 31, 2015 | 33.07× | -17.9% |
| Dec 31, 2014 | 40.29× | +19.4% |
| Dec 31, 2013 | 33.74× | +7.1% |
| Dec 31, 2012 | 31.49× | -9.6% |
| Dec 31, 2011 | 34.83× | -21.8% |
| Dec 31, 2010 | 44.54× | -37.1% |
| Dec 31, 2009 | 70.77× | +166.4% |
| Dec 31, 2008 | 26.57× | -36.2% |
| Dec 31, 2007 | 41.66× | -3.7% |
| Dec 31, 2006 | 43.29× | +9.4% |
| Dec 31, 2005 | 39.58× | -5.6% |
| Dec 31, 2004 | 41.93× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How SPG-PJ compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 SPG-PJ This stockSimon Property Group, Inc. | 3.78× |
 MACThe Macerich Company | N/M |
 SKTTanger Inc. | 46.34× |
 CNRAFVicinity Centres | 7.97× |
 STGPFScentre Group | 9.47× |
 ALXAlexander's, Inc. | 6.72× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does SPG-PJ’s P/E tell you?
Compare like with like
The median of the 4 positive peer ratios above is 8.72×. 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 SPG-PJ 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("SPG-PJ", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 54.5 ÷ EPS 14.4 = 3.78×. 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.
SPG-PJ P/E ratio: common questions
The essentials behind the numbers.
Simon Property Group, Inc.'s current P/E is 3.78× 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.