Real Estate · Hotel & Resort REITs · US stock · price as of 22 Oct 2026
Key indicators
Price
$24.87
52-week range
$15.61 – $25.71
Market cap
$17.1B
P/E (trailing)
16.7×
EV / EBITDA
8.9×
Free-cash-flow yield
9.4%
Dividend yield
6.7%
Revenue (last 12 months)
$6.2B
Revenue growth (3y a year)
7.6%
Operating margin
14.6%
Return on invested capital
16.3%
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$24.57 middle half of models $23 – $26
Versus priceFair−1% to fair value
P/B multiple
$20.43
P/S multiple
$29.87
P/FFO multiple
$24.48
P/AFFO multiple
$23.50
Model uncertainty
High
X-Ray Score
59/ 100 · Medium confidence · ahead of 83% of sector peers
Valuation47
Growth64
Profitability56
Financial health67
Dividends68
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Host Hotels & Resorts is a real estate investment trust that owns upscale and luxury hotels in major cities and resort destinations, mostly in the United States. The properties are operated under brands from large hotel management companies. Revenue comes from room rentals, food and beverage sales and other hotel services, so results follow travel demand, occupancy and room rates.
Host Hotels & Resorts, Inc. generated $6.2 billion in revenue during the last twelve months. The three-year revenue growth rate is 7.6% a year. Operating margin stands at 14.6%, showing profit left after running costs. Return on invested capital stands at 16%. A dividend is paid, with a yield of 6.7%. Operating margin shows how much of each dollar of revenue remains after operating costs.
StocksXray gives Host Hotels & Resorts, Inc. an X-Ray Score of 59 out of 100 (medium confidence), ahead of 83% of the S&P 500 stocks in its sector. Its strongest lens is dividends (68) and its weakest is valuation (47).
Our fair value (the average of the valid models) is $24.57 (range $22.73 to $25.82). At $24.87 the stock trades 1% above that value, so the label is "Fair" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Host Hotels & Resorts, Inc. (HST)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$13.58
$12.95
$16.52
$15.62
$16.74
$24.87
Market cap
$9.6B
$9.3B
$11.8B
$11.0B
$11.6B
$17.1B
P/E
–
14.7×
15.9×
15.8×
15.2×
16.7×
EV / revenue
3.2×
1.9×
2.1×
2.0×
2.0×
2.4×
EV / EBITDA
18.1×
6.5×
7.5×
6.9×
7.4×
8.9×
Price / free cash flow
33.0×
6.6×
8.2×
7.3×
7.7×
10.6×
Free-cash-flow yield
3.0%
15.2%
12.2%
13.6%
13.0%
9.4%
Price / book
1.5×
1.4×
1.8×
1.7×
1.8×
2.7×
Dividend yield
–
4.09%
5.45%
5.76%
5.68%
6.71%
Fundamentals checklist ● 4 Good · ● 4 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.4%Average
Risk models
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)7.7%Average
Revenue growth (3y)7.6%Average
Growth consistency100%Good
Balance sheet
Interest cover3.8×Average
Valuation
Fair value vs price1.0×Bad
EBIT / EV yield5.8%Good
Profitability
Return on invested capital16.3%Good
Operating margin14.6%Bad
XStocksXray
Host Hotels & Resorts, Inc. (HST)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
2,890
4,907
5,311
5,684
6,114
6,219
Gross profit
–
–
–
–
–
–
Operating income
-250
775
827
875
855
905
Net income
-11
633
740
697
765
1,027
Diluted EPS ($)
-0.02
0.88
1.04
0.99
1.10
1.49
Free cash flow
292
1,416
1,441
1,498
1,510
1,606
Gross margin
–
–
–
–
–
–
Operating margin
−8.7%
15.8%
15.6%
15.4%
14.0%
14.6%
Net margin
−0.4%
12.9%
13.9%
12.3%
12.5%
16.5%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
12,352
12,269
12,243
13,048
13,049
13,253
Cash
807
667
1,144
554
768
1,953
Total debt
436
758
746
896
1,274
–
Equity
6,441
6,710
6,633
6,609
6,558
6,388
Dividend per share ($)
0.00
0.53
0.90
0.90
0.95
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
