Pebblebrook Hotel Trust (PEB) Key Metrics
PEB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.19B
- Enterprise value
- $4.21B
- P/E (TTM)
- — 10-yr median 29.8
- Forward P/E
- 24.6
- PEG ratio
- 3.21
- Price / sales
- 1.5 10-yr median 2.4
- Price / book
- 0.9 10-yr median 0.7
- EV / EBITDA
- 15.0 10-yr median 14.6
- Dividend yield
- 0.21% $0.04 a year
- Beta
- 1.44
PEB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPEB valuation Price multiples at each fiscal year-end price.
PEB returns How much profit the business earns on the capital it uses.
PEB per-share figures Results divided by the shares outstanding at year-end.
PEB financial health Debt, liquidity and how easily interest is covered.
PEB efficiency & capital use Working capital cycle and where the cash goes.
PEB valuation history
PEB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PEB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PEB cash returned to shareholders
PEB price vs earnings per share
PEB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.32B | $1.62B | $1.95B | $1.75B | $2.93B | $2.46B | $3.50B | $2.10B | $2.60B | $2.15B |
| Enterprise value | $3.60B | $3.98B | $4.40B | $4.60B | $5.63B | $5.12B | $5.87B | $4.94B | $3.46B | $3.12B |
| P/E ratio | — | — | — | — | — | — | 30.4 | 157.0 | 26.0 | 29.2 |
| Price / sales | 0.9 | 1.1 | 1.4 | 1.3 | 4.0 | 5.5 | 2.2 | 2.5 | 3.4 | 2.6 |
| Price / book | 0.5 | 0.6 | 0.7 | 0.6 | 0.9 | 0.8 | 1.0 | 0.6 | 1.7 | 1.3 |
| Price / free cash flow | 8.7 | 5.9 | 8.2 | 6.3 | 41.3 | — | 8.9 | 15.5 | 13.3 | 8.9 |
| Price / operating cash flow | 5.3 | 5.9 | 8.2 | 6.3 | 41.3 | — | 8.9 | 15.5 | 13.3 | 8.9 |
| EV / sales | 2.4 | 2.7 | 3.1 | 3.3 | 7.7 | 11.6 | 3.6 | 6.0 | 4.5 | 3.8 |
| EV / EBITDA | 13.1 | 13.0 | 16.0 | 19.3 | 45.1 | — | 12.8 | 28.2 | 14.6 | 14.3 |
| EV / free cash flow | 23.6 | 14.5 | 18.6 | 16.5 | 79.5 | — | 14.9 | 36.4 | 17.7 | 12.9 |
| Earnings yield | −5.0% | −0.3% | −4.0% | −5.0% | −6.3% | −16.0% | 3.3% | 0.6% | 3.8% | 3.4% |
| Free cash flow yield | 11.5% | 16.9% | 12.1% | 16.0% | 2.4% | −8.2% | 11.3% | 6.4% | 7.5% | 11.2% |
| Dividend yield | 3.9% | 3.2% | 2.8% | 3.0% | 1.5% | 3.5% | 6.2% | 5.8% | 4.7% | 5.9% |
| Shareholder yield (dividends + buybacks) | 9.9% | 4.2% | 7.5% | 8.0% | 10.1% | 3.6% | 6.3% | 5.9% | 8.4% | 16.5% |
| Share price at fiscal year-end | $11.32 | $13.55 | $15.98 | $13.39 | $22.37 | $18.80 | $26.81 | $28.31 | $37.17 | $29.75 |
| Per share | ||||||||||
| Revenue per share | $12.61 | $12.13 | $11.66 | $10.67 | $5.60 | $3.39 | $12.33 | $11.16 | $10.99 | $11.28 |
| Earnings per share | −$0.56 | −$0.04 | −$0.64 | −$0.67 | −$1.41 | −$3.00 | $0.88 | $0.18 | $1.43 | $1.02 |
| Operating cash flow per share | $2.13 | $2.30 | $1.94 | $2.14 | $0.54 | −$1.54 | $3.02 | $1.83 | $2.79 | $3.33 |
| Free cash flow per share | $1.30 | $2.30 | $1.94 | $2.14 | $0.54 | −$1.54 | $3.02 | $1.82 | $2.79 | $3.33 |
| Cash per share | $1.57 | $1.73 | $1.51 | $0.31 | $0.45 | $0.95 | $0.23 | $1.12 | $0.36 | $0.46 |
| Book value per share | $21.09 | $22.52 | $23.40 | $23.64 | $24.13 | $24.94 | $27.78 | $50.63 | $21.42 | $22.19 |
| Tangible book value per share | $21.09 | $22.52 | $23.40 | $23.64 | $24.13 | $24.94 | $27.78 | $47.94 | $21.00 | $21.78 |
| Dividends per share | $0.44 | $0.43 | $0.44 | $0.40 | $0.34 | $0.66 | $1.66 | $1.64 | $1.76 | $1.76 |
| Capex per share | $0.83 | $1.07 | $1.65 | $2.79 | $2.58 | $0.96 | $0.01 | $0.00 | $0.00 | $0.00 |
| Debt per share | $21.00 | $21.44 | $21.68 | $22.19 | $21.11 | $21.37 | $18.32 | $39.27 | $12.65 | $13.77 |
| Shares outstanding | 117.0M | 119.8M | 121.8M | 130.5M | 130.8M | 130.6M | 130.7M | 74.3M | 70.0M | 72.4M |
| Change in shares outstanding | −2.3% | −1.7% | −6.6% | −0.3% | +0.1% | −0.1% | +76.0% | +6.1% | −3.3% | −0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.5% | −0.2% | −2.6% | −2.8% | −5.8% | −11.4% | 3.1% | 0.5% | 6.4% | 4.4% |
| Return on invested capital (ROIC) | 1.2% | 1.3% | 0.5% | 0.2% | −1.2% | −3.9% | 3.5% | 1.3% | 4.9% | 5.1% |
| Return on assets (ROA) | −1.2% | −0.1% | −1.3% | −1.4% | −3.0% | −6.2% | 1.7% | 0.3% | 3.7% | 2.5% |
| Return on tangible assets | −1.2% | −0.1% | −1.3% | −1.4% | −3.0% | −6.4% | 1.8% | 0.2% | 3.9% | 2.7% |
| Free cash flow margin | 10.3% | 18.9% | 16.6% | 20.0% | 9.7% | −45.6% | 24.5% | 16.4% | 25.3% | 29.5% |
| Income quality (OCF / net income) | — | — | — | — | — | — | 3.42 | 10.13 | 1.95 | 3.27 |
| Financial health | ||||||||||
| Total debt | $2.46B | $2.57B | $2.64B | $2.89B | $2.76B | $2.79B | $2.39B | $2.92B | $885.2M | $996.3M |
| Cash & short-term investments | $184.2M | $206.7M | $183.7M | $41.0M | $58.5M | $124.3M | $30.1M | $83.4M | $25.4M | $33.4M |
| Net debt | $2.27B | $2.36B | $2.46B | $2.85B | $2.70B | $2.67B | $2.36B | $2.83B | $859.8M | $962.8M |
| Debt / equity | 1.00 | 0.95 | 0.93 | 0.94 | 0.87 | 0.86 | 0.66 | 0.78 | 0.59 | 0.62 |
| Debt / assets | 0.46 | 0.45 | 0.45 | 0.47 | 0.44 | 0.46 | 0.37 | 0.42 | 0.34 | 0.35 |
| Net debt / EBITDA | 8.26 | 7.71 | 8.95 | 11.97 | 21.65 | — | 5.17 | 16.20 | 3.62 | 4.43 |
| Current ratio | 0.70 | 0.72 | 0.30 | 0.29 | 0.38 | 0.70 | 0.26 | 0.53 | 0.58 | 0.58 |
| Quick ratio | 0.70 | 0.72 | 0.33 | −16.93 | −17.71 | 0.70 | 0.26 | 0.53 | 0.58 | 0.58 |
| Interest coverage | 0.7 | 0.8 | 0.4 | 0.2 | -1.0 | -2.8 | 2.1 | 1.2 | 3.2 | 3.2 |
| Working capital | −$97.9M | −$98.5M | −$556.7M | −$243.8M | −$206.7M | −$82.1M | −$471.4M | −$217.1M | −$77.3M | −$77.8M |
| Invested capital | $4.74B | $5.06B | $5.31B | $5.94B | $5.86B | $5.92B | $6.00B | $6.59B | $2.36B | $2.57B |
| Tangible asset value | $2.56B | $2.79B | $2.85B | $3.08B | $3.16B | $3.26B | $3.63B | $3.56B | $1.47B | $1.58B |
| Net current asset value | −$2.56B | −$2.65B | −$2.74B | −$2.95B | −$2.97B | −$2.62B | −$2.70B | −$2.96B | −$982.0M | −$1.09B |
| Graham number | — | — | — | — | — | — | $23.50 | $14.33 | $26.23 | $22.55 |
| Graham net-net per share | −$22.01 | −$22.29 | −$22.74 | −$0.28 | $0.22 | −$20.52 | −$21.41 | −$41.46 | −$14.86 | −$15.83 |
| Capital allocation | ||||||||||
| Dividends paid | $51.9M | $52.0M | $53.6M | $52.7M | $44.7M | $86.5M | $217.4M | $121.8M | $123.4M | $127.1M |
| Share buybacks (net) | $78.7M | $16.9M | $92.8M | $86.7M | $250.7M | $1.3M | $4.0M | $2.5M | $96.0M | $227.5M |
| Dividend payout ratio | — | — | — | — | — | — | 188.3% | 909.6% | 123.6% | 172.4% |
| Dividends + buybacks / free cash flow | 85.8% | 25.1% | 62.0% | 50.0% | 417.5% | — | 56.1% | 91.7% | 112.5% | 147.0% |
| Capex / revenue | 6.6% | 8.9% | 14.1% | 26.1% | 46.0% | 28.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 39.0% | 46.8% | 84.9% | 130.6% | 476.7% | — | 0.2% | 0.1% | 0.0% | 0.0% |
| Capex / depreciation | 0.43 | 0.56 | 0.83 | 1.52 | 1.50 | 0.56 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 0.9% | 0.9% | 0.9% | 0.8% | 1.6% | 5.1% | 0.5% | 0.8% | 0.7% | 1.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 3.4% | 3.3% | 3.2% | 2.8% | 5.2% | 10.2% | 2.1% | 2.7% | 3.1% | 3.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.1 | 10.4 | 11.5 | 10.8 | 11.8 | 24.7 | 12.4 | 19.6 | 13.5 | 11.8 |
| Days of inventory on hand | — | — | 1,001.9 | 2,160.9 | 1,824.0 | 0.0 | — | 0.0 | — | 0.0 |
| Days payables outstanding | 48.9 | 77.4 | 83.8 | 90.6 | 143.1 | 274.6 | 145.6 | 161.7 | 102.7 | 99.4 |
| Cash conversion cycle (days) | -39.8 | -66.9 | 929.6 | 2,081.1 | 1,692.7 | -249.9 | -133.2 | -142.1 | -89.2 | -87.6 |
| Receivables turnover | 40.26 | 35.00 | 31.85 | 33.82 | 31.02 | 14.80 | 29.44 | 18.60 | 27.04 | 30.95 |
| Payables turnover | 7.46 | 4.72 | 4.36 | 4.03 | 2.55 | 1.33 | 2.51 | 2.26 | 3.55 | 3.67 |
| Inventory turnover | — | — | — | 0.17 | 0.20 | 493,759,000.00 | — | 1,132,050.00 | — | 1,068,824,000.00 |
| Asset turnover | 0.27 | 0.25 | 0.24 | 0.22 | 0.12 | 0.07 | 0.24 | 0.17 | 0.28 | 0.28 |
| Average receivables | $36.7M | $41.5M | $44.6M | $41.2M | $23.6M | $29.9M | $54.8M | $44.6M | $28.4M | $26.4M |
| Average payables | $210.9M | $230.4M | $244.6M | $250.6M | $238.5M | $371.4M | $438.4M | $250.8M | $145.3M | $145.6M |
| Average inventory | — | — | $2.93B | $5.98B | $3.04B | $1 | — | $500 | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.9% | 1.1% | 1.1% |
Computed from PEB'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.
PEB valuation and financial ratios
Pebblebrook Hotel earned a return on equity of −2.5% and a return on invested capital of 1.2% in fiscal 2025. It ended the year with $2.5 billion of debt and $184.2 million in cash and short-term investments, net debt of $2.3 billion. It returned $130.6 million to shareholders: $51.9 million in dividends and $78.7 million in share buybacks, 86% of free cash flow. The share count rose 61.7% from 72.4M to 117.0M over 9 years.
See the PEB income statement, the PEB chart for price history, or the PEB stock overview for the latest quote and news.
PEB key metrics FAQ
What is Pebblebrook Hotel's EV/EBITDA?
Pebblebrook Hotel's enterprise value was 13.1 times EBITDA at the end of fiscal 2025 (enterprise value $3.6 billion, EBITDA $275.1 million); the current EV/EBITDA is 15.0.
What is Pebblebrook Hotel's return on equity?
Pebblebrook Hotel's return on equity (ROE) was −2.5% in fiscal 2025: net income of -$65.8 million on average shareholders' equity of $2.6 billion.
What is Pebblebrook Hotel's ROIC?
Pebblebrook Hotel's return on invested capital was 1.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pebblebrook Hotel have?
Pebblebrook Hotel had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.00 and $2.3 billion of net debt (8.26 times EBITDA).
What is Pebblebrook Hotel's dividend yield?
Pebblebrook Hotel's forward dividend yield is 0.21%. Pebblebrook Hotel paid $51.9 million in dividends in fiscal 2025 ($0.44 per share), a payout ratio of —.
Does Pebblebrook Hotel buy back its shares?
Yes. Pebblebrook Hotel spent $78.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.3% over the year, to 117.0M..
What is Pebblebrook Hotel's free cash flow yield?
Pebblebrook Hotel generated $152.3 million of free cash flow in fiscal 2025, a free cash flow yield of 11.5% on its market value at year-end ($1.3 billion).
What is Pebblebrook Hotel's current ratio?
Pebblebrook Hotel's current ratio was 0.70 at the end of fiscal 2025: current assets were 0.70 times current liabilities.