Question 1

What is Ventas's P/E ratio?

Accepted Answer

Ventas (VTR) P/E ratio is 181.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Ventas?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Ventas specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

Is Ventas's P/E ratio high or low?

Accepted Answer

Ventas's P/E ratio of 181.6× is below its own 5-year average of 535.6× and above the sector median of 28.1×. That places the current reading at the 55th 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 Ventas's historical P/E ratio range?

Accepted Answer

In the available daily series, Ventas (VTR) P/E ratio has ranged from a low of 8.9× in 2003 to a high of 4252.3× in 2023. The 5-year average is 535.6× and the 5-year median is 170.1×.

Question 7

What was Ventas's P/E ratio in 2025?

Accepted Answer

Ventas (VTR) P/E ratio at the end of 2025 was 145.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Ventas's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$36.5B	$251M	145.0×	-160.8×	Dec 31, 2025
2024	$24.8B	$81.2M	305.9×	—	Dec 31, 2024
2023	$20.1B	-$41M	—	—	Dec 31, 2023
2022	$18B	-$47.4M	—	—	Dec 31, 2022
2021	$20.4B	$49M	416.3×	+374.5×	Dec 31, 2021
2020	$18.4B	$439M	41.8×	-7.9×	Dec 31, 2020
2019	$21.5B	$433M	49.7×	-1.3×	Dec 31, 2019
2018	$20.9B	$409M	51.0×	+35.2×	Dec 31, 2018
2017	$21.4B	$1.36B	15.8×	-18.3×	Dec 31, 2017
2016	$22.1B	$649M	34.1×	-11.2×	Dec 31, 2016
2015	$18.9B	$418M	45.3×	+2.4×	Dec 31, 2015
2014	$20.4B	$476M	43.0×	+10.5×	Dec 31, 2014
2013	$14.7B	$454M	32.5×	-13.6×	Dec 31, 2013
2012	$16.7B	$363M	46.0×	+8.9×	Dec 31, 2012
2011	$13.9B	$374M	37.2×	+7.2×	Dec 31, 2011
2010	$7.37B	$246M	30.0×	+7.5×	Dec 31, 2010
2009	$5.99B	$266M	22.5×	+3.7×	Dec 31, 2009
2008	$4.21B	$224M	18.8×	-0.7×	Dec 31, 2008
2007	$5.4B	$277M	19.5×	-10.4×	Dec 31, 2007
2006	$3.93B	$131M	29.9×	+7.6×	Dec 31, 2006
2005	$2.91B	$131M	22.3×	+5.5×	Dec 31, 2005
2004	$2.03B	$121M	16.8×	+7.1×	Dec 31, 2004
2003	$1.57B	$163M	9.7×	-2.4×	Dec 31, 2003
2002	$791M	$65.7M	12.0×	—	Dec 31, 2002


Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Agree Realty (ADC)	41.1×
Mid-America Apartment Communities (MAA)	36.5×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Prologis (PLD)	30.0×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for Ventas (VTR) 2002-2026

P/E Ratio daily chart for Ventas (VTR)

Historical P/E Ratio for Ventas (VTR) from 2002 to 2025

About P/E Ratio at Ventas (VTR)

Ventas P/E Ratio by Year

Ventas P/E Ratio 2025: 145.0×

Ventas P/E Ratio 2024: 305.9×

Ventas P/E Ratio 2021: 416.3×

Ventas P/E Ratio 2020: 41.8×

Ventas P/E Ratio 2019: 49.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Ventas (VTR) Key Financials