Xenia Hotels & Resorts, Inc. (XHR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+138.3%

$49.94

vs $20.96 price

Levered DCF

$12.88

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.92

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	21.75×	99.07×	80.12×	26.9×	-14.04×	-10.34×	44.1×	9.77×
P/B	1.21×	1.22×	1.14×	1.04×	1.44×	1.11×	1.4×	1.04×
P/S	1.27×	1.46×	1.44×	1.51×	3.34×	4.67×	2.12×	1.79×
EV / EBITDA	9.32×	12.44×	11.79×	9.57×	47.75×	-27.71×	13.72×	10.35×
Gross margin	1.5%	24.3%	26.2%	27.9%	20.8%	-9.4%	28.0%	29.8%
Operating margin	9.9%	8.4%	9.5%	11.2%	-9.9%	-65.4%	9.7%	12.5%
Net margin	5.8%	1.6%	1.9%	5.6%	-23.3%	-44.2%	4.8%	18.3%
Current ratio	2.34×	1.47×	2.26×	3.4×	6.91×	6.98×	1.93×	1.69×
Debt / equity	1.26×	1.07×	1.08×	0.99×	1.05×	0.88×	0.74×	0.63×
Interest coverage	1.24×	1.07×	1.15×	1.35×	-0.75×	-3.9×	2.29×	2.56×
Dividend yield	4.0%	3.2%	3.0%	0.8%	0.0%	3.7%	5.2%	6.4%
Payout ratio	85.9%	296.8%	233.1%	20.9%	-0.0%	-38.7%	227.2%	62.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.6%	1.3%	1.5%	3.9%	-10.0%	-10.5%	3.2%	10.6%
Return on invested capital	3.9%	3.2%	3.3%	3.6%	-2.0%	-7.3%	3.2%	4.2%
Return on assets	2.2%	0.6%	0.7%	1.8%	-4.6%	-5.3%	1.7%	6.1%
Free cash flow yield	6.6%	1.5%	5.2%	7.8%	0.4%	-8.5%	6.3%	7.7%
Earnings yield	4.6%	1.1%	1.3%	3.7%	-7.0%	-9.5%	2.3%	10.2%
Enterprise value	$2.7B	$2.8B	$2.7B	$2.6B	$3B	$2.7B	$3.6B	$3B
Net debt / EBITDA	4.53×	5.64×	5.36×	4.09×	15.4×	-10.07×	4.49×	3.72×
Cash conversion cycle (days)	-23	-39	-38	-41	-46	382	-27	-36