Start with its own history
At 165.19×, VTR is 29.7% above its 8-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · VTRREIT - Healthcare FacilitiesUpdated Nov 5, 2026
Ventas, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
165.19×
29.7% abovethe 8-observation annual average
Share price89.2
÷Earnings per share0.54
Price and EPS in quote currency. Calculation details
Investors are paying 165.19 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 127.35×
3-year average217.57×2 positive annual observations
5-year average276.12×3 positive annual observations
10-year average127.35×8 positive annual observations
Peer median · TTM23.57×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 140.69× | -52.2% |
| Dec 31, 2024 | 294.45× | N/M |
| Dec 31, 2023 | N/M | N/M |
| Dec 31, 2022 | N/M | N/M |
| Dec 31, 2021 | 393.23× | +846.2% |
| Dec 31, 2020 | 41.56× | -15.1% |
| Dec 31, 2019 | 48.93× | -4.0% |
| Dec 31, 2018 | 50.95× | +224.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 15.71× | -52.8% |
| Dec 31, 2016 | 33.26× | -25.7% |
| Dec 31, 2015 | 44.79× | +15.5% |
| Dec 31, 2014 | 38.76× | +19.8% |
| Dec 31, 2013 | 32.36× | -29.2% |
| Dec 31, 2012 | 45.71× | +51.5% |
| Dec 31, 2011 | 30.18× | +3.1% |
| Dec 31, 2010 | 29.27× | +33.7% |
| Dec 31, 2009 | 21.89× | +20.6% |
| Dec 31, 2008 | 18.15× | +3.5% |
| Dec 31, 2007 | 17.54× | -40.4% |
| Dec 31, 2006 | 29.41× | +43.7% |
| Dec 31, 2005 | 20.47× | +23.7% |
| Dec 31, 2004 | 16.55× | +76.1% |
| Dec 31, 2003 | 9.40× | -11.0% |
| Dec 31, 2002 | 10.56× | -22.4% |
| Dec 31, 2001 | 13.61× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How VTR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 VTR This stockVentas, Inc. | 165.19× |
 WELLWelltower Inc. | 119.80× |
 OHIOmega Healthcare Investors, Inc. | 19.43× |
 NHINational Health Investors, Inc. | 20.54× |
 AHRAmerican Healthcare REIT, Inc. | 82.81× |
 NHPNational Healthcare Properties, Inc. (NHP) | N/M |
 CTRECareTrust REIT, Inc. | 23.57× |
 SBRASabra Health Care REIT, Inc. | 75.32× |
 MPTMedical Properties Trust, Inc. | 4.91× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does VTR’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 23.57×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take VTR into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("VTR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 89.2 ÷ EPS 0.54 = 165.19×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
VTR P/E ratio: common questions
The essentials behind the numbers.
Ventas, Inc.'s current P/E is 165.19× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.