Host Hotels & Resorts, Inc. (HST) Key Metrics
HST valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $16.65B
- Enterprise value
- $18.87B
- P/E (TTM)
- 16.2 10-yr median 18.0
- Forward P/E
- 22.2
- PEG ratio
- 3.36
- Price / sales
- 2.7 10-yr median 2.5
- Price / book
- 2.4 10-yr median 1.9
- EV / EBITDA
- 8.9 10-yr median 10.4
- Dividend yield
- 3.29% $0.80 a year
- Beta
- 1.12
HST key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHST valuation Price multiples at each fiscal year-end price.
HST returns How much profit the business earns on the capital it uses.
HST per-share figures Results divided by the shares outstanding at year-end.
HST financial health Debt, liquidity and how easily interest is covered.
HST efficiency & capital use Working capital cycle and where the cash goes.
HST valuation history
HST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HST cash returned to shareholders
HST price vs earnings per share
HST key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.30B | $12.37B | $13.88B | $11.52B | $12.35B | $10.33B | $13.56B | $12.35B | $14.67B | $14.01B |
| Enterprise value | $17.17B | $17.46B | $17.51B | $15.63B | $17.00B | $14.14B | $16.77B | $14.69B | $17.89B | $17.50B |
| P/E ratio | 16.1 | 17.7 | 18.8 | 18.2 | — | — | 14.7 | 11.4 | 26.0 | 18.4 |
| Price / sales | 2.0 | 2.2 | 2.6 | 2.3 | 4.3 | 6.4 | 2.5 | 2.2 | 2.7 | 2.6 |
| Price / book | 1.9 | 1.9 | 2.1 | 1.7 | 1.9 | 1.6 | 1.8 | 1.6 | 2.0 | 1.9 |
| Price / free cash flow | 14.3 | 13.0 | 17.5 | 12.6 | — | — | 19.6 | 14.9 | 15.4 | 18.6 |
| Price / operating cash flow | 8.2 | 8.3 | 9.6 | 8.1 | 42.3 | — | 10.8 | 9.5 | 11.9 | 10.8 |
| EV / sales | 2.8 | 3.1 | 3.3 | 3.2 | 5.9 | 8.7 | 3.1 | 2.7 | 3.3 | 3.2 |
| EV / EBITDA | 9.3 | 10.3 | 10.5 | 10.5 | 20.0 | — | 9.0 | 6.1 | 11.4 | 10.4 |
| EV / free cash flow | 20.0 | 18.4 | 22.0 | 17.1 | — | — | 24.2 | 17.8 | 18.8 | 23.2 |
| Earnings yield | 6.2% | 5.6% | 5.3% | 5.5% | −0.1% | −7.1% | 6.8% | 8.8% | 3.8% | 5.4% |
| Free cash flow yield | 7.0% | 7.7% | 5.7% | 7.9% | −1.1% | −7.8% | 5.1% | 6.7% | 6.5% | 5.4% |
| Dividend yield | 5.1% | 6.0% | 3.9% | 1.3% | 1.2% | 3.1% | 4.6% | 5.1% | 4.3% | 4.3% |
| Shareholder yield (dividends + buybacks) | 6.7% | 6.8% | 5.3% | 1.5% | 1.2% | 4.7% | 8.1% | 5.1% | 4.3% | 5.8% |
| Share price at fiscal year-end | $17.73 | $17.52 | $19.47 | $16.05 | $17.39 | $14.63 | $18.55 | $16.67 | $19.85 | $18.84 |
| Per share | ||||||||||
| Revenue per share | $8.81 | $8.05 | $7.45 | $6.84 | $4.07 | $2.29 | $7.48 | $7.46 | $7.29 | $7.30 |
| Earnings per share | $1.10 | $0.99 | $1.04 | $0.88 | −$0.02 | −$1.04 | $1.26 | $1.47 | $0.76 | $1.02 |
| Operating cash flow per share | $2.16 | $2.12 | $2.02 | $1.97 | $0.41 | −$0.43 | $1.71 | $1.76 | $1.66 | $1.75 |
| Free cash flow per share | $1.24 | $1.35 | $1.12 | $1.27 | −$0.19 | −$1.14 | $0.95 | $1.12 | $1.29 | $1.01 |
| Cash per share | $1.11 | $0.78 | $1.60 | $0.93 | $1.14 | $3.31 | $2.15 | $2.08 | $1.24 | $0.50 |
| Book value per share | $9.45 | $9.36 | $9.31 | $9.35 | $9.07 | $8.95 | $10.21 | $10.39 | $9.70 | $9.68 |
| Tangible book value per share | $9.45 | $9.36 | $9.31 | $9.35 | $9.07 | $8.95 | $10.21 | $10.39 | $9.70 | $9.68 |
| Dividends per share | $0.90 | $1.04 | $0.77 | $0.21 | $0.21 | $0.45 | $0.85 | $0.85 | $0.85 | $0.80 |
| Capex per share | $0.93 | $0.78 | $0.91 | $0.70 | $0.60 | $0.71 | $0.76 | $0.64 | $0.37 | $0.74 |
| Debt per share | $8.13 | $7.99 | $6.69 | $6.67 | $7.68 | $8.71 | $6.54 | $5.25 | $5.59 | $5.19 |
| Shares outstanding | 693.9M | 705.9M | 712.8M | 717.5M | 710.3M | 705.9M | 731.1M | 740.6M | 739.1M | 743.7M |
| Change in shares outstanding | −1.7% | −1.0% | −0.7% | +1.0% | +0.6% | −3.4% | −1.3% | +0.2% | −0.6% | −1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.6% | 10.5% | 11.1% | 9.6% | −0.2% | −10.6% | 12.1% | 14.6% | 7.9% | 10.6% |
| Return on invested capital (ROIC) | 6.8% | 7.8% | 7.5% | 6.8% | −1.9% | −7.2% | 7.5% | 4.6% | 5.6% | 6.0% |
| Return on assets (ROA) | 5.9% | 5.5% | 6.0% | 5.1% | −0.1% | −5.8% | 7.5% | 9.1% | 4.9% | 6.6% |
| Return on tangible assets | 5.9% | 5.3% | 6.0% | 5.2% | −0.1% | −5.7% | 7.5% | 9.0% | 4.8% | 6.7% |
| Free cash flow margin | 14.0% | 16.7% | 15.0% | 18.6% | −4.7% | −49.8% | 12.7% | 15.0% | 17.7% | 13.9% |
| Income quality (OCF / net income) | 1.96 | 2.15 | 1.95 | 2.24 | — | — | 1.36 | 1.20 | 2.18 | 1.71 |
| Financial health | ||||||||||
| Total debt | $5.64B | $5.64B | $4.77B | $4.78B | $5.46B | $6.15B | $4.78B | $3.89B | $4.13B | $3.86B |
| Cash & short-term investments | $768.0M | $554.0M | $1.14B | $667.0M | $807.0M | $2.33B | $1.57B | $1.54B | $913.0M | $372.0M |
| Net debt | $4.87B | $5.09B | $3.63B | $4.12B | $4.65B | $3.82B | $3.21B | $2.35B | $3.21B | $3.49B |
| Debt / equity | 0.86 | 0.85 | 0.72 | 0.71 | 0.85 | 0.97 | 0.64 | 0.51 | 0.58 | 0.54 |
| Debt / assets | 0.43 | 0.43 | 0.39 | 0.39 | 0.44 | 0.48 | 0.39 | 0.32 | 0.35 | 0.34 |
| Net debt / EBITDA | 2.64 | 3.00 | 2.17 | 2.76 | 5.46 | — | 1.73 | 0.97 | 2.06 | 2.07 |
| Current ratio | 21.93 | 0.65 | 1.07 | 0.96 | 1.66 | 1.55 | 1.45 | 6.12 | 3.15 | 1.54 |
| Quick ratio | 21.93 | 0.65 | 1.07 | 0.96 | 1.61 | 1.55 | 1.45 | 5.51 | 2.72 | 1.26 |
| Interest coverage | 3.5 | 4.1 | 4.4 | 5.0 | -1.3 | -6.0 | 3.6 | 3.0 | 4.0 | 4.4 |
| Working capital | $879.0M | −$486.0M | $100.0M | −$59.0M | $531.0M | $887.0M | $560.0M | $1.76B | $981.0M | $265.0M |
| Invested capital | $11.43B | $11.70B | $10.26B | $10.83B | $11.09B | $10.14B | $10.68B | $10.04B | $10.38B | $10.68B |
| Tangible asset value | $6.73B | $6.78B | $6.83B | $6.88B | $6.57B | $6.43B | $7.47B | $7.69B | $7.17B | $7.20B |
| Net current asset value | −$5.40B | −$5.36B | −$3.86B | −$4.02B | −$4.45B | −$3.96B | −$3.03B | −$2.29B | −$3.09B | −$3.46B |
| Graham number | $15.31 | $14.42 | $14.74 | $13.62 | — | — | $17.01 | $18.52 | $12.90 | $14.94 |
| Graham net-net per share | −$7.83 | −$7.98 | −$5.78 | −$6.05 | −$6.85 | −$5.81 | −$4.40 | −$3.64 | −$4.67 | −$5.01 |
| Capital allocation | ||||||||||
| Dividends paid | $623.0M | $737.0M | $547.0M | $150.0M | $150.0M | $320.0M | $623.0M | $629.0M | $628.0M | $596.0M |
| Share buybacks (net) | $205.0M | $107.0M | $182.0M | $27.0M | $0 | $169.0M | $482.0M | $0 | $0 | $218.0M |
| Dividend payout ratio | 81.4% | 105.7% | 73.9% | 23.7% | — | — | 67.7% | 57.9% | 111.3% | 78.2% |
| Dividends + buybacks / free cash flow | 96.5% | 88.8% | 91.7% | 19.4% | — | — | 159.7% | 76.2% | 65.9% | 108.1% |
| Capex / revenue | 10.5% | 9.6% | 12.2% | 10.3% | 14.8% | 30.8% | 10.2% | 8.6% | 5.1% | 10.1% |
| Capex / operating cash flow | 42.9% | 36.6% | 44.8% | 35.6% | 146.2% | — | 44.6% | 36.5% | 22.5% | 42.2% |
| Capex / depreciation | 0.81 | 0.72 | 0.93 | 0.76 | 0.56 | 0.75 | 0.83 | 0.50 | 0.37 | 0.76 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.6% | 0.5% | 0.6% | 1.0% | 0.3% | 0.3% | 0.2% | 0.2% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 2.0% | 2.1% | 2.2% | 2.2% | 3.4% | 5.5% | 2.0% | 1.9% | 1.8% | 2.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 8.0 | 10.1 | 24.3 | 23.1 | 8.5 | 9.6 | 4.5 | 5.0 | 4.5 | 3.7 |
| Days of inventory on hand | — | — | — | — | 11.0 | — | — | 28.0 | 23.3 | 20.4 |
| Days payables outstanding | 21.6 | 52.3 | 57.8 | 38.0 | 20.4 | 53.8 | 39.1 | 39.7 | 39.3 | 36.2 |
| Cash conversion cycle (days) | -13.6 | -42.1 | -33.5 | -14.9 | -0.9 | -44.2 | -34.6 | -6.7 | -11.5 | -12.1 |
| Receivables turnover | 45.63 | 36.09 | 15.02 | 15.83 | 42.81 | 38.12 | 81.63 | 73.65 | 80.40 | 97.84 |
| Payables turnover | 16.87 | 6.99 | 6.31 | 9.61 | 17.91 | 6.78 | 9.34 | 9.20 | 9.28 | 10.08 |
| Inventory turnover | — | — | — | — | 33.26 | — | — | 13.03 | 15.68 | 17.86 |
| Asset turnover | 0.47 | 0.45 | 0.43 | 0.40 | 0.23 | 0.13 | 0.45 | 0.46 | 0.47 | 0.47 |
| Average receivables | $134.0M | $157.5M | $353.5M | $310.0M | $67.5M | $42.5M | $67.0M | $75.0M | $67.0M | $55.5M |
| Average payables | $353.0M | $379.5M | $390.0M | $228.5M | $78.0M | $167.0M | $278.0M | $288.0M | $280.5M | $260.5M |
| Average inventory | — | — | — | — | $42.0M | — | — | $203.5M | $166.0M | $147.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from HST's annual financial statements (latest annual report filed February 25, 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.
HST valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Host Hotels traded at 16.1 times earnings, against a 10-year median of 18.0. Based on the latest twelve months, the trailing P/E is 16.2 and the forward P/E is 22.2. Host Hotels earned a return on equity of 11.6% and a return on invested capital of 6.8% in fiscal 2025. It ended the year with $5.6 billion of debt and $768.0 million in cash and short-term investments, net debt of $4.9 billion. It returned $828.0 million to shareholders: $623.0 million in dividends and $205.0 million in share buybacks, 97% of free cash flow. The share count fell 6.7% from 743.7M to 693.9M over 9 years.
See the HST income statement, the HST chart for price history, or the HST stock overview for the latest quote and news.
HST key metrics FAQ
What is Host Hotels's P/E ratio?
Host Hotels's trailing P/E ratio is 16.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.2. At the end of fiscal 2025 it was 16.1, compared with a 10-year median of 18.0.
What is Host Hotels's EV/EBITDA?
Host Hotels's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $17.2 billion, EBITDA $1.8 billion); the current EV/EBITDA is 8.9.
What is Host Hotels's return on equity?
Host Hotels's return on equity (ROE) was 11.6% in fiscal 2025: net income of $765.0 million on average shareholders' equity of $6.6 billion.
What is Host Hotels's ROIC?
Host Hotels's return on invested capital was 6.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Host Hotels have?
Host Hotels had total debt of $5.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.86 and $4.9 billion of net debt (2.64 times EBITDA).
What is Host Hotels's dividend yield?
Host Hotels's forward dividend yield is 3.29%. Host Hotels paid $623.0 million in dividends in fiscal 2025 ($0.90 per share), a payout ratio of 81.4%.
Does Host Hotels buy back its shares?
Yes. Host Hotels spent $205.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.7% over the year, to 693.9M..
What is Host Hotels's free cash flow yield?
Host Hotels generated $858.0 million of free cash flow in fiscal 2025, a free cash flow yield of 7.0% on its market value at year-end ($12.3 billion).
What is Host Hotels's current ratio?
Host Hotels's current ratio was 21.93 at the end of fiscal 2025: current assets were 21.93 times current liabilities.