Apartment Investment and Management Co (AIV) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Apartment Investment and Management Co stock $4.23, price $1.55, upside +172.9%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 5 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $1.55 – $3.41 · fair‑value band $4.08 – $5.29 · the $1.55 price screens below the $4.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Apartment Investment and Management Company is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector.
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Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.
Aimco is traded on the New York Stock Exchange as AIV. Apartment Investment and Management Company was incorporated in 1975 in Maryland, USA.
Stock analysis
Apartment Investment and Management Co (AIV) currently trades at $1.55, while our model-based Fair Value estimate is $4.23, implying the stock looks roughly 63% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $6.47 per share, and 4 of the 5 models we run sit above the $1.55 price.
Bear case: the Asset-Based group reads lowest at $1.61, and 1 of the 5 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $4.08 (bear) to $5.29 (bull), the price of $1.55 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Apartment Investment and Management Co reported revenue of $138M in FY2025 versus $170M in FY2021, a compound −5.0%/yr. Reported net income was $547M in FY2025.
Key figures
Market cap $236M Micro · P/E ratio 8.6 · P/S ratio 33.9 · EPS (TTM) $0.1900 · Return on equity 9.7% · Return on assets (EBIT) −1.1% (5-year average) · Operating margin −84.6% · Revenue (TTM) $138M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −13% fair-value upside, at 173%, AIV screens cheaper than that median.
Fair Value models
Bear$4.08Fair Value $4.23Bull$5.29
Price $1.55 · Upside +172.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.1629 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+97.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+97.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → −21%
⚠ Revenue per share shrinking 15.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Apartment Investment and Management Co with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Residential · 41 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+172.9% · Top 25%
Profitability
Return on equity (12 months)9.7% · Above median
Return on assets32.6% · Top 25%
Operating margin (12 months)−84.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.9% · Bottom 25%
Balance sheet
Debt / equity2.04× · Highest 25%
Valuation Multiplesvs REIT - Residential median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Apartment Investment and Management Co Fair Value". https://www.fairvalue-calculator.com/stock/AIV
Frequently asked questions
Is Apartment Investment and Management Co (AIV) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $4.23 versus a price of $1.55, about +173% upside (undervalued).
What is the fair value of AIV?
Our model-based fair value for Apartment Investment and Management Co is $4.23 (as of Nov 5, 2026), built from audited fundamentals. The current price: $1.55.
What is the quality score of AIV?
Apartment Investment and Management Co has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Apartment Investment and Management Co (AIV)?
Our model-based price target is the fair value of $4.23 (as of Nov 5, 2026) from 5 valuation models. Cautious scenario $4.08, optimistic scenario $5.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Apartment Investment and Management Co stock forecast for 2026?
Our models put fair value at $4.23, about +173% upside versus a price of $1.55 (undervalued). Cautious scenario $4.08, optimistic scenario $5.29. The calculation is refreshed regularly with new filings.
What is the revenue of Apartment Investment and Management Co (AIV)?
Apartment Investment and Management Co reported trailing-twelve-month revenue of about $138M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Apartment Investment and Management Co (AIV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apartment Investment and Management Co it is $4.23 per share (as of Nov 5, 2026), against a price of $1.55. It is the blended result of 5 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Apartment Investment and Management Co stock overvalued or undervalued in 2026?
As of Nov 5, 2026, AIV trades below its calculated fair value: price $1.55, fair value $4.23, a gap of about +173% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AIV?
No. The price is what the market pays today ($1.55); the fair value is what the company's own numbers justify ($4.23). For Apartment Investment and Management Co the two are $2.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Apartment Investment and Management Co worth?
The market values Apartment Investment and Management Co at about $236M (market capitalisation, as of Nov 5, 2026). Per share that is $1.55; our models calculate a fair value of $4.23 per share.
What do the bullish and bearish scenarios say about AIV?
Our models span a range for Apartment Investment and Management Co: cautious scenario $4.08, base $4.23, optimistic $5.29 per share (as of Nov 5, 2026, price $1.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AIV?
Apartment Investment and Management Co trades at a price-to-earnings ratio of 8.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.23 is built from several models across several years. Other multiples: P/B 0.7, P/S 1.7, EV/EBITDA 43.9.
How solid is the balance sheet of Apartment Investment and Management Co (AIV)?
Balance-sheet figures for Apartment Investment and Management Co (as of Nov 5, 2026): return on equity 9.7%, debt of 2.04 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is AIV from its 52-week high?
Apartment Investment and Management Co trades at $1.55, about 51% below its 52-week high of $3.13 and at the low of $1.55 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.23 is for.
Which stocks are comparable to Apartment Investment and Management Co?
From the same area (Real Estate) we also value Essex Property Trust, Inc, Invitation Homes, Sun Communities, Inc, Mid-America Apartment Communities, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Apartment Investment and Management Co stock attractive at the current price?
The data as of Nov 5, 2026: price $1.55, calculated fair value $4.23 (+173%), Quality Score 51/100, from 5 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AIV calculated?
We run Apartment Investment and Management Co through 5 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $4.23 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Apartment Investment and Management Co currently trades 63% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Apartment Investment and Management Co (AIV)?
The closing price on Nov 6, 2026 was $1.55. Our model-based fair value is $4.23, about +173% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apartment Investment and Management Co right now?
The price is below even our cautious bear case ($4.08). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Apartment Investment and Management Co
How large is the market capitalisation of Apartment Investment and Management Co (AIV)?
The market capitalisation of Apartment Investment and Management Co is $236M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Apartment Investment and Management Co (AIV)?
The price-to-sales ratio of Apartment Investment and Management Co is 33.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apartment Investment and Management Co (AIV)?
Earnings per share at Apartment Investment and Management Co are $0.1900 (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Apartment Investment and Management Co (AIV)?
The return on equity (ROE) of Apartment Investment and Management Co is 9.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Apartment Investment and Management Co (AIV)?
On an EBIT basis the return on assets of Apartment Investment and Management Co is −1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Apartment Investment and Management Co (AIV)?
The operating margin of Apartment Investment and Management Co is −84.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apartment Investment and Management Co (AIV)?
Revenue at Apartment Investment and Management Co is growing −3.9% versus a year earlier (3y avg +7.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Apartment Investment and Management Co (AIV)?
Earnings per share at Apartment Investment and Management Co are growing −63.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Apartment Investment and Management Co (AIV) generate?
The free cash flow of Apartment Investment and Management Co is −$91.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Apartment Investment and Management Co (AIV) carry?
The net debt of Apartment Investment and Management Co is $476M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026