VTR

NYSE

Ventas, Inc.

Real Estate, Health Care REITs

$93.36

close 7 Aug 2026

+36.27%

52-week change

$47.89B

market cap

$66.38

$101.60

52-week range

Expected price

$81.56 – $99.69

Current price

$93.36

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)172.89x

P/S (TTM)7.43x

P/B3.27x

EV/EBITDA (TTM)25.81x

FCF yield (TTM)-2.44%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average617.80x

P/E, sector median34.68x*

Price at 5-year median P/E$87.65*

Indicated dividend yield2.23%

Forward — analyst consensus

Forward P/E (FY2026)153.05x*

Forward P/E (FY2027)114.32x

Forward PEG4.52*

Consensus EPS FY2026 (1 analysts)$0.6100

EPS growth (FY2026→FY2027)33.88%

Revenue growth (FY2026)19.75%

Street view

Price target (mean)$100.64*

Target upside7.79%

Ratings (buy / hold / sell)18 / 5 / 0

FY2026 EPS revisions, 30d (up / down)0 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$93.36

Cash & equivalents$198.96M

Total debt$13.03B

Shares outstanding512.95M

Result

DCF price per share-$76.58

Current price$93.36

Margin of safety-182.03%

PV of years 1–10-$10.03B

PV of terminal value-$16.42B

Equity value-$39.28B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$1.23B	-$1.29B	-$1.35B	-$1.42B	-$1.49B	-$1.56B	-$1.64B	-$1.72B	-$1.81B	-$1.90B	-$35.44B
PV	-$1.14B	-$1.10B	-$1.07B	-$1.04B	-$1.01B	-$985.93M	-$958.54M	-$931.92M	-$906.03M	-$880.86M	-$16.42B

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026