Latest Ratios: P/E Ratio 31.6x · EV/EBITDA 13.3x · ROE 5.1%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.4B | $1.5B | $1.5B | $1.5B | $2.1B | $1.7B | $2.4B | $1.9B | $2.3B | $2.1B |
| Enterprise Value | $3.2B | $2.7B | $2.8B | $2.7B | $2.6B | $3.0B | $2.7B | $3.6B | $3.0B | $3.6B | $3.0B |
| P/E Ratio → | 31.61 | 22.09 | 99.07 | 80.12 | 26.90 | — | — | 44.10 | 9.83 | 23.47 | 24.58 |
| P/S Ratio | 1.73 | 1.27 | 1.46 | 1.44 | 1.51 | 3.34 | 4.67 | 2.12 | 1.79 | 2.44 | 2.21 |
| P/B Ratio | 1.66 | 1.16 | 1.19 | 1.12 | 1.03 | 1.43 | 1.10 | 1.37 | 1.02 | 1.40 | 1.27 |
| P/FCF | 20.76 | 15.28 | 65.60 | 19.14 | 12.92 | 230.43 | — | 15.89 | 13.00 | 18.28 | 12.59 |
| P/OCF | 10.57 | 7.78 | 9.28 | 7.46 | 8.06 | 50.56 | — | 9.90 | 7.47 | 10.86 | 9.31 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.47 | 2.67 | 2.64 | 2.64 | 4.94 | 7.33 | 3.15 | 2.80 | 3.77 | 3.12 |
| EV / EBITDA | 13.28 | 11.21 | 12.88 | 11.80 | 10.79 | 44.41 | — | 13.59 | 10.22 | 13.86 | 11.20 |
| EV / EBIT | 29.49 | 17.26 | 29.53 | 27.79 | 18.46 | — | — | 32.57 | 23.22 | 34.56 | 26.68 |
| EV / FCF | — | 29.63 | 119.84 | 35.08 | 22.54 | 340.15 | — | 23.59 | 20.29 | 28.17 | 17.75 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.5% | 1.5% | 24.3% | 26.2% | 27.9% | 20.8% | -9.4% | 28.0% | 29.8% | 30.8% | 32.2% |
| Operating Margin | 9.9% | 9.9% | 8.4% | 9.5% | 11.2% | -9.9% | -65.4% | 9.7% | 12.5% | 10.9% | 11.7% |
| Net Profit Margin | 5.8% | 5.8% | 1.6% | 1.9% | 5.6% | -23.3% | -44.2% | 4.8% | 18.3% | 10.5% | 9.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.1% | 5.1% | 1.2% | 1.4% | 3.9% | -9.6% | -9.8% | 3.1% | 11.1% | 6.0% | 5.1% |
| ROA | 2.2% | 2.2% | 0.6% | 0.6% | 1.8% | -4.7% | -5.2% | 1.7% | 6.2% | 3.3% | 2.9% |
| ROIC | 3.2% | 3.2% | 2.6% | 2.9% | 3.3% | -1.8% | -6.6% | 2.8% | 3.4% | 2.9% | 3.2% |
| ROCE | 4.0% | 4.0% | 3.2% | 3.4% | 3.7% | -2.0% | -7.8% | 3.6% | 4.3% | 3.6% | 4.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.21 | 1.21 | 1.04 | 1.06 | 0.98 | 1.04 | 0.88 | 0.73 | 0.62 | 0.80 | 0.65 |
| Debt / EBITDA | 6.02 | 6.02 | 6.19 | 6.08 | 5.86 | 21.88 | — | 4.85 | 3.98 | 5.15 | 4.07 |
| Net Debt / Equity | — | 1.09 | 0.98 | 0.93 | 0.77 | 0.68 | 0.63 | 0.67 | 0.57 | 0.76 | 0.52 |
| Net Debt / EBITDA | 5.43 | 5.43 | 5.83 | 5.36 | 4.61 | 14.32 | — | 4.43 | 3.67 | 4.87 | 3.26 |
| Debt / FCF | — | 14.35 | 54.24 | 15.94 | 9.63 | 109.73 | — | 7.70 | 7.29 | 9.89 | 5.16 |
| Interest Coverage | 1.79 | 1.79 | 1.16 | 1.15 | 1.72 | -0.79 | -3.90 | 2.29 | 2.48 | 2.23 | 2.31 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.34 | 2.34 | 1.47 | 2.26 | 3.40 | 6.91 | 6.98 | 1.93 | 1.69 | 2.98 | 3.04 |
| Quick Ratio | 2.34 | 2.34 | 1.47 | 2.26 | 3.40 | 6.91 | -0.62 | 1.93 | 1.80 | 2.44 | 3.09 |
| Cash Ratio | 1.31 | 1.31 | 0.68 | 1.46 | 2.57 | 5.79 | 6.22 | 0.92 | 0.78 | 0.67 | 2.12 |
| Asset Turnover | — | 0.38 | 0.37 | 0.35 | 0.32 | 0.20 | 0.12 | 0.35 | 0.33 | 0.30 | 0.33 |
| Inventory Turnover | — | — | — | — | — | — | 0.85 | — | — | 11.17 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 3.9% | 3.2% | 3.0% | 0.8% | 0.0% | 3.7% | 5.2% | 6.4% | 5.1% | 5.5% |
| Payout Ratio | — | — | 296.8% | 233.1% | 20.9% | — | — | 227.2% | 62.8% | 119.8% | 134.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 4.5% | 1.0% | 1.2% | 3.7% | — | — | 2.3% | 10.2% | 4.3% | 4.1% |
| FCF Yield | 4.8% | 6.5% | 1.5% | 5.2% | 7.7% | 0.4% | — | 6.3% | 7.7% | 5.5% | 7.9% |
| Buyback Yield | 6.4% | 8.8% | 1.1% | 9.0% | 1.9% | 0.2% | 0.6% | 0.0% | 0.0% | 0.2% | 3.5% |
| Total Shareholder Yield | 9.2% | 12.7% | 4.2% | 12.0% | 2.6% | 0.2% | 4.3% | 5.2% | 6.5% | 5.3% | 9.0% |
| Shares Outstanding | — | $97M | $102M | $108M | $114M | $114M | $113M | $113M | $110M | $107M | $108M |
High Capital Expenditure Intensity
As reported in financial statements, XHR's NOI margin reached an anomalous 100% in 2026Q1, following a period of significant fluctuation where margins dipped as low as -60.4% in 2025Q4, suggesting that property-level profitability is highly sensitive to operational disruptions and potentially distorted by non-recurring accounting adjustments.
The extreme variance in NOI margins indicates that the company's core property-level profitability is not yet stabilized, likely due to the high fixed-cost nature of luxury hospitality. Investors should monitor whether these margin swings reflect genuine operational volatility or if they are artifacts of the specific accounting treatments applied to the company's boutique asset portfolio.
Based on XHR's reported figures, the FFO payout ratio has exhibited significant quarterly volatility, ranging from 16.2% in 2025Q2 to 73.3% in 2025Q3, which highlights the difficulty in maintaining a consistent dividend policy when underlying cash flows are subject to the cyclical nature of luxury travel demand.
The wide range in payout ratios suggests that dividend sustainability is heavily dependent on the timing of seasonal revenue peaks. Because AFFO frequently trails FFO due to necessary capital reinvestment, the dividend may be less secure than the headline FFO payout ratio implies, warranting a cautious outlook on long-term distribution growth.
According to recent SEC filings, XHR has maintained a relatively consistent debt-to-equity profile over the last ten quarters, with ratios hovering near 1.1x, suggesting that management has avoided aggressive balance sheet expansion despite the capital-intensive requirements of maintaining a luxury and upper-upscale hotel portfolio.
While the debt-to-equity ratio appears stable, the low interest coverage ratios observed in several quarters, such as the 0.30x recorded in 2025Q3, indicate that the company's ability to service its debt is highly vulnerable to earnings volatility. This suggests that the current leverage profile may be less comfortable than the headline figures imply.
As noted in financial analysis, the market's reliance on standard P/E ratios for XHR is fundamentally flawed, as the metric fails to account for the massive non-cash depreciation charges inherent in hotel real estate, which significantly distort net income and obscure the company's true cash-generating capacity.
Investors should prioritize FFO and AFFO multiples over P/E, as these metrics better reflect the cash available for distribution after accounting for the heavy capital expenditures required to maintain luxury brand standards. Using P/E in this context likely leads to a significant mispricing of the company's actual economic value.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying XHR stock.
Xenia Hotels & Resorts, Inc.'s current P/E ratio is 31.6x. The historical average is 38.8x. This places it at the 67th percentile of its historical range.
Xenia Hotels & Resorts, Inc.'s current EV/EBITDA is 13.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
Xenia Hotels & Resorts, Inc.'s return on equity (ROE) is 5.1%. The historical average is 1.6%.
Based on historical data, Xenia Hotels & Resorts, Inc. is trading at a P/E of 31.6x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Xenia Hotels & Resorts, Inc.'s current dividend yield is 2.76%.
Xenia Hotels & Resorts, Inc. has 1.5% gross margin and 9.9% operating margin.
Xenia Hotels & Resorts, Inc.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.