Healthpeak PropertiesDOC +1.51%74 Debt-to-EBITDA is 4.68 as of Mar. 2026, which is 19% below its 10-year median of 5.78. GuruFocus rates DOC with a GF Score™ of 74/100 and a GF Value™ of $19.56 (Fairly Valued). The stock has 10 warning signs investors should review. Among 583 REITs companies, Healthpeak Properties ranks better than 56.09% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Healthpeak Properties's Debt-to-EBITDA or its related term are showing as below:
DOC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.38 Med: 5.78 Max: 6.57
Current: 5.84
During the past 13 years, the highest Debt-to-EBITDA Ratio of Healthpeak Properties was 6.57. The lowest was 3.38. And the median was 5.78.
DOC's Debt-to-EBITDA is ranked better than 56.09% of 583
companies
in the REITs industry
Industry Median: 6.49
vs DOC: 5.84
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Healthpeak Properties Debt-to-EBITDA Related Terms
Healthpeak Properties Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Healthpeak Properties's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Healthcare Facilities subindustry, Healthpeak Properties's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Healthpeak Properties Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Healthpeak Properties's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Healthpeak Properties's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Healthpeak Properties (DOC) has a Debt-to-EBITDA of 4.68 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Healthpeak Properties. This is 19% below median its historical median of 5.78. Over the past decade, Healthpeak Properties' Debt-to-EBITDA has ranged from 3.38 to 6.57. According to the industry distribution chart, Healthpeak Properties ranks #256 out of 583 companies in the REITs industry, placing it in the top 43.9%.
Is Healthpeak Properties' Debt-to-EBITDA too high?
Healthpeak Properties' current Debt-to-EBITDA of 4.68 is 19% below median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 6.57. The REITs industry median Debt-to-EBITDA is 6.49. Healthpeak Properties' value of 4.68 is 27.9% below this industry median. Based on the distribution chart, Healthpeak Properties ranks #256 out of 583 companies in the REITs industry, which is above the industry midpoint. Overall, Healthpeak Properties has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Healthpeak Properties' Debt-to-EBITDA compare to OHI and AHR?
According to the REITs industry distribution chart, Healthpeak Properties ranks #256 out of 583 companies for Debt-to-EBITDA. This puts Healthpeak Properties in the upper half of its industry. The industry median Debt-to-EBITDA is 6.49. Healthpeak Properties' value of 4.68 is 27.9% below this benchmark. Historically, Healthpeak Properties' own Debt-to-EBITDA has ranged from 3.38 to 6.57 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 6.49, Healthpeak Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 583 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Healthpeak Properties's current Debt-to-EBITDA of 4.68 is 27.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Healthpeak Properties. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healthpeak Properties's current Debt-to-EBITDA is 4.68, which is 19% below median its own 10-year median of 5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthpeak Properties stock overvalued right now?
Based on GuruFocus' analysis, Healthpeak Properties (DOC) is currently considered Fairly Valued. The stock's GF Value™ is $19.56, compared to a current price of $21.55 — trading 10.2% above its estimated fair value. The current Debt-to-EBITDA is 4.68, which is 19% below median its 10-year median of 5.78 and 27.9% below the REITs industry median of 6.49. Healthpeak Properties' overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Healthpeak Properties (DOC), the current Debt-to-EBITDA is 4.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Healthpeak Properties (DOC) Overvalued in 2026?
Based on GuruFocus' analysis, Healthpeak Properties stock appears to be overvalued.
The current stock price of $21.55 is trading 10.2% above its estimated GF Value™ of $19.56.
GuruFocus considers Healthpeak Properties to be Fairly Valued.
Key valuation signals for DOC:
Debt-to-EBITDA: 4.68 (19% below median its 10-year median of 5.78)
GF Value™: $19.56 vs. price of $21.55 (10.2% above fair value)
Industry Position: 27.9% below the REITs median (#256 of 583)
No single metric tells the full story. See the DOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Healthpeak owns a diversified healthcare portfolio of approximately 700 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
74GF Score
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