RLJ Lodging Trust (RLJ) Key Metrics
RLJ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.78B
- Enterprise value
- $3.91B
- P/E (TTM)
- — 10-yr median 23.8
- Forward P/E
- —
- PEG ratio
- 2.06
- Price / sales
- 1.3 10-yr median 1.8
- Price / book
- 0.9 10-yr median 0.8
- EV / EBITDA
- 12.0 10-yr median 9.9
- Dividend yield
- 5.12% $0.60 a year
- Beta
- 1.14
RLJ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRLJ valuation Price multiples at each fiscal year-end price.
RLJ returns How much profit the business earns on the capital it uses.
RLJ per-share figures Results divided by the shares outstanding at year-end.
RLJ financial health Debt, liquidity and how easily interest is covered.
RLJ efficiency & capital use Working capital cycle and where the cash goes.
RLJ valuation history
RLJ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RLJ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RLJ cash returned to shareholders
RLJ price vs earnings per share
RLJ key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.11B | $1.57B | $1.83B | $1.72B | $2.28B | $2.33B | $3.04B | $2.86B | $3.09B | $3.03B |
| Enterprise value | $3.02B | $3.50B | $3.66B | $3.75B | $4.15B | $4.14B | $4.47B | $4.77B | $6.56B | $4.16B |
| P/E ratio | 39.1 | 23.0 | 24.0 | 40.9 | — | — | 23.5 | 15.0 | 41.0 | 15.1 |
| Price / sales | 0.8 | 1.1 | 1.4 | 1.4 | 2.9 | 5.0 | 1.9 | 1.6 | 2.3 | 2.6 |
| Price / book | 0.5 | 0.7 | 0.8 | 0.7 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | 1.4 |
| Price / free cash flow | 9.5 | 5.5 | 5.8 | 6.7 | 53.2 | — | 7.6 | 7.2 | 11.9 | 9.2 |
| Price / operating cash flow | 4.6 | 5.5 | 5.8 | 6.7 | 53.2 | — | 7.6 | 7.2 | 11.9 | 9.2 |
| EV / sales | 2.2 | 2.6 | 2.8 | 3.1 | 5.3 | 8.9 | 2.9 | 2.7 | 4.8 | 3.6 |
| EV / EBITDA | 9.5 | 9.7 | 10.3 | 11.7 | — | — | 10.1 | 8.9 | 17.9 | 9.7 |
| EV / free cash flow | 25.7 | 12.2 | 11.6 | 14.6 | 96.6 | — | 11.3 | 12.1 | 25.2 | 12.6 |
| Earnings yield | 2.6% | 4.3% | 4.2% | 2.4% | −13.4% | −17.4% | 4.3% | 6.7% | 2.4% | 6.6% |
| Free cash flow yield | 10.5% | 18.2% | 17.2% | 15.0% | 1.9% | −7.2% | 13.1% | 13.8% | 8.4% | 10.9% |
| Dividend yield | 10.4% | 6.1% | 4.0% | 2.2% | 1.4% | 3.7% | 8.4% | 9.0% | 5.7% | 5.4% |
| Shareholder yield (dividends + buybacks) | 13.3% | 8.0% | 8.4% | 5.8% | 1.5% | 6.5% | 12.5% | 9.9% | 5.9% | 6.0% |
| Share price at fiscal year-end | $7.45 | $10.21 | $11.72 | $10.59 | $13.93 | $14.15 | $17.72 | $16.40 | $21.97 | $24.49 |
| Per share | ||||||||||
| Revenue per share | $9.02 | $8.92 | $8.47 | $7.37 | $4.79 | $2.82 | $9.15 | $10.10 | $9.64 | $9.36 |
| Earnings per share | $0.19 | $0.44 | $0.49 | $0.26 | −$1.86 | −$2.46 | $0.75 | $1.09 | $0.54 | $1.62 |
| Operating cash flow per share | $1.63 | $1.86 | $2.01 | $1.58 | $0.26 | −$1.03 | $2.32 | $2.27 | $1.85 | $2.67 |
| Free cash flow per share | $0.78 | $1.86 | $2.01 | $1.58 | $0.26 | −$1.03 | $2.32 | $2.26 | $1.85 | $2.67 |
| Cash per share | $2.74 | $2.67 | $3.30 | $2.97 | $4.06 | $5.47 | $5.15 | $1.84 | $4.17 | $3.69 |
| Book value per share | $14.50 | $14.89 | $14.93 | $15.00 | $14.72 | $16.34 | $18.83 | $20.06 | $25.38 | $18.04 |
| Tangible book value per share | $14.50 | $14.89 | $14.93 | $15.00 | $14.72 | $16.34 | $18.59 | $19.76 | $24.43 | $18.03 |
| Dividends per share | $0.78 | $0.62 | $0.47 | $0.24 | $0.19 | $0.52 | $1.48 | $1.48 | $1.26 | $1.33 |
| Capex per share | $0.84 | $0.89 | $0.85 | $1.13 | $1.36 | $0.45 | $3.08 | $0.00 | $0.00 | $0.00 |
| Debt per share | $15.47 | $15.24 | $14.97 | $15.51 | $15.44 | $16.48 | $13.52 | $12.78 | $28.80 | $12.78 |
| Shares outstanding | 149.7M | 153.5M | 156.6M | 161.9M | 164.0M | 164.5M | 171.4M | 174.3M | 140.7M | 123.9M |
| Change in shares outstanding | −2.5% | −2.0% | −3.3% | −1.3% | −0.3% | −4.0% | −1.7% | +23.9% | +13.6% | −3.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.3% | 2.9% | 3.2% | 1.7% | −12.0% | −13.7% | 3.8% | 5.4% | 2.6% | 9.0% |
| Return on invested capital (ROIC) | 2.9% | 3.5% | 3.5% | 2.7% | −0.9% | −1.2% | 8.8% | 4.0% | 2.2% | 6.0% |
| Return on assets (ROA) | 0.6% | 1.4% | 1.5% | 0.8% | −5.7% | −7.1% | 2.2% | 3.0% | 1.4% | 5.0% |
| Return on tangible assets | 0.6% | 1.4% | 1.6% | 0.8% | −5.9% | −7.2% | 2.2% | 3.2% | 1.1% | 5.0% |
| Free cash flow margin | 8.7% | 20.8% | 23.8% | 21.5% | 5.5% | −36.3% | 25.3% | 22.4% | 19.2% | 28.5% |
| Income quality (OCF / net income) | 8.55 | 4.20 | 4.12 | 6.12 | — | — | 3.08 | 2.08 | 3.46 | 1.65 |
| Financial health | ||||||||||
| Total debt | $2.32B | $2.34B | $2.34B | $2.51B | $2.53B | $2.71B | $2.32B | $2.23B | $4.05B | $1.58B |
| Cash & short-term investments | $410.2M | $409.8M | $516.7M | $481.3M | $665.3M | $899.8M | $882.5M | $320.1M | $586.5M | $456.7M |
| Net debt | $1.91B | $1.93B | $1.83B | $2.03B | $1.87B | $1.81B | $1.43B | $1.91B | $3.47B | $1.13B |
| Debt / equity | 1.07 | 1.02 | 1.00 | 1.03 | 1.05 | 1.01 | 0.72 | 0.64 | 1.13 | 0.71 |
| Debt / assets | 0.49 | 0.48 | 0.48 | 0.50 | 0.49 | 0.48 | 0.40 | 0.37 | 0.60 | 0.39 |
| Net debt / EBITDA | 5.98 | 5.37 | 5.15 | 6.36 | — | — | 3.24 | 3.56 | 9.47 | 2.63 |
| Current ratio | 2.04 | 2.02 | 2.84 | 3.42 | 4.26 | 5.24 | 4.09 | 1.82 | 2.56 | 3.35 |
| Quick ratio | 2.04 | 2.02 | 2.95 | 3.13 | 4.00 | 5.05 | 3.91 | 1.59 | 2.33 | 2.98 |
| Interest coverage | 1.1 | 1.4 | 1.6 | 1.3 | -0.5 | -0.7 | 4.9 | 2.5 | 2.3 | 3.7 |
| Working capital | $254.8M | $251.4M | $414.4M | $462.8M | $595.8M | $793.7M | $774.9M | $227.0M | $481.0M | $428.1M |
| Invested capital | $4.07B | $4.21B | $4.16B | $4.46B | $4.28B | $4.50B | $4.66B | $5.40B | $7.04B | $3.36B |
| Tangible asset value | $2.18B | $2.30B | $2.35B | $2.43B | $2.41B | $2.69B | $3.19B | $3.44B | $3.44B | $2.23B |
| Net current asset value | −$2.06B | −$2.09B | −$1.93B | −$1.90B | −$1.96B | −$1.95B | −$1.60B | −$2.00B | −$2.44B | −$1.18B |
| Graham number | $7.88 | $12.18 | $12.80 | $9.35 | — | — | $17.87 | $22.19 | $17.48 | $25.62 |
| Graham net-net per share | −$14.21 | −$14.05 | −$13.06 | −$12.42 | −$12.33 | −$12.17 | −$9.86 | −$12.14 | −$18.17 | −$10.32 |
| Capital allocation | ||||||||||
| Dividends paid | $116.5M | $94.9M | $74.3M | $38.4M | $31.8M | $86.1M | $253.7M | $257.8M | $176.7M | $164.4M |
| Share buybacks (net) | $32.1M | $31.0M | $80.4M | $61.2M | $2.5M | $64.2M | $125.2M | $25.4M | $5.7M | $18.8M |
| Dividend payout ratio | 408.6% | 139.6% | 97.3% | 91.6% | — | — | 196.4% | 135.6% | 234.6% | 82.0% |
| Dividends + buybacks / free cash flow | 126.6% | 44.1% | 49.1% | 38.8% | 80.0% | — | 95.4% | 71.8% | 70.0% | 55.3% |
| Capex / revenue | 9.4% | 10.0% | 10.0% | 15.4% | 28.4% | 15.8% | 33.7% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 51.8% | 47.8% | 42.0% | 71.6% | 518.9% | — | 133.0% | 0.1% | 0.1% | 0.1% |
| Capex / depreciation | 0.68 | 0.74 | 0.72 | 0.98 | 1.20 | 0.38 | 2.52 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 1.1% | 1.5% | 1.8% | 1.8% | 2.2% | 2.7% | 0.7% | 0.7% | 0.8% | 0.5% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 3.5% | 4.0% | 4.5% | 4.7% | 6.0% | 8.9% | 2.9% | 2.8% | 3.0% | 3.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 7.5 | 6.9 | 8.9 | 10.6 | 10.3 | 20.9 | 10.7 | 11.6 | 11.6 | 8.1 |
| Days of inventory on hand | — | — | 5.8 | 22.7 | 25.4 | 29.4 | 18.5 | 20.7 | 28.2 | 30.0 |
| Days payables outstanding | 39.7 | 56.0 | 59.3 | 68.3 | 99.5 | 131.2 | 65.6 | 64.7 | 73.3 | 65.2 |
| Cash conversion cycle (days) | -32.2 | -49.2 | -44.6 | -34.9 | -63.8 | -81.0 | -36.4 | -32.4 | -33.5 | -27.0 |
| Receivables turnover | 48.96 | 53.02 | 40.98 | 34.29 | 35.36 | 17.50 | 34.13 | 31.42 | 31.53 | 44.81 |
| Payables turnover | 9.19 | 6.51 | 6.16 | 5.35 | 3.67 | 2.78 | 5.57 | 5.65 | 4.98 | 5.60 |
| Inventory turnover | — | — | — | 16.05 | 14.38 | 12.42 | 19.71 | 17.66 | 12.92 | 12.15 |
| Asset turnover | 0.28 | 0.28 | 0.27 | 0.24 | 0.15 | 0.08 | 0.26 | 0.28 | 0.25 | 0.29 |
| Average receivables | $27.6M | $25.8M | $32.3M | $34.8M | $22.2M | $26.6M | $45.9M | $56.1M | $43.0M | $25.9M |
| Average payables | $148.1M | $151.2M | $151.9M | $155.5M | $163.7M | $177.9M | $193.6M | $214.7M | $181.4M | $133.1M |
| Average inventory | — | — | $14.8M | $51.8M | $41.8M | $39.8M | $54.7M | $68.7M | $69.9M | $61.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 0.9% | 2.0% | 0.1% |
Computed from RLJ's annual financial statements (latest annual report filed February 27, 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.
RLJ valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), RLJ Lodging traded at 39.1 times earnings, against a 10-year median of 23.8. RLJ Lodging earned a return on equity of 1.3% and a return on invested capital of 2.9% in fiscal 2025. It ended the year with $2.3 billion of debt and $410.2 million in cash and short-term investments, net debt of $1.9 billion. It returned $148.6 million to shareholders: $116.5 million in dividends and $32.1 million in share buybacks, 127% of free cash flow. The share count rose 20.8% from 123.9M to 149.7M over 9 years.
See the RLJ income statement, the RLJ chart for price history, or the RLJ stock overview for the latest quote and news.
RLJ key metrics FAQ
What is RLJ Lodging's P/E ratio?
RLJ Lodging traded at 39.1 times earnings at the end of fiscal 2025.
What is RLJ Lodging's EV/EBITDA?
RLJ Lodging's enterprise value was 9.5 times EBITDA at the end of fiscal 2025 (enterprise value $3.0 billion, EBITDA $318.4 million); the current EV/EBITDA is 12.0.
What is RLJ Lodging's return on equity?
RLJ Lodging's return on equity (ROE) was 1.3% in fiscal 2025: net income of $28.5 million on average shareholders' equity of $2.2 billion.
What is RLJ Lodging's ROIC?
RLJ Lodging's return on invested capital was 2.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does RLJ Lodging have?
RLJ Lodging had total debt of $2.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.07 and $1.9 billion of net debt (5.98 times EBITDA).
What is RLJ Lodging's dividend yield?
RLJ Lodging's forward dividend yield is 5.12%. RLJ Lodging paid $116.5 million in dividends in fiscal 2025 ($0.78 per share), a payout ratio of 408.6%.
Does RLJ Lodging buy back its shares?
Yes. RLJ Lodging spent $32.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.5% over the year, to 149.7M..
What is RLJ Lodging's free cash flow yield?
RLJ Lodging generated $117.4 million of free cash flow in fiscal 2025, a free cash flow yield of 10.5% on its market value at year-end ($1.1 billion).
What is RLJ Lodging's current ratio?
RLJ Lodging's current ratio was 2.04 at the end of fiscal 2025: current assets were 2.04 times current liabilities.