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LTC Properties PE Ratio

: 23.83 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-01-17), LTC Properties's share price is $36.70. LTC Properties's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.54. Therefore, LTC Properties's PE Ratio for today is 23.83.


The historical rank and industry rank for LTC Properties's PE Ratio or its related term are showing as below:

NYSE:LTC' s PE Ratio Range Over the Past 10 Years
Min: 8.78   Med: 21.55   Max: 37.72
Current: 23.83

8.78
37.72

During the past 13 years, the highest PE Ratio of LTC Properties was 37.72. The lowest was 8.78. And the median was 21.55.


NYSE:LTC's PE Ratio is ranked lower than
62% of the 572 Companies
in the REITs industry.

( Industry Median: 18.07 vs. NYSE:LTC: 23.83 )

LTC Properties's Earnings per Share (Diluted) for the three months ended in Sep. 2021 was $0.28. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.54.

As of today (2022-01-17), LTC Properties's share price is $36.70. LTC Properties's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.54. Therefore, LTC Properties's PE Ratio without NRI for today is 23.83.

During the past 13 years, LTC Properties's highest PE Ratio without NRI was 37.72. The lowest was 8.78. And the median was 21.66.

LTC Properties's EPS without NRI for the three months ended in Sep. 2021 was $0.28. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.54.

During the past 12 months, LTC Properties's average EPS without NRI Growth Rate was -32.20% per year. During the past 3 years, the average EPS without NRI Growth Rate was 3.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 4.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 8.30% per year.

During the past 13 years, LTC Properties's highest 3-Year average EPS without NRI Growth Rate was 266.80% per year. The lowest was -63.40% per year. And the median was 6.80% per year.

LTC Properties's EPS (Basic) for the three months ended in Sep. 2021 was $0.28. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.54.


LTC Properties PE Ratio Historical Data

The historical data trend for LTC Properties's PE Ratio 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.

* Premium members only.

LTC Properties Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.26 19.80 10.71 22.16 16.08

LTC Properties Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.36 16.08 35.97 24.45 20.58

Competitive Comparison

For the REIT - Healthcare Facilities subindustry, LTC Properties's PE Ratio, along with its competitors' market caps and PE Ratio 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.

   

LTC Properties PE Ratio Distribution

For the REITs industry and Real Estate sector, LTC Properties's PE Ratio distribution charts can be found below:

* The bar in red indicates where LTC Properties's PE Ratio falls into.



LTC Properties PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

LTC Properties's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=36.70/1.540
=23.83

LTC Properties's Share Price of today is $36.70.
LTC Properties's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.54.

* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


LTC Properties  (NYSE:LTC) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


LTC Properties PE Ratio Related Terms

Thank you for viewing the detailed overview of LTC Properties's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


LTC Properties Business Description

LTC Properties logo
Industry
Real Estate » REITs NAICS : 531190 SIC : 6798
Traded in Other Exchanges
Address
2829 Townsgate Road, Suite 350, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments. LTC generates all of its revenue in the United States. LTC is an active capital provider in the seniors housing and health care real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects. LTC considers merger and acquisition investment as a component of its operational growth strategy.
Executives
Pieczynski James director PACWEST BANCORP 9701 WILSHIRE BOULEVARD, SUITE 700 BEVERLY HILLS CA 90212
Hendrickson Boyd W director 22917 PACIFIC COAST HWY SUITE 350 MALIBU CA 90265
Triche Timothy director 2358 NORTH VERMONT AVE LOS ANGELES CA 90027
Shapiro Devra G director C/O IPC THE HOSPITALIST COMPANY, INC. 4605 LANKERSHIM BLVD SUITE 617 NORTH HOLLYWOOD CA 91602
Shelley-kessler Pamela officer: EVP, CFO & Secretary 300 ESPLANADE DR #1860 OXNARD CA 93036
Simpson Wendy director, officer: Chairman CEO & President 300 ESPLANADE DR #1860 OXNARD CA 93036
Malin Clint B officer: EVP & CIO 22917 PACIFIC COAST HWY SUITE 350 MALIBU CA 90265
Chikhale Caroline officer: EVP, CAO, Controller,Treasurer 2829 TOWNSGATE RD SUITE 350 WESTLAKE VILLAGE CA 91361
Lyew Peter G officer: VP, Director of Taxes 31365 OAK CREST DRVE SUITE 200 WESTLAKE VILLAGE CA 91361
Chappell Brent P. officer: SVP, Inv. & Portfolio Mgmt 2829 TOWNSGATE RD #350 WESTLAKE VILLAGE CA 91361
King Edmund director 258 VINEYARD LANE MESQUITE NV 89027
Stokes Thomas Andrew officer: SVP, Marketing/Strat. Planning 31365 OAK CREST DRIVE SUITE 200 WESTLAKE VILLAGE CA 91361
Dimitriadis Andre C director, officer: Exec. Chairman 9955 SE WASHINTON SUITE 201 PORTLAND OR 97216
National Health Investors Inc 10 percent owner 222 ROBERT ROSE DRIVE MURFREESBORO TN 37129
Yellen Sam director DIRECTOR, PPBI 22433 OXNARD ST WOODLAND HILLS CA 91367

LTC Properties Headlines

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