Current Price
$66.28
PE Ratio (TTM)
33.2x
Intrinsic Value
$115.05
+42.4% margin of safety
COMPETITIVE MOAT
↑Premier Workplace Portfolio
BXP owns and manages high-quality, well-located office buildings in major U.S. markets. This prime real estate attracts top-tier tenants seeking premium amenities and accessibility.
↑Strong Tenant Relationships
The company cultivates long-term relationships with a diverse, creditworthy tenant base. This stability reduces churn and provides predictable rental income streams.
↑Development Expertise
BXP's proven track record in developing and redeveloping premier office spaces allows them to create modern, desirable properties. This capability drives value and attracts demand.
INVESTMENT RISKS
↓Office Demand Uncertainty
The shift towards remote and hybrid work models creates ongoing uncertainty for office space demand. This could lead to higher vacancies and pressure on rental rates.
↓Interest Rate Sensitivity
As a REIT, BXP is sensitive to rising interest rates, which can increase borrowing costs and impact property valuations. This affects profitability and future development.
↓Economic Downturn Impact
A significant economic slowdown could reduce corporate leasing activity and tenant ability to pay rent. This poses a risk to revenue and occupancy levels.
Base case
A base case PE valuation for BXP estimates a fair value of about $115.05 per share, against a current price of $66.28. The model assumes 20.0% annual earnings growth, a 33x target PE multiple, and a 10% discount rate.
Intrinsic Value
$115.05
Margin of safety
+42.4%
Expected annual return
+11.7%
Base case assumptions: 20.0% annual earnings growth, 33x target PE, 10% discount rate, 5 year projection. Data as of 2026-06-12.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for BXP, Inc. respond.
Open PE Calculator for BXPBXP, trading on the NYSE, is the leading publicly listed company engaged in the development and ownership of premier Class A office properties across the United States. Its operations are strategically concentrated in five major urban centers: Boston, Los Angeles, New York, San Francisco, and Washington, D.C. Structured as a Real Estate Investment Trust (REIT), the company operates as a comprehensive real estate entity, involved in the full spectrum of activities from developing and acquiring to managing and operating a diverse collection of primarily Class A office assets. Its current property holdings consist of 196 assets, collectively spanning 51.2 million square feet, which includes six properties actively undergoing construction or significant redevelopment.
PE Ratio (TTM)
33.2x
PEG Ratio
n/m
Earnings Yield
3.02%
ROE (TTM)
6.2%
Revenue/Share (TTM)
$21.98
Dividend Yield
4.65%
Debt/Equity
3.10x
The trailing twelve-month PE ratio of BXP reflects how much investors pay per dollar of BXP, Inc.'s earnings. This metric is most useful when compared to REIT - Office peers and the company's own historical range.
BXP's PE of 33.2x combined with a PEG ratio of -0.00 provides a growth-adjusted perspective. BXP has negative earnings, so its PE and PEG ratios are not meaningful here and cannot tell you whether the stock is over or undervalued. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical REIT - Office, a DCF analysis may be more appropriate.
To value BXP, Inc. using PE: (1) Compare the current PE (33.2x) against the REIT - Office median to assess relative pricing, (2) check the PEG ratio (-0.00) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
BXP's PEG ratio is -0.00, calculated by dividing the PE ratio (33.2x) by the expected earnings growth rate. Because BXP has negative earnings, its PEG ratio is not meaningful and should not be read as a sign of under or overvaluation. Note that PEG accuracy depends on the reliability of growth estimates.
PE ratio gives a quick relative read — how BXP is priced versus REIT - Office peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
P/E and DCF value BXP with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.