Apple Hospitality REIT, Inc. (APLE) Key Metrics
APLE valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $4.03B
- Enterprise value
- $5.34B
- P/E (TTM)
- 23.0 10-yr median 21.5
- Forward P/E
- 23.5
- PEG ratio
- —
- Price / sales
- 2.8 10-yr median 2.9
- Price / book
- 1.2 10-yr median 1.1
- EV / EBITDA
- 11.8 10-yr median 12.7
- Dividend yield
- 5.63% $0.96 a year
- Beta
- 0.93
APLE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAPLE valuation Price multiples at each fiscal year-end price.
APLE returns How much profit the business earns on the capital it uses.
APLE per-share figures Results divided by the shares outstanding at year-end.
APLE financial health Debt, liquidity and how easily interest is covered.
APLE efficiency & capital use Working capital cycle and where the cash goes.
APLE valuation history
APLE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
APLE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
APLE cash returned to shareholders
APLE price vs earnings per share
APLE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.82B | $3.70B | $3.81B | $3.61B | $3.66B | $2.89B | $3.64B | $3.27B | $4.38B | $3.81B |
| Enterprise value | $4.55B | $5.28B | $5.28B | $5.09B | $5.20B | $4.58B | $5.39B | $4.92B | $5.58B | $5.12B |
| P/E ratio | 16.1 | 17.3 | 21.5 | 24.9 | 194.2 | — | 21.2 | 15.9 | 24.0 | 26.4 |
| Price / sales | 2.0 | 2.6 | 2.8 | 2.9 | 3.9 | 4.8 | 2.9 | 2.6 | 3.5 | 3.7 |
| Price / book | 0.9 | 1.1 | 1.1 | 1.1 | 1.2 | 1.0 | 1.1 | 1.0 | 1.2 | 1.1 |
| Price / free cash flow | 10.0 | 11.4 | 11.6 | 11.7 | 18.3 | — | 11.9 | 9.9 | 13.6 | 14.3 |
| Price / operating cash flow | 7.6 | 9.1 | 9.5 | 9.8 | 16.8 | 108.0 | 9.5 | 8.1 | 11.4 | 11.5 |
| EV / sales | 3.2 | 3.7 | 3.9 | 4.1 | 5.6 | 7.6 | 4.3 | 3.9 | 4.5 | 4.9 |
| EV / EBITDA | 9.9 | 10.9 | 12.3 | 13.1 | 19.2 | 46.9 | 12.6 | 11.2 | 12.8 | 13.7 |
| EV / free cash flow | 16.1 | 16.2 | 16.2 | 16.5 | 26.1 | — | 17.6 | 14.9 | 17.3 | 19.2 |
| Earnings yield | 6.2% | 5.8% | 4.7% | 4.0% | 0.5% | −6.0% | 4.7% | 6.3% | 4.2% | 3.8% |
| Free cash flow yield | 10.0% | 8.8% | 8.6% | 8.6% | 5.5% | −0.8% | 8.4% | 10.1% | 7.3% | 7.0% |
| Dividend yield | 8.5% | 6.6% | 6.3% | 3.9% | 0.2% | 2.3% | 7.4% | 8.4% | 6.1% | 6.0% |
| Shareholder yield (dividends + buybacks) | 10.8% | 7.5% | 6.4% | 4.1% | 0.3% | 2.9% | 7.5% | 11.7% | 6.1% | 6.3% |
| Share price at fiscal year-end | $11.85 | $15.35 | $16.61 | $15.78 | $16.15 | $12.91 | $16.25 | $14.26 | $19.61 | $19.98 |
| Per share | ||||||||||
| Revenue per share | $5.94 | $5.93 | $5.86 | $5.41 | $4.13 | $2.69 | $5.66 | $5.53 | $5.54 | $5.45 |
| Earnings per share | $0.74 | $0.89 | $0.77 | $0.63 | $0.08 | −$0.77 | $0.77 | $0.90 | $0.82 | $0.76 |
| Operating cash flow per share | $1.56 | $1.68 | $1.74 | $1.61 | $0.96 | $0.12 | $1.70 | $1.76 | $1.72 | $1.74 |
| Free cash flow per share | $1.19 | $1.35 | $1.43 | $1.35 | $0.88 | −$0.10 | $1.37 | $1.44 | $1.44 | $1.40 |
| Cash per share | $0.17 | $0.04 | $0.04 | $0.02 | $0.01 | $0.02 | −$0.97 | $0.15 | $0.13 | $0.15 |
| Book value per share | $13.24 | $13.54 | $14.49 | $13.88 | $13.90 | $13.55 | $14.70 | $14.84 | $15.98 | $18.43 |
| Tangible book value per share | $13.24 | $13.54 | $14.49 | $13.88 | $13.90 | $13.55 | $14.70 | $14.73 | $15.85 | $18.28 |
| Dividends per share | $1.01 | $1.01 | $1.04 | $0.61 | $0.03 | $0.30 | $1.20 | $1.20 | $1.20 | $1.20 |
| Capex per share | $0.37 | $0.33 | $0.31 | $0.26 | $0.08 | $0.22 | $0.33 | $0.32 | $0.28 | $0.34 |
| Debt per share | $7.46 | $6.56 | $6.47 | $6.46 | $6.85 | $7.62 | $6.86 | $7.32 | $5.47 | $7.01 |
| Shares outstanding | 237.8M | 241.3M | 229.3M | 228.9M | 226.4M | 223.5M | 223.9M | 229.7M | 223.5M | 190.9M |
| Change in shares outstanding | −1.4% | +5.2% | +0.2% | +1.1% | +1.3% | −0.2% | −2.5% | +2.7% | +17.1% | +5.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.5% | 6.5% | 5.5% | 4.6% | 0.6% | −5.5% | 5.1% | 5.9% | 5.1% | 4.7% |
| Return on invested capital (ROIC) | 5.1% | 6.0% | 5.2% | 4.4% | 1.8% | −1.7% | 4.6% | 5.2% | 4.5% | 4.1% |
| Return on assets (ROA) | 3.6% | 4.3% | 3.7% | 3.0% | 0.4% | −3.5% | 3.5% | 4.2% | 3.7% | 3.3% |
| Return on tangible assets | 3.6% | 4.3% | 3.6% | 3.0% | 0.4% | −3.6% | 3.5% | 4.2% | 3.7% | 2.9% |
| Free cash flow margin | 20.0% | 22.7% | 24.3% | 25.0% | 21.3% | −3.6% | 24.2% | 26.0% | 26.0% | 25.6% |
| Income quality (OCF / net income) | 2.11 | 1.89 | 2.25 | 2.54 | 11.56 | — | 2.22 | 1.96 | 2.11 | 2.30 |
| Financial health | ||||||||||
| Total debt | $1.77B | $1.58B | $1.48B | $1.48B | $1.55B | $1.70B | $1.54B | $1.68B | $1.22B | $1.34B |
| Cash & short-term investments | $39.4M | $10.3M | $10.3M | $4.1M | $3.3M | $5.6M | −$216.6M | $33.6M | $29.8M | $29.4M |
| Net debt | $1.73B | $1.57B | $1.47B | $1.47B | $1.55B | $1.70B | $1.75B | $1.65B | $1.19B | $1.31B |
| Debt / equity | 0.56 | 0.48 | 0.45 | 0.47 | 0.49 | 0.56 | 0.47 | 0.49 | 0.34 | 0.38 |
| Debt / assets | 0.36 | 0.32 | 0.30 | 0.31 | 0.32 | 0.35 | 0.31 | 0.34 | 0.25 | 0.27 |
| Net debt / EBITDA | 3.78 | 3.25 | 3.42 | 3.80 | 5.70 | 17.36 | 4.11 | 3.73 | 2.75 | 3.50 |
| Current ratio | 0.27 | 0.47 | 0.73 | 0.75 | 0.47 | 0.30 | 0.45 | 0.58 | 0.28 | 0.25 |
| Quick ratio | 0.27 | 0.47 | 0.73 | 0.75 | −0.22 | −0.14 | −1.52 | −0.00 | −0.00 | 0.25 |
| Interest coverage | 2.8 | 3.8 | 3.6 | 3.5 | 1.3 | -1.4 | 3.8 | 5.0 | 4.5 | 4.6 |
| Working capital | −$200.2M | −$107.9M | −$34.6M | −$29.2M | −$88.7M | −$141.8M | −$91.6M | −$44.7M | −$154.7M | −$295.0M |
| Invested capital | $4.88B | $4.84B | $4.80B | $4.65B | $4.69B | $4.73B | $5.04B | $5.06B | $4.76B | $4.83B |
| Tangible asset value | $3.15B | $3.27B | $3.32B | $3.18B | $3.15B | $3.03B | $3.29B | $3.38B | $3.54B | $3.49B |
| Net current asset value | −$1.68B | −$1.61B | −$1.52B | −$1.51B | −$1.56B | −$1.74B | −$1.58B | −$1.46B | −$1.27B | −$1.36B |
| Graham number | $14.82 | $16.44 | $15.89 | $14.06 | $5.10 | — | $15.93 | $17.31 | $17.13 | $17.73 |
| Graham net-net per share | −$7.10 | −$6.91 | −$6.87 | −$6.80 | −$6.85 | −$7.75 | −$7.53 | −$6.24 | −$5.58 | −$7.35 |
| Capital allocation | ||||||||||
| Dividends paid | $240.4M | $243.7M | $238.3M | $139.5M | $6.8M | $67.4M | $268.7M | $275.9M | $267.9M | $229.1M |
| Share buybacks (net) | $62.8M | $35.1M | $6.9M | $9.3M | $3.3M | $17.2M | $4.9M | $105.8M | $692,000 | $9.3M |
| Dividend payout ratio | 137.1% | 113.9% | 134.3% | 96.3% | 36.1% | — | 156.3% | 133.9% | 146.8% | 158.3% |
| Dividends + buybacks / free cash flow | 107.2% | 85.8% | 75.0% | 48.1% | 5.1% | — | 89.2% | 115.5% | 83.6% | 89.3% |
| Capex / revenue | 6.2% | 5.6% | 5.4% | 4.8% | 2.0% | 8.1% | 5.9% | 5.8% | 5.1% | 6.3% |
| Capex / operating cash flow | 23.6% | 19.8% | 18.1% | 16.1% | 8.4% | 181.7% | 19.6% | 18.4% | 16.5% | 19.6% |
| Capex / depreciation | 0.45 | 0.42 | 0.39 | 0.33 | 0.10 | 0.24 | 0.39 | 0.40 | 0.36 | 0.44 |
| Stock-based compensation / revenue | — | — | 0.0% | 0.3% | 1.7% | 1.3% | 0.6% | 0.3% | 0.5% | 0.3% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 2.3% | 11.8% | 12.3% | 11.9% | 12.9% | 15.0% | 11.9% | 10.2% | 10.3% | 9.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 8.8 | 9.0 | 10.8 | 12.3 | 12.2 | 14.9 | 8.1 | 8.7 | 10.8 | 11.6 |
| Days of inventory on hand | — | — | — | — | 61.8 | 158.1 | 103.4 | 32.7 | 14.0 | — |
| Days payables outstanding | 31.0 | 49.7 | 52.2 | 48.6 | 56.6 | 80.6 | 59.0 | 42.0 | 22.4 | 33.5 |
| Cash conversion cycle (days) | -22.3 | -40.6 | -41.4 | -36.3 | 17.3 | 92.4 | 52.5 | -0.5 | 2.4 | -15.2 |
| Receivables turnover | 41.56 | 40.35 | 33.69 | 29.70 | 30.03 | 24.53 | 45.22 | 41.76 | 33.74 | 31.35 |
| Payables turnover | 11.76 | 7.35 | 6.99 | 7.51 | 6.45 | 4.53 | 6.18 | 8.70 | 16.28 | 10.89 |
| Inventory turnover | — | — | — | — | 5.91 | 2.31 | 3.53 | 11.17 | 26.02 | — |
| Asset turnover | 0.29 | 0.29 | 0.28 | 0.26 | 0.19 | 0.12 | 0.26 | 0.26 | 0.25 | 0.24 |
| Average receivables | $34.0M | $35.5M | $39.9M | $41.7M | $31.1M | $24.5M | $28.0M | $30.4M | $36.7M | $33.2M |
| Average payables | $112.5M | $125.5M | $123.0M | $104.4M | $95.3M | $106.1M | $110.9M | $80.0M | $49.2M | $61.7M |
| Average inventory | — | — | — | — | $104.0M | $208.2M | $194.3M | $62.3M | $30.8M | $12.4M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.6% | 0.6% |
Computed from APLE's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
APLE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Apple Hospitality REIT traded at 16.1 times earnings, against a 10-year median of 21.5. Based on the latest twelve months, the trailing P/E is 23.0 and the forward P/E is 23.5. Apple Hospitality REIT earned a return on equity of 5.5% and a return on invested capital of 5.1% in fiscal 2025. It ended the year with $1.8 billion of debt and $39.4 million in cash and short-term investments, net debt of $1.7 billion. It returned $303.2 million to shareholders: $240.4 million in dividends and $62.8 million in share buybacks, 107% of free cash flow. The share count rose 24.6% from 190.9M to 237.8M over 9 years.
See the APLE income statement, the APLE chart for price history, or the APLE stock overview for the latest quote and news.
APLE key metrics FAQ
What is Apple Hospitality REIT's P/E ratio?
Apple Hospitality REIT's trailing P/E ratio is 23.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 23.5. At the end of fiscal 2025 it was 16.1, compared with a 10-year median of 21.5.
What is Apple Hospitality REIT's EV/EBITDA?
Apple Hospitality REIT's enterprise value was 9.9 times EBITDA at the end of fiscal 2025 (enterprise value $4.6 billion, EBITDA $458.4 million); the current EV/EBITDA is 11.8.
What is Apple Hospitality REIT's return on equity?
Apple Hospitality REIT's return on equity (ROE) was 5.5% in fiscal 2025: net income of $175.4 million on average shareholders' equity of $3.2 billion.
What is Apple Hospitality REIT's ROIC?
Apple Hospitality REIT's return on invested capital was 5.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Apple Hospitality REIT have?
Apple Hospitality REIT had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.56 and $1.7 billion of net debt (3.78 times EBITDA).
What is Apple Hospitality REIT's dividend yield?
Apple Hospitality REIT's forward dividend yield is 5.63%. Apple Hospitality REIT paid $240.4 million in dividends in fiscal 2025 ($1.01 per share), a payout ratio of 137.1%.
Does Apple Hospitality REIT buy back its shares?
Yes. Apple Hospitality REIT spent $62.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.4% over the year, to 237.8M..
What is Apple Hospitality REIT's free cash flow yield?
Apple Hospitality REIT generated $282.8 million of free cash flow in fiscal 2025, a free cash flow yield of 10.0% on its market value at year-end ($2.8 billion).
What is Apple Hospitality REIT's current ratio?
Apple Hospitality REIT's current ratio was 0.27 at the end of fiscal 2025: current assets were 0.27 times current liabilities.