Apple Hospitality REIT, Inc. (APLE) Financial Ratios
18 years of historical data (2008–2025) · Real Estate · REIT - Hotel & Motel
EV/EBITDA
↓
12.76
-3% vs avg
5yr avg: 13.14
30Y Low10.3·High46.9
P/FCF
↓
13.85
+10% vs avg
5yr avg: 12.61
30Y Low9.9·High18.3
P/B Ratio
↓
1.25
+14% vs avg
5yr avg: 1.09
30Y Low0.7·High1.4
ROE
↑
5.5%
↓+21% vs avg
5yr avg: 4.5%
30Y Low-5%·High9%
Debt/EBITDA
↓
4.00
↓-1% vs avg
5yr avg: 4.05
30Y Low1.2·High37.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
APLE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Apple Hospitality REIT, Inc. trades at 22.4x earnings, 59% below its 5-year average of 54.8x, sitting at the 50th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 7%. On a free-cash-flow basis, the stock trades at 13.8x P/FCF, 10% above the 5-year average of 12.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.9B | $2.8B | $3.7B | $3.8B | $3.6B | $3.7B | $2.9B | $3.6B | $3.3B | $4.4B | $3.8B |
| Enterprise Value | $5.7B | $4.6B | $5.3B | $5.3B | $5.1B | $5.2B | $4.6B | $5.2B | $4.7B | $5.6B | $5.1B |
| P/E Ratio → | 22.42 | 16.01 | 17.25 | 21.57 | 25.05 | 194.11 | — | 21.10 | 15.84 | 23.91 | 26.29 |
| P/S Ratio | 2.77 | 2.00 | 2.59 | 2.83 | 2.92 | 3.91 | 4.79 | 2.87 | 2.58 | 3.54 | 3.66 |
| P/B Ratio | 1.25 | 0.89 | 1.13 | 1.15 | 1.14 | 1.16 | 0.95 | 1.11 | 0.68 | 0.92 | 0.79 |
| P/FCF | 13.85 | 9.96 | 11.39 | 11.65 | 11.69 | 18.35 | — | 11.86 | 9.91 | 13.64 | 14.29 |
| P/OCF | 10.58 | 7.61 | 9.14 | 9.55 | 9.81 | 16.80 | 107.97 | 9.53 | 8.09 | 11.39 | 11.48 |
P/E links to full P/E history page with 30-year chart
APLE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Apple Hospitality REIT, Inc.'s enterprise value stands at 12.8x EBITDA, roughly in line with its 5-year average of 13.1x. The Real Estate sector median is 17.0x, placing the stock at a 25% 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 | — | 3.22 | 3.69 | 3.93 | 4.11 | 5.57 | 7.61 | 4.09 | 3.66 | 4.50 | 4.92 |
| EV / EBITDA | 12.76 | 10.28 | 10.92 | 12.26 | 13.10 | 19.16 | 46.89 | 12.12 | 10.54 | 14.26 | 15.36 |
| EV / EBIT | 22.57 | 17.13 | 18.02 | 21.34 | 24.64 | 59.77 | — | 22.14 | 17.84 | 21.64 | 22.69 |
| EV / FCF | — | 16.10 | 16.23 | 16.15 | 16.46 | 26.11 | — | 16.87 | 14.08 | 17.35 | 19.19 |
APLE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Apple Hospitality REIT, Inc. earns an operating margin of 17.7%, below the Real Estate sector average of 24.8%. ROE of 5.5% is modest. ROIC of 3.9% 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 | 6.4% | 6.4% | 35.6% | 36.0% | 36.7% | 34.2% | 20.2% | 36.7% | 36.9% | 37.2% | 37.6% |
| Operating Margin | 17.7% | 17.7% | 20.5% | 18.4% | 16.7% | 9.3% | -17.0% | 18.5% | 20.3% | 17.3% | 17.8% |
| Net Profit Margin | 12.4% | 12.4% | 15.0% | 13.2% | 11.7% | 2.0% | -28.8% | 13.6% | 16.2% | 14.7% | 13.9% |
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 | 5.5% | 5.5% | 6.5% | 5.5% | 4.6% | 0.6% | -5.5% | 4.2% | 4.3% | 3.8% | 3.9% |
| ROA | 3.6% | 3.6% | 4.3% | 3.7% | 3.0% | 0.4% | -3.5% | 3.5% | 4.2% | 3.7% | 3.3% |
| ROIC | 3.9% | 3.9% | 4.6% | 3.9% | 3.3% | 1.4% | -1.6% | 3.2% | 3.2% | 2.7% | 2.8% |
| ROCE | 5.3% | 5.3% | 6.1% | 5.2% | 4.5% | 1.9% | -2.2% | 4.9% | 5.4% | 4.6% | 4.8% |
APLE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Apple Hospitality REIT, Inc. carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (49% below the sector average of 7.9x). Net debt stands at $1.7B ($1.8B total debt minus $39M cash). Interest coverage of just 3.0x 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 | 0.56 | 0.56 | 0.48 | 0.45 | 0.47 | 0.49 | 0.56 | 0.47 | 0.29 | 0.26 | 0.28 |
| Debt / EBITDA | 4.00 | 4.00 | 3.28 | 3.44 | 3.81 | 5.71 | 17.42 | 3.60 | 3.20 | 3.13 | 4.01 |
| Net Debt / Equity | — | 0.55 | 0.48 | 0.44 | 0.46 | 0.49 | 0.56 | 0.47 | 0.29 | 0.25 | 0.27 |
| Net Debt / EBITDA | 3.92 | 3.92 | 3.25 | 3.42 | 3.80 | 5.70 | 17.36 | 3.60 | 3.12 | 3.05 | 3.92 |
| Debt / FCF | — | 6.13 | 4.84 | 4.51 | 4.77 | 7.77 | — | 5.01 | 4.17 | 3.71 | 4.90 |
| Interest Coverage | 2.97 | 2.97 | 3.77 | 3.59 | 3.46 | 1.28 | -1.44 | 3.82 | 5.10 | 5.44 | 5.64 |
APLE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.27x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.73x to 0.27x 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 | 0.27 | 0.27 | 0.47 | 0.73 | 0.75 | 0.47 | 0.30 | 0.45 | 0.58 | 0.28 | 0.25 |
| Quick Ratio | 0.27 | 0.27 | 0.47 | 0.73 | 0.75 | 0.47 | 0.30 | 0.45 | -0.00 | -0.00 | 0.25 |
| Cash Ratio | 0.14 | 0.14 | 0.05 | 0.08 | 0.04 | 0.02 | 0.03 | — | 0.31 | 0.14 | 0.07 |
| Asset Turnover | — | 0.29 | 0.29 | 0.27 | 0.26 | 0.19 | 0.12 | 0.26 | 0.26 | 0.25 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 11.03 | 13.01 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
APLE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Apple Hospitality REIT, Inc. returns 7.4% to shareholders annually — split between a 5.8% dividend yield and 1.6% buyback yield. The payout ratio exceeds 100% at 130.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 4.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 5.8% | 8.1% | 6.6% | 6.3% | 3.9% | 0.2% | 2.3% | 7.4% | 8.4% | 6.1% | 6.0% |
| Payout Ratio | 130.3% | 130.3% | 113.9% | 134.3% | 96.3% | 36.1% | — | 156.3% | 133.9% | 146.8% | 158.3% |
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 | 4.5% | 6.2% | 5.8% | 4.6% | 4.0% | 0.5% | — | 4.7% | 6.3% | 4.2% | 3.8% |
| FCF Yield | 7.2% | 10.0% | 8.8% | 8.6% | 8.6% | 5.5% | — | 8.4% | 10.1% | 7.3% | 7.0% |
| Buyback Yield | 1.6% | 2.2% | 0.9% | 0.2% | 0.1% | 0.1% | 0.5% | 0.1% | 3.2% | 0.0% | 0.2% |
| Total Shareholder Yield | 7.4% | 10.3% | 7.5% | 6.4% | 3.9% | 0.3% | 2.8% | 7.5% | 11.7% | 6.1% | 6.3% |
| Shares Outstanding | — | $238M | $241M | $229M | $229M | $226M | $224M | $224M | $230M | $224M | $191M |
Peer Comparison
Compare APLE 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 |
|---|---|---|---|---|---|---|---|---|---|
 APLEYou | $4B | 22.4 | 12.8 | 13.8 | 6.4% | 17.7% | 5.5% | 3.9% | 4.0 |
 PK | $3B | -10.4 | 12.4 | 29.0 | 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 | 281.6 | 14.5 | 28.2 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 DRH | $3B | 28.0 | 13.2 | 15.5 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
 CLDT | $624M | 95.4 | 11.0 | 15.8 | 3.5% | 9.0% | 1.9% | 1.7% | 4.2 |
 INN | $721M | -30.1 | 10.0 | 9.8 | -7.7% | 8.4% | -0.6% | 1.7% | 6.7 |
 HST | $17B | 22.7 | 13.6 | 20.0 | 2.6% | 13.6% | 11.3% | 5.3% | 3.5 |
 PEB | $2B | -21.2 | 14.6 | 14.2 | -6.7% | 5.1% | -2.5% | 1.1% | 8.1 |
 XHR | $2B | 31.3 | 13.2 | 20.5 | 1.5% | 9.9% | 5.1% | 3.2% | 6.0 |
 BHR | $143M | -5.8 | 8.8 | — | -1.1% | 6.1% | -3.6% | 1.9% | 8.7 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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APLE — Frequently Asked Questions
Quick answers to the most common questions about buying APLE stock.
What is Apple Hospitality REIT, Inc.'s P/E ratio?
Apple Hospitality REIT, Inc.'s current P/E ratio is 22.4x. The historical average is 39.2x. This places it at the 50th percentile of its historical range.
What is Apple Hospitality REIT, Inc.'s EV/EBITDA?
Apple Hospitality REIT, Inc.'s current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
What is Apple Hospitality REIT, Inc.'s ROE?
Apple Hospitality REIT, Inc.'s return on equity (ROE) is 5.5%. The historical average is 3.4%.
Is APLE stock overvalued?
Based on historical data, Apple Hospitality REIT, Inc. is trading at a P/E of 22.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Apple Hospitality REIT, Inc.'s dividend yield?
Apple Hospitality REIT, Inc.'s current dividend yield is 5.79% with a payout ratio of 130.3%.
What are Apple Hospitality REIT, Inc.'s profit margins?
Apple Hospitality REIT, Inc. has 6.4% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Apple Hospitality REIT, Inc. have?
Apple Hospitality REIT, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.