Ventas (VTR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ventas

NYSE•Real Estate•REIT - Healthcare Facilities

$84.80+1.09(0.01%)Market closed

Market Cap

$44.57B

P/E

164.1x

P/S

6.6x

P/B

2.8x

Ventas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company's growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas aims to deliver outsized performance by leveraging its operational expertise, data-driven insights from its Ventas OITM platform, extensive relationships and strong financial position. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities. Ventas, Inc. is based in Illinois, Chicago. Ventas, Inc. was incorporated in 1983 in Maryland.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Growth (20/25); weakest: Profitability (5/25).

Profitability5/25

Growth20/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality14/25

Strengths

Growing revenueCash-backed earningsImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 164.1x5y range 127.6x – 1538.1x

Currently near its 13-quarter median.

P/S · 6.6x5y range 3.7x – 6.8x

Currently above its 20-quarter median.

P/B · 2.8x5y range 1.5x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $44.57B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.78B
Q. Revenue: $1.83B
TTM EBITDA: $1.81B
TTM Op. Income: $218.57M
Q. Op. Income: $52.63M
TTM Net Income: $271.54M
Q. Net Income: $67.28M
EPS: $0.13
Shares Out.: $513.95M

$6.78B in TTM revenue grew 22.1% YoY, reaching $1.83B last quarter. TTM EBITDA of $1.81B and TTM operating income of $218.57M show growth is flowing through to the bottom line. TTM net income of $271.54M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 27.2%
Op. Margin: 2.9%
Net Margin: 3.7%

Op. margin of 2.9% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 3.7% Over the past year, operating margin is down 4% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 164.1x
P/S Ratio: 6.6x
P/B Ratio: 2.8x

At 164.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.6x and P/B of 2.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $30.63B
Cash: $202.01M
Long-Term Debt: $12.44B
Book Value: $15.81B
D/E Ratio: 0.8
Debt/EBITDA: 24.9

With $30.63B in assets and $12.44B in long-term debt, D/E is 0.8and book value is $15.81B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $489.60M
TTM Free Cash Flow: $-1.11B
FCF Margin: -16.3%
FCF / Net Income: -4.1

TTM FCF of $-1.11B on $489.60M in operating cash flow. The FCF / Net Income ratio of -4.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.