Ventas, Inc. (VTR)

NYSE: VTR · USD

$80.8

-2.57 (-3.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: VTR rated Sell

Ventas, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$37.5 / share

Potential value

$54.4 / share

Upside to FV

-55.4%

from $80.8

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$43.1B
Revenue (ttm)	6.8B
Net income (ttm)	262.1M
EPS (ttm)	$0.52
Shares out	532.3M
P/E (trailing)	155.5x
P/E (forward)	128.2x
Dividend	$2.08 (2.59%)
Volume	5,342,337
Beta	0.74

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 6.8B
Net income (ttm): 262.1M
EPS (ttm): $0.52
P/E (trailing): 155.5x
P/E (forward): 128.2x
Market cap: $43.1B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$3.83B	$4.13B	$4.50B	$4.92B	$5.83B	+11.1%
Gross profit	$1.74B	$1.85B	$1.94B	$2.10B	$-344.2M	—
Operating income	$501.5M	$409.7M	$534.3M	$653.4M	$859.6M	+14.4%
Net income	$49.0M	$-47.4M	$-41.0M	$81.2M	$251.4M	+50.5%
EPS (diluted)	$0.13	$-0.12	$-0.10	$0.19	$0.54	+42.8%
EBITDA	$1.72B	$1.62B	$1.95B	$1.94B	$2.24B	+6.9%
R&D	$0	$0	$0	—	—	+0.0%
SG&A	$129.8M	$144.9M	$148.9M	$163.0M	$177.4M	+8.1%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	Giảm
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	Giữ
CCI	Crown Castle Inc.	37.4B	46.3x	9.1x	5.1%	-7.9%	-6.2%	Bán
CPT	Camden Property Trust	10.3B	32.3x	6.6x	3.2%	+7.7%	-0.6%	Mua
DLR	Digital Realty Trust, Inc.	68B	86.6x	10.0x	2.4%	+9.3%	+3.7%	Bán
DOC	Healthpeak Properties, Inc.	13B	53.8x	4.4x	2.5%	+10.5%	+3.0%	Mua mạnh

Base and Bull scenarios

Base60%

Price target

$37.49

-55.4% from spot

Under the base case, occupancy recovery proceeds steadily across the senior living portfolio, supporting projected revenue growth through FY2027. Consolidated operating margins expand moderately from FY2025 levels through FY2030 as fixed costs are absorbed. Diluted earnings per share recover through FY2027. However, ongoing capital reinvestment and debt refinancing costs across near-term debt maturities balance operational gains, supporting our Fair value of $37.49.

Consolidated revenue expands steadily across FY2026 and FY2027 supported by resident occupancy absorption
Operating margins expand gradually from FY2025 levels through FY2030 as operating leverage takes effect
Diluted earnings per share recover through FY2026 and FY2027 alongside portfolio stabilization
Cost of capital remains disciplined with sustainable long-term terminal growth expectations

Bull20%

Price target

$54.44

-35.2% from spot

Under the upside case, demographic expansion accelerates senior living move-ins, while historically low construction starts in Q2 2026 create a prolonged supply shortage. Same-store senior housing operating margins and incremental flow-through expand, lifting consolidated operating profitability. Operating cash flow expands significantly, allowing Ventas to fund accretive acquisitions with internal cash flow, deleverage its debt burden, and support Potential value of $54.44.

Accelerated multiyear revenue expansion driven by rapid resident occupancy absorption
Substantial consolidated operating margin expansion as fixed property costs are absorbed
Elevated incremental senior housing operating margin flow-through maintained alongside moderating wage growth
Credit spreads tighten significantly alongside highly accretive capital recycling yields

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($37.49). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.3%	$39.9	$40.8	$41.8	$42.9	$44.1
7.8%	$37.9	$38.6	$39.4	$40.3	$41.3
8.3%	$36.2	$36.8	$37.5	$38.2	$39.0
8.8%	$34.8	$35.3	$35.9	$36.4	$37.1
9.3%	$33.6	$34.0	$34.4	$34.9	$35.5

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E128.2

P25 n/aP50 n/aP75 n/a

Trailing P/E152.8

P25 n/aP50 n/aP75 n/a

ROE1.9

P25 n/aP50 n/aP75 n/a

ROIC3.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All VTR indicators

Market & fundamental data

Available fields

261

Groups with data

Currency

USD

Showing 261 of 261 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000740260
Company name	Ventas, Inc.
Country	United States
Country code	US
CUSIP number	92276F100
Earnings date	2026-10-27
Earnings time	amc
Employees	542
Employees change	44
Employees growth	8.84%
Enterprise value	$55.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1983
In index	SP500
Industry	REIT - Healthcare Facilities
IPO date	1998-05-04
Is primary listing	Yes
Is SPAC	No
ISIN number	US92276F1003
Last 10-K release date	2026-02-06
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	1994-10-26
Last stock split type	Forward
Market cap	$43B
Market cap category	Large-Cap
Next earnings date	2027-02-04
Options	Yes
Price	$80.77
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	VTR
U.S. state	Illinois
Website	https://www.ventasreit.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	152.71x
Average P/E ratio (10Y)	246.07x
Average P/E ratio (3Y)	177.83x
Average P/E ratio (5Y)	541.51x
Earnings yield	0.64%
EV/Earnings	211.35x
EV/EBIT	56.12x
EV/EBITDA	22.45x
EV/Sales	8.18x
FCF / EV yield	-4.86%
FCF yield	-6.27%
Forward EV/Sales	7.32x
Forward P/E	99.44x
Forward P/S	5.67x
Graham number	18.68923
Graham upside	-76.82%
Industry forward P/E	66.06x
Industry P/E	78.26x
Lynch fair value	$2.87
Lynch upside	-96.44%
P/(OCF - SBC) ratio	24.4x
P/B ratio	2.79x
P/E ratio	155.52x
P/OCF ratio	23.83x
P/S ratio	6.34x
PEG ratio	10.32x
Price / tangible book value	2.91x
Price/EBITDA ratio	17.4x
Sector forward P/E	29.99x
Sector P/E	40.99x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.58%
EBITDA margin	36.45%
Gross margin	39.57%
Operating margin	14.58%
Pretax margin	3.1%
Profit margin	3.87%
Profit per employee	$483,513
Profitable quarters	9
Profitable years	2
Revenue per employee	$12.5M
ROA	2.14%
ROA (5Y)	1.76%
ROCE	3.4%
ROE	1.86%
ROE (5Y)	0.57%
ROIC	3.45%
ROIC (5Y)	2.93%
SBC / revenue	0.66%
Tax / revenue	-0.92%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	0.34%
EPS growth (Q)	-9.14%
EPS growth (QoQ)	-9.14%
EPS growth 10Y	-10.93%
EPS growth 3Y	267.38%
EPS growth 5Y	-0.36%
EPS growth years	3
Net income growth	10.1%
Net income growth (Q)	-1.01%
Net income growth (QoQ)	-7.35%
Net income growth 3Y	278.65%
Net income growth 5Y	5.52%
Net income growth quarters	8
Net income growth years	3
OCF growth	18.22%
OCF growth 10Y	3.04%
OCF growth 3Y	17.09%
OCF growth 5Y	7.43%
Revenue growth	22.07%
Revenue growth (Q)	22%
Revenue growth (QoQ)	6.5%
Revenue growth 10Y	7.1%
Revenue growth 3Y	15.79%
Revenue growth 5Y	12.47%
Revenue growth quarters	20
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-4.5B
Depreciation and amortization	$1.5B
EBIT	$986.9M
EBITDA	$2.5B
EPS	$0.52
FCF per share	$-5.05
Free cash flow	$-2.7B
Free cash flow minus SBC	$-2.7B
Funds from operations (FFO)	$1.6B
Gross profit	$2.7B
Income taxes	$-62M
Investing cash flow	$-4.6B
Net cash flow	$-452.9M
Net income	$262.1M
Operating cash flow minus SBC	$1.8B
Operating income	$986.9M
Revenue	$6.8B
Stock-based compensation	$42.4M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$29.89
Debt / EBITDA	5.07
Debt / equity	0.77
Goodwill	$1B
Interest coverage	1.56
Net cash (debt)	$-12.5B
Net cash / market cap	-29.04%
Net debt / EBITDA	5.05
Net debt / equity	0.76
Piotroski F-Score	6
Property, plant and equipment	$27.3B
Shareholders' equity	$16.4B
Tangible book value	$14.8B
Tangible book value per share	$27.91
Total assets	$30.6B
Total cash	$202M
Total debt	$12.7B
Total liabilities	$14.3B
WACC	7.33%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.24
Current ratio	0.49
Net working capital	$-1B
Quick ratio	0.13
Working capital	$-801.2M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-10.5%
Dividend growth	7.94%
Dividend growth (10Y)	-3.52%
Dividend growth (3Y)	4.26%
Dividend growth (5Y)	2.53%
Dividend growth years	1
Dividend payment date	2026-10-15
Dividend payment years	28
Dividend payout frequency	Quarterly
Dividend per share	$2.08
Dividend yield	2.59%
Ex-dividend date	2026-09-30
Last dividend	$0.52
Payout ratio	400.5%
Shareholder yield	-7.92%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	21.64%
10Y return CAGR	6.32%
10Y total return	84.5%
150-day SMA	$87.73
15Y price change	47.74%
15Y return CAGR	8.06%
15Y total return	219.89%
1D price change	-3.08%
1M price change	-6.72%
1M total return	-6.16%
1W price change	-5.4%
1W total return	-5.4%
1Y price change	12.89%
1Y return CAGR	15.68%
1Y total return	15.67%
20-day SMA	$83.95
200-day SMA	$86.47
20Y price change	106.89%
20Y return CAGR	9.12%
20Y total return	473.06%
3M price change	-19.32%
3M total return	-18.83%
3Y price change	93.93%
3Y return CAGR	28.44%
3Y total return	111.93%
50-day SMA	$87.45
50-day SMA vs 200-day SMA	50over200
52-week high	$101.60
52-week high date	2026-07-28
52-week low	$68.15
52-week low date	2025-10-30
5Y price change	47.07%
5Y return CAGR	11.65%
5Y total return	73.5%
6M price change	-4.64%
6M total return	-3.5%
All-time high	$101.60
All-time high date	2026-07-28
All-time low	$2.69
All-time low date	2000-03-15
Average true range (ATR)	$2.29
Average volume	3.7M
Beta (1Y)	-0.21
Beta (2Y)	0.17
Beta (5Y)	0.74
Change from 52-week high	-20.5%
Change from 52-week low	18.52%
Change from all-time high	-20.5%
Change from all-time low	2,904.84%
Change from open	0.17%
Day's gap	-3.25%
Dollar volume	$431.5M
High price	$81.55
Low price	$76.75
Monthly RSI	55.56
Open price	$80.63
Position in 52-week range	83.75%
Premarket change	0.35%
Premarket close	$83.34
Premarket price	$83.63
Premarket volume	3.2K
Previous close	$83.34
Price vs 150-day SMA	-7.93%
Price vs 20-day SMA	-3.78%
Price vs 200-day SMA	-6.59%
Price vs 50-day SMA	-7.64%
Relative volume	1.45
RSI	36.11
Sharpe ratio	0.57
Sharpe ratio (3Y)	1.06
Sharpe ratio (5Y)	0.38
Sortino ratio	1.05
Sortino ratio (3Y)	1.82
Sortino ratio (5Y)	0.76
Volume	5.3M
Weekly RSI	40.79
YTD price change	4.38%
YTD total return	6.3%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	510.5M
Float percentage	95.92%
Shares change (QoQ)	4.26%
Shares change (YoY)	10.5%
Shares held by insiders	0.36%
Shares held by institutions	100.77%
Shares outstanding	532.3M
Short % of float	3.23%
Short % of shares	3.1%
Short ratio	4.4 days

Deeper analysis on VTR

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this VTR report

What is the latest published VTR stock rating?

Ventas, Inc. is shown with Sell in the latest published report, analyzed 2026-10-03. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full VTR analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/VTR/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for VTR?

The latest published report analyzed 2026-10-03 gives VTR a fair value of USD 37 and a potential value of USD 54. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the VTR page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellVTR · Fair value $37.5-55.4%

Read full analysis →

Ventas, Inc. (VTR)

Our latest published analysis: VTR rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · VTR

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All VTR indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on VTR

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	3.0
Profitability	3.5
Revenue Growth	7.5
Risk Assessment	6.0
Competitive Moat	6.5
Earnings Quality	7.5
Capital Efficiency	2.5