Choice Hotels International, Inc. (CHH) Key Metrics
CHH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.93B
- Enterprise value
- $6.64B
- P/E (TTM)
- 15.3 10-yr median 22.6
- Forward P/E
- 12.7
- PEG ratio
- 1.76
- Price / sales
- 4.8 10-yr median 4.3
- Price / book
- 32.2 10-yr median 36.5
- EV / EBITDA
- 11.3 10-yr median 15.5
- Dividend yield
- 1.06% $1.15 a year
- Beta
- 0.71
CHH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCHH valuation Price multiples at each fiscal year-end price.
CHH returns How much profit the business earns on the capital it uses.
CHH per-share figures Results divided by the shares outstanding at year-end.
CHH financial health Debt, liquidity and how easily interest is covered.
CHH efficiency & capital use Working capital cycle and where the cash goes.
CHH valuation history
CHH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CHH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CHH cash returned to shareholders
CHH price vs earnings per share
CHH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.44B | $6.70B | $5.74B | $6.21B | $8.72B | $5.93B | $5.76B | $4.08B | $4.41B | $3.18B |
| Enterprise value | $6.52B | $8.55B | $7.40B | $7.45B | $9.31B | $6.77B | $6.61B | $4.80B | $4.90B | $3.81B |
| P/E ratio | 12.0 | 22.4 | 22.2 | 18.7 | 30.2 | 78.6 | 25.8 | 18.8 | 38.4 | 22.8 |
| Price / sales | 2.8 | 4.2 | 3.7 | 4.4 | 8.2 | 7.7 | 5.2 | 3.9 | 4.4 | 3.4 |
| Price / book | 24.5 | — | 161.4 | 40.1 | 32.8 | — | — | — | — | — |
| Price / free cash flow | 35.6 | 38.6 | 32.2 | 22.7 | 28.5 | 78.9 | 27.9 | 21.1 | 19.1 | 25.6 |
| Price / operating cash flow | 16.4 | 21.0 | 19.4 | 16.9 | 22.7 | 51.5 | 21.3 | 16.8 | 17.1 | 20.9 |
| EV / sales | 4.1 | 5.4 | 4.8 | 5.3 | 8.7 | 8.8 | 5.9 | 4.6 | 4.9 | 4.1 |
| EV / EBITDA | 11.5 | 15.4 | 15.5 | 13.7 | 19.7 | 45.0 | 18.7 | 13.7 | 15.3 | 18.7 |
| EV / free cash flow | 52.3 | 49.3 | 41.5 | 27.3 | 30.5 | 90.2 | 32.0 | 24.8 | 21.2 | 30.7 |
| Earnings yield | 8.3% | 4.5% | 4.5% | 5.3% | 3.3% | 1.3% | 3.9% | 5.3% | 2.6% | 4.4% |
| Free cash flow yield | 2.8% | 2.6% | 3.1% | 4.4% | 3.5% | 1.3% | 3.6% | 4.7% | 5.2% | 3.9% |
| Dividend yield | 1.2% | 0.8% | 1.0% | 0.8% | 0.3% | 0.4% | 0.8% | 1.2% | 1.1% | 1.5% |
| Shareholder yield (dividends + buybacks) | 4.3% | 6.5% | 7.3% | 7.8% | 0.4% | 1.4% | 1.7% | 4.8% | 1.3% | 2.6% |
| Share price at fiscal year-end | $95.26 | $141.98 | $113.30 | $112.64 | $155.99 | $106.73 | $103.43 | $71.58 | $77.60 | $56.05 |
| Per share | ||||||||||
| Revenue per share | $34.28 | $33.58 | $30.46 | $25.43 | $19.13 | $13.94 | $20.03 | $18.29 | $17.71 | $16.32 |
| Earnings per share | $7.94 | $6.35 | $5.10 | $6.03 | $5.17 | $1.36 | $4.00 | $3.80 | $2.02 | $2.46 |
| Operating cash flow per share | $5.81 | $6.77 | $5.85 | $6.66 | $6.87 | $2.07 | $4.86 | $4.27 | $4.53 | $2.68 |
| Free cash flow per share | $2.68 | $3.68 | $3.52 | $4.96 | $5.47 | $1.35 | $3.71 | $3.40 | $4.07 | $2.19 |
| Cash per share | $0.97 | $0.85 | $0.53 | $0.75 | $9.15 | $4.23 | $0.61 | $0.47 | $4.14 | $3.57 |
| Book value per share | $3.89 | −$0.96 | $0.70 | $2.81 | $4.76 | −$0.10 | −$0.42 | −$3.23 | −$3.73 | −$5.50 |
| Tangible book value per share | −$25.91 | −$24.36 | −$19.64 | −$14.63 | −$3.68 | −$8.44 | −$8.50 | −$10.96 | −$5.41 | −$7.17 |
| Dividends per share | $1.15 | $1.18 | $1.11 | $0.95 | $0.45 | $0.46 | $0.86 | $0.86 | $0.86 | $0.82 |
| Capex per share | $3.13 | $3.09 | $2.33 | $1.70 | $1.39 | $0.72 | $1.15 | $0.87 | $0.46 | $0.49 |
| Debt per share | $45.74 | $39.99 | $33.17 | $23.32 | $19.83 | $19.49 | $15.86 | $13.25 | $12.77 | $14.84 |
| Shares outstanding | 46.6M | 47.2M | 50.7M | 55.1M | 55.9M | 55.5M | 55.7M | 56.9M | 56.9M | 56.7M |
| Change in shares outstanding | −1.3% | −6.9% | −8.0% | −1.4% | +0.6% | −0.2% | −2.2% | +0.1% | +0.4% | −1.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 544.2% | — | 271.7% | 158.0% | 222.2% | — | — | — | — | — |
| Return on invested capital (ROIC) | 18.0% | 20.1% | 18.6% | 32.2% | 38.6% | 14.6% | 38.4% | 61.3% | 44.8% | 60.4% |
| Return on assets (ROA) | 13.6% | 12.2% | 11.5% | 16.5% | 16.4% | 5.1% | 17.7% | 20.9% | 12.9% | 17.8% |
| Return on tangible assets | 24.2% | 21.0% | 19.0% | 29.1% | 19.8% | 6.7% | 23.8% | 31.0% | 13.8% | 18.4% |
| Free cash flow margin | 7.8% | 11.0% | 11.5% | 19.5% | 28.6% | 9.7% | 18.5% | 18.6% | 23.0% | 13.4% |
| Income quality (OCF / net income) | 0.73 | 1.07 | 1.15 | 1.11 | 1.33 | 1.53 | 1.21 | 1.12 | 2.24 | 1.09 |
| Financial health | ||||||||||
| Total debt | $2.13B | $1.89B | $1.68B | $1.29B | $1.11B | $1.08B | $883.0M | $754.6M | $726.5M | $840.6M |
| Cash & short-term investments | $45.0M | $40.2M | $26.8M | $41.6M | $511.6M | $234.8M | $33.8M | $26.6M | $235.3M | $202.5M |
| Net debt | $2.09B | $1.85B | $1.65B | $1.24B | $596.4M | $847.3M | $849.2M | $728.0M | $491.2M | $638.1M |
| Debt / equity | 11.76 | — | 47.24 | 8.31 | 4.17 | — | — | — | — | — |
| Debt / assets | 0.73 | 0.75 | 0.70 | 0.61 | 0.57 | 0.68 | 0.64 | 0.66 | 0.78 | 0.99 |
| Net debt / EBITDA | 3.69 | 3.34 | 3.47 | 2.28 | 1.26 | 5.63 | 2.41 | 2.08 | 1.53 | 3.12 |
| Current ratio | 0.87 | 0.73 | 0.31 | 0.80 | 1.34 | 1.69 | 0.73 | 0.77 | 1.37 | 1.31 |
| Quick ratio | 0.87 | 0.73 | 0.28 | 0.80 | 1.34 | 1.69 | 0.73 | 0.69 | 1.37 | 1.31 |
| Interest coverage | 5.0 | 5.3 | 5.9 | 10.9 | 9.2 | 2.5 | 6.8 | 6.9 | 5.9 | 5.4 |
| Working capital | −$61.3M | −$123.6M | −$646.2M | −$88.0M | $191.4M | $177.1M | −$89.3M | −$74.7M | $108.4M | $81.2M |
| Invested capital | $2.27B | $1.80B | $1.69B | $1.40B | $862.2M | $841.5M | $825.7M | $544.2M | $279.1M | $326.8M |
| Tangible asset value | −$1.21B | −$1.15B | −$995.7M | −$806.2M | −$205.7M | −$468.7M | −$473.1M | −$624.0M | −$307.5M | −$406.0M |
| Net current asset value | −$2.33B | −$2.24B | −$2.06B | −$1.60B | −$904.3M | −$1.16B | −$1.17B | −$1.08B | −$736.8M | −$818.9M |
| Graham number | $26.37 | — | $8.97 | $19.50 | $23.53 | — | — | — | — | — |
| Graham net-net per share | −$54.45 | −$49.63 | −$42.77 | −$30.85 | −$17.70 | −$22.05 | −$22.33 | −$20.71 | −$14.24 | −$15.55 |
| Capital allocation | ||||||||||
| Dividends paid | $53.5M | $55.5M | $56.5M | $52.5M | $25.0M | $25.3M | $48.1M | $48.7M | $48.7M | $46.2M |
| Share buybacks (net) | $138.3M | $380.7M | $362.8M | $434.8M | $13.4M | $55.5M | $50.6M | $148.7M | $9.8M | $35.9M |
| Dividend payout ratio | 14.5% | 18.5% | 21.8% | 15.8% | 8.7% | 33.5% | 21.6% | 22.5% | 42.3% | 33.1% |
| Dividends + buybacks / free cash flow | 153.8% | 251.4% | 235.2% | 178.2% | 12.6% | 107.5% | 47.8% | 102.1% | 25.3% | 66.1% |
| Capex / revenue | 9.1% | 9.2% | 7.7% | 6.7% | 7.3% | 5.2% | 5.7% | 4.8% | 2.6% | 3.0% |
| Capex / operating cash flow | 53.9% | 45.7% | 39.9% | 25.5% | 20.3% | 34.7% | 23.7% | 20.4% | 10.1% | 18.3% |
| Capex / depreciation | 2.44 | 2.06 | 1.56 | 1.46 | 1.54 | 0.82 | 1.77 | 1.46 | 2.09 | 2.37 |
| Stock-based compensation / revenue | 2.4% | 2.7% | 3.0% | 3.1% | 3.3% | 1.3% | 1.6% | 1.5% | 2.3% | 1.7% |
| R&D / revenue | — | — | 2.0% | 1.9% | 1.3% | 1.9% | 0.9% | 1.1% | 1.2% | 1.3% |
| SG&A / revenue | 26.3% | 13.9% | 14.0% | 14.8% | 40.4% | 55.4% | 36.7% | 35.9% | 40.1% | 40.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 53.2 | 52.2 | 55.5 | 64.3 | 68.0 | 84.0 | 51.7 | 46.2 | 42.2 | 38.8 |
| Days of inventory on hand | — | — | 7.4 | 0.0 | 0.0 | — | — | 8.7 | 0.0 | — |
| Days payables outstanding | 56.3 | 57.8 | 53.5 | 52.0 | 63.9 | 61.8 | 45.2 | 48.3 | 37.3 | 39.1 |
| Cash conversion cycle (days) | -3.2 | -5.6 | 9.5 | 12.3 | 4.1 | 22.2 | 6.6 | 6.6 | 4.9 | -0.2 |
| Receivables turnover | 6.87 | 6.99 | 6.57 | 5.68 | 5.37 | 4.35 | 7.05 | 7.89 | 8.64 | 9.40 |
| Payables turnover | 6.48 | 6.32 | 6.83 | 7.02 | 5.71 | 5.91 | 8.08 | 7.56 | 9.78 | 9.35 |
| Inventory turnover | — | — | 49.26 | 701,897,000.00 | 469,700,000.00 | — | — | 42.05 | 1,134,166,000.00 | — |
| Asset turnover | 0.59 | 0.64 | 0.69 | 0.70 | 0.61 | 0.52 | 0.88 | 1.01 | 1.13 | 1.18 |
| Average receivables | $232.5M | $226.7M | $234.9M | $247.0M | $199.1M | $178.1M | $158.1M | $131.9M | $116.6M | $98.3M |
| Average payables | $145.6M | $133.1M | $125.1M | $100.0M | $82.2M | $78.4M | $73.5M | $70.7M | $58.0M | $56.3M |
| Average inventory | — | — | $17.3M | $1 | $1 | — | — | $12.7M | $0 | $0 |
| Intangibles / total assets | 47.6% | 43.6% | 43.1% | 45.7% | 24.4% | 29.2% | 32.4% | 38.7% | 10.3% | 11.1% |
Computed from CHH's annual financial statements (latest annual report filed February 19, 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.
CHH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Choice Hotels International traded at 12.0 times earnings, against a 10-year median of 22.6. Based on the latest twelve months, the trailing P/E is 15.3 and the forward P/E is 12.7. Choice Hotels International earned a return on equity of 544.2% and a return on invested capital of 18.0% in fiscal 2025. It ended the year with $2.1 billion of debt and $45.0 million in cash and short-term investments, net debt of $2.1 billion. It returned $191.8 million to shareholders: $53.5 million in dividends and $138.3 million in share buybacks, 154% of free cash flow. The share count fell 17.8% from 56.7M to 46.6M over 9 years.
See the CHH income statement, the CHH chart for price history, or the CHH stock overview for the latest quote and news.
CHH key metrics FAQ
What is Choice Hotels International's P/E ratio?
Choice Hotels International's trailing P/E ratio is 15.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.7. At the end of fiscal 2025 it was 12.0, compared with a 10-year median of 22.6.
What is Choice Hotels International's EV/EBITDA?
Choice Hotels International's enterprise value was 11.5 times EBITDA at the end of fiscal 2025 (enterprise value $6.5 billion, EBITDA $564.9 million); the current EV/EBITDA is 11.3.
What is Choice Hotels International's return on equity?
Choice Hotels International's return on equity (ROE) was 544.2% in fiscal 2025: net income of $369.9 million on average shareholders' equity of $68.0 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Choice Hotels International's ROIC?
Choice Hotels International's return on invested capital was 18.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Choice Hotels International have?
Choice Hotels International had total debt of $2.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 11.76 and $2.1 billion of net debt (3.69 times EBITDA).
What is Choice Hotels International's dividend yield?
Choice Hotels International's forward dividend yield is 1.06%. Choice Hotels International paid $53.5 million in dividends in fiscal 2025 ($1.15 per share), a payout ratio of 14.5%.
Does Choice Hotels International buy back its shares?
Yes. Choice Hotels International spent $138.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.3% over the year, to 46.6M..
What is Choice Hotels International's free cash flow yield?
Choice Hotels International generated $124.7 million of free cash flow in fiscal 2025, a free cash flow yield of 2.8% on its market value at year-end ($4.4 billion).
What is Choice Hotels International's current ratio?
Choice Hotels International's current ratio was 0.87 at the end of fiscal 2025: current assets were 0.87 times current liabilities.