Host Hotels & Resorts, Inc. (HST) Financial Ratios
30 years of historical data (1995–2024) · Real Estate · REIT - Hotel & Motel
EV/EBITDA
↓
12.06
↓-27% vs avg
5yr avg: 16.55
30Y Low7.1·High51.7
P/FCF
↑
15.43
+7% vs avg
5yr avg: 14.37
30Y Low8.5·High86.0
P/B Ratio
↑
2.22
↑+23% vs avg
5yr avg: 1.80
30Y Low0.7·High3.2
ROE
↑
10.2%
↓+159% vs avg
5yr avg: 4.0%
30Y Low-21%·High19%
Debt/EBITDA
↓
3.45
↓-33% vs avg
5yr avg: 5.14
30Y Low2.6·High26.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Host Hotels & Resorts, Inc. trades at 21.5x earnings, 18% above its 5-year average of 18.2x, sitting at the 60th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 15.4x P/FCF, 7% above the 5-year average of 14.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.7B | $12.4B | $13.9B | $11.5B | $12.4B | $10.3B | $13.6B | $12.3B | $14.7B | $14.0B | $11.5B |
| Enterprise Value | $19.7B | $17.5B | $17.5B | $15.6B | $17.0B | $14.1B | $16.4B | $14.6B | $17.7B | $17.3B | $15.3B |
| P/E Ratio → | 21.53 | 17.70 | 18.72 | 18.24 | — | — | 14.72 | 11.34 | 26.12 | 18.47 | 20.73 |
| P/S Ratio | 2.58 | 2.18 | 2.61 | 2.35 | 4.27 | 6.37 | 2.48 | 2.23 | 2.72 | 2.58 | 2.16 |
| P/B Ratio | 2.22 | 1.82 | 2.03 | 1.67 | 1.88 | 1.61 | 1.82 | 1.60 | 2.05 | 1.95 | 1.60 |
| P/FCF | 15.43 | 13.02 | 17.46 | 12.63 | — | — | 19.60 | 14.95 | 15.39 | 18.61 | 23.15 |
| P/OCF | 9.78 | 8.26 | 9.63 | 8.13 | 42.30 | — | 10.85 | 9.50 | 11.93 | 10.75 | 9.86 |
P/E links to full P/E history page with 30-year chart
HST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Host Hotels & Resorts, Inc.'s enterprise value stands at 12.1x EBITDA, 27% below its 5-year average of 16.6x. The Real Estate sector median is 16.7x, placing the stock at a 28% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.07 | 3.30 | 3.19 | 5.88 | 8.73 | 3.00 | 2.65 | 3.29 | 3.18 | 2.86 |
| EV / EBITDA | 12.06 | 10.66 | 11.49 | 10.86 | 33.20 | — | 11.11 | 9.93 | 12.41 | 12.28 | 11.45 |
| EV / EBIT | 22.56 | 18.65 | 17.96 | 18.95 | 191.01 | — | 13.84 | 9.91 | 21.81 | 18.03 | 19.60 |
| EV / FCF | — | 18.38 | 22.02 | 17.14 | — | — | 23.68 | 17.72 | 18.59 | 22.96 | 30.72 |
HST Profitability
Margins and return-on-capital ratios measuring operating efficiency
Host Hotels & Resorts, Inc. earns an operating margin of 15.4%, below the Real Estate sector average of 26.0%. ROE of 10.2% is modest. ROIC of 5.9% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.4% | 53.4% | 53.7% | 55.2% | 51.7% | 30.1% | 52.5% | 52.0% | 51.7% | 51.7% | 51.0% |
| Operating Margin | 15.4% | 15.4% | 15.6% | 15.8% | -8.7% | -58.8% | 14.6% | 9.6% | 12.5% | 12.6% | 11.8% |
| Net Profit Margin | 12.3% | 12.3% | 13.9% | 12.9% | -0.4% | -45.2% | 16.8% | 19.7% | 10.5% | 14.0% | 10.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.2% | 10.2% | 10.8% | 9.4% | -0.2% | -10.5% | 12.1% | 14.6% | 7.9% | 10.6% | 7.5% |
| ROA | 5.5% | 5.5% | 6.0% | 5.1% | -0.1% | -5.8% | 7.5% | 9.1% | 4.9% | 6.6% | 4.7% |
| ROIC | 5.9% | 5.9% | 5.8% | 5.2% | -1.7% | -7.0% | 5.9% | 3.9% | 4.9% | 4.8% | 4.3% |
| ROCE | 7.8% | 7.8% | 7.7% | 6.9% | -2.2% | -8.5% | 7.0% | 4.6% | 6.1% | 6.2% | 5.5% |
HST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Host Hotels & Resorts, Inc. carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (56% below the sector average of 7.9x). Net debt stands at $5.1B ($5.6B total debt minus $554M cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.83 | 0.83 | 0.70 | 0.70 | 0.83 | 0.96 | 0.59 | 0.50 | 0.55 | 0.51 | 0.56 |
| Debt / EBITDA | 3.45 | 3.45 | 3.13 | 3.32 | 10.65 | — | 2.98 | 2.60 | 2.77 | 2.59 | 3.00 |
| Net Debt / Equity | — | 0.75 | 0.53 | 0.60 | 0.71 | 0.59 | 0.38 | 0.30 | 0.42 | 0.46 | 0.52 |
| Net Debt / EBITDA | 3.11 | 3.11 | 2.38 | 2.86 | 9.08 | — | 1.92 | 1.56 | 2.13 | 2.33 | 2.82 |
| Debt / FCF | — | 5.36 | 4.56 | 4.51 | — | — | 4.09 | 2.78 | 3.19 | 4.35 | 7.57 |
| Interest Coverage | 4.07 | 4.07 | 4.42 | 4.97 | -1.31 | -6.03 | 3.60 | 3.01 | 4.05 | 4.44 | 2.70 |
HST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.65x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.96x to 0.65x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 1.07 | 0.96 | 1.66 | 1.55 | 1.45 | 6.13 | 3.15 | 1.54 | 0.96 |
| Quick Ratio | 0.65 | 0.65 | 1.07 | 0.96 | 1.66 | 1.55 | 1.45 | 5.51 | 2.72 | 1.26 | 0.66 |
| Cash Ratio | 0.40 | 0.40 | 0.78 | 0.47 | 1.00 | 1.45 | 1.26 | 4.48 | 2.00 | 0.76 | 0.44 |
| Asset Turnover | — | 0.44 | 0.43 | 0.40 | 0.23 | 0.13 | 0.44 | 0.46 | 0.46 | 0.48 | 0.45 |
| Inventory Turnover | 12.50 | — | — | — | — | — | — | 12.50 | 13.35 | 19.16 | 16.71 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
HST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Host Hotels & Resorts, Inc. returns 5.6% to shareholders annually — split between a 4.9% dividend yield and 0.7% buyback yield. The payout ratio exceeds 100% at 105.7%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 4.6% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.9% | 6.0% | 3.9% | 1.3% | — | 3.1% | 4.6% | 5.1% | 4.3% | 4.3% | 5.6% |
| Payout Ratio | 105.7% | 105.7% | 73.9% | 23.7% | — | — | 67.7% | 57.9% | 111.3% | 78.2% | 115.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 5.7% | 5.3% | 5.5% | — | — | 6.8% | 8.8% | 3.8% | 5.4% | 4.8% |
| FCF Yield | 6.5% | 7.7% | 5.7% | 7.9% | — | — | 5.1% | 6.7% | 6.5% | 5.4% | 4.3% |
| Buyback Yield | 0.7% | 0.9% | 1.3% | 0.2% | 0.0% | 1.6% | 3.6% | 0.0% | 0.0% | 1.6% | 5.8% |
| Total Shareholder Yield | 5.6% | 6.8% | 5.3% | 1.5% | 0.0% | 4.7% | 8.1% | 5.1% | 4.3% | 5.8% | 11.4% |
| Shares Outstanding | — | $706M | $713M | $718M | $710M | $706M | $731M | $741M | $739M | $744M | $753M |
Peer Comparison
Compare HST 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 |
|---|---|---|---|---|---|---|---|---|---|
 HSTYou | $15B | 21.5 | 12.1 | 15.4 | 53.4% | 15.4% | 10.2% | 5.9% | 3.4 |
 PK | $2B | -8.0 | 11.2 | 22.4 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 RHP | $7B | 28.7 | 13.9 | 29.4 | 9.9% | 18.9% | 22.7% | 8.2% | 5.6 |
 SHO | $2B | 236.9 | 13.0 | 24.1 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 DRH | $2B | 24.2 | 12.0 | 13.4 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
 PEB | $2B | -15.9 | 12.9 | 10.7 | -6.7% | 5.1% | -2.5% | 1.1% | 8.1 |
 XHR | $2B | 26.1 | 11.9 | 17.2 | 1.5% | 9.9% | 5.1% | 3.2% | 6.0 |
 APLE | $3B | 18.4 | 11.2 | 11.4 | 6.4% | 17.7% | 5.5% | 3.9% | 4.0 |
 HLT | $71B | 51.1 | 29.9 | 35.1 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 MAR | $94B | 37.4 | 24.9 | 29.2 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 H | $15B | -300.0 | 22.0 | 97.3 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full HST Stock Analysis
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Side-by-side business, growth, and profitability comparison vs Park Hotels & Resorts Inc..
Start ComparisonHST — Frequently Asked Questions
Quick answers to the most common questions about buying HST stock.
What is Host Hotels & Resorts, Inc.'s P/E ratio?
Host Hotels & Resorts, Inc.'s current P/E ratio is 21.5x. The historical average is 39.9x. This places it at the 60th percentile of its historical range.
What is Host Hotels & Resorts, Inc.'s EV/EBITDA?
Host Hotels & Resorts, Inc.'s current EV/EBITDA is 12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
What is Host Hotels & Resorts, Inc.'s ROE?
Host Hotels & Resorts, Inc.'s return on equity (ROE) is 10.2%. The historical average is 4.3%.
Is HST stock overvalued?
Based on historical data, Host Hotels & Resorts, Inc. is trading at a P/E of 21.5x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Host Hotels & Resorts, Inc.'s dividend yield?
Host Hotels & Resorts, Inc.'s current dividend yield is 4.90% with a payout ratio of 105.7%.
What are Host Hotels & Resorts, Inc.'s profit margins?
Host Hotels & Resorts, Inc. has 53.4% gross margin and 15.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Host Hotels & Resorts, Inc. have?
Host Hotels & Resorts, Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.