Sabra Health Care REIT, Inc. (SBRA) Financial Ratios
16 years of historical data (2010–2025) · Real Estate · REIT - Healthcare Facilities
EV/EBITDA
↑
15.63
+9% vs avg
5yr avg: 14.28
30Y Low9.1·High15.9
P/FCF
↑
13.11
+17% vs avg
5yr avg: 11.16
30Y Low6.5·High70.3
P/B Ratio
↑
1.57
↑+28% vs avg
5yr avg: 1.23
30Y Low0.6·High2.7
ROE
↑
5.6%
↓+472% vs avg
5yr avg: 1.0%
30Y Low-3%·High9%
Debt/EBITDA
↓
5.66
↓-5% vs avg
5yr avg: 5.95
30Y Low3.5·High8.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SBRA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sabra Health Care REIT, Inc. trades at 28.3x earnings, 72% below its 5-year average of 101.0x, sitting at the 46th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 18%. On a free-cash-flow basis, the stock trades at 13.1x P/FCF, 17% above the 5-year average of 11.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.6B | $4.6B | $4.1B | $3.3B | $2.9B | $3.0B | $3.6B | $4.0B | $2.9B | $2.0B | $1.6B |
| Enterprise Value | $7.0B | $7.1B | $6.5B | $5.7B | $5.4B | $5.3B | $6.0B | $6.4B | $6.1B | $4.9B | $2.8B |
| P/E Ratio → | 28.31 | 29.59 | 32.07 | 241.46 | — | — | 25.93 | 57.68 | 10.56 | 13.41 | 26.54 |
| P/S Ratio | 5.90 | 5.98 | 5.81 | 5.13 | 4.59 | 5.21 | 6.01 | 6.01 | 4.72 | 4.90 | 6.14 |
| P/B Ratio | 1.57 | 1.64 | 1.49 | 1.19 | 0.94 | 0.88 | 1.06 | 1.15 | 0.90 | 0.58 | 1.58 |
| P/FCF | 13.11 | 13.28 | 13.17 | 11.05 | 9.09 | 9.19 | 14.44 | 10.78 | 6.52 | — | 9.05 |
| P/OCF | 13.11 | 13.28 | 13.17 | 11.05 | 9.09 | 8.32 | 10.15 | 10.78 | 8.21 | 14.88 | 9.05 |
P/E links to full P/E history page with 30-year chart
SBRA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sabra Health Care REIT, Inc.'s enterprise value stands at 15.6x EBITDA, 9% above its 5-year average of 14.3x. The Real Estate sector median is 17.0x, placing the stock at a 8% 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 | — | 9.18 | 9.20 | 8.85 | 8.60 | 9.30 | 9.96 | 9.65 | 9.83 | 11.99 | 10.69 |
| EV / EBITDA | 15.63 | 15.77 | 15.17 | 14.15 | 12.71 | 13.59 | 14.33 | 9.10 | 9.99 | 12.54 | 10.97 |
| EV / EBIT | 26.71 | 26.35 | 26.64 | 44.49 | 184.50 | — | 24.90 | 18.63 | 14.27 | 19.65 | 20.46 |
| EV / FCF | — | 20.39 | 20.84 | 19.05 | 17.01 | 16.41 | 23.93 | 17.31 | 13.56 | — | 15.76 |
SBRA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sabra Health Care REIT, Inc. earns an operating margin of 34.1%, above the Real Estate sector average of 24.8%. ROE of 5.6% is modest. ROIC of 3.8% represents below-average 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 | 65.0% | 65.0% | 67.7% | 69.8% | 74.0% | 75.2% | 78.0% | 83.6% | 92.1% | 95.6% | 97.8% |
| Operating Margin | 34.1% | 34.1% | 36.5% | 34.2% | 37.6% | 37.0% | — | 79.0% | 49.2% | 55.3% | 61.8% |
| Net Profit Margin | 20.1% | 20.1% | 18.0% | 2.1% | -12.4% | -19.9% | 23.1% | 10.3% | 44.8% | 39.0% | 27.0% |
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 | 5.6% | 5.6% | 4.6% | 0.5% | -2.4% | -3.3% | 4.0% | 2.0% | 8.3% | 7.1% | 6.8% |
| ROA | 2.9% | 2.9% | 2.4% | 0.2% | -1.3% | -1.9% | 2.3% | 1.1% | 4.1% | 3.4% | 3.0% |
| ROIC | 3.8% | 3.8% | 3.7% | 3.1% | 3.1% | 2.8% | — | 6.4% | 3.6% | 4.0% | 5.2% |
| ROCE | 5.2% | 5.2% | 5.0% | 4.2% | 4.2% | 3.6% | — | 8.3% | 4.5% | 4.9% | 6.9% |
SBRA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sabra Health Care REIT, Inc. carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (29% below the sector average of 7.9x). Net debt stands at $2.5B ($2.6B total debt minus $72M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.90 | 0.89 | 0.87 | 0.83 | 0.72 | 0.71 | 0.71 | 0.99 | 0.99 | 1.19 |
| Debt / EBITDA | 5.66 | 5.66 | 5.73 | 6.04 | 6.03 | 6.27 | 5.84 | 3.50 | 5.27 | 8.75 | 4.77 |
| Net Debt / Equity | — | 0.88 | 0.87 | 0.86 | 0.82 | 0.69 | 0.69 | 0.70 | 0.98 | 0.84 | 1.17 |
| Net Debt / EBITDA | 5.50 | 5.50 | 5.59 | 5.94 | 5.91 | 5.98 | 5.68 | 3.43 | 5.19 | 7.42 | 4.67 |
| Debt / FCF | — | 7.11 | 7.68 | 8.00 | 7.92 | 7.23 | 9.49 | 6.53 | 7.04 | — | 6.70 |
| Interest Coverage | 2.40 | 2.40 | 2.11 | 1.14 | 0.28 | -0.13 | 2.39 | 2.73 | 2.92 | 2.80 | 2.10 |
SBRA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.56x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.78x to 0.56x 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 | 0.56 | 0.56 | 0.88 | 0.78 | 0.59 | 1.78 | — | — | 3.12 | 8.02 | 4.66 |
| Quick Ratio | 0.56 | 0.56 | 0.88 | 0.78 | 0.59 | 1.78 | — | — | 3.12 | 8.02 | 4.66 |
| Cash Ratio | 0.21 | 0.21 | 0.27 | 0.18 | 0.15 | 0.78 | — | — | 0.53 | 5.06 | 0.65 |
| Asset Turnover | — | 0.14 | 0.13 | 0.12 | 0.11 | 0.10 | 0.10 | 0.11 | 0.09 | 0.06 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SBRA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sabra Health Care REIT, Inc. returns 6.5% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 186.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.5% (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 | 6.5% | 6.3% | 6.9% | 8.4% | 9.7% | 8.9% | 7.7% | 8.4% | 11.0% | 9.2% | 7.5% |
| Payout Ratio | 186.0% | 186.0% | 221.1% | 2016.9% | — | — | 201.1% | 486.2% | 116.5% | 115.0% | 169.7% |
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 | 3.5% | 3.4% | 3.1% | 0.4% | — | — | 3.9% | 1.7% | 9.5% | 7.5% | 3.8% |
| FCF Yield | 7.6% | 7.5% | 7.6% | 9.0% | 11.0% | 10.9% | 6.9% | 9.3% | 15.3% | — | 11.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.0% | 0.0% | 0.0% | 4.9% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.5% | 6.3% | 6.9% | 8.4% | 9.8% | 8.9% | 7.7% | 8.4% | 15.9% | 9.2% | 7.5% |
| Shares Outstanding | — | $244M | $236M | $233M | $231M | $219M | $207M | $188M | $179M | $106M | $66M |
Peer Comparison
Compare SBRA 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 |
|---|---|---|---|---|---|---|---|---|---|
 SBRAYou | $5B | 28.3 | 15.6 | 13.1 | 65.0% | 34.1% | 5.6% | 3.8% | 5.7 |
 WELL | $145B | 148.7 | 64.6 | 50.8 | 39.2% | 3.3% | 2.5% | 0.5% | 8.6 |
 VTR | $39B | 151.1 | 23.2 | 29.5 | -5.9% | 14.2% | 2.1% | 2.5% | 6.0 |
 OHI | $13B | 23.0 | 16.3 | 15.1 | 44.5% | 62.6% | 11.6% | 6.0% | 4.0 |
 LTC | $2B | 14.4 | 16.4 | 13.7 | 75.1% | 48.2% | 10.7% | 5.1% | 5.1 |
 CTRE | $9B | 23.6 | 22.9 | 23.1 | 59.1% | 67.2% | 9.2% | 6.1% | 2.2 |
 NHI | $3B | 23.5 | 16.4 | 15.6 | 36.7% | 51.5% | 9.7% | 5.6% | 4.2 |
 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 |
 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 |
| 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 · 16 years · Updated daily
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SBRA — Frequently Asked Questions
Quick answers to the most common questions about buying SBRA stock.
What is Sabra Health Care REIT, Inc.'s P/E ratio?
Sabra Health Care REIT, Inc.'s current P/E ratio is 28.3x. The historical average is 32.7x. This places it at the 46th percentile of its historical range.
What is Sabra Health Care REIT, Inc.'s EV/EBITDA?
Sabra Health Care REIT, Inc.'s current EV/EBITDA is 15.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
What is Sabra Health Care REIT, Inc.'s ROE?
Sabra Health Care REIT, Inc.'s return on equity (ROE) is 5.6%. The historical average is 4.5%.
Is SBRA stock overvalued?
Based on historical data, Sabra Health Care REIT, Inc. is trading at a P/E of 28.3x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Sabra Health Care REIT, Inc.'s dividend yield?
Sabra Health Care REIT, Inc.'s current dividend yield is 6.53% with a payout ratio of 186.0%.
What are Sabra Health Care REIT, Inc.'s profit margins?
Sabra Health Care REIT, Inc. has 65.0% gross margin and 34.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Sabra Health Care REIT, Inc. have?
Sabra Health Care REIT, Inc.'s Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.