Question 1

What is Host Hotels & Resorts's P/FCF ratio?

Accepted Answer

Host Hotels & Resorts (HST) P/FCF ratio is 16.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Host Hotels & Resorts?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Host Hotels & Resorts specifically, the relevant sector benchmark is the current sector median of 17.0×.

Question 5

Is Host Hotels & Resorts's P/FCF ratio high or low?

Accepted Answer

Host Hotels & Resorts's P/FCF ratio of 16.3× is below its own 5-year average of 19.1× and below the sector median of 17.0×. That places the current reading at the 70th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Host Hotels & Resorts's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Host Hotels & Resorts (HST) P/FCF ratio has ranged from a low of 4.9× in 2003 to a high of 489.9× in 2012. The 5-year average is 19.1× and the 5-year median is 13.5×.

Question 7

What was Host Hotels & Resorts's P/FCF ratio in 2025?

Accepted Answer

Host Hotels & Resorts (HST) P/FCF ratio at the end of 2025 was 14.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Host Hotels & Resorts's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$12.28B	$862.00M	14.2×	+1.3×	Dec 31, 2025
2024	$12.25B	$944.00M	13.0×	-4.3×	Dec 31, 2024
2023	$13.72B	$795.00M	17.3×	+4.7×	Dec 31, 2023
2022	$11.48B	$912.00M	12.6×	—	Dec 31, 2022
2021	$12.42B	−$135.00M	—	—	Dec 31, 2021
2020	$10.32B	−$806.00M	—	—	Dec 31, 2020
2019	$13.29B	$692.00M	19.2×	+4.3×	Dec 31, 2019
2018	$12.34B	$826.00M	14.9×	-0.5×	Dec 31, 2018
2017	$14.67B	$953.00M	15.4×	-3.1×	Dec 31, 2017
2016	$13.90B	$753.00M	18.5×	-4.7×	Dec 31, 2016
2015	$11.55B	$499.00M	23.2×	-2.0×	Dec 31, 2015
2014	$17.96B	$714.00M	25.2×	-1.0×	Dec 31, 2014
2013	$14.67B	$560.00M	26.2×	-52.6×	Dec 31, 2013
2012	$11.34B	$144.00M	78.8×	-8.5×	Dec 31, 2012
2011	$10.38B	$119.00M	87.3×	+25.6×	Dec 31, 2011
2010	$11.96B	$194.00M	61.7×	+26.5×	Dec 31, 2010
2009	$7.46B	$212.00M	35.2×	+23.7×	Dec 31, 2009
2008	$3.98B	$348.00M	11.4×	+3.6×	Dec 31, 2008
2007	$9.10B	$1.16B	7.8×	-32.3×	Dec 31, 2007
2006	$13.13B	$327.00M	40.2×	-3.0×	Dec 31, 2006
2005	$7.03B	$163.00M	43.1×	-13.4×	Dec 31, 2005
2004	$6.22B	$110.00M	56.6×	+33.1×	Dec 31, 2004
2003	$4.04B	$172.00M	23.5×	+17.3×	Dec 31, 2003
2002	$2.39B	$389.00M	6.1×	—	Dec 31, 2002
2001	$2.42B	−$334.00M	—	—	Dec 31, 2001


Kimco Realty (KIM)	19.3×
Simon Property Group (SPG)	18.5×
SBA Communications (SBAC)	17.9×
BXP (BXP)	17.7×
Equity Residential (EQR)	17.6×
Federal Realty Investment Trust (FRT)	17.3×
STAG Industrial (STAG)	17.2×
Tanger (SKT)	17.0×
Essex Property Trust (ESS)	16.2×
Extra Space Storage (EXR)	15.8×
Public Storage (PSA)	15.5×
AvalonBay Communities (AVB)	15.2×
Camden Property Trust (CPT)	14.3×
Realty Income (O)	13.6×
Invitation Homes (INVH)	13.3×
Crown Castle (CCI)	13.0×
Medical Properties Trust (MPT)	12.8×
UDR (UDR)	12.4×
NNN REIT (NNN)	12.2×
VICI Properties (VICI)	11.4×
Universal Health Realty Income Trust (UHT)	11.3×
Healthpeak Properties (DOC)	9.7×
Arbor Realty Trust (ABR)	7.6×
Alexandria Real Estate Equities (ARE)	6.2×
Opendoor Technologies (OPEN)	4.2×

P/FCF Ratio for Host Hotels & Resorts (HST)

P/FCF Ratio daily chart for Host Hotels & Resorts (HST)

Historical P/FCF Ratio for Host Hotels & Resorts (HST) from 2001 to 2025

About P/FCF Ratio at Host Hotels & Resorts (HST)

Host Hotels & Resorts P/FCF Ratio by Year

Host Hotels & Resorts P/FCF Ratio 2025: 14.2×

Host Hotels & Resorts P/FCF Ratio 2024: 13.0×

Host Hotels & Resorts P/FCF Ratio 2023: 17.3×

Host Hotels & Resorts P/FCF Ratio 2022: 12.6×

Host Hotels & Resorts P/FCF Ratio 2019: 19.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Host Hotels & Resorts (HST) Key Financials

P/FCF Ratio daily chart for Host Hotels & Resorts (HST)

Historical P/FCF Ratio for Host Hotels & Resorts (HST) from 2001 to 2025

About P/FCF Ratio at Host Hotels & Resorts (HST)

Host Hotels & Resorts P/FCF Ratio by Year

Host Hotels & Resorts P/FCF Ratio 2025: 14.2×

Host Hotels & Resorts P/FCF Ratio 2024: 13.0×

Host Hotels & Resorts P/FCF Ratio 2023: 17.3×

Host Hotels & Resorts P/FCF Ratio 2022: 12.6×

Host Hotels & Resorts P/FCF Ratio 2019: 19.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Host Hotels & Resorts's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Host Hotels & Resorts?

+Is Host Hotels & Resorts's P/FCF ratio high or low?

+What is Host Hotels & Resorts's historical P/FCF ratio range?

+What was Host Hotels & Resorts's P/FCF ratio in 2025?

+Why does Host Hotels & Resorts's P/FCF ratio change over time?

Host Hotels & Resorts (HST) Key Financials