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WelltowerWELL +0.27%84 EV-to-OCF is 59.12 as of Aug. 03, 2026, which is 63% above its 10-year median of 36.16. GuruFocus rates WELL with a GF Score™ of 84/100 and a GF Value™ of $197.04 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 926 REITs companies, Welltower ranks worse than 90.06% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Welltower's Enterprise Value is $188,390 Mil.
Welltower's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $3,186 Mil. Therefore, Welltower's EV-to-OCF for today is 59.12.
The historical rank and industry rank for Welltower's EV-to-OCF or its related term are showing as below:
WELL'
s EV-to-OCF Range Over the Past 10 Years
Min: 19.24 Med: 36.16 Max: 64.34
Current: 59.12
During the past 13 years, the highest EV-to-OCF of Welltower was 64.34. The lowest was 19.24. And the median was 36.16.
WELL's EV-to-OCF is ranked worse than 90.06% of 926
companies
in the REITs industry
Industry Median: 18.375
vs WELL: 59.12
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Welltower's share price for today is $235.07.
Welltower's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.180.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Welltower EV-to-OCF Related Terms
Welltower EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Welltower's EV-to-OCF 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, Welltower's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Welltower EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Welltower's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Welltower's EV-to-OCF falls into.
Welltower's current Enterprise Value is $188,390 Mil.
Welltower's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,186 Mil.
* 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.
Welltower (WELL) has a EV-to-OCF of 59.12 as of Aug. 03, 2026. This is 63% above median its historical median of 36.16. Over the past decade, Welltower's EV-to-OCF has ranged from 19.24 to 64.34. According to the industry distribution chart, Welltower ranks #834 out of 926 companies in the REITs industry, placing it in the top 90.1%.
Is Welltower's EV-to-OCF too high?
Welltower's current EV-to-OCF of 59.12 is 63% above median its 10-year median of 36.16. Over the past 10 years, this metric has ranged from a low of 19.24 to a high of 64.34. The REITs industry median EV-to-OCF is 18.38. Welltower's value of 59.12 is 221.7% above this industry median. Based on the distribution chart, Welltower ranks #834 out of 926 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Welltower has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welltower's EV-to-OCF compare to VTR and OHI?
According to the REITs industry distribution chart, Welltower ranks #834 out of 926 companies for EV-to-OCF. This places Welltower in the lower half of its industry. The industry median EV-to-OCF is 18.38. Welltower's value of 59.12 is 221.7% above this benchmark. Historically, Welltower's own EV-to-OCF has ranged from 19.24 to 64.34 over the past decade. While the company's 10-year median is 36.16 vs. the industry median of 18.38, Welltower has consistently been above 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 EV-to-OCF for a REITs company?
The median EV-to-OCF among REITs companies is 18.38, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Welltower's current EV-to-OCF of 59.12 is 221.7% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median EV-to-OCF is 18.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Welltower's current EV-to-OCF is 59.12, which is 63% above median its own 10-year median of 36.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welltower stock overvalued right now?
Based on GuruFocus' analysis, Welltower (WELL) is currently considered Modestly Overvalued. The stock's GF Value™ is $197.04, compared to a current price of $235.07 — trading 19.3% above its estimated fair value. The current EV-to-OCF is 59.12, which is 63% above median its 10-year median of 36.16 and 221.7% above the REITs industry median of 18.38. Welltower's overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Welltower (WELL), the current EV-to-OCF is 59.12 as of Aug. 03, 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 Welltower (WELL) Overvalued in 2026?
Based on GuruFocus' analysis, Welltower stock appears to be overvalued.
The current stock price of $235.07 is trading 19.3% above its estimated GF Value™ of $197.04.
GuruFocus considers Welltower to be Modestly Overvalued.
Key valuation signals for WELL:
EV-to-OCF: 59.12 (63% above median its 10-year median of 36.16)
GF Value™: $197.04 vs. price of $235.07 (19.3% above fair value)
Industry Position: 221.7% above the REITs median (#834 of 926)
No single metric tells the full story. See the WELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Welltower owns a diversified healthcare portfolio of 2,800 in-place properties spread across the senior housing, medical office, and skilled nursing/postacute care sectors. The portfolio includes over 900 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.
84GF Score
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