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WELLTOWER INC. WELL

NYSE · reit · Real Estate Investment Trusts · website · IPO 1998-05-13 · LEI

WELLTOWER INC. statistics & valuation

Market cap$150.7B
P / S13.9×
P / B3.5×
Net debt$14.2B
Enterprise value USD$164.9B
Graham number -81.3%$43.91

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 ($43.91); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
362.6M 371.7M 383.7M 410.3M 417.4M 447.2M 490.5M 564.2M 635.3M 696.5M 2016201720182019202020212022202320242025
Net debt ($)
$11.12B $10.79B $11.97B $13.14B $833.0M $13.64B $14.08B $13.74B $11.99B $14.16B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.77× 0.74× 0.78× 0.81× 0.14× 0.75× 0.70× 0.60× 0.48× 0.45× 2016201720182019202020212022202320242025
EPS ($)
$2.81 $1.26 $2.02 $3.05 $2.33 $0.78 $0.30 $0.66 $1.57 $1.39 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

WELLTOWER INC. trades at about 168.7× earnings — above its 10-year norm (10-year range 23.6×–250.1×, median 86.9×).

23.6× 250.1×

Shaded band = 10-year range (23.6×–250.1×); dot = today's 168.7×.

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
Debt / equity0.45×0.48×0.60×0.70×0.75×0.14×0.81×0.78×0.74×0.77×

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