28 years of historical data (1998–2025) · Real Estate · REIT - Healthcare Facilities
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diversified Healthcare Trust 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 | $1.6B | $1.2B | $551M | $893M | $154M | $735M | $979M | $2.0B | $2.8B | $4.5B | $4.5B |
| Enterprise Value | $1.5B | $1.1B | $3.3B | $3.5B | $2.6B | $3.8B | $4.4B | $5.5B | $6.5B | $8.3B | $8.3B |
| P/E Ratio → | -5.68 | — | — | — | — | 4.23 | — | — | 9.69 | 30.89 | 31.55 |
| P/S Ratio | 1.06 | 0.76 | 0.37 | 0.63 | 0.12 | 0.53 | 0.60 | 1.93 | 2.49 | 4.23 | 4.25 |
| P/B Ratio | 0.98 | 0.70 | 0.28 | 0.38 | 0.06 | 0.28 | 0.37 | 0.70 | 0.83 | 1.32 | 0.64 |
| P/FCF | — | — | 4.91 | 85.21 | — | — | 6.18 | 7.54 | 5.66 | 24.50 | 33.55 |
| P/OCF | — | — | 4.91 | 85.21 | — | — | 6.18 | 7.54 | 7.09 | 11.17 | 10.53 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diversified Healthcare Trust's enterprise value stands at 6.9x EBITDA, 32% below its 5-year average of 10.1x. The Real Estate sector median is 13.6x, placing the stock at a 50% 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 | — | 0.69 | 2.22 | 2.46 | 2.01 | 2.73 | 2.70 | 5.33 | 5.79 | 7.71 | 7.83 |
| EV / EBITDA | 6.88 | 4.76 | 6.44 | 7.17 | 17.36 | 14.70 | 7.03 | 7.08 | 7.52 | 10.00 | 9.28 |
| EV / EBIT | — | — | — | — | 13.67 | 8.65 | 46.84 | 26.17 | 22.04 | 29.57 | 25.74 |
| EV / FCF | — | — | 29.56 | 330.45 | — | — | 27.80 | 20.86 | 13.14 | 44.64 | 61.84 |
Margins and return-on-capital ratios measuring operating efficiency
Diversified Healthcare Trust earns an operating margin of -2.6%, below the Real Estate sector average of 22.0%. Operating margins have compressed from 14.1% to -2.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -15.8% indicates the company is currently destroying shareholder equity.
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 | -16.0% | -16.0% | 17.1% | 16.0% | 13.6% | 21.1% | 24.2% | 51.7% | 59.6% | 61.5% | 62.0% |
| Operating Margin | -2.6% | -2.6% | 15.4% | 14.1% | -7.1% | -1.0% | 22.3% | 48.2% | 51.9% | 51.8% | 57.6% |
| Net Profit Margin | -18.6% | -18.6% | -24.8% | -20.8% | -1.2% | 12.6% | -8.5% | -8.5% | 25.7% | 13.7% | 13.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -15.8% | -15.8% | -17.2% | -11.8% | -0.6% | 6.6% | -5.1% | -2.8% | 8.5% | 2.8% | 2.7% |
| ROA | -6.0% | -6.0% | -7.0% | -5.1% | -0.2% | 2.7% | -2.1% | -1.3% | 4.0% | 2.0% | 2.0% |
| ROIC | -0.9% | -0.9% | 3.6% | 3.0% | -1.3% | -0.2% | 4.4% | 5.6% | 6.1% | 4.7% | 5.2% |
| ROCE | -0.8% | -0.8% | 4.4% | 3.7% | -1.5% | -0.2% | 6.0% | 7.7% | 8.5% | 8.2% | 9.2% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $105M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 1.49 | 1.21 | 1.17 | 1.38 | 1.34 | 1.24 | 1.12 | 1.09 | 0.55 |
| Debt / EBITDA | — | — | 5.65 | 5.83 | 20.75 | 14.31 | 5.59 | 4.57 | 4.34 | 4.55 | 4.28 |
| Net Debt / Equity | — | -0.06 | 1.41 | 1.10 | 0.92 | 1.14 | 1.31 | 1.23 | 1.10 | 1.08 | 0.54 |
| Net Debt / EBITDA | -0.47 | -0.47 | 5.37 | 5.32 | 16.32 | 11.84 | 5.47 | 4.52 | 4.28 | 4.51 | 4.25 |
| Debt / FCF | — | — | 24.65 | 245.25 | — | — | 21.63 | 13.32 | 7.48 | 20.15 | 28.29 |
| Interest Coverage | -0.19 | -0.19 | 0.98 | 1.04 | -0.44 | -0.05 | 1.81 | 2.78 | 3.23 | 3.38 | 3.64 |
Net cash position: cash ($105M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 8.77x to 11.29x 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 | — | — | 11.29 | 8.77 | 0.95 | 36.83 | 0.94 | 0.46 | 0.42 | 0.08 | 0.10 |
| Quick Ratio | — | — | 11.29 | 8.77 | 0.95 | 36.83 | 0.94 | 0.46 | 0.54 | 0.11 | 0.16 |
| Cash Ratio | — | — | 3.79 | 8.21 | 0.90 | 21.27 | 0.23 | 0.06 | 0.33 | 0.05 | 0.09 |
| Asset Turnover | — | 0.35 | 0.29 | 0.26 | 0.21 | 0.21 | 0.25 | 0.16 | 0.16 | 0.15 | 0.15 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diversified Healthcare Trust returns 0.1% to shareholders annually primarily through share buybacks.
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 | — | — | 1.7% | 1.1% | 6.2% | 1.3% | 4.4% | 10.0% | 13.3% | 8.2% | 8.2% |
| Payout Ratio | — | — | — | — | — | 5.5% | — | — | 129.2% | 251.1% | 262.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 23.6% | — | — | 10.3% | 3.2% | 3.2% |
| FCF Yield | — | — | 20.4% | 1.2% | — | — | 16.2% | 13.3% | 17.7% | 4.1% | 3.0% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 1.9% | 1.1% | 6.3% | 1.3% | 4.4% | 10.0% | 13.3% | 8.2% | 8.3% |
| Shares Outstanding | — | $240M | $240M | $239M | $238M | $238M | $238M | $238M | $238M | $237M | $237M |
Compare DHC with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DHCYou | $2B | -5.7 | 6.9 | — | -16.0% | -2.6% | -15.8% | -0.9% | — |
| WELL | $144B | 149.0 | 54.4 | 50.1 | 20.9% | 4.9% | 2.5% | 0.9% | 1.1 |
| VTR | $40B | 159.6 | 24.1 | 31.5 | -5.9% | 14.2% | 2.1% | 2.5% | 6.1 |
| DOC | $12B | 176.8 | 13.8 | 9.8 | 22.5% | 19.3% | 0.8% | 2.3% | 6.5 |
| AHR | $9B | -180.1 | 29.9 | 106.2 | 20.1% | 6.6% | -2.0% | 2.4% | 5.2 |
| SILA | $1B | 42.9 | 9.7 | 11.9 | 87.9% | 32.9% | 2.4% | 3.0% | — |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 28 years · Updated daily
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Start ComparisonDiversified Healthcare Trust's current P/E ratio is -5.7x. The historical average is 21.0x.
Diversified Healthcare Trust's current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Diversified Healthcare Trust's return on equity (ROE) is -15.8%. The historical average is 2.9%.
Based on historical data, Diversified Healthcare Trust is trading at a P/E of -5.7x. Compare with industry peers and growth rates for a complete picture.
Diversified Healthcare Trust has -16.0% gross margin and -2.6% operating margin.