Braemar Hotels & Resorts Inc. (BHR) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Hotel & Motel
EV/EBITDA
↓
8.79
↓-12% vs avg
5yr avg: 9.97
30Y Low2.4·High17.0
P/FCF
↓
N/A
—
5yr avg: 3.64
30Y Low1.9·High50.5
P/B Ratio
↓
0.27
↓-38% vs avg
5yr avg: 0.43
30Y Low0.2·High1.3
ROE
↑
-3.6%
↑-70% vs avg
5yr avg: -2.1%
30Y Low-23%·High5%
Debt/EBITDA
↓
8.66
↓-9% vs avg
5yr avg: 9.54
30Y Low1.9·High16.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BHR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Braemar Hotels & Resorts 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 | $143M | $194M | $200M | $165M | $286M | $269M | $157M | $288M | $282M | $334M | $421M |
| Enterprise Value | $1.2B | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | $1.3B | $1.3B | $1.1B | $1.0B | $1.1B |
| P/E Ratio → | -5.78 | — | — | — | — | — | — | 241.35 | 214.04 | 18.88 | 24.56 |
| P/S Ratio | 0.20 | 0.28 | 0.27 | 0.22 | 0.43 | 0.63 | 0.69 | 0.59 | 0.65 | 0.81 | 1.04 |
| P/B Ratio | 0.27 | 0.37 | 0.28 | 0.20 | 0.66 | 0.64 | 0.40 | 0.56 | 0.52 | 0.63 | 0.98 |
| P/FCF | — | — | 2.99 | 1.95 | 2.62 | 7.01 | — | 4.35 | — | — | 3.62 |
| P/OCF | 3.50 | 4.76 | 2.99 | 1.95 | 2.62 | 4.20 | — | 4.35 | 3.99 | 4.73 | 7.38 |
P/E links to full P/E history page with 30-year chart
BHR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Braemar Hotels & Resorts Inc.'s enterprise value stands at 8.8x EBITDA, 12% below its 5-year average of 10.0x. The Real Estate sector median is 17.0x, placing the stock at a 48% 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 | — | 1.77 | 1.78 | 1.76 | 2.12 | 3.01 | 5.59 | 2.74 | 2.52 | 2.46 | 2.61 |
| EV / EBITDA | 8.79 | 9.17 | 5.68 | 8.38 | 9.66 | 16.99 | — | 9.88 | 2.39 | 2.54 | 2.61 |
| EV / EBIT | 27.69 | 17.25 | 10.05 | 19.65 | 18.79 | — | — | 23.25 | 19.86 | 15.25 | 15.86 |
| EV / FCF | — | — | 19.37 | 15.39 | 12.97 | 33.58 | — | 20.16 | — | — | 9.10 |
BHR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Braemar Hotels & Resorts Inc. earns an operating margin of 6.1%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 8.3% to 6.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -3.6% indicates the company is currently destroying shareholder equity. 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 | -1.1% | -1.1% | 21.1% | 22.8% | 24.6% | 19.4% | 3.8% | 23.7% | 27.6% | 27.0% | 27.5% |
| Operating Margin | 6.1% | 6.1% | 17.7% | 8.3% | 10.2% | 0.3% | -35.2% | 13.2% | 15.3% | 9.4% | 11.6% |
| Net Profit Margin | -3.2% | -3.2% | -0.2% | -3.7% | 2.7% | -6.2% | -46.4% | 0.1% | 0.3% | 5.6% | 4.8% |
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 | -3.6% | -3.6% | -0.2% | -4.3% | 4.2% | -6.6% | -23.2% | 0.1% | 0.2% | 4.8% | 4.4% |
| ROA | -1.1% | -1.1% | -0.1% | -1.2% | 0.8% | -1.5% | -6.1% | 0.0% | 0.1% | 1.7% | 1.5% |
| ROIC | 1.9% | 1.9% | 5.1% | 2.6% | 3.4% | 0.1% | -3.9% | 3.3% | 3.9% | 2.6% | 3.1% |
| ROCE | 2.5% | 2.5% | 6.9% | 2.9% | 3.4% | 0.1% | -4.9% | 4.0% | 4.5% | 3.0% | 3.8% |
BHR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Braemar Hotels & Resorts Inc. carries a Debt/EBITDA ratio of 8.7x, which is highly leveraged (9% above the sector average of 7.9x). Net debt stands at $1.1B ($1.2B total debt minus $124M cash). Interest coverage of just 0.8x 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 | 2.24 | 2.24 | 1.70 | 1.49 | 3.21 | 2.95 | 3.01 | 2.19 | 1.82 | 1.55 | 1.78 |
| Debt / EBITDA | 8.66 | 8.66 | 5.40 | 7.87 | 9.49 | 16.29 | — | 8.28 | 2.17 | 2.05 | 1.89 |
| Net Debt / Equity | — | 2.00 | 1.52 | 1.39 | 2.61 | 2.43 | 2.81 | 2.05 | 1.48 | 1.29 | 1.49 |
| Net Debt / EBITDA | 7.74 | 7.74 | 4.80 | 7.32 | 7.71 | 13.44 | — | 7.75 | 1.76 | 1.71 | 1.57 |
| Debt / FCF | — | — | 16.38 | 13.44 | 10.35 | 26.57 | — | 15.81 | — | — | 5.48 |
| Interest Coverage | 0.82 | 0.82 | 1.19 | 0.70 | 1.45 | -0.02 | -1.86 | 1.05 | 1.10 | 1.71 | 1.63 |
BHR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Braemar Hotels & Resorts Inc.'s current ratio of 2.18x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.45x to 2.18x 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 | 2.18 | 2.18 | 0.57 | 1.45 | 2.64 | 3.22 | 2.14 | 1.59 | 3.60 | 3.32 | 3.54 |
| Quick Ratio | 2.12 | 2.12 | 0.56 | 1.42 | 2.60 | 3.19 | 2.10 | 1.56 | 3.57 | 3.29 | 3.52 |
| Cash Ratio | 1.67 | 1.67 | 0.30 | 0.53 | 1.70 | 2.15 | 1.14 | 0.65 | 2.33 | 2.01 | 2.17 |
| Asset Turnover | — | 0.38 | 0.34 | 0.33 | 0.28 | 0.23 | 0.14 | 0.28 | 0.26 | 0.29 | 0.32 |
| Inventory Turnover | 150.09 | 150.09 | 123.23 | 114.11 | 96.43 | 110.19 | 85.64 | 133.19 | 167.66 | 211.98 | 198.96 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BHR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Braemar Hotels & Resorts Inc. returns 87.9% to shareholders annually — split between a 33.7% dividend yield and 54.3% 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 | 33.7% | 24.4% | 25.8% | 31.9% | 7.2% | 3.4% | 10.3% | 11.6% | 10.7% | 8.1% | 4.0% |
| Payout Ratio | — | — | — | — | 116.9% | — | — | 9005.1% | 2297.6% | 117.7% | 87.4% |
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 | — | — | — | — | — | — | — | 0.4% | 0.5% | 5.3% | 4.1% |
| FCF Yield | — | — | 33.5% | 51.3% | 38.2% | 14.3% | — | 23.0% | — | — | 27.6% |
| Buyback Yield | 54.3% | 40.0% | 0.2% | 16.0% | 2.6% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 9.3% |
| Total Shareholder Yield | 87.9% | 64.4% | 26.0% | 47.9% | 9.8% | 3.5% | 10.5% | 11.7% | 10.9% | 8.2% | 13.3% |
| Shares Outstanding | — | $68M | $67M | $66M | $70M | $53M | $34M | $32M | $32M | $35M | $31M |
Peer Comparison
Compare BHR 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 |
|---|---|---|---|---|---|---|---|---|---|
 BHRYou | $143M | -5.8 | 8.8 | — | -1.1% | 6.1% | -3.6% | 1.9% | 8.7 |
 AHT | $21M | -0.1 | 14.3 | — | -0.6% | 5.4% | — | 1.9% | 14.5 |
 CLDT | $624M | 95.4 | 11.0 | 15.8 | 3.5% | 9.0% | 1.9% | 1.7% | 4.2 |
 SHO | $2B | 281.6 | 14.5 | 28.2 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 RLJ | $2B | 772.3 | 11.7 | 14.8 | -0.9% | 9.3% | 1.3% | 2.3% | 7.4 |
 PEB | $2B | -21.2 | 14.6 | 14.2 | -6.7% | 5.1% | -2.5% | 1.1% | 8.1 |
 DRH | $3B | 28.0 | 13.2 | 15.5 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
 HST | $17B | 22.7 | 13.6 | 20.0 | 2.6% | 13.6% | 11.3% | 5.3% | 3.5 |
 PK | $3B | -10.4 | 12.4 | 29.0 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 XHR | $2B | 31.3 | 13.2 | 20.5 | 1.5% | 9.9% | 5.1% | 3.2% | 6.0 |
 INN | $721M | -30.1 | 10.0 | 9.8 | -7.7% | 8.4% | -0.6% | 1.7% | 6.7 |
| 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 · 14 years · Updated daily
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BHR — Frequently Asked Questions
Quick answers to the most common questions about buying BHR stock.
What is Braemar Hotels & Resorts Inc.'s P/E ratio?
Braemar Hotels & Resorts Inc.'s current P/E ratio is -5.8x. The historical average is 21.7x.
What is Braemar Hotels & Resorts Inc.'s EV/EBITDA?
Braemar Hotels & Resorts Inc.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Braemar Hotels & Resorts Inc.'s ROE?
Braemar Hotels & Resorts Inc.'s return on equity (ROE) is -3.6%. The historical average is -2.2%.
Is BHR stock overvalued?
Based on historical data, Braemar Hotels & Resorts Inc. is trading at a P/E of -5.8x. Compare with industry peers and growth rates for a complete picture.
What is Braemar Hotels & Resorts Inc.'s dividend yield?
Braemar Hotels & Resorts Inc.'s current dividend yield is 33.66%.
What are Braemar Hotels & Resorts Inc.'s profit margins?
Braemar Hotels & Resorts Inc. has -1.1% gross margin and 6.1% operating margin.
How much debt does Braemar Hotels & Resorts Inc. have?
Braemar Hotels & Resorts Inc.'s Debt/EBITDA ratio is 8.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.