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Held by 246 of 5,944 reporting institutions (93th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $17.99 today, the market must believe free cash flow compounds 15.6%/yr for a decade (off $111M normalized FCF).
The market's 15.6% is more optimistic than its 9-yr track record.
2-stage DCF · 0.11B shares · net debt $1.9B
mean 142.7% · volatility σ 338% · implied rate exceeded in 2/6 yrs
Central path = implied 15.6%/yr growth; shaded band = ±1σ (338%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 3% of free cash flow, leaving room to grow it and fund buybacks. Last year: $5M dividends + $73M buybacks = $77M returned on $152M FCF.
1 consecutive years of dividend increases · -33%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $184M covers the $50M due within a year 3.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.9% on $2.1B of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B 100.0% | $1.45B 100.0% | $1.42B 100.0% | $1.39B 100.0% | $733.0M 100.0% | $442.9M 100.0% | $1.61B 100.0% | $828.7M 100.0% | $769.3M 100.0% | $816.4M 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | $511.8M 61.8% | $468.0M 60.8% | $483.9M 59.3% |
| Selling, General & Admin | $49.5M 3.4% | $48.1M 3.3% | $44.8M 3.2% | $39.2M 2.8% | $38.2M 5.2% | $45.2M 10.2% | $34.0M 2.1% | $20.9M 2.5% | $20.1M 2.6% | $27.9M 3.4% |
| Total Operating Expenses | $1.43B 97.0% | $1.37B 94.2% | $1.38B 97.3% | $1.38B 98.9% | $822.8M 112.2% | $735.6M 166.1% | $1.38B 85.8% | $761.7M 91.9% | $633.9M 82.4% | $636.4M 78.0% |
| Operating Income | $43.8M 3.0% | $84.0M 5.8% | $37.8M 2.7% | $14.7M 1.1% | -$89.8M -12.2% | -$292.7M -66.1% | $229.3M 14.2% | $67.0M 8.1% | $135.4M 17.6% | $180.0M 22.0% |
| Interest Expense | $103.3M 7.0% | $112.4M 7.7% | $115.7M 8.1% | $100.0M 7.2% | $96.6M 13.2% | $104.1M 23.5% | $108.5M 6.7% | $53.9M 6.5% | $37.3M 4.8% | $43.6M 5.3% |
| Interest & Investment Income | — | — | — | — | — | — | — | $178K 0.0% | $97K 0.0% | $2.0M 0.2% |
| Other Income (Expense), net | $3.6M 0.2% | $2.8M 0.2% | $4.2M 0.3% | $562K 0.0% | $113K 0.0% | $517K 0.1% | $29K 0.0% | $2.1M 0.3% | $2.4M 0.3% | $283K 0.0% |
| Pretax Income | -$55.9M -3.8% | -$25.6M -1.8% | -$73.6M -5.2% | -$84.7M -6.1% | -$186.3M -25.4% | -$396.3M -89.5% | $120.9M 7.5% | $15.1M 1.8% | $100.4M 13.1% | $73.8M 9.0% |
| Income Tax Expense | $6.3M 0.4% | -$25.6M -1.8% | $655K 0.0% | $277K 0.0% | $61K 0.0% | -$3.7M -0.8% | $5.2M 0.3% | $1.7M 0.2% | $181K 0.0% | -$134K -0.0% |
| Net Income | -$65.8M -4.5% | -$4.2M -0.3% | -$78.0M -5.5% | -$87.2M -6.3% | -$184.9M -25.2% | -$391.7M -88.4% | $115.4M 7.2% | $13.4M 1.6% | $99.9M 13.0% | $73.7M 9.0% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.90 | $-0.39 | $-0.93 | $-0.95 | $-1.80 | $-3.25 | $0.63 | $-0.06 | $1.20 | $0.65 |
| EPS (Diluted) | $-0.90 | $-0.39 | $-0.93 | $-0.95 | $-1.80 | $-3.25 | $0.63 | $-0.06 | $1.19 | $0.64 |
| Weighted Avg Shares (Basic) | 117.0M | 119.8M | 121.8M | 130.5M | 130.8M | 130.6M | 130.5M | 74.3M | 69.6M | 71.9M |
| Weighted Avg Shares (Diluted) | 117.0M | 119.8M | 121.8M | 130.5M | 130.8M | 130.6M | 130.7M | 74.3M | 70.0M | 72.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
No trend data available for this metric.
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $163.3B | 168.7× | — | 15.1× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.7B | — | — | 2546.6× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $124.3B | 37.6× | — | 14.1× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $99.8B | 73.8× | 25.5× | 10.8× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $82.3B | 32.7× | 14.2× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.2B | 14.3× | — | 10.4× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.4B | 48.9× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $51.7B | 32.7× | — | 10.7× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.9B | 163.3× | — | 7.2× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.0B | 36.0× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.2B | 228.9× | 22.6× | 4.8× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $28.8B | 29.7× | 13.5× | 8.5× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $26.2B | 9.4× | — | 6.5× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.0B | 18.4× | 21.5× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.1× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.1× | 11.6× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $16.0B | 20.7× | 11.9× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.7B | 48.5× | 16.8× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.0B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| LAMR | $15.0B | 25.6× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| HST | $15.0B | 19.8× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| PEB | $2.0B | — | — | 1.4× | 1.5% | — | -4.5% | -2.7% | -1.4% | — | 246 |
Peers = companies sharing PEB's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 42th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 61.8 | — | — | — | — | — | — | — |
| SG&A | 2.5 | 2.1 | 10.2 | 5.2 | 2.8 | 3.2 | 3.3 | 3.4 |
| Operating Income | 8.1 | 14.2 | -66.1 | -12.2 | 1.1 | 2.7 | 5.8 | 3.0 |
| Income Tax | 0.2 | 0.3 | -0.8 | 0.0 | 0.0 | 0.0 | -1.8 | 0.4 |
| Net Income | 1.6 | 7.2 | -88.4 | -25.2 | -6.3 | -5.5 | -0.3 | -4.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PEB: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.