Question 1

What is Welltower's EV/EBITDA ratio?

Accepted Answer

Welltower (WELL) EV/EBITDA ratio is 62.8× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. 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 EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Welltower?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Welltower specifically, the relevant sector benchmark is the current sector median of 15.8×.

Question 5

Is Welltower's EV/EBITDA ratio high or low?

Accepted Answer

Welltower's EV/EBITDA ratio of 62.8× is above its own 5-year average of 32.6× and above the sector median of 15.8×. That places the current reading at the 94th 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 Welltower's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Welltower (WELL) EV/EBITDA ratio has ranged from a low of 9.0× in 2001 to a high of 73.3× in 2026. The 5-year average is 32.6× and the 5-year median is 30.8×.

Question 7

What was Welltower's EV/EBITDA ratio in 2025?

Accepted Answer

Welltower (WELL) EV/EBITDA ratio at the end of 2025 was 62.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Welltower's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). 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	$127.99B	$2.31B	62.5×	+29.3×	Dec 31, 2025
2024	$78.85B	$2.78B	33.2×	+6.7×	Dec 31, 2024
2023	$49.49B	$2.40B	26.5×	+3.9×	Dec 31, 2023
2022	$31.68B	$2.04B	22.6×	-7.7×	Dec 31, 2022
2021	$37.47B	$1.71B	30.3×	+4.4×	Dec 31, 2021
2020	$26.95B	$1.53B	25.9×	+3.3×	Dec 31, 2020
2019	$33.20B	$2.14B	22.6×	+2.1×	Dec 31, 2019
2018	$26.25B	$1.92B	20.5×	+0.1×	Dec 31, 2018
2017	$23.63B	$1.72B	20.4×	+3.5×	Dec 31, 2017
2016	$24.23B	$2.14B	16.9×	-1.8×	Dec 31, 2016
2015	$24.16B	$1.96B	18.7×	-2.1×	Dec 31, 2015
2014	$25.48B	$1.72B	20.8×	+2.8×	Dec 31, 2014
2013	$15.44B	$1.44B	18.0×	-3.7×	Dec 31, 2013
2012	$15.89B	$1.08B	21.7×	+1.6×	Dec 31, 2012
2011	$10.89B	$893.28M	20.1×	-6.4×	Dec 31, 2011
2010	$7.38B	$442.15M	26.5×	+8.9×	Dec 31, 2010
2009	$5.44B	$443.55M	17.6×	+1.4×	Dec 31, 2009
2008	$4.57B	$455.80M	16.2×	+0.1×	Dec 31, 2008
2007	$3.85B	$405.05M	16.1×	-2.0×	Dec 31, 2007
2006	$3.15B	$293.58M	18.1×	+5.2×	Dec 31, 2006
2005	$1.97B	$266.00M	12.9×	+1.3×	Dec 31, 2005
2004	$2.02B	$286.74M	11.6×	-2.7×	Dec 31, 2004
2003	$1.82B	$188.42M	14.4×	+2.3×	Dec 31, 2003
2002	$1.08B	$153.35M	12.1×	+3.1×	Dec 31, 2002
2001	$802.24M	$143.56M	9.0×	—	Dec 31, 2001


Regency Centers (REG)	17.7×
CBRE Group (CBRE)	17.2×
Invitation Homes (INVH)	16.1×
AvalonBay Communities (AVB)	16.1×
SBA Communications (SBAC)	16.0×
Mid-America Apartment Communities (MAA)	15.9×
Tanger (SKT)	15.7×
Essex Property Trust (ESS)	15.5×
Kimco Realty (KIM)	15.1×
UDR (UDR)	15.0×
STAG Industrial (STAG)	14.8×
NNN REIT (NNN)	14.7×
Universal Health Realty Income Trust (UHT)	14.7×
Arbor Realty Trust (ABR)	14.1×
Equity Residential (EQR)	13.1×
Extra Space Storage (EXR)	13.0×
Federal Realty Investment Trust (FRT)	12.8×
Medical Properties Trust (MPT)	12.8×
BXP (BXP)	12.6×
Camden Property Trust (CPT)	12.4×
Healthpeak Properties (DOC)	11.7×
VICI Properties (VICI)	11.6×
Simon Property Group (SPG)	11.5×
Apartment Investment and Management (AIV)	8.8×
Host Hotels & Resorts (HST)	8.1×

EV/EBITDA for Welltower (WELL)

EV/EBITDA daily chart for Welltower (WELL)

Historical EV/EBITDA for Welltower (WELL) from 2001 to 2025

About EV/EBITDA at Welltower (WELL)

Welltower EV/EBITDA by Year

Welltower EV/EBITDA 2025: 62.5×

Welltower EV/EBITDA 2024: 33.2×

Welltower EV/EBITDA 2023: 26.5×

Welltower EV/EBITDA 2022: 22.6×

Welltower EV/EBITDA 2021: 30.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Welltower (WELL) Key Financials

EV/EBITDA daily chart for Welltower (WELL)

Historical EV/EBITDA for Welltower (WELL) from 2001 to 2025

About EV/EBITDA at Welltower (WELL)

Welltower EV/EBITDA by Year

Welltower EV/EBITDA 2025: 62.5×

Welltower EV/EBITDA 2024: 33.2×

Welltower EV/EBITDA 2023: 26.5×

Welltower EV/EBITDA 2022: 22.6×

Welltower EV/EBITDA 2021: 30.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Welltower's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Welltower?

+Is Welltower's EV/EBITDA ratio high or low?

+What is Welltower's historical EV/EBITDA ratio range?

+What was Welltower's EV/EBITDA ratio in 2025?

+Why does Welltower's EV/EBITDA ratio change over time?

Welltower (WELL) Key Financials