WELL
Welltower
PE ratio, current and historical analysis
- Stocks
- Real Estate
- NYSE: WELL
- PE Ratio
As at Jun 22, 2026, the WELL stock has a price-to-earnings ratio of 103.15. This is based on the current EPS of $2.05 and the stock price of $211.45 per share. A decrease of 5% has been recorded in the P/E ratio compared to the average of 109.1 of the last 4 quarters.
WELL PE ratio history
The mean historical PE ratio of Welltower over the last ten years is 83.31. The current 103.15 PE ratio is 24% above the historical average. In the past ten years, WELL's PE ratio was at its highest in the Jun 2023 quarter at 337.04, with a price of $80.89 and an EPS of $0.24. The Mar 2020 quarter recorded the bottom point at 14.72, with a price of $45.78 and an EPS of $3.11.
Welltower PE ratio by year
Maximum annual increase: 296.53% in 2021
Maximum annual decrease: -72.91% in 2014
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 131.64 | 65.02% | $185.61 | $1.41 |
| 2024 | 79.77 | -41.61% | $126.03 | $1.58 |
| 2023 | 136.62 | -35.39% | $90.17 | $0.66 |
| 2022 | 211.45 | 94.76% | $65.55 | $0.31 |
| 2021 | 108.57 | 296.53% | $85.77 | $0.79 |
| 2020 | 27.38 | 2.78% | $64.62 | $2.36 |
| 2019 | 26.64 | -22.08% | $81.78 | $3.07 |
| 2018 | 34.19 | -32.44% | $69.41 | $2.03 |
| 2017 | 50.61 | 114% | $63.77 | $1.26 |
| 2016 | 23.65 | -18.31% | $66.93 | $2.83 |
| 2015 | 28.95 | -44.14% | $68.03 | $2.35 |
| 2014 | 51.83 | -72.91% | $75.67 | $1.46 |
| 2013 | 191.32 | 209.03% | $53.57 | $0.28 |
| 2012 | 61.91 | 2.18% | $61.29 | $0.99 |
| 2011 | 60.59 | 6.84% | $54.53 | $0.9 |
Welltower PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 96.44 | -26.74% | $197.71 | $2.05 |
| Dec 2025 | 131.64 | 7.89% | $185.61 | $1.41 |
| Sep 2025 | 122.01 | 41.26% | $178.14 | $1.46 |
| Jun 2025 | 86.37 | -1.91% | $153.73 | $1.78 |
| Mar 2025 | 88.05 | 10.38% | $153.21 | $1.74 |
| Dec 2024 | 79.77 | -4.67% | $126.03 | $1.58 |
| Sep 2024 | 83.68 | -17.32% | $128.03 | $1.53 |
| Jun 2024 | 101.21 | -11.18% | $104.25 | $1.03 |
| Mar 2024 | 113.95 | -16.59% | $93.44 | $0.82 |
| Dec 2023 | 136.62 | -18.28% | $90.17 | $0.66 |
| Sep 2023 | 167.18 | -50.4% | $81.92 | $0.49 |
| Jun 2023 | 337.04 | 8.13% | $80.89 | $0.24 |
| Mar 2023 | 311.7 | 47.41% | $71.69 | $0.23 |
| Dec 2022 | 211.45 | 51.22% | $65.55 | $0.31 |
| Sep 2022 | 139.83 | 51.12% | $64.32 | $0.46 |
WELL Price vs fair value
WELL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, WELL's PE ratio is greater than its 10-year historical average, but it is lower than the 3 and 5-year averages.
PE comparison
Welltower's P/E of 103.15 is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 23.85, Welltower's P/E is 332% higher.
WELL PE vs peers
Compared to its peer stocks NNN and NHI, WELL's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NNN National Retail Properties Inc | 22.45 | $8.76B |
| NHI National Health Investors Inc | 23.48 | $3.54B |
| WELL Welltower Inc | 106.18 | $153.66B |
Frequently asked questions
What is Welltower's PE ratio?
As of Jun 22, 2026, WELL stock has a price to earnings ratio of 103.15.
What is the 3-year average PE ratio for Welltower (WELL)?
As an average over the last 3 years, WELL stock has a PE ratio of 128.66.
What is the 5-year average PE ratio for Welltower (WELL)?
As an average over the last 5 years, WELL stock has a PE ratio of 133.68.
What is the highest PE ratio for WELL?
In the last ten years, the Jun 2023 quarter recorded the highest quarterly PE ratio at 337.04.
How does the current PE ratio for WELL compare to its historical average?
WELL's current price to earnings ratio is 24% above its 10-year historical average.
Why is Welltower's PE ratio so high?
WELL's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 103.15 is considered high.
How is WELL's PE ratio calculated (Welltower PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 22, 2026), Welltower's stock price is $211.45. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.05. Therefore, Welltower's P/E ratio for today is 103.15. PE RATIO(103.15) = STOCK PRICE($211.45) / TTM EPS($2.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.