Stocktoria

Ventas, Inc. VTR

NYSE · reit · Real Estate Investment Trusts · website · IPO 1992-04-02 · LEI

Ventas, Inc. statistics & valuation

Market cap$40.8B
P / S7.0×
P / B3.2×
Dividend yield2.11%
Net debt$12.3B
Enterprise value USD$53.1B
Graham number -80.1%$17.94

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.94); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
348.4M 358.6M 359.3M 369.9M 376.5M 386.3M 403.5M 405.7M 437.1M 474.9M 2016201720182019202020212022202320242025
Net debt ($)
$10.84B $11.19B $10.66B $12.05B $11.48B $11.88B $12.17B $12.98B $12.62B $12.27B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
35.90% 36.30% 33.40% 33.10% 2016201720182019202020212022202320242025
Debt / equity (×)
1.06× 1.03× 1.04× 1.15× 1.16× 1.10× 1.20× 1.41× 1.25× 1.03× 2016201720182019202020212022202320242025
EPS ($)
$1.86 $3.78 $1.14 $1.17 $1.17 $0.13 -$0.12 -$0.10 $0.19 $0.54 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Ventas, Inc. trades at about 167.2× earnings — above its 10-year norm (10-year range 14.8×–407.8×, median 56.6×).

14.8× 407.8×

Shaded band = 10-year range (14.8×–407.8×); dot = today's 167.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
FCF margin——————33.1%33.4%36.3%35.9%
Debt / equity1.03×1.25×1.41×1.20×1.10×1.16×1.15×1.04×1.03×1.06×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.