LTC Properties, Inc. (LTC) Key Metrics
LTC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.35B
- Enterprise value
- $3.03B
- P/E (TTM)
- 15.6 10-yr median 16.4
- Forward P/E
- 12.5
- PEG ratio
- 5.74
- Price / sales
- 6.9 10-yr median 9.1
- Price / book
- 1.8 10-yr median 1.9
- EV / EBITDA
- 13.5 10-yr median 13.0
- Dividend yield
- 5.22% $2.28 a year
- Beta
- 0.54
LTC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLTC valuation Price multiples at each fiscal year-end price.
LTC returns How much profit the business earns on the capital it uses.
LTC per-share figures Results divided by the shares outstanding at year-end.
LTC financial health Debt, liquidity and how easily interest is covered.
LTC efficiency & capital use Working capital cycle and where the cash goes.
LTC valuation history
LTC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LTC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LTC cash returned to shareholders
LTC price vs earnings per share
LTC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.60B | $1.53B | $1.33B | $1.42B | $1.34B | $1.53B | $1.78B | $1.66B | $1.73B | $1.81B |
| Enterprise value | $2.43B | $2.20B | $2.20B | $2.18B | $2.57B | $2.17B | $2.47B | $2.30B | $2.39B | $2.41B |
| P/E ratio | 13.6 | 16.8 | 14.8 | 14.2 | 23.9 | 16.0 | 22.1 | 10.7 | 19.8 | 21.3 |
| Price / sales | 6.1 | 7.3 | 6.7 | 8.1 | 8.6 | 9.6 | 9.6 | 9.8 | 10.3 | 11.2 |
| Price / book | 1.5 | 1.6 | 1.5 | 1.7 | 1.8 | 2.0 | 2.3 | 2.0 | 2.3 | 2.5 |
| Price / free cash flow | 11.8 | 12.2 | 12.7 | 13.5 | 14.7 | 13.2 | 14.6 | 14.5 | 16.5 | 17.4 |
| Price / operating cash flow | 11.8 | 12.2 | 12.7 | 13.5 | 14.7 | 13.2 | 14.5 | 14.4 | 16.4 | 17.2 |
| EV / sales | 9.2 | 10.5 | 11.2 | 12.5 | 16.5 | 13.6 | 13.3 | 13.7 | 14.2 | 14.9 |
| EV / EBITDA | 12.3 | 12.8 | 12.5 | 12.9 | 21.1 | 13.2 | 16.4 | 10.3 | 15.4 | 16.4 |
| EV / free cash flow | 17.9 | 17.6 | 21.1 | 20.7 | 28.1 | 18.7 | 20.3 | 20.1 | 22.9 | 23.2 |
| Earnings yield | 7.4% | 6.0% | 6.8% | 7.0% | 4.2% | 6.2% | 4.5% | 9.3% | 5.1% | 4.7% |
| Free cash flow yield | 8.5% | 8.2% | 7.9% | 7.4% | 6.8% | 7.6% | 6.8% | 6.9% | 6.0% | 5.8% |
| Dividend yield | 6.7% | 6.6% | 7.1% | 6.4% | 6.8% | 5.9% | 5.1% | 5.4% | 5.2% | 4.7% |
| Shareholder yield (dividends + buybacks) | 7.0% | 6.6% | 7.3% | 6.4% | 6.8% | 7.1% | 5.1% | 5.4% | 5.2% | 4.7% |
| Share price at fiscal year-end | $34.38 | $34.55 | $32.12 | $35.53 | $34.14 | $38.91 | $44.77 | $41.68 | $43.55 | $46.98 |
| Per share | ||||||||||
| Revenue per share | $5.65 | $4.74 | $4.77 | $4.37 | $3.97 | $4.06 | $4.66 | $4.23 | $4.24 | $4.19 |
| Earnings per share | $2.53 | $2.06 | $2.17 | $2.50 | $1.43 | $2.43 | $2.03 | $3.89 | $2.20 | $2.21 |
| Operating cash flow per share | $2.92 | $2.83 | $2.52 | $2.64 | $2.33 | $2.96 | $3.08 | $2.90 | $2.66 | $2.74 |
| Free cash flow per share | $2.92 | $2.83 | $2.52 | $2.64 | $2.33 | $2.95 | $3.06 | $2.87 | $2.63 | $2.70 |
| Cash per share | $0.31 | $0.21 | $0.49 | $0.26 | $0.13 | $0.20 | $0.11 | $0.07 | $0.13 | $0.21 |
| Book value per share | $23.09 | $21.71 | $21.31 | $20.67 | $19.03 | $19.76 | $19.75 | $20.91 | $19.14 | $19.17 |
| Tangible book value per share | $22.95 | $11.78 | $21.12 | $20.67 | $19.03 | $19.76 | $19.75 | $20.91 | $19.14 | $19.17 |
| Dividends per share | $2.31 | $2.27 | $2.29 | $2.28 | $2.31 | $2.30 | $2.29 | $2.27 | $2.28 | $2.19 |
| Capex per share | $7.77 | $0.32 | $0.23 | $0.23 | $0.16 | $0.01 | $0.02 | $0.03 | $0.02 | $0.04 |
| Debt per share | $18.14 | $15.47 | $21.55 | $19.16 | $31.54 | $16.54 | $17.44 | $16.19 | $16.84 | $15.79 |
| Shares outstanding | 46.6M | 44.2M | 41.4M | 40.1M | 39.2M | 39.3M | 39.8M | 39.8M | 39.6M | 38.6M |
| Change in shares outstanding | +5.2% | +7.0% | +3.2% | +2.3% | −0.3% | −1.2% | −0.2% | +0.5% | +2.7% | +3.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.6% | 9.9% | 10.5% | 12.7% | 7.3% | 12.2% | 10.0% | 19.5% | 11.7% | 12.2% |
| Return on invested capital (ROIC) | 7.1% | 5.5% | 5.3% | 5.6% | 1.6% | 4.6% | 3.3% | 8.3% | 3.9% | 4.4% |
| Return on assets (ROA) | 6.1% | 5.0% | 5.1% | 6.3% | 3.8% | 6.4% | 5.3% | 10.4% | 6.1% | 6.4% |
| Return on tangible assets | 5.7% | 6.8% | 4.9% | 6.0% | 3.7% | 6.5% | 5.3% | 10.2% | 6.0% | 6.1% |
| Free cash flow margin | 51.7% | 59.6% | 52.9% | 60.3% | 58.7% | 72.6% | 65.8% | 67.8% | 62.1% | 64.5% |
| Income quality (OCF / net income) | 1.15 | 1.37 | 1.16 | 1.06 | 1.63 | 1.22 | 1.52 | 0.75 | 1.21 | 1.24 |
| Financial health | ||||||||||
| Total debt | $844.8M | $684.6M | $891.3M | $767.9M | $1.24B | $649.4M | $693.4M | $645.0M | $667.5M | $609.4M |
| Cash & short-term investments | $14.4M | $9.4M | $20.3M | $10.4M | $5.2M | $7.8M | $4.2M | $2.7M | $5.2M | $8.0M |
| Net debt | $830.4M | $675.2M | $871.0M | $757.5M | $1.23B | $641.6M | $689.1M | $642.4M | $662.3M | $601.4M |
| Debt / equity | 0.79 | 0.71 | 1.01 | 0.93 | 1.66 | 0.84 | 0.88 | 0.77 | 0.88 | 0.82 |
| Debt / assets | 0.41 | 0.38 | 0.48 | 0.46 | 0.82 | 0.44 | 0.46 | 0.43 | 0.46 | 0.44 |
| Net debt / EBITDA | 4.21 | 3.94 | 4.95 | 4.47 | 10.09 | 3.90 | 4.57 | 2.88 | 4.28 | 4.08 |
| Current ratio | 1.63 | 4.29 | 2.42 | 16.21 | 12.06 | 9.97 | 10.75 | 10.19 | 8.94 | 7.53 |
| Quick ratio | 1.63 | 4.29 | 2.37 | 15.93 | 12.06 | 9.97 | 9.00 | 10.02 | 8.85 | 7.53 |
| Interest coverage | 3.6 | 2.3 | 1.9 | 3.2 | 2.0 | 3.2 | 2.7 | 5.0 | 2.8 | 3.2 |
| Working capital | $32.3M | $635.4M | $496.5M | $577.3M | $408.8M | $307.7M | $345.1M | $327.2M | $313.2M | $296.7M |
| Invested capital | $1.91B | $1.64B | $1.75B | $1.59B | $1.98B | $1.42B | $1.47B | $1.48B | $1.42B | $1.34B |
| Tangible asset value | $1.16B | $613.4M | $908.4M | $850.3M | $745.1M | $775.8M | $785.4M | $833.0M | $758.6M | $740.0M |
| Net current asset value | −$815.9M | $95.1M | −$92.6M | −$190.6M | −$313.9M | −$341.7M | −$348.3M | −$317.8M | −$354.3M | −$312.7M |
| Graham number | $36.28 | $31.71 | $32.25 | $34.08 | $24.72 | $32.85 | $30.00 | $42.78 | $30.80 | $30.84 |
| Graham net-net per share | −$17.90 | −$2.74 | −$7.30 | −$8.60 | −$10.91 | −$10.93 | −$10.95 | −$10.35 | −$11.60 | −$10.71 |
| Capital allocation | ||||||||||
| Dividends paid | $107.4M | $100.5M | $94.8M | $91.5M | $90.5M | $90.3M | $90.9M | $90.4M | $90.2M | $84.6M |
| Share buybacks (net) | $5.2M | $0 | $1.6M | $0 | $354,000 | $18.0M | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 91.0% | 110.4% | 105.6% | 91.5% | 162.0% | 94.7% | 112.9% | 58.3% | 103.3% | 99.4% |
| Dividends + buybacks / free cash flow | 82.8% | 80.3% | 92.3% | 86.7% | 99.6% | 93.5% | 74.6% | 79.1% | 86.4% | 81.1% |
| Capex / revenue | 137.7% | 6.7% | 4.9% | 5.2% | 4.1% | 0.2% | 0.3% | 0.7% | 0.5% | 0.9% |
| Capex / operating cash flow | 266.1% | 11.2% | 9.3% | 8.6% | 6.9% | 0.3% | 0.5% | 1.1% | 0.9% | 1.3% |
| Capex / depreciation | 9.55 | 0.38 | 0.26 | 0.24 | 0.16 | 0.01 | 0.02 | 0.03 | 0.02 | 0.04 |
| Stock-based compensation / revenue | 3.5% | 4.3% | 4.3% | 4.5% | 5.0% | 4.4% | 3.5% | 3.5% | 3.1% | 2.6% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 12.2% | 13.0% | 15.2% | 13.5% | 13.8% | 12.4% | 10.0% | 11.4% | 10.4% | 10.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 605.7 | 1,402.8 | 1,298.8 | 1,073.4 | 899.3 | 771.1 | 684.0 | 725.1 | 685.2 | 652.7 |
| Days of inventory on hand | — | 269.0 | 400.3 | 126.2 | — | — | 737.6 | 57.9 | 23.3 | — |
| Days payables outstanding | — | — | — | 882.9 | 845.1 | 844.3 | 773.5 | 399.6 | 388.4 | 447.6 |
| Cash conversion cycle (days) | — | — | — | 316.7 | 54.2 | 677.5 | 648.1 | 383.4 | 320.2 | 205.1 |
| Receivables turnover | 0.60 | 0.26 | 0.28 | 0.34 | 0.41 | 0.47 | 0.53 | 0.50 | 0.53 | 0.56 |
| Payables turnover | — | — | — | 0.41 | 0.43 | 0.43 | 0.47 | 0.91 | 0.94 | 0.82 |
| Inventory turnover | — | 1.36 | 0.91 | 2.89 | — | — | 0.49 | 6.31 | 15.64 | — |
| Asset turnover | 0.14 | 0.12 | 0.11 | 0.11 | 0.10 | 0.11 | 0.12 | 0.11 | 0.12 | 0.12 |
| Average receivables | $436.2M | $806.5M | $701.9M | $515.1M | $382.7M | $336.6M | $347.3M | $335.0M | $315.5M | $288.9M |
| Average payables | — | — | — | $37.5M | $35.6M | $34.8M | $35.5M | $33.1M | $31.9M | $32.4M |
| Average inventory | — | $9.5M | $14.6M | $5.4M | $0 | $31.0M | $33.9M | $4.8M | $1.9M | $0 |
| Intangibles / total assets | 0.3% | 24.6% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from LTC's annual financial statements (latest annual report filed February 24, 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.
LTC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), LTC Properties traded at 13.6 times earnings, against a 10-year median of 16.4. Based on the latest twelve months, the trailing P/E is 15.6 and the forward P/E is 12.5. LTC Properties earned a return on equity of 11.6% and a return on invested capital of 7.1% in fiscal 2025. It ended the year with $844.8 million of debt and $14.4 million in cash and short-term investments, net debt of $830.4 million. It returned $112.6 million to shareholders: $107.4 million in dividends and $5.2 million in share buybacks, 83% of free cash flow. The share count rose 20.6% from 38.6M to 46.6M over 9 years.
See the LTC income statement, the LTC chart for price history, or the LTC stock overview for the latest quote and news.
LTC key metrics FAQ
What is LTC Properties's P/E ratio?
LTC Properties's trailing P/E ratio is 15.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.5. At the end of fiscal 2025 it was 13.6, compared with a 10-year median of 16.4.
What is LTC Properties's EV/EBITDA?
LTC Properties's enterprise value was 12.3 times EBITDA at the end of fiscal 2025 (enterprise value $2.4 billion, EBITDA $197.2 million); the current EV/EBITDA is 13.5.
What is LTC Properties's return on equity?
LTC Properties's return on equity (ROE) was 11.6% in fiscal 2025: net income of $118.0 million on average shareholders' equity of $1.0 billion.
What is LTC Properties's ROIC?
LTC Properties's return on invested capital was 7.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LTC Properties have?
LTC Properties had total debt of $844.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.79 and $830.4 million of net debt (4.21 times EBITDA).
What is LTC Properties's dividend yield?
LTC Properties's forward dividend yield is 5.22%. LTC Properties paid $107.4 million in dividends in fiscal 2025 ($2.31 per share), a payout ratio of 91.0%.
Does LTC Properties buy back its shares?
Yes. LTC Properties spent $5.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +5.2% over the year, to 46.6M..
What is LTC Properties's free cash flow yield?
LTC Properties generated $136.0 million of free cash flow in fiscal 2025, a free cash flow yield of 8.5% on its market value at year-end ($1.6 billion).
What is LTC Properties's current ratio?
LTC Properties's current ratio was 1.63 at the end of fiscal 2025: current assets were 1.63 times current liabilities.