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STOCK COMPARISON

Independence Realty Trust vs AvalonBay Communities: Fair Value & Quality

Both stocks run through our valuation models. Here is how Independence Realty Trust (IRT) and AvalonBay Communities (AVB) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees AvalonBay Communities as the less overvalued of the two: Independence Realty Trust trades at $17.26 versus a fair value of $5.91 (-66%), while AvalonBay Communities trades at $188 versus $126 (-33%).
Independence Realty Trust
IRT · USD · Real Estate
-66%
upside to fair value
overvalued
Price$17.26
Fair Value$5.91
Quality48/100
AvalonBay Communities
AVB · USD · Real Estate
-33%
upside to fair value
overvalued
Price$188
Fair Value$126
Quality66/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Independence Realty TrustAvalonBay Communities
Valuation
79.1×P/E (TTM)22.3×
5.69×P/S (TTM)8.33×
1.10×P/B2.19×
16.0×EV/EBITDA18.4×
4.57×PEG6.49×
4.3%Dividend yield3.8%
$0.68Dividend per share$7.03
Profitability
7%Net margin37%
13%Operating margin29%
1%Return on equity10%
1%Return on assets3%
Growth
2%Revenue growth (YoY)3%
1.5%Avg. growth/yr (3Y)5.4%
25.4%Avg. growth/yr (5Y)5.7%
Balance & size
0.66×Debt / equity0.74×
$4BMarket cap$25B
expensiveGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Independence Realty Trustof which business quality 49 · market factors 60 AvalonBay Communitiesof which business quality 62 · market factors 59
ProfitabilityMargins and returns on capital today
17
40
Quality GrowthAre margins and returns improving?
46
52
CashflowEarnings quality: real cash, not paper profit
80
89
Fin. StrengthBalance sheet, leverage, solvency risk
39
42
InvestmentDisciplined investing over empire-building
67
81
Low VolatilityCalm price path (market factor)
74
83
MomentumPrice trend over the last 3–12 months (market factor)
47
47
52W MomentumDistance to the 52-week high (market factor)
64
52
Net IssuanceBuybacks instead of dilution
53
81

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Independence Realty Trust

DCF Models$5.75
Multiples$4.08
Asset-Based$9.83
Growth DCF$5.55
Economic Profit$9.40

11 of 13 models see the stock below the current price.

AvalonBay Communities

DCF Models$133
Dividend Discount$123
Multiples$126
Asset-Based$54.84
Growth DCF$95.72
Economic Profit$77.36

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Independence Realty Trust
Bear $5.91Fair Value $5.91Bull $7.09
$17.26 = current price (white tick)
AvalonBay Communities
Bear $71.82Fair Value $126Bull $158
$188 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Independence Realty Trust · Real Estate

Quality score48 · below median
Fair value upside-66% · bottom 25%

AvalonBay Communities · Real Estate

Quality score66 · Top 25%
Fair value upside-33% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees AvalonBay Communities as the less overvalued of the two: Independence Realty Trust trades at $17.26 versus a fair value of $5.91 (-66%), while AvalonBay Communities trades at $188 versus $126 (-33%).

AvalonBay Communities has the higher quality score (66/100).

See the full analysis →
Independence Realty Trust · AvalonBay Communities

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.