Welltower Inc.
WELL Real Estate Reit Healthcare Facilities
Welltower Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.8 billion, up 35.6% from fiscal 2024. In the quarter to June 2026, revenue grew 39.1%, EPS grew 37.0%, free cash flow grew 142.9% and total debt rose 11.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Welltower Inc. (WELL) P/B ratio
As of 9 October 2026, Welltower Inc. (WELL) trades at a P/B ratio of 3.4×. Over the past ten years it has ranged from 0.8× (March 2020) to 3.8× (July 2026); the current reading is higher than 97% of that period. That is above the Reit Healthcare Facilities industry median of 1.8× and above the Real Estate sector median of 1.1×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.9× | 22.36% |
| FY2024 | 2.4× | 31.80% |
| FY2023 | 1.8× | 21.14% |
| FY2022 | 1.5× | (24.86%) |
| FY2021 | 2.0× | 23.25% |
| FY2020 | 1.6× | (20.12%) |
| FY2019 | 2.0× | 14.14% |
| FY2018 | 1.7× | 5.38% |
| FY2017 | 1.7× | (0.34%) |
| FY2016 | 1.7× | (0.67%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 3.4× | 9.78% |
| Mar 2026 | 3.1× | 7.50% |
| Dec 2025 | 2.9× | (6.25%) |
| Sep 2025 | 3.1× | 10.26% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| DOC Healthpeak Properties, Inc. compare | 1.4× |
| HR Healthcare Realty Trust Incorporated compare | 1.4× |
| SBRA Sabra Healthcare REIT, Inc. compare | 1.7× |
| CTRE CareTrust REIT, Inc. compare | 1.9× |
| NHI National Health Investors, Inc. compare | 2.0× |
| OHI Omega Healthcare Investors, Inc. compare | 2.4× |
| AHR American Healthcare REIT, Inc. compare | 2.6× |
| VTR Ventas, Inc. compare | 2.7× |
| WELL Welltower Inc. | 3.4× |
| Reit Healthcare Facilities industry median | 1.8× |
| Real Estate sector median | 1.1× |
| Market median | 1.8× |
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))
More on WELL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement