Ashford Hospitality Trust, Inc. (AHT) Financial Ratios
25 years of historical data (2001–2025) · Real Estate · REIT - Hotel & Motel
EV/EBITDA
↓
14.30
↓-13% vs avg
5yr avg: 16.46
30Y Low2.8·High39.1
P/FCF
N/A
—
5yr avg: 4.87
30Y Low1.6·High43.0
P/B Ratio
N/A
—
5yr avg: 16.27
30Y Low0.1·High16.3
ROE
N/A
—
5yr avg: -1329.2%
30Y Low-26%·High33%
Debt/EBITDA
↓
14.53
↓-16% vs avg
5yr avg: 17.35
30Y Low2.5·High41.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AHT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ashford Hospitality Trust, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21M | $25M | $34M | $67M | $153M | $327M | $41M | $279M | $384M | $633M | $723M |
| Enterprise Value | $2.9B | $2.9B | $2.6B | $3.0B | $3.6B | $3.7B | $3.7B | $4.2B | $4.0B | $4.0B | $4.1B |
| P/E Ratio → | -0.10 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.02 | 0.02 | 0.03 | 0.05 | 0.12 | 0.41 | 0.08 | 0.19 | 0.27 | 0.44 | 0.48 |
| P/B Ratio | — | — | — | — | — | 16.27 | — | 0.82 | 0.72 | 0.84 | 0.78 |
| P/FCF | — | — | — | 4.87 | — | — | — | 1.58 | 2.12 | 3.05 | 4.13 |
| P/OCF | — | — | — | 4.67 | 3.91 | — | — | 1.57 | 2.12 | 3.05 | 4.13 |
P/E links to full P/E history page with 30-year chart
AHT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ashford Hospitality Trust, Inc.'s enterprise value stands at 14.3x EBITDA, 13% below its 5-year average of 16.5x. The Real Estate sector median is 17.0x, placing the stock at a 16% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.61 | 2.23 | 2.20 | 2.93 | 4.55 | 7.32 | 2.78 | 2.79 | 2.76 | 2.75 |
| EV / EBITDA | 14.30 | 14.33 | 6.34 | 9.45 | 13.08 | 39.09 | — | 10.89 | 2.83 | 2.76 | 2.78 |
| EV / EBIT | 48.06 | 26.94 | 10.25 | 16.13 | 39.43 | — | — | 34.64 | 47.95 | 30.19 | 24.59 |
| EV / FCF | — | — | — | 217.98 | — | — | — | 23.63 | 22.03 | 19.18 | 23.42 |
AHT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ashford Hospitality Trust, Inc. earns an operating margin of 5.4%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 9.5% to 5.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 1.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -0.6% | -0.6% | 20.0% | 23.6% | 23.2% | 13.5% | -11.0% | 26.8% | 26.7% | 28.9% | 29.1% |
| Operating Margin | 5.4% | 5.4% | 22.1% | 9.5% | 6.1% | -15.5% | -91.6% | 7.6% | 6.3% | 9.4% | 10.4% |
| Net Profit Margin | -16.3% | -16.3% | -5.1% | -13.1% | -11.3% | -33.2% | -107.0% | -7.6% | -8.9% | -4.7% | -3.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | -1329.2% | -1383.3% | -26.0% | -19.8% | -8.0% | -5.0% |
| ROA | -6.0% | -6.0% | -1.8% | -4.8% | -3.5% | -6.8% | -12.9% | -2.4% | -2.7% | -1.4% | -0.9% |
| ROIC | 1.9% | 1.9% | 7.7% | 3.2% | 1.7% | -2.8% | -9.1% | 2.1% | 1.6% | 2.4% | 2.6% |
| ROCE | 2.6% | 2.6% | 8.5% | 3.7% | 2.0% | -3.3% | -11.6% | 2.5% | 2.0% | 2.9% | 3.3% |
AHT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ashford Hospitality Trust, Inc. carries a Debt/EBITDA ratio of 14.5x, which is highly leveraged (83% above the sector average of 7.9x). Net debt stands at $2.9B ($2.9B total debt minus $66M cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 195.78 | — | 12.27 | 7.36 | 4.93 | 4.02 |
| Debt / EBITDA | 14.53 | 14.53 | 6.53 | 9.75 | 14.03 | 41.92 | — | 10.85 | 2.78 | 2.57 | 2.53 |
| Net Debt / Equity | — | — | — | — | — | 166.31 | — | 11.49 | 6.76 | 4.46 | 3.65 |
| Net Debt / EBITDA | 14.20 | 14.20 | 6.26 | 9.23 | 12.53 | 35.61 | — | 10.16 | 2.56 | 2.32 | 2.29 |
| Debt / FCF | — | — | — | 213.11 | — | — | — | 22.05 | 19.91 | 16.13 | 19.29 |
| Interest Coverage | 0.36 | 0.36 | 0.80 | 0.51 | 0.41 | -0.70 | -1.57 | 0.46 | 0.35 | 0.59 | 0.74 |
AHT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.26x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.13x to 0.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.26 | 0.26 | 2.28 | 2.13 | 4.89 | 5.71 | 1.12 | 3.03 | 2.86 | 3.17 | 3.09 |
| Quick Ratio | 0.26 | 0.26 | 2.27 | 2.11 | 4.86 | 5.69 | 1.11 | 3.01 | 2.84 | 3.15 | 3.06 |
| Cash Ratio | 0.06 | 0.06 | 0.34 | 0.85 | 3.07 | 4.29 | 0.44 | 1.60 | 1.79 | 2.01 | 1.92 |
| Asset Turnover | — | 0.39 | 0.37 | 0.39 | 0.32 | 0.20 | 0.14 | 0.32 | 0.31 | 0.31 | 0.31 |
| Inventory Turnover | 308.60 | 308.60 | 258.35 | 283.93 | 247.21 | 211.80 | 230.65 | 253.20 | 248.12 | 241.05 | 233.61 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AHT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ashford Hospitality Trust, Inc. returns 100.0% to shareholders annually — split between a 100.0% dividend yield and 0.2% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 100.0% | 94.1% | 60.2% | 22.2% | 8.1% | 5.7% | 70.1% | 31.0% | 25.4% | 16.1% | 12.6% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 20.5% | — | — | — | 63.4% | 47.2% | 32.7% | 24.2% |
| Buyback Yield | 0.2% | 0.2% | 0.1% | 0.3% | 0.2% | 0.0% | 1.0% | 0.4% | 0.4% | 34.7% | 16.1% |
| Total Shareholder Yield | 100.0% | 94.3% | 60.3% | 22.5% | 8.3% | 5.7% | 71.1% | 31.3% | 25.8% | 50.8% | 28.7% |
| Shares Outstanding | — | $6M | $5M | $3M | $3M | $3M | $157560 | $99837 | $97280 | $95207 | $94426 |
Peer Comparison
Compare AHT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AHTYou | $21M | -0.1 | 14.3 | — | -0.6% | 5.4% | — | 1.9% | 14.5 |
 PK | $3B | -10.3 | 12.4 | 28.7 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 RHP | $8B | 33.2 | 15.3 | 34.0 | 9.9% | 18.9% | 22.7% | 8.2% | 5.6 |
 SHO | $2B | 280.4 | 14.5 | 28.1 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 DRH | $2B | 27.8 | 13.1 | 15.4 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
 APLE | $4B | 22.4 | 12.8 | 13.9 | 6.4% | 17.7% | 5.5% | 3.9% | 4.0 |
 XHR | $2B | 31.4 | 13.2 | 20.6 | 1.5% | 9.9% | 5.1% | 3.2% | 6.0 |
 HST | $17B | 22.8 | 13.6 | 20.1 | 2.6% | 13.6% | 11.3% | 5.3% | 3.5 |
 CLDT | $624M | 95.5 | 11.0 | 15.8 | 3.5% | 9.0% | 1.9% | 1.7% | 4.2 |
 INN | $715M | -29.9 | 10.0 | 9.7 | -7.7% | 8.4% | -0.6% | 1.7% | 6.7 |
 SOHO | $46M | -6.6 | 9.5 | 1.8 | 25.7% | 11.4% | 2.9% | 4.3% | 8.5 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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AHT — Frequently Asked Questions
Quick answers to the most common questions about buying AHT stock.
What is Ashford Hospitality Trust, Inc.'s P/E ratio?
Ashford Hospitality Trust, Inc.'s current P/E ratio is -0.1x. The historical average is 47.8x.
What is Ashford Hospitality Trust, Inc.'s EV/EBITDA?
Ashford Hospitality Trust, Inc.'s current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
Is AHT stock overvalued?
Based on historical data, Ashford Hospitality Trust, Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
What is Ashford Hospitality Trust, Inc.'s dividend yield?
Ashford Hospitality Trust, Inc.'s current dividend yield is 100.00%.
What are Ashford Hospitality Trust, Inc.'s profit margins?
Ashford Hospitality Trust, Inc. has -0.6% gross margin and 5.4% operating margin.
How much debt does Ashford Hospitality Trust, Inc. have?
Ashford Hospitality Trust, Inc.'s Debt/EBITDA ratio is 14.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.