Pebblebrook Hotel Trust Financial Ratios — PEB-PG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	1.31	1.6	2.17	2.98	3.25	2.51	3.7	0.28	1.71	-6.23	-3	-1.41	-1.3	-0.07	-1.19
Return on Capital (%)	15.42	12.29	14.49	15.1	13.34	- -	16.21	3.68	8.88	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	2.59	2.33	3.12	3.72	4.35	- -	4.7	2.85	3.49	- -	- -	- -	- -	- -	- -
Gross Margin (%)	24.97	25.98	27.38	31.38	33.19	34.54	32.87	31.7	31.82	-11.49	17.02	27.47	24.95	25.19	24.17
EBITDA Margin (%)	21	21.58	23.88	26.65	28.99	31.12	28.97	30.49	29.16	-22.68	11.54	24.27	20.91	21.55	20.53
Operating Margin (%)	10.25	10.34	12.52	15.24	16.56	18.58	15.67	17.4	14.59	-73.38	-19.05	7.05	3.96	5.75	5.1
Incremental Operating Margin (%)	13.48	10.6	20.17	27.41	21.13	52.73	65.99	39.75	11.62	- -	- -	36.1	-149.42	82.01	-37.56
Pretax Margin (%)	5.47	7.45	9.08	12.83	12.66	9.04	13.06	1.83	7.5	-89.48	-25.42	-6.09	-5.18	-1.76	-3.79
Profit Margin (%)	5.16	6.85	8.77	12.17	12.28	9.03	12.98	1.62	7.16	-88.45	-25.22	-6.26	-5.49	-0.29	-4.46
Net Income to Common Margin (%)	1.54	2.17	4.08	7.98	8.91	6.62	10.89	-0.49	5.14	-95.8	-30.96	-9.5	-8.57	-3.22	-7.33
Effective Tax Rate (%)	3.58	6.58	2.76	4.23	2.65	- -	0.18	11.52	4.28	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	359.35	296.33	173.45	112.66	121.14	196.91	126.95	-2,552.14	221.49	-12.67	-1.14	-5.93	-8.7	-24.9	-9.52
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	252	469	554	894	1,271	1,078	930	2,747	2,742	2,791	2,761	2,708	2,640	2,582	2,457
ST Debt	- -	- -	- -	50	165	82	45	- -	256	255	- -	508	922	17	- -
LT Debt	252	469	554	844	1,106	996	885	2,747	2,485	2,536	2,761	2,200	1,718	2,565	2,457
Total Debt/EBITDA	4.16	5.7	4.75	5.6	5.68	4.24	4.17	10.87	5.83	-27.78	32.64	8.02	8.89	8.25	8.11
Net Debt/EBITDA	3.07	4.66	4.27	5.27	5.57	4.11	4.06	10.54	4.68	-21.47	28.18	6.95	7.19	6.52	6.4
Total Debt/EBIT	8.52	11.91	9.05	9.8	9.95	7.11	7.72	19.05	11.66	-8.59	-19.77	27.58	46.95	30.89	32.65
Net Debt/EBIT	6.3	9.72	8.15	9.22	9.75	6.89	7.5	18.48	9.35	-6.63	-17.07	23.9	37.98	24.4	25.78
EBITDA to Interest Expense	4.43	5.5	4.93	5.9	5.76	6.22	6.39	4.92	4.64	-1.04	0.97	4.04	2.76	3.06	2.99
EBITDA-CapEx/Interest Expense	4.42	5.5	4.93	5.85	5.76	6.21	6.38	4.92	4.63	-1.04	0.97	4.04	2.76	3.06	2.99
EBIT to Interest Expense	2.16	2.64	2.59	3.37	3.29	3.71	3.45	2.81	2.32	-3.36	-1.61	1.18	0.52	0.82	0.74
Interest Expense	14	15	24	27	39	41	35	51	101	97	87	84	108	102	101
Common Equity/Total Assets	-2.1	-2.66	-3.26	-3.01	-3.43	-6	-7.35	-4.41	-6.52	-14.03	-17.45	-19.92	-23.01	-24.44	-28.09
Long-Term Debt/Equity (%)	22.53	35.68	37.57	47.35	62.79	61.91	58.88	72.86	68.43	77.68	87.28	71.33	60.27	92.01	95.88
Long-Term Debt/Capital (%)	111.8	111.67	113.78	103.94	94.65	109.09	118.88	112.13	106.72	130.35	164.7	139.76	123.82	200.19	234.15
Long-Term Debt/Total Assets (%)	17.76	25.38	26.18	30.46	36.15	35.46	34.17	39.36	38.25	41.73	44.1	35.87	29.49	45.05	45.94
Total Debt/Equity (%)	22.53	35.68	37.57	50.16	72.16	67.01	61.87	72.86	75.49	85.49	87.28	87.78	92.64	92.62	95.88
Total Debt/Capital (%)	111.8	111.67	113.78	110.1	108.77	118.06	124.92	112.13	117.72	143.46	164.7	172.01	190.3	201.53	234.15
Total Debt/Total Assets (%)	17.76	25.38	26.18	32.27	41.54	38.38	35.9	39.36	42.19	45.93	44.1	44.15	45.33	45.36	45.94
Net Debt to Equity	16.65	29.14	33.84	47.19	70.66	64.93	60.18	70.65	60.55	66.05	75.33	76.06	74.94	73.18	75.7
Net Debt/Capital (%)	116.67	114.67	115.54	110.8	108.97	118.75	125.81	112.56	95.66	118.41	147.29	153.04	177.45	189.83	224.21
EBITDA	60	82	117	160	224	254	223	253	470	-100	85	338	297	313	303
EBITDA-CapEx	60	82	117	158	223	254	223	252	469	-100	85	338	297	313	303
Operating Income (Loss)	30	39	61	91	128	152	121	144	235	-325	-140	98	56	84	75

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.48	1.43	0.7	0.4	0.15	0.18	0.13	0.18	0.08	0.45	0.17	0.05	0.15	0.61	0.56
Current Ratio	2.33	2.17	1.45	0.99	0.61	0.58	0.52	0.53	0.44	0.7	0.38	0.11	0.19	0.75	0.7
Quick Ratio	1.74	1.66	0.91	0.56	0.29	0.33	0.27	0.31	0.21	0.49	0.28	0.1	0.18	0.72	0.67
CFO/Avg Current Liab	1.42	1.48	1.54	1.52	1.44	1.34	1	0.41	0.94	-0.61	0.23	0.47	0.22	0.34	0.75
Common Equity/Total Assets	-2.1	-2.66	-3.26	-3.01	-3.43	-6	-7.35	-4.41	-6.52	-14.03	-17.45	-19.92	-23.01	-24.44	-28.09
Long-Term Debt/Equity (%)	22.53	35.68	37.57	47.35	62.79	61.91	58.88	72.86	68.43	77.68	87.28	71.33	60.27	92.01	95.88
Long-Term Debt/Capital (%)	111.8	111.67	113.78	103.94	94.65	109.09	118.88	112.13	106.72	130.35	164.7	139.76	123.82	200.19	234.15
Long-Term Debt/Total Assets (%)	17.76	25.38	26.18	30.46	36.15	35.46	34.17	39.36	38.25	41.73	44.1	35.87	29.49	45.05	45.94
Total Debt/Equity (%)	22.53	35.68	37.57	50.16	72.16	67.01	61.87	72.86	75.49	85.49	87.28	87.78	92.64	92.62	95.88
Total Debt/Capital (%)	111.8	111.67	113.78	110.1	108.77	118.06	124.92	112.13	117.72	143.46	164.7	172.01	190.3	201.53	234.15
Total Debt/Total Assets (%)	17.76	25.38	26.18	32.27	41.54	38.38	35.9	39.36	42.19	45.93	44.1	44.15	45.33	45.36	45.94
CFO/Total Liabilities	16.01	14.48	16.74	16.32	17.01	20	17.81	4.23	13.79	-7.18	2.28	9.14	7.94	9.46	8.97
CFO/CapEx	324.84	1,641.98	3,256.15	140.74	793.96	3,242.86	4,840.98	827.42	525.53	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.29	0.28	0.3	0.28	0.31	0.35	0.3	0.09	0.24	-0.32	-0.24	-0.15	-0.26	-0.06	-0.09

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	50.92	30.73	32.28	31.37	33.24	30.95	27.04	18.6	29.44	14.8	31.02	33.82	31.85	35	40.26
Days Sales Outstanding	7.17	11.88	11.31	11.63	10.98	11.79	13.5	19.62	12.4	24.66	11.77	10.79	11.46	10.43	9.07
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	8	6.98	6.53	4.88	4.14	3.67	3.55	2.26	3.54	2.03	2.55	4.03	4.36	4.72	5.3
Accounts Payable Turnover Days	45.65	52.27	55.89	74.74	88.14	99.44	102.68	161.72	103.01	179.86	143.13	90.58	83.77	77.36	68.8
Cash Conversion Cycle	-38.48	-40.39	-44.58	-63.1	-77.16	-87.65	-89.18	-142.09	-90.62	-155.2	-131.36	-79.79	-72.31	-66.94	-59.74
Inventory to Cash Days	7.17	11.88	11.31	11.63	10.98	11.79	13.5	19.62	12.4	24.66	11.77	10.79	11.46	10.43	9.07
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	66	86	55	53	26	33	25	83	30	124	59	41	184	207	184
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	3	- -	2	1	2	3	5	10	11	7	8	88	87	90	94
+ Total Debt	252	469	554	894	1,271	1,078	930	2,747	2,742	2,791	2,761	2,708	2,640	2,582	2,457
Enterprise Value	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367
Total Capital	225	420	487	812	1,168	913	745	2,450	2,329	1,945	1,677	1,574	1,387	1,281	1,049
Total Debt/Capital (%)	111.8	111.67	113.78	110.1	108.77	118.06	124.92	112.13	117.72	143.46	164.7	172.01	190.3	201.53	234.15
Total Debt / EV	1.33	1.22	1.11	1.06	1.02	1.03	1.02	1.03	1.01	1.04	1.02	0.98	1.04	1.05	1.04
EV/Sales	0.66	1.01	1.02	1.41	1.62	1.28	1.18	3.23	1.69	6.04	3.7	1.98	1.79	1.7	1.6
EV/EBITDA	3.13	4.66	4.29	5.28	5.58	4.13	4.08	10.58	5.79	- -	32.05	8.16	8.57	7.88	7.82
EV/EBIT	6.4	9.73	8.18	9.23	9.77	6.91	7.54	18.55	11.58	- -	- -	28.07	45.23	29.5	31.46
EV/Cash Flow to Firm	3.09	4.2	3.84	4.5	4.82	3.73	3.98	14.76	5.53	- -	17.19	7.6	7.38	8.97	6.53
EV/Free Cash Flow to Firm	3.08	4.2	3.84	4.47	4.82	3.73	3.98	14.75	5.52	- -	17.19	7.6	7.38	8.97	6.53
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	288	381	489	599	771	816	769	829	1,612	443	733	1,392	1,420	1,453	1,476
TTM EBITDA	60	82	117	160	224	254	223	253	470	-100	85	338	297	313	303
TTM Operating Income	30	39	61	91	128	152	121	144	235	-325	-140	98	56	84	75
TTM Cash Flow to Firm	61	91	130	187	258	281	228	181	492	-106	158	363	345	275	362
TTM Free Cash Flow to Firm	61	91	131	188	259	281	229	181	493	-106	158	363	345	275	362

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	6.4	9.73	8.18	9.23	9.77	6.91	7.54	18.55	11.58	- -	- -	28.07	45.23	29.5	31.46
Enterprise Value	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.9	16.83	17.01	18.9	16.6
EV/Sales	0.66	1.01	1.02	1.41	1.62	1.28	1.18	3.23	1.69	6.04	3.7	1.98	1.79	1.7	1.6
EV/EBITDA	3.13	4.66	4.29	5.28	5.58	4.13	4.08	10.58	5.79	- -	32.05	8.16	8.57	7.88	7.82
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.66	1.01	1.02	1.41	1.62	1.28	1.18	3.23	1.69	6.04	3.7	1.98	1.79	1.7	1.6
EV/Sales High	0.66	1.01	1.02	1.41	1.62	1.28	1.18	3.23	1.69	6.04	3.7	1.98	1.79	1.7	1.6
EV/Sales Low	0.66	1.01	1.02	1.41	1.62	1.28	1.18	3.23	1.69	6.04	3.7	1.98	1.79	1.7	1.6
EV/EBITDA Average	3.13	4.66	4.29	5.28	5.58	4.13	4.08	10.58	5.79	-26.62	32.05	8.16	8.57	7.88	7.82
EV/EBITDA High	3.13	4.66	4.29	5.28	5.58	4.13	4.08	10.58	5.79	-26.62	32.05	8.16	8.57	7.88	7.82
EV/EBITDA Low	3.13	4.66	4.29	5.28	5.58	4.13	4.08	10.58	5.79	-26.62	32.05	8.16	8.57	7.88	7.82
EV/EBIT Average	6.4	9.73	8.18	9.23	9.77	6.91	7.54	18.55	11.58	-8.23	-19.41	28.07	45.23	29.5	31.46
EV/EBIT High	6.4	9.73	8.18	9.23	9.77	6.91	7.54	18.55	11.58	-8.23	-19.41	28.07	45.23	29.5	31.46
EV/EBIT Low	6.4	9.73	8.18	9.23	9.77	6.91	7.54	18.55	11.58	-8.23	-19.41	28.07	45.23	29.5	31.46
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.26	18.2	21.11	19.75	18.7
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.61	26.39	21.79	23.18	21.23
Enterprise Value Average	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367
Enterprise Value High	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367
Enterprise Value Low	189	383	501	843	1,247	1,048	910	2,674	2,723	2,674	2,711	2,755	2,544	2,466	2,367

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	51	61	64	72	72	72	69	130	130	131	131	126	120	119	113
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Pebblebrook Hotel Trust

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

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Per Share Data Items (USD)