Braemar Hotels & Resorts Inc. (BHR) Key Metrics
BHR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $105.0M
- Enterprise value
- $773.3M
- P/E (TTM)
- — 10-yr median 21.8
- Forward P/E
- 20.6
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.6
- Price / book
- 0.8 10-yr median 0.5
- EV / EBITDA
- 4.3 10-yr median 10.2
- Dividend yield
- 13.08% $0.20 a year
- Beta
- 0.82
BHR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBHR valuation Price multiples at each fiscal year-end price.
BHR returns How much profit the business earns on the capital it uses.
BHR per-share figures Results divided by the shares outstanding at year-end.
BHR financial health Debt, liquidity and how easily interest is covered.
BHR efficiency & capital use Working capital cycle and where the cash goes.
BHR valuation history
BHR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BHR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BHR cash returned to shareholders
BHR price vs earnings per share
BHR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $194.1M | $199.5M | $165.0M | $286.4M | $268.7M | $156.7M | $288.3M | $282.4M | $334.3M | $421.6M |
| Enterprise value | $1.24B | $1.29B | $1.30B | $1.42B | $1.77B | $1.27B | $1.78B | $1.45B | $1.22B | $1.63B |
| P/E ratio | — | — | — | 16.1 | — | — | 777.2 | 214.0 | 14.5 | 21.8 |
| Price / sales | 0.3 | 0.3 | 0.2 | 0.4 | 0.6 | 0.7 | 0.6 | 0.7 | 0.8 | 1.0 |
| Price / book | 0.4 | 0.3 | 0.2 | 0.7 | 0.5 | 0.4 | 0.6 | 0.5 | 0.6 | 1.0 |
| Price / free cash flow | — | 3.0 | 1.9 | 2.6 | 4.2 | — | 4.4 | — | — | 3.6 |
| Price / operating cash flow | 4.8 | 3.0 | 1.9 | 2.6 | 4.2 | — | 4.4 | 4.0 | 4.7 | 7.4 |
| EV / sales | 1.8 | 1.8 | 1.8 | 2.1 | 4.1 | 5.6 | 3.6 | 3.4 | 2.9 | 4.0 |
| EV / EBITDA | 7.5 | 5.7 | 8.1 | 9.2 | 24.1 | — | 13.9 | 12.9 | 10.2 | 14.4 |
| EV / free cash flow | — | 19.4 | 15.4 | 13.0 | 27.7 | — | 26.8 | — | — | 14.0 |
| Earnings yield | −11.5% | −0.8% | −16.4% | 6.2% | −9.9% | −67.2% | 0.1% | 0.5% | 6.9% | 4.6% |
| Free cash flow yield | −19.1% | 33.5% | 51.3% | 38.2% | 23.8% | −32.1% | 23.0% | −44.8% | −35.2% | 27.6% |
| Dividend yield | 24.4% | 25.8% | 31.9% | 7.2% | 3.4% | 10.3% | 11.6% | 10.7% | 8.1% | 4.0% |
| Shareholder yield (dividends + buybacks) | 24.8% | 26.0% | 47.9% | 10.0% | 3.5% | 10.5% | 11.7% | 10.9% | 8.2% | 13.3% |
| Share price at fiscal year-end | $2.87 | $3.00 | $2.50 | $4.11 | $5.10 | $4.61 | $8.93 | $8.84 | $9.63 | $13.51 |
| Per share | ||||||||||
| Revenue per share | $10.41 | $10.95 | $11.20 | $9.61 | $8.12 | $6.68 | $15.10 | $13.50 | $11.93 | $13.01 |
| Earnings per share | −$0.33 | −$0.03 | −$0.41 | $0.25 | −$0.51 | −$3.10 | $0.01 | $0.04 | $0.66 | $0.62 |
| Operating cash flow per share | $0.60 | $1.00 | $1.28 | $1.57 | $1.21 | −$1.48 | $2.05 | $2.21 | $2.03 | $1.83 |
| Free cash flow per share | −$0.55 | $1.00 | $1.28 | $1.57 | $1.21 | −$1.48 | $2.05 | −$3.96 | −$3.39 | $3.73 |
| Cash per share | $1.84 | $2.04 | $1.34 | $3.75 | $4.10 | $2.31 | $2.23 | $5.72 | $3.96 | $4.06 |
| Book value per share | $7.45 | $10.46 | $12.05 | $5.89 | $9.94 | $11.27 | $15.85 | $17.00 | $15.25 | $13.75 |
| Tangible book value per share | $7.41 | $10.41 | $12.00 | $5.83 | $9.86 | $11.13 | $15.69 | $16.13 | $14.60 | $13.02 |
| Dividends per share | $0.70 | $0.78 | $0.80 | $0.30 | $0.17 | $0.48 | $1.03 | $0.95 | $0.78 | $0.54 |
| Capex per share | $1.15 | $1.06 | $0.00 | $5.79 | $0.09 | $0.75 | $7.68 | $6.17 | $5.42 | $1.90 |
| Debt per share | $17.37 | $18.50 | $18.53 | $20.02 | $32.65 | $35.05 | $48.34 | $42.34 | $29.42 | $42.66 |
| Shares outstanding | 67.6M | 66.5M | 66.0M | 69.7M | 52.7M | 34.0M | 32.3M | 31.9M | 34.7M | 31.2M |
| Change in shares outstanding | +1.7% | +0.8% | −5.3% | +32.3% | +55.0% | +5.3% | +1.1% | −8.0% | +11.3% | +20.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.7% | −0.2% | −4.5% | 3.8% | −5.9% | −23.5% | 0.1% | 0.2% | 4.8% | 4.4% |
| Return on invested capital (ROIC) | 2.0% | 6.6% | 2.8% | 3.2% | 0.1% | −3.6% | 1.7% | 2.2% | 2.6% | 3.1% |
| Return on assets (ROA) | −1.1% | −0.1% | −1.2% | 0.8% | −1.5% | −6.1% | 0.0% | 0.1% | 1.7% | 1.5% |
| Return on tangible assets | −1.2% | −0.1% | −1.2% | 0.7% | −1.4% | −6.3% | 0.0% | 0.1% | 1.6% | 1.6% |
| Free cash flow margin | −5.3% | 9.2% | 11.4% | 16.4% | 15.0% | −22.2% | 13.6% | −29.3% | −28.4% | 28.7% |
| Income quality (OCF / net income) | — | — | — | 6.16 | — | — | 178.60 | 53.59 | 3.07 | 2.96 |
| Financial health | ||||||||||
| Total debt | $1.17B | $1.23B | $1.22B | $1.39B | $1.72B | $1.19B | $1.56B | $1.35B | $1.02B | $1.33B |
| Cash & short-term investments | $124.4M | $135.8M | $88.4M | $261.5M | $216.0M | $78.6M | $72.0M | $182.6M | $137.5M | $126.8M |
| Net debt | $1.05B | $1.09B | $1.13B | $1.13B | $1.50B | $1.11B | $1.49B | $1.17B | $883.5M | $1.20B |
| Debt / equity | 2.33 | 1.77 | 1.54 | 3.40 | 3.28 | 3.11 | 3.05 | 2.49 | 1.93 | 3.10 |
| Debt / assets | 0.63 | 0.58 | 0.55 | 0.58 | 0.92 | 0.71 | 0.89 | 0.83 | 0.72 | 1.06 |
| Net debt / EBITDA | 6.36 | 4.80 | 7.09 | 7.35 | 20.44 | — | 11.61 | 10.42 | 7.41 | 10.68 |
| Current ratio | 2.18 | 0.57 | 1.45 | 2.64 | 3.22 | 2.14 | 1.58 | 3.60 | 3.32 | 3.54 |
| Quick ratio | 2.12 | 0.56 | 1.42 | 2.60 | 3.19 | 2.10 | 1.56 | 3.57 | 3.29 | 3.52 |
| Interest coverage | 0.5 | 1.2 | 0.7 | 1.3 | 0.0 | -1.8 | 1.2 | 1.3 | 1.0 | 1.2 |
| Working capital | $87.7M | −$195.9M | $75.1M | $252.7M | $223.2M | $78.3M | $64.3M | $203.9M | $158.3M | $148.4M |
| Invested capital | $1.55B | $1.79B | $1.93B | $1.54B | $2.03B | $1.50B | $2.00B | $1.71B | $1.41B | $1.63B |
| Tangible asset value | $522.4M | $719.0M | $815.0M | $430.4M | $519.6M | $391.1M | $506.7M | $515.4M | $506.8M | $406.1M |
| Net current asset value | −$1.17B | −$1.16B | −$1.17B | −$1.56B | −$1.03B | −$1.13B | −$1.07B | −$811.0M | −$667.9M | −$621.3M |
| Graham number | — | — | — | $5.81 | — | — | $2.02 | $3.98 | $15.09 | $13.84 |
| Graham net-net per share | −$17.53 | −$18.83 | −$19.32 | −$23.53 | −$20.85 | −$34.95 | −$35.51 | −$28.07 | −$21.01 | −$21.57 |
| Capital allocation | ||||||||||
| Dividends paid | $47.3M | $51.6M | $52.6M | $20.8M | $9.1M | $16.2M | $33.4M | $30.3M | $27.1M | $16.9M |
| Share buybacks (net) | $778,000 | $369,000 | $26.5M | $7.9M | $376,000 | $263,000 | $384,000 | $323,000 | $395,000 | $39.2M |
| Dividend payout ratio | — | — | — | 116.9% | — | — | — | — | 117.7% | 87.4% |
| Dividends + buybacks / free cash flow | — | 77.7% | 93.4% | 26.2% | 14.8% | — | 51.0% | — | — | 48.2% |
| Capex / revenue | 11.1% | 9.7% | 0.0% | 60.3% | 1.1% | 11.3% | 50.9% | 45.7% | 45.4% | 14.6% |
| Capex / operating cash flow | 191.0% | 105.7% | 0.1% | 368.6% | 7.1% | — | 374.3% | 278.8% | 266.5% | 103.9% |
| Capex / depreciation | 0.84 | 0.71 | 0.00 | 5.14 | 0.06 | 0.34 | 3.50 | 3.42 | 3.59 | 1.29 |
| Stock-based compensation / revenue | −0.1% | 0.4% | 1.3% | 1.7% | 2.4% | 3.5% | 1.6% | 1.6% | −0.3% | 1.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 1.7% | 2.0% | 2.7% | 3.7% | 3.0% | 12.0% | 2.0% | 6.0% | 5.0% | 8.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 16.7 | 22.2 | 33.6 | 36.0 | 28.4 | 40.0 | 20.2 | 22.8 | 32.3 | 31.3 |
| Days of inventory on hand | 2.4 | 3.1 | 3.3 | 3.0 | 3.0 | 4.5 | 2.3 | 1.9 | 1.8 | 1.8 |
| Days payables outstanding | 58.2 | 58.9 | 74.9 | 83.2 | 83.6 | 130.8 | 78.0 | 70.7 | 61.4 | 54.8 |
| Cash conversion cycle (days) | -39.1 | -33.6 | -38.1 | -44.2 | -52.3 | -86.3 | -55.5 | -46.0 | -27.4 | -21.7 |
| Receivables turnover | 21.80 | 16.43 | 10.88 | 10.15 | 12.86 | 9.12 | 18.09 | 16.02 | 11.31 | 11.67 |
| Payables turnover | 6.27 | 6.20 | 4.87 | 4.39 | 4.36 | 2.79 | 4.68 | 5.16 | 5.95 | 6.66 |
| Inventory turnover | 151.32 | 118.90 | 111.49 | 120.75 | 121.38 | 81.74 | 159.85 | 189.95 | 208.04 | 200.86 |
| Asset turnover | 0.35 | 0.33 | 0.32 | 0.31 | 0.24 | 0.13 | 0.29 | 0.28 | 0.31 | 0.31 |
| Average receivables | $32.3M | $44.3M | $68.0M | $66.0M | $33.2M | $24.9M | $27.0M | $26.9M | $36.6M | $34.8M |
| Average payables | $113.5M | $92.7M | $117.2M | $115.1M | $79.0M | $78.3M | $79.5M | $60.5M | $50.8M | $44.2M |
| Average inventory | $4.7M | $4.8M | $5.1M | $4.2M | $2.8M | $2.7M | $2.3M | $1.6M | $1.5M | $1.5M |
| Intangibles / total assets | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 1.7% | 1.6% | 1.8% |
Computed from BHR's annual financial statements (latest annual report filed March 12, 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.
BHR valuation and financial ratios
Braemar Hotels & Resorts earned a return on equity of −3.7% and a return on invested capital of 2.0% in fiscal 2025. It ended the year with $1.2 billion of debt and $124.4 million in cash and short-term investments, net debt of $1.1 billion. It returned $48.1 million to shareholders: $47.3 million in dividends and $0.8 million in share buybacks. The share count rose 116.8% from 31.2M to 67.6M over 9 years.
See the BHR income statement, the BHR chart for price history, or the BHR stock overview for the latest quote and news.
BHR key metrics FAQ
What is Braemar Hotels & Resorts's EV/EBITDA?
Braemar Hotels & Resorts's enterprise value was 7.5 times EBITDA at the end of fiscal 2025 (enterprise value $1.2 billion, EBITDA $165.1 million); the current EV/EBITDA is 4.3.
What is Braemar Hotels & Resorts's return on equity?
Braemar Hotels & Resorts's return on equity (ROE) was −3.7% in fiscal 2025: net income of -$22.3 million on average shareholders' equity of $599.8 million.
What is Braemar Hotels & Resorts's ROIC?
Braemar Hotels & Resorts's return on invested capital was 2.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Braemar Hotels & Resorts have?
Braemar Hotels & Resorts had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.33 and $1.1 billion of net debt (6.36 times EBITDA).
What is Braemar Hotels & Resorts's dividend yield?
Braemar Hotels & Resorts's forward dividend yield is 13.08%. Braemar Hotels & Resorts paid $47.3 million in dividends in fiscal 2025 ($0.70 per share), a payout ratio of —.
Does Braemar Hotels & Resorts buy back its shares?
Yes. Braemar Hotels & Resorts spent $0.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.7% over the year, to 67.6M..
What is Braemar Hotels & Resorts's free cash flow yield?
Braemar Hotels & Resorts generated -$37.1 million of free cash flow in fiscal 2025, a free cash flow yield of −19.1% on its market value at year-end ($194.1 million).
What is Braemar Hotels & Resorts's current ratio?
Braemar Hotels & Resorts's current ratio was 2.18 at the end of fiscal 2025: current assets were 2.18 times current liabilities.