WELLTOWER INC (WELL) Fundamental Analysis & Valuation

NYSE:WELL • US95040Q1040

207.68 USD
+3.39 (+1.66%)
At close: Mar 9, 2026
207.68 USD
0 (0%)
After Hours: 3/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This WELL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

WELL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 123 industry peers in the Diversified REITs industry. WELL has a great financial health rating, but its profitability evaluates not so good. While showing a medium growth rate, WELL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. WELL Profitability Analysis

1.1 Basic Checks

  • WELL had positive earnings in the past year.
  • WELL had a positive operating cash flow in the past year.
  • WELL had positive earnings in each of the past 5 years.
  • In the past 5 years WELL always reported a positive cash flow from operatings.
WELL Yearly Net Income VS EBIT VS OCF VS FCFWELL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • WELL's Return On Assets of 1.39% is in line compared to the rest of the industry. WELL outperforms 55.28% of its industry peers.
  • WELL's Return On Equity of 2.22% is in line compared to the rest of the industry. WELL outperforms 53.66% of its industry peers.
  • With a Return On Invested Capital value of 0.40%, WELL is not doing good in the industry: 84.55% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for WELL is in line with the industry average of 3.14%.
Industry RankSector Rank
ROA 1.39%
ROE 2.22%
ROIC 0.4%
ROA(3y)1.34%
ROA(5y)1.07%
ROE(3y)2.18%
ROE(5y)1.83%
ROIC(3y)1.39%
ROIC(5y)1.51%
WELL Yearly ROA, ROE, ROICWELL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

1.3 Margins

  • WELL's Profit Margin of 8.64% is in line compared to the rest of the industry. WELL outperforms 56.10% of its industry peers.
  • WELL's Profit Margin has declined in the last couple of years.
  • The Operating Margin of WELL (3.00%) is worse than 84.55% of its industry peers.
  • WELL's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 41.17%, WELL is not doing good in the industry: 81.30% of the companies in the same industry are doing better.
  • WELL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3%
PM (TTM) 8.64%
GM 41.17%
OM growth 3Y-37.77%
OM growth 5Y-27.23%
PM growth 3Y53.08%
PM growth 5Y-16.47%
GM growth 3Y1.16%
GM growth 5Y-1.45%
WELL Yearly Profit, Operating, Gross MarginsWELL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. WELL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WELL is destroying value.
  • Compared to 1 year ago, WELL has more shares outstanding
  • Compared to 5 years ago, WELL has more shares outstanding
  • The debt/assets ratio for WELL has been reduced compared to a year ago.
WELL Yearly Shares OutstandingWELL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
WELL Yearly Total Debt VS Total AssetsWELL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • WELL has an Altman-Z score of 3.50. This indicates that WELL is financially healthy and has little risk of bankruptcy at the moment.
  • WELL's Altman-Z score of 3.50 is amongst the best of the industry. WELL outperforms 99.19% of its industry peers.
  • WELL has a debt to FCF ratio of 6.85. This is a slightly negative value and a sign of low solvency as WELL would need 6.85 years to pay back of all of its debts.
  • The Debt to FCF ratio of WELL (6.85) is better than 93.50% of its industry peers.
  • A Debt/Equity ratio of 0.47 indicates that WELL is not too dependend on debt financing.
  • WELL's Debt to Equity ratio of 0.47 is amongst the best of the industry. WELL outperforms 90.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.85
Altman-Z 3.5
ROIC/WACC0.05
WACC8.12%
WELL Yearly LT Debt VS Equity VS FCFWELL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 2.01 indicates that WELL has no problem at all paying its short term obligations.
  • The Current ratio of WELL (2.01) is better than 88.62% of its industry peers.
  • WELL has a Quick Ratio of 2.01. This indicates that WELL is financially healthy and has no problem in meeting its short term obligations.
  • WELL's Quick ratio of 2.01 is amongst the best of the industry. WELL outperforms 88.62% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 2.01
WELL Yearly Current Assets VS Current LiabilitesWELL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. WELL Growth Analysis

3.1 Past

  • The earnings per share for WELL have decreased strongly by -10.26% in the last year.
  • The Earnings Per Share has been decreasing by -9.69% on average over the past years.
  • Looking at the last year, WELL shows a very strong growth in Revenue. The Revenue has grown by 35.63%.
  • Measured over the past years, WELL shows a quite strong growth in Revenue. The Revenue has been growing by 18.67% on average per year.
EPS 1Y (TTM)-10.26%
EPS 3Y63.55%
EPS 5Y-9.69%
EPS Q2Q%-26.32%
Revenue 1Y (TTM)35.63%
Revenue growth 3Y22.74%
Revenue growth 5Y18.67%
Sales Q2Q%41.33%

3.2 Future

  • WELL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.25% yearly.
  • WELL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.08% yearly.
EPS Next Y79.23%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
EPS Next 5Y29.25%
Revenue Next Year23.26%
Revenue Next 2Y20.97%
Revenue Next 3Y18.08%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
WELL Yearly Revenue VS EstimatesWELL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
WELL Yearly EPS VS EstimatesWELL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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2

4. WELL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 148.34 indicates a quite expensive valuation of WELL.
  • Based on the Price/Earnings ratio, WELL is valued a bit more expensive than 60.16% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.45, WELL is valued quite expensively.
  • WELL is valuated quite expensively with a Price/Forward Earnings ratio of 82.77.
  • WELL's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, WELL is valued quite expensively.
Industry RankSector Rank
PE 148.34
Fwd PE 82.77
WELL Price Earnings VS Forward Price EarningsWELL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

  • WELL's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. WELL is more expensive than 93.50% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WELL indicates a somewhat cheap valuation: WELL is cheaper than 69.11% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 50.29
EV/EBITDA 64.72
WELL Per share dataWELL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WELL does not grow enough to justify the current Price/Earnings ratio.
  • WELL's earnings are expected to grow with 30.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.87
PEG (5Y)N/A
EPS Next 2Y55.29%
EPS Next 3Y30.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. WELL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.61%, WELL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 7.59, WELL's dividend is way lower than its industry peers. On top of this 89.43% of the companies listed in the same industry pay a better dividend than WELL!
  • WELL's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.61%

5.2 History

  • The dividend of WELL has a limited annual growth rate of 0.84%.
  • WELL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • WELL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.84%
Div Incr Years1
Div Non Decr Years3
WELL Yearly Dividends per shareWELL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • WELL pays out 200.46% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of WELL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP200.46%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
WELL Yearly Income VS Free CF VS DividendWELL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
WELL Dividend Payout.WELL Dividend Payout, showing the Payout Ratio.WELL Dividend Payout.PayoutRetained Earnings

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WELL Fundamentals: All Metrics, Ratios and Statistics

WELLTOWER INC

NYSE:WELL (3/9/2026, 8:04:00 PM)

After market: 207.68 0 (0%)

207.68

+3.39 (+1.66%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners99.41%
Inst Owner Change3.09%
Ins Owners0.03%
Ins Owner Change0.47%
Market Cap144.91B
Revenue(TTM)10.84B
Net Income(TTM)936.85M
Analysts81.54
Price Target229.98 (10.74%)
Short Float %2.09%
Short Ratio4.28
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
Yearly Dividend2.82
Dividend Growth(5Y)0.84%
DP200.46%
Div Incr Years1
Div Non Decr Years3
Ex-Date02-25
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.7%
Min EPS beat(2)-76.34%
Max EPS beat(2)-23.07%
EPS beat(4)0
Avg EPS beat(4)-25.96%
Min EPS beat(4)-76.34%
Max EPS beat(4)-1.25%
EPS beat(8)2
Avg EPS beat(8)-7.65%
EPS beat(12)4
Avg EPS beat(12)-10.09%
EPS beat(16)5
Avg EPS beat(16)-21.98%
Revenue beat(2)2
Avg Revenue beat(2)5.88%
Min Revenue beat(2)1.81%
Max Revenue beat(2)9.96%
Revenue beat(4)4
Avg Revenue beat(4)3.91%
Min Revenue beat(4)1.3%
Max Revenue beat(4)9.96%
Revenue beat(8)7
Avg Revenue beat(8)3.05%
Revenue beat(12)9
Avg Revenue beat(12)2.06%
Revenue beat(16)11
Avg Revenue beat(16)1.58%
PT rev (1m)4.18%
PT rev (3m)7.19%
EPS NQ rev (1m)39.51%
EPS NQ rev (3m)39.29%
EPS NY rev (1m)-12.81%
EPS NY rev (3m)-2.47%
Revenue NQ rev (1m)5.57%
Revenue NQ rev (3m)5.14%
Revenue NY rev (1m)6.13%
Revenue NY rev (3m)7.31%
Valuation
Industry RankSector Rank
PE 148.34
Fwd PE 82.77
P/S 13.37
P/FCF 50.29
P/OCF 50.29
P/B 3.44
P/tB 3.47
EV/EBITDA 64.72
EPS(TTM)1.4
EY0.67%
EPS(NY)2.51
Fwd EY1.21%
FCF(TTM)4.13
FCFY1.99%
OCF(TTM)4.13
OCFY1.99%
SpS15.53
BVpS60.38
TBVpS59.88
PEG (NY)1.87
PEG (5Y)N/A
Graham Number43.61
Profitability
Industry RankSector Rank
ROA 1.39%
ROE 2.22%
ROCE 0.51%
ROIC 0.4%
ROICexc 0.44%
ROICexgc 0.44%
OM 3%
PM (TTM) 8.64%
GM 41.17%
FCFM 26.59%
ROA(3y)1.34%
ROA(5y)1.07%
ROE(3y)2.18%
ROE(5y)1.83%
ROIC(3y)1.39%
ROIC(5y)1.51%
ROICexc(3y)1.48%
ROICexc(5y)1.58%
ROICexgc(3y)1.49%
ROICexgc(5y)1.58%
ROCE(3y)1.76%
ROCE(5y)1.91%
ROICexgc growth 3Y-35.4%
ROICexgc growth 5Y-24.67%
ROICexc growth 3Y-35.48%
ROICexc growth 5Y-24.72%
OM growth 3Y-37.77%
OM growth 5Y-27.23%
PM growth 3Y53.08%
PM growth 5Y-16.47%
GM growth 3Y1.16%
GM growth 5Y-1.45%
F-Score7
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 6.85
Debt/EBITDA 8
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.56
Cash Conversion 116.85%
Profit Quality 307.59%
Current Ratio 2.01
Quick Ratio 2.01
Altman-Z 3.5
F-Score7
WACC8.12%
ROIC/WACC0.05
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)338.57%
Profit Quality(5y)467.2%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.26%
EPS 3Y63.55%
EPS 5Y-9.69%
EPS Q2Q%-26.32%
EPS Next Y79.23%
EPS Next 2Y55.29%
EPS Next 3Y30.97%
EPS Next 5Y29.25%
Revenue 1Y (TTM)35.63%
Revenue growth 3Y22.74%
Revenue growth 5Y18.67%
Sales Q2Q%41.33%
Revenue Next Year23.26%
Revenue Next 2Y20.97%
Revenue Next 3Y18.08%
Revenue Next 5YN/A
EBIT growth 1Y-72.13%
EBIT growth 3Y-23.62%
EBIT growth 5Y-13.65%
EBIT Next Year182.11%
EBIT Next 3Y51.06%
EBIT Next 5Y31.34%
FCF growth 1Y27.71%
FCF growth 3Y29.44%
FCF growth 5Y16.12%
OCF growth 1Y27.71%
OCF growth 3Y29.44%
OCF growth 5Y16.12%

WELLTOWER INC / WELL FAQ

What is the ChartMill fundamental rating of WELLTOWER INC (WELL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WELL.


Can you provide the valuation status for WELLTOWER INC?

ChartMill assigns a valuation rating of 2 / 10 to WELLTOWER INC (WELL). This can be considered as Overvalued.


What is the profitability of WELL stock?

WELLTOWER INC (WELL) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for WELL stock?

The Price/Earnings (PE) ratio for WELLTOWER INC (WELL) is 148.34 and the Price/Book (PB) ratio is 3.44.


Can you provide the dividend sustainability for WELL stock?

The dividend rating of WELLTOWER INC (WELL) is 4 / 10 and the dividend payout ratio is 200.46%.