Latest Ratios: P/E Ratio -25.8x · EV/EBITDA 9.5x · ROE -0.6%. (2008–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $614M | $520M | $907M | $709M | $759M | $1.0B | $938M | $1.3B | $1.0B | $1.5B | $1.4B |
| Enterprise Value | $2.0B | $1.9B | $2.3B | $2.1B | $2.2B | $2.4B | $2.1B | $2.3B | $1.9B | $2.4B | $2.0B |
| P/E Ratio → | -25.77 | — | 36.05 | — | 519.42 | — | — | 18.98 | 11.06 | 19.28 | 16.03 |
| P/S Ratio | 0.84 | 0.71 | 1.24 | 0.96 | 1.12 | 2.82 | 4.00 | 2.33 | 1.78 | 2.95 | 2.95 |
| P/B Ratio | 0.48 | 0.41 | 0.65 | 0.51 | 0.52 | 0.92 | 0.89 | 1.03 | 0.85 | 1.19 | 1.38 |
| P/FCF | 8.35 | 7.07 | 11.77 | 4.62 | 8.15 | 15.44 | — | 14.38 | 10.63 | 13.85 | 14.66 |
| P/OCF | 4.12 | 3.49 | 5.45 | 4.62 | 4.48 | 15.44 | — | 8.64 | 6.25 | 10.34 | 10.15 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| 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 | 3.13 | 2.89 | 3.23 | 6.59 | 8.79 | 4.17 | 3.39 | 4.56 | 4.26 |
| EV / EBITDA | 9.48 | 9.04 | 9.15 | 10.15 | 10.03 | 32.82 | 9864.23 | 10.47 | 3.17 | 4.56 | 4.26 |
| EV / EBIT | 32.76 | 27.23 | 20.28 | 34.61 | 31.04 | — | — | 18.36 | 14.57 | 17.97 | 14.96 |
| EV / FCF | — | 25.86 | 29.70 | 13.85 | 23.46 | 36.12 | — | 25.70 | 20.25 | 21.43 | 21.13 |
Margins and return-on-capital ratios measuring operating efficiency
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 | -7.7% | -7.7% | 35.5% | 35.1% | 35.3% | 29.7% | 11.9% | 36.3% | 39.8% | 63.1% | 63.1% |
| Operating Margin | 8.4% | 8.4% | 14.1% | 8.0% | 10.0% | -9.2% | -46.7% | 21.7% | 22.1% | 16.3% | 17.4% |
| Net Profit Margin | -1.1% | -1.1% | 6.0% | -1.3% | 0.2% | -18.1% | -61.1% | 15.0% | 16.0% | 19.3% | 22.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.6% | -0.6% | 3.1% | -0.7% | 0.1% | -6.1% | -12.5% | 6.8% | 7.4% | 8.7% | 11.5% |
| ROA | -0.3% | -0.3% | 1.5% | -0.3% | 0.1% | -2.9% | -6.2% | 3.6% | 4.1% | 5.1% | 6.5% |
| ROIC | 1.7% | 1.7% | 2.8% | 1.5% | 1.9% | -1.1% | -3.7% | 4.1% | 4.5% | 3.4% | 3.9% |
| ROCE | 2.4% | 2.4% | 3.9% | 2.2% | 2.7% | -1.5% | -4.9% | 5.4% | 5.8% | 4.4% | 5.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 1.03 | 1.04 | 1.01 | 1.29 | 1.09 | 0.85 | 0.80 | 0.68 | 0.64 |
| Debt / EBITDA | 6.74 | 6.74 | 5.69 | 6.95 | 6.78 | 19.68 | 5473.84 | 4.81 | 1.58 | 1.68 | 1.38 |
| Net Debt / Equity | — | 1.08 | 1.00 | 1.02 | 0.98 | 1.23 | 1.07 | 0.81 | 0.77 | 0.65 | 0.61 |
| Net Debt / EBITDA | 6.56 | 6.56 | 5.53 | 6.76 | 6.54 | 18.79 | 5374.71 | 4.61 | 1.51 | 1.61 | 1.30 |
| Debt / FCF | — | 18.79 | 17.93 | 9.23 | 15.31 | 20.68 | — | 11.32 | 9.62 | 7.58 | 6.47 |
| Interest Coverage | 0.87 | 0.87 | 1.36 | 0.71 | 1.07 | -0.55 | -2.41 | 3.04 | 3.15 | 4.41 | 4.80 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.25 | 0.25 | 0.25 | 0.49 | 0.38 | 2.30 | 1.99 | 1.94 | 1.89 | 1.65 | 3.07 |
| Quick Ratio | 0.25 | 0.25 | 0.25 | 0.49 | 0.38 | 2.30 | 1.99 | 1.94 | 1.38 | 1.17 | 1.37 |
| Cash Ratio | 0.12 | 0.12 | 0.14 | 0.13 | 0.17 | 1.17 | 0.61 | 0.81 | 0.62 | 0.57 | 0.67 |
| Asset Turnover | — | 0.26 | 0.25 | 0.25 | 0.22 | 0.16 | 0.10 | 0.23 | 0.26 | 0.23 | 0.28 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 9.46 | 6.21 | 2.00 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 6.4% | 7.5% | 4.1% | 6.5% | 1.3% | 1.5% | 2.0% | 7.1% | 9.1% | 5.6% | 4.7% |
| Payout Ratio | — | — | 84.5% | — | 685.4% | — | — | 109.9% | 101.5% | 86.3% | 61.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.8% | — | 0.2% | — | — | 5.3% | 9.0% | 5.2% | 6.2% |
| FCF Yield | 12.0% | 14.1% | 8.5% | 21.7% | 12.3% | 6.5% | — | 7.0% | 9.4% | 7.2% | 6.8% |
| Buyback Yield | 2.9% | 3.4% | 0.1% | 0.2% | 0.3% | 0.3% | 0.1% | 0.1% | 0.3% | 0.1% | 0.1% |
| Total Shareholder Yield | 9.3% | 10.9% | 4.2% | 6.6% | 1.6% | 1.8% | 2.1% | 7.1% | 9.4% | 5.7% | 4.8% |
| Shares Outstanding | — | $107M | $132M | $106M | $105M | $104M | $104M | $104M | $104M | $100M | $87M |
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying INN stock.
Summit Hotel Properties, Inc.'s current P/E ratio is -25.8x. The historical average is 18.5x.
Summit Hotel Properties, Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
Summit Hotel Properties, Inc.'s return on equity (ROE) is -0.6%. The historical average is 0.1%.
Based on historical data, Summit Hotel Properties, Inc. is trading at a P/E of -25.8x. Compare with industry peers and growth rates for a complete picture.
Summit Hotel Properties, Inc.'s current dividend yield is 6.44%.
Summit Hotel Properties, Inc. has -7.7% gross margin and 8.4% operating margin.
Summit Hotel Properties, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative gross margin persists
Metrics are mathematically derived from official filings.
P/FFO Compression Signals Recovery
INN's P/FFO has compressed from 13.31x in Q2 2024 to 11.69x in Q2 2026, as reported in financial statements, suggesting the market is pricing in improved forward earnings power.
The steady decline in P/FFO over the past two years, from 13.31x to 11.69x, indicates that while FFO per share has been volatile, the market is assigning a lower multiple, possibly reflecting skepticism about earnings durability. However, the Q2 2026 EPS beat and raised guidance may justify a re-rating if the operational inflection proves sustainable. The implied cap rate, derived from NOI and enterprise value, appears attractive relative to private market transactions, but investors should monitor whether the rate-led RevPAR growth can translate into sustained FFO expansion.
NOI Margin Stability Masks Volatility
Excluding the Q4 2025 impairment-driven -139.4% NOI margin, property-level margins have held near 35%, as per SEC filings, indicating stable underlying profitability despite revenue headwinds.
The NOI margin has oscillated wildly, with a catastrophic -139.4% in Q4 2025, likely due to one-time impairments, but the core margin has consistently hovered around 35% in other quarters. This suggests that the operating model is fundamentally sound, but the negative gross margin of -7.7% and net margin of -1.1% highlight that depreciation and other non-cash charges continue to depress GAAP profitability. The Q2 2026 rate-led RevPAR growth of 5.0% with ADR up 7.1% may support margin expansion, but the flat TTM revenue growth (-0.3%) indicates that the improvement is recent and not yet reflected in annual figures.
AFFO Coverage Nears Self-Funding
In Q2 2026, AFFO of $21.3M covered dividends 1.13x, up from 0.89x in Q1, as reported in financial statements, suggesting improving distributable cash flow and a narrowing reliance on external sources.
The FFO payout ratio has improved from 46.9% in Q4 2025 to 21.3% in Q2 2026, and AFFO coverage has strengthened to 1.13x, indicating that the dividend is becoming more sustainable. However, the dividend yield of 6.0% is elevated, and the historical suspension of the common dividend suggests management prioritizes balance sheet flexibility. The near self-funding status is a positive sign, but the volatility in AFFO per share, which swung from $0.50 in Q4 2025 to $0.20 in Q2 2026, warrants monitoring to ensure the coverage ratio is not a one-quarter artifact.
Leverage Creeps Higher, Coverage Thin
Debt-to-equity rose from 0.97 in Q2 2024 to 1.12 in Q2 2026, as per SEC filings, while interest coverage of 1.24x remains thin, indicating elevated financial risk.
The D/E ratio has steadily increased over the past two years, and the reported 1.11% debt-to-equity figure in the data appears anomalous, likely a data error, but the trend is clear: leverage is rising. Interest coverage of 1.24x in Q2 2026 is barely above 1.0x, suggesting that operating income is only marginally sufficient to cover interest expenses. This leaves little room for adverse rate movements or operational downturns. The company's joint venture with GIC may provide some off-balance-sheet flexibility, but the on-balance-sheet debt load remains a concern, especially if the rate-led RevPAR growth does not persist.
Occupancy and G&A Efficiency Stable
Occupancy remained flat year-over-year in Q2 2026, while G&A costs as a percentage of revenue appear controlled, as reported in financial statements, suggesting operational discipline.
The portfolio's occupancy stability, despite a 7.1% increase in ADR, indicates that the company is achieving rate-led growth without sacrificing demand, a positive sign for pricing power. The select-service model's lean staffing structure likely contributes to G&A efficiency, but the negative gross margin suggests that property-level costs, including labor and insurance, are pressuring profitability. The geographic diversification across 23 states mitigates concentration risk, but the Sunbelt and suburban focus may expose the portfolio to different demand dynamics than gateway cities, which could be a vulnerability if corporate travel patterns shift.
P/E Misleads on Hotel REIT Value
The standard P/E ratio of -27.45 is meaningless for INN due to heavy depreciation charges, as per financial statements, obscuring the underlying cash-generative nature of the business.
For hotel REITs, P/E is distorted by non-cash depreciation, which depresses net income even when cash flows are healthy. INN's negative net margin and P/E reflect this accounting artifact, not operational weakness. Investors should instead focus on P/FFO and P/AFFO, which adjust for depreciation and other non-cash items. The current P/FFO of 11.69x is more informative, but even this metric can be skewed by volatile FFO per share. A more robust approach is to evaluate the implied cap rate (NOI/enterprise value) and compare it to private market transactions, which provides a clearer picture of relative value.