American Healthcare REIT, Inc.

AHR Real Estate Reit Healthcare Facilities

American Healthcare REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.15% from fiscal 2024.

Revenue
+29.5%
EPS
−57.6%
Free cash flow
+9.53%
Total debt
−64.6%

Quarter to September 2026, against a year earlier

57.92 1.88 +3.35%
Market cap
$12.3B
P/E
118×
Fwd P/E
86.5×
Dividend yield
1.73%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

American Healthcare REIT, Inc. (AHR) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, American Healthcare REIT, Inc. (AHR) trades at a P/B ratio of 2.2×. Over the past ten years it has ranged from 0.6× (February 2024) to 3.2× (November 2025); the current reading is higher than 49% of that period. That is above the Reit Healthcare Facilities industry median of 1.7× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 2.3× 44.29%
FY2024 1.6× 163.06%
FY2023 0.6× 0.00%
FY2022 0.6× 0.00%
FY2021 0.6× 0.00%
FY2020 0.6× 0.00%
FY2019 0.6× 0.00%
FY2018 0.6× 0.00%
FY2017 0.6× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.0× (25.89%)
Jun 2026 2.7× 7.06%
Mar 2026 2.5× 7.89%
Dec 2025 2.3× (10.92%)
37 more quarters

Against its own ten years

Low 0.6× High 3.2×
Ten-year median 2.3×
Current reading's percentile 49

P/B ratio against peers

Company P/B ratio
DOC Healthpeak Properties, Inc. compare 1.3×
LTC LTC Properties, Inc. compare 1.4×
HR Healthcare Realty Trust Incorporated compare 1.6×
CTRE CareTrust REIT, Inc. compare 1.7×
SBRA Sabra Healthcare REIT, Inc. compare 1.9×
NHI National Health Investors, Inc. compare 2.2×
AHR American Healthcare REIT, Inc. 2.2×
OHI Omega Healthcare Investors, Inc. compare 2.5×
VTR Ventas, Inc. compare 2.9×
Reit Healthcare Facilities industry median 1.7×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on AHR