Apple Hospitality REIT
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
14.1012.92
Price/Sales ratio
1.921.87
Earnings per Share (EPS)
$0.88$0.96

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
492.3730.6926.3624.0115.8921.16-16.66194.1624.9421.4618.1115.89
Price/Sales ratio
4.184.003.663.532.572.874.793.912.912.832.622.57
Price/Book Value ratio
1.111.351.081.220.961.100.951.161.131.141.120.96
Price/Cash Flow ratio
13.3412.8011.4811.398.099.53107.9716.809.809.549.128.09
Price/Free Cash Flow ratio
18.2616.4514.2813.639.9011.86-132.1918.3411.6811.649.6311.86
Price/Earnings Growth ratio
-5.070.011.553.041.62-1.460.08-1.750.030.96-15.21-1.46
Dividend Yield
6.93%6.36%6.00%6.11%8.42%7.38%2.33%0.18%3.86%6.25%5.69%7.38%
Profitability Indicator Ratios
Gross Profit Margin
37.27%37.31%37.55%37.17%36.88%36.68%20.16%34.23%36.74%36%25.78%36.68%
Operating Profit Margin
4.02%15.14%17.79%17.30%20.29%18.45%-17.91%9.32%16.67%18.41%19.07%19.07%
Pretax Profit Margin
1.09%13.15%13.93%14.80%16.26%13.62%-28.72%2.06%11.84%13.29%14.59%14.59%
Net Profit Margin
0.85%13.05%13.89%14.73%16.22%13.57%-28.77%2.01%11.69%13.20%14.53%14.53%
Effective Tax Rate
22.36%0.75%0.29%0.46%0.28%0.39%-0.19%2.42%1.32%0.63%0.47%0.28%
Return on Assets
0.18%3.15%2.90%3.72%4.18%3.47%-3.58%0.39%3.03%3.59%4.08%4.08%
Return On Equity
0.22%4.43%4.11%5.11%6.04%5.22%-5.71%0.59%4.55%5.33%9.65%6.04%
Return on Capital Employed
0.91%4.37%4.04%4.57%5.34%4.84%-2.27%1.85%4.43%5.14%5.60%5.34%
Liquidity Ratios
Current Ratio
N/A0.240.250.280.160.440.30N/AN/AN/A0.440.16
Quick Ratio
1.010.030.25-0.00-0.00-2.20-0.29-0.390.740.730.44-0.00
Cash ratio
N/A0.030.070.130.31-1.890.050.030.030.070.02-1.89
Days of Sales Outstanding
10.4310.1714.609.358.477.9013.4215.6512.779.8914.848.47
Days of Inventory outstanding
N/A16.03N/A28.8728.73148.1469.0769.51N/AN/AN/A148.14
Operating Cycle
10.4326.2114.6038.2237.20156.0482.4985.1612.779.8914.84156.04
Days of Payables Outstanding
40.2123.3525.6624.7048.8952.0574.3355.0754.0755.1439.0652.05
Cash Conversion Cycle
-29.772.86-11.0513.52-11.68103.988.1630.09-41.30-45.24-24.21103.98
Debt Ratios
Debt Ratio
0.180.260.260.250.280.310.300.280.280.250.290.28
Debt Equity Ratio
0.230.370.380.340.410.460.480.430.420.370.450.41
Long-term Debt to Capitalization
0.180.240.260.250.280.310.310.300.300.270.290.28
Total Debt to Capitalization
0.180.270.270.250.290.310.320.300.300.270.310.29
Interest Coverage Ratio
N/A5.685.635.445.093.84-1.52N/AN/AN/A3.253.84
Cash Flow to Debt Ratio
0.350.280.240.310.280.240.010.150.260.310.270.27
Company Equity Multiplier
1.251.401.411.371.441.501.591.521.501.481.521.44
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.310.310.310.310.310.300.040.230.290.290.280.30
Free Cash Flow / Operating Cash Flow Ratio
0.730.770.800.830.810.80-0.810.910.830.810.940.81
Cash Flow Coverage Ratio
0.350.280.240.310.280.240.010.150.260.310.270.27
Short Term Coverage Ratio
N/A2.258.2432.1511.97N/A0.25N/AN/AN/A3.64N/A
Dividend Payout Ratio
3415.95%195.35%158.34%146.81%133.87%156.28%-38.90%36.10%96.31%134.25%151.97%133.87%