Question 1

What is Welltower's P/E ratio?

Accepted Answer

Welltower (WELL) P/E ratio is 126.4× 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 Welltower?

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 Welltower specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

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

Accepted Answer

Welltower's P/E ratio of 126.4× is below its own 5-year average of 138.7× and above the sector median of 28.1×. That places the current reading at the 52th 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 P/E ratio range?

Accepted Answer

In the available daily series, Welltower (WELL) P/E ratio has ranged from a low of 10.5× in 2009 to a high of 392.2× in 2023. The 5-year average is 138.7× and the 5-year median is 115.5×.

Question 7

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

Accepted Answer

Welltower (WELL) P/E ratio at the end of 2025 was 136.6×. 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 Welltower'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	$128B	$937M	136.6×	+53.8×	Dec 31, 2025
2024	$78.9B	$952M	82.9×	-62.7×	Dec 31, 2024
2023	$49.5B	$340M	145.5×	-78.8×	Dec 31, 2023
2022	$31.7B	$141M	224.3×	+112.9×	Dec 31, 2022
2021	$37.5B	$336M	111.5×	+83.9×	Dec 31, 2021
2020	$27B	$979M	27.5×	+0.6×	Dec 31, 2020
2019	$33.2B	$1.23B	26.9×	-5.7×	Dec 31, 2019
2018	$26.3B	$805M	32.6×	-12.6×	Dec 31, 2018
2017	$23.6B	$523M	45.2×	+22.7×	Dec 31, 2017
2016	$24.2B	$1.08B	22.5×	-4.8×	Dec 31, 2016
2015	$24.2B	$884M	27.3×	-22.4×	Dec 31, 2015
2014	$25.5B	$512M	49.8×	-56.7×	Dec 31, 2014
2013	$15.4B	$145M	106.4×	+53.0×	Dec 31, 2013
2012	$15.9B	$297M	53.5×	+3.4×	Dec 31, 2012
2011	$10.9B	$218M	50.0×	-10.1×	Dec 31, 2011
2010	$7.38B	$123M	60.1×	+32.0×	Dec 31, 2010
2009	$5.44B	$193M	28.1×	+12.1×	Dec 31, 2009
2008	$4.57B	$285M	16.1×	-11.2×	Dec 31, 2008
2007	$3.85B	$141M	27.2×	-3.4×	Dec 31, 2007
2006	$3.15B	$103M	30.7×	+7.3×	Dec 31, 2006
2005	$1.97B	$84.3M	23.4×	-0.3×	Dec 31, 2005
2004	$2.02B	$85.4M	23.7×	+1.7×	Dec 31, 2004
2003	$1.82B	$82.7M	22.0×	+6.0×	Dec 31, 2003
2002	$1.08B	$67.7M	16.0×	—	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 Welltower (WELL) 2002-2026

P/E Ratio daily chart for Welltower (WELL)

Historical P/E Ratio for Welltower (WELL) from 2002 to 2025

About P/E Ratio at Welltower (WELL)

Welltower P/E Ratio by Year

Welltower P/E Ratio 2025: 136.6×

Welltower P/E Ratio 2024: 82.9×

Welltower P/E Ratio 2023: 145.5×

Welltower P/E Ratio 2022: 224.3×

Welltower P/E Ratio 2021: 111.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Welltower (WELL) Key Financials