30 years of historical data (1996–2025) · 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
LTC Properties, Inc. trades at 15.7x earnings, 6% below its 5-year average of 16.8x, sitting at the 38th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a discount of 33%. On a free-cash-flow basis, the stock trades at 14.1x P/FCF, 7% above 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 | $2.6B | $2.2B | $2.2B | $2.2B | $2.2B | $2.1B | $2.2B | $2.5B | $2.3B | $2.4B | $2.4B |
| P/E Ratio → | 15.75 | 13.64 | 16.94 | 14.87 | 14.33 | 24.21 | 16.08 | 22.16 | 10.71 | 19.80 | 21.26 |
| P/S Ratio | 7.32 | 6.09 | 7.28 | 6.73 | 8.13 | 8.61 | 9.59 | 9.61 | 9.85 | 10.27 | 11.22 |
| P/B Ratio | 1.59 | 1.38 | 1.45 | 1.45 | 1.67 | 1.79 | 1.97 | 2.27 | 1.99 | 2.28 | 1.35 |
| P/FCF | 14.15 | 11.77 | 12.21 | 12.72 | 14.74 | 14.66 | 13.20 | 14.96 | 14.53 | 16.53 | 17.39 |
| P/OCF | 14.15 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
LTC Properties, Inc.'s enterprise value stands at 10.4x EBITDA, 36% below its 5-year average of 16.3x. The Real Estate sector median is 13.6x, placing the stock at a 24% 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 | — | 8.48 | 10.50 | 11.15 | 12.45 | 13.23 | 13.61 | 13.32 | 13.66 | 14.21 | 14.94 |
| EV / EBITDA | 10.35 | 9.04 | 17.11 | 17.27 | 15.97 | 22.07 | 16.11 | 20.39 | 12.14 | 19.47 | 20.14 |
| EV / EBIT | 12.23 | 14.57 | 16.30 | 15.88 | 16.52 | 24.57 | 17.30 | 22.15 | 12.43 | 20.36 | 21.65 |
| EV / FCF | — | 16.40 | 17.61 | 21.07 | 22.58 | 22.53 | 18.74 | 20.76 | 20.15 | 22.88 | 23.15 |
Margins and return-on-capital ratios measuring operating efficiency
LTC Properties, Inc. earns an operating margin of 79.4%, significantly above the Real Estate sector average of 22.0%. Operating margins have expanded from 45.6% to 79.4% over the past 3 years, signaling improving operational efficiency. ROE of 10.7% is modest. ROIC of 8.9% represents adequate returns on invested capital.
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 | 96.9% | 96.9% | 93.8% | 93.3% | 91.2% | 90.1% | 90.5% | 91.0% | 100.0% | 100.0% | 83.6% |
| Operating Margin | 79.4% | 79.4% | 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% |
| 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 | 8.9% | 8.9% | 3.9% | 4.0% | 4.8% | 2.9% | 5.0% | 4.2% | 7.9% | 3.8% | 4.0% |
| ROCE | 13.9% | 13.9% | 6.0% | 5.8% | 6.4% | 3.8% | 6.6% | 5.5% | 10.5% | 6.1% | 6.5% |
Solvency and debt-coverage ratios — lower is generally safer
LTC Properties, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (61% below the sector average of 6.7x). Net debt stands at $630M ($644M total debt minus $14M cash). Interest coverage of 5.9x 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 | 0.55 | 0.55 | 0.65 | 0.97 | 0.90 | 0.97 | 0.84 | 0.88 | 0.77 | 0.88 | 0.45 |
| Debt / EBITDA | 2.61 | 2.61 | 5.32 | 7.00 | 5.62 | 7.76 | 4.82 | 5.73 | 3.40 | 5.44 | 5.08 |
| Net Debt / Equity | — | 0.54 | 0.64 | 0.95 | 0.89 | 0.96 | 0.83 | 0.88 | 0.77 | 0.87 | 0.45 |
| Net Debt / EBITDA | 2.55 | 2.55 | 5.24 | 6.84 | 5.55 | 7.71 | 4.76 | 5.69 | 3.39 | 5.40 | 5.02 |
| Debt / FCF | — | 4.63 | 5.39 | 8.34 | 7.84 | 7.87 | 5.54 | 5.79 | 5.62 | 6.34 | 5.77 |
| Interest Coverage | 5.91 | 5.91 | 2.29 | 1.91 | 3.15 | 2.00 | 3.22 | 2.68 | 5.04 | 2.84 | 3.18 |
Short-term solvency ratios and asset-utilisation metrics
LTC Properties, Inc.'s current ratio of 2.51x 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 2.42x to 2.51x 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 | 2.51 | 2.51 | 4.29 | 2.42 | 16.21 | 12.13 | 2.32 | 3.43 | 10.19 | 8.94 | 7.53 |
| Quick Ratio | 2.51 | 2.51 | 4.29 | 2.37 | 15.93 | 12.13 | 2.32 | 3.43 | 10.02 | 8.85 | 7.53 |
| Cash Ratio | 1.89 | 1.89 | 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 | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LTC Properties, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | 6.6% | 7.1% | 6.4% | 6.8% | 5.9% | 5.1% | 5.4% | 5.2% | 4.7% |
| Payout Ratio | — | — | 110.4% | 105.6% | 91.5% | 162.0% | 94.7% | — | 58.3% | 103.3% | 99.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 7.3% | 5.9% | 6.7% | 7.0% | 4.1% | 6.2% | 4.5% | 9.3% | 5.1% | 4.7% |
| FCF Yield | 7.1% | 8.5% | 8.2% | 7.9% | 6.8% | 6.8% | 7.6% | 6.7% | 6.9% | 6.0% | 5.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 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 |
Compare LTC 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 |
|---|---|---|---|---|---|---|---|---|---|
| LTCYou | $2B | 15.7 | 10.4 | 14.1 | 96.9% | 79.4% | 10.7% | 8.9% | 2.6 |
| OHI | $13B | 31.1 | 18.5 | 18.0 | 98.6% | 62.7% | 9.6% | 5.7% | 5.0 |
| CTRE | $9B | 25.9 | 15.7 | 23.0 | 98.9% | 98.7% | 9.2% | 10.1% | — |
| SBRA | $5B | — | 18.7 | 14.8 | — | — | 5.6% | — | 3.7 |
| NHI | $4B | 27.8 | -0.2 | 17.2 | — | — | 9741.4% | — | — |
| STRW | $168M | 22.5 | 8.3 | 4.8 | 87.0% | 52.4% | 6.3% | 7.2% | 7.0 |
| 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 · 30 years · Updated daily
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Start ComparisonLTC Properties, Inc.'s current P/E ratio is 15.7x. The historical average is 18.2x. This places it at the 38th percentile of its historical range.
LTC Properties, Inc.'s current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
LTC Properties, Inc.'s return on equity (ROE) is 10.7%. The historical average is 9.8%.
Based on historical data, LTC Properties, Inc. is trading at a P/E of 15.7x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
LTC Properties, Inc. has 96.9% gross margin and 79.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
LTC Properties, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.