LTC Properties, Inc. (LTC) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Healthcare Facilities
EV/EBITDA
↓
16.35
-6% vs avg
5yr avg: 17.44
30Y Low2.8·High29.3
P/FCF
↓
13.69
+4% vs avg
5yr avg: 13.22
30Y Low2.3·High18.2
P/B Ratio
↓
1.46
-6% vs avg
5yr avg: 1.55
30Y Low0.2·High2.4
ROE
↑
10.7%
↓+7% vs avg
5yr avg: 10.0%
30Y Low-1%·High19%
Debt/EBITDA
↓
5.13
↓-17% vs avg
5yr avg: 6.17
30Y Low0.1·High13.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LTC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LTC Properties, Inc. trades at 14.4x earnings, 14% below its 5-year average of 16.8x, sitting at the 31st percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 40%. On a free-cash-flow basis, the stock trades at 13.7x P/FCF, roughly in line with the 5-year average of 13.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.6B | $1.5B | $1.3B | $1.4B | $1.3B | $1.5B | $1.8B | $1.7B | $1.7B | $1.8B |
| Enterprise Value | $2.7B | $2.4B | $2.2B | $2.2B | $2.2B | $2.1B | $2.2B | $2.5B | $2.3B | $2.4B | $2.4B |
| P/E Ratio → | 14.43 | 13.64 | 16.94 | 14.87 | 14.33 | 24.21 | 16.08 | 22.16 | 10.71 | 19.80 | 21.26 |
| P/S Ratio | 7.08 | 6.09 | 7.28 | 6.73 | 8.13 | 8.61 | 9.59 | 9.61 | 9.85 | 10.27 | 11.22 |
| P/B Ratio | 1.46 | 1.38 | 1.45 | 1.45 | 1.67 | 1.79 | 1.97 | 2.27 | 1.99 | 2.28 | 1.35 |
| P/FCF | 13.69 | 11.77 | 12.21 | 12.72 | 14.74 | 14.66 | 13.20 | 14.96 | 14.53 | 16.53 | 17.39 |
| P/OCF | 13.69 | 11.77 | 12.21 | 12.72 | 13.48 | 14.66 | 13.16 | 14.61 | 14.37 | 16.39 | 17.15 |
P/E links to full P/E history page with 30-year chart
LTC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LTC Properties, Inc.'s enterprise value stands at 16.4x EBITDA, 6% below its 5-year average of 17.4x. This is roughly in line with the Real Estate sector median of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.25 | 10.50 | 11.15 | 12.45 | 13.23 | 13.61 | 13.32 | 13.66 | 14.21 | 14.94 |
| EV / EBITDA | 16.35 | 14.77 | 17.11 | 17.27 | 15.97 | 22.07 | 16.11 | 20.39 | 12.14 | 19.47 | 20.14 |
| EV / EBIT | 21.24 | 15.25 | 16.30 | 15.88 | 16.52 | 24.57 | 17.30 | 22.15 | 12.43 | 20.36 | 21.65 |
| EV / FCF | — | 17.88 | 17.61 | 21.07 | 22.58 | 22.53 | 18.74 | 20.76 | 20.15 | 22.88 | 23.15 |
LTC Profitability
Margins and return-on-capital ratios measuring operating efficiency
LTC Properties, Inc. earns an operating margin of 48.2%, significantly above the Real Estate sector average of 24.8%. Operating margins have expanded from 45.6% to 48.2% over the past 3 years, signaling improving operational efficiency. ROE of 10.7% is modest. ROIC of 5.1% represents adequate 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 | 75.1% | 75.1% | 93.8% | 93.3% | 91.2% | 90.1% | 90.5% | 91.0% | 100.0% | 100.0% | 83.6% |
| Operating Margin | 48.2% | 48.2% | 44.0% | 45.6% | 56.6% | 35.3% | 60.0% | 44.2% | 90.3% | 50.6% | 52.0% |
| Net Profit Margin | 44.9% | 44.9% | 43.4% | 45.5% | 57.1% | 36.0% | 59.8% | 43.5% | 91.9% | 52.0% | 52.7% |
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 | 10.7% | 10.7% | 9.2% | 10.2% | 12.5% | 7.3% | 12.2% | 10.0% | 19.5% | 8.3% | 8.5% |
| ROA | 6.1% | 6.1% | 5.0% | 5.1% | 6.3% | 3.8% | 6.4% | 5.3% | 10.4% | 6.1% | 6.4% |
| ROIC | 5.1% | 5.1% | 3.9% | 4.0% | 4.8% | 2.9% | 5.0% | 4.2% | 7.9% | 3.8% | 4.0% |
| ROCE | 7.0% | 7.0% | 6.0% | 5.8% | 6.4% | 3.8% | 6.6% | 5.5% | 10.5% | 6.1% | 6.5% |
LTC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LTC Properties, Inc. carries a Debt/EBITDA ratio of 5.1x, which is highly leveraged (35% below the sector average of 7.9x). Net debt stands at $830M ($845M total debt minus $14M cash). Interest coverage of 4.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.73 | 0.73 | 0.65 | 0.97 | 0.90 | 0.97 | 0.84 | 0.88 | 0.77 | 0.88 | 0.45 |
| Debt / EBITDA | 5.13 | 5.13 | 5.32 | 7.00 | 5.62 | 7.76 | 4.82 | 5.73 | 3.40 | 5.44 | 5.08 |
| Net Debt / Equity | — | 0.71 | 0.64 | 0.95 | 0.89 | 0.96 | 0.83 | 0.88 | 0.77 | 0.87 | 0.45 |
| Net Debt / EBITDA | 5.04 | 5.04 | 5.24 | 6.84 | 5.55 | 7.71 | 4.76 | 5.69 | 3.39 | 5.40 | 5.02 |
| Debt / FCF | — | 6.11 | 5.39 | 8.34 | 7.84 | 7.87 | 5.54 | 5.79 | 5.62 | 6.34 | 5.77 |
| Interest Coverage | 4.51 | 4.51 | 3.35 | 2.95 | 4.20 | 3.05 | 4.22 | 3.64 | 6.14 | 3.92 | 4.22 |
LTC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.63x means LTC Properties, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.42x to 1.63x 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 | 1.63 | 1.63 | 4.29 | 2.42 | 16.21 | 12.13 | 2.32 | 3.43 | 10.19 | 8.94 | 7.53 |
| Quick Ratio | 1.63 | 1.63 | 4.29 | 2.37 | 15.93 | 12.13 | 2.32 | 3.43 | 10.02 | 8.85 | 7.53 |
| Cash Ratio | 0.28 | 0.28 | 0.05 | 0.06 | 0.27 | 0.14 | 0.23 | 0.12 | 0.07 | 0.13 | 0.18 |
| Asset Turnover | — | 0.13 | 0.12 | 0.11 | 0.11 | 0.10 | 0.11 | 0.12 | 0.11 | 0.11 | 0.12 |
| Inventory Turnover | — | — | 19.30 | 0.72 | 1.45 | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LTC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LTC Properties, Inc. returns 6.6% to shareholders annually — split between a 6.3% dividend yield and 0.3% buyback yield. The payout ratio of 91.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 6.9% (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 | 6.3% | 6.7% | 6.6% | 7.1% | 6.4% | 6.8% | 5.9% | 5.1% | 5.4% | 5.2% | 4.7% |
| Payout Ratio | 91.0% | 91.0% | 110.4% | 105.6% | 91.5% | 162.0% | 94.7% | — | 58.3% | 103.3% | 99.4% |
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 | 6.9% | 7.3% | 5.9% | 6.7% | 7.0% | 4.1% | 6.2% | 4.5% | 9.3% | 5.1% | 4.7% |
| FCF Yield | 7.3% | 8.5% | 8.2% | 7.9% | 6.8% | 6.8% | 7.6% | 6.7% | 6.9% | 6.0% | 5.8% |
| Buyback Yield | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.3% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.6% | 7.0% | 6.6% | 7.1% | 6.4% | 7.0% | 7.1% | 5.1% | 5.4% | 5.2% | 4.7% |
| Shares Outstanding | — | $47M | $44M | $41M | $40M | $39M | $39M | $40M | $40M | $40M | $39M |
Peer Comparison
Compare LTC 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 |
|---|---|---|---|---|---|---|---|---|---|
 LTCYou | $2B | 14.4 | 16.4 | 13.7 | 75.1% | 48.2% | 10.7% | 5.1% | 5.1 |
 NHI | $3B | 23.5 | 16.4 | 15.6 | 36.7% | 51.5% | 9.7% | 5.6% | 4.2 |
 SBRA | $5B | 28.3 | 15.6 | 13.1 | 65.0% | 34.1% | 5.6% | 3.8% | 5.7 |
 CTRE | $9B | 23.6 | 22.9 | 23.1 | 59.1% | 67.2% | 9.2% | 6.1% | 2.2 |
 GMRE | $94M | 115.3 | 8.3 | — | — | — | -2.2% | — | — |
 CHCT | $498M | 225.2 | 16.2 | 8.8 | 8.7% | 16.7% | 1.1% | 1.6% | 8.4 |
 VTR | $39B | 151.1 | 23.2 | 29.5 | -5.9% | 14.2% | 2.1% | 2.5% | 6.0 |
 WELL | $145B | 148.7 | 64.6 | 50.8 | 39.2% | 3.3% | 2.5% | 0.5% | 8.6 |
 OHI | $13B | 23.0 | 16.3 | 15.1 | 44.5% | 62.6% | 11.6% | 6.0% | 4.0 |
 HR | $7B | -27.9 | 16.7 | 54.4 | -33.6% | 8.0% | -4.9% | 0.7% | 6.3 |
 DOC | $14B | 195.6 | 14.7 | 11.9 | 22.5% | 19.3% | 0.8% | 2.3% | 6.5 |
| 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 · 30 years · Updated daily
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LTC — Frequently Asked Questions
Quick answers to the most common questions about buying LTC stock.
What is LTC Properties, Inc.'s P/E ratio?
LTC Properties, Inc.'s current P/E ratio is 14.4x. The historical average is 18.2x. This places it at the 31th percentile of its historical range.
What is LTC Properties, Inc.'s EV/EBITDA?
LTC Properties, Inc.'s current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is LTC Properties, Inc.'s ROE?
LTC Properties, Inc.'s return on equity (ROE) is 10.7%. The historical average is 9.8%.
Is LTC stock overvalued?
Based on historical data, LTC Properties, Inc. is trading at a P/E of 14.4x. This is at the 31th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LTC Properties, Inc.'s dividend yield?
LTC Properties, Inc.'s current dividend yield is 6.34% with a payout ratio of 91.0%.
What are LTC Properties, Inc.'s profit margins?
LTC Properties, Inc. has 75.1% gross margin and 48.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does LTC Properties, Inc. have?
LTC Properties, Inc.'s Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.