Host Hotels & Resorts Inc (HST) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Host Hotels & Resorts Inc stock $18.98, price $24.62, that is 22.9% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $11.48 – $26.11 · fair‑value band $12.08 – $24.22 · the $24.62 price screens above the $18.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Host Hotels & Resorts, Inc., herein referred to as we, Host Inc., or the Company, is a self-managed and self-administered real estate investment trust that owns hotel property.
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We conduct our operations as an umbrella partnership, REIT, through an operating partnership, Host Hotels & Resorts, L.P., of which we are the sole general partner.
When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 2025, which are non-controlling interests in Host LP in our consolidated balance sheets and are included in net (income) loss attributable to non-controlling interests in our condensed consolidated statements of operations.
Host Hotels & Resorts, Inc. is incorporated in 1927 and is based in Bethesda, Maryland.
Stock analysis
Host Hotels & Resorts Inc (HST) currently trades at $24.62, while our model-based Fair Value estimate is $18.98, 23% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $21.02 per share, and 3 of the 16 models we run sit above the $24.62 price.
Bear case: the Asset-Based group reads lowest at $6.41, and 13 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $12.08 (bear) to $24.22 (bull), the price of $24.62 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Host Hotels & Resorts Inc reported revenue of $6.1B in FY2025 versus $2.9B in FY2021, a compound +20.6%/yr. Reported net income was $765M in FY2025.
Key figures
Market cap $17.1B Large · P/E ratio 18.0 · P/S ratio 2.74 · EPS (TTM) $1.35 · Dividend yield 3.2% · Net margin 16.5% · Return on equity 15.6% · Return on assets (EBIT) 4.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −32% fair-value upside, at −23%, HST screens cheaper than that median.
Fair Value models
Bear$12.08Fair Value $18.98Bull$24.22
Price $24.62 · Downside -22.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4716 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $3.2M and none bought.
SaleMichael E LentzEVP, Development, D&C3× since Nov 25, 2025: 104,430 shares, avg. $20.97$2.2MAug 21, 2026
SaleNathan S TyrrellEVP, Ch. Investment Officer4× since Dec 11, 2025: 159,070 shares, avg. $22.06$3.5MAug 19, 2026
SaleWalter C RakowichDirector3,408 shares at $22.90$78,043May 26, 202610b5-1 plan
Plus 4 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.4%
Start year 2020 (pandemic). Over 10 years: +1.3% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)3.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.6% vs 1.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−59% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.4% a year for the price and −1.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The business benefits from premium resort demand and event-driven RevPAR gains yet remains exposed to cyclical lodging swings with weak pricing power.
Main risk: Generative AI tools for remote collaboration and AI travel assistants could reduce business travel frequency and compress pricing power for Host's luxury and upper-upscale properties.
Bull case: Host could integrate AI for operational efficiencies and enhanced guest experiences while its premium locations and operator partnerships sustain demand in high-end segments.
Bear case: If AI reduces corporate travel and short-term rentals gain share, Host could encounter sustained lower RevPAR and margin compression across its portfolio.
Host Hotels focuses on luxury and upper-upscale properties where resort demand and events like the World Cup drove solid recent RevPAR gains and prompted raised full-year guidance. Yet our models continue to flag the shares as overvalued amid a cyclical lodging business that depends on sustained high-end travel. Will the operating momentum from premium segments outweigh the risks of demand swings, or will valuation pressures dominate?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Hotel & Motel · 30 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−22.9% · Below median
Profitability
Return on equity (12 months)15.6% · Top 25%
Return on assets5.9% · Top 25%
Net margin (12 months)16.5% · Above median
Operating margin (12 months)18.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.6% · Above median
Dividend yield (12 months)3.2% · Below median
Balance sheet
Debt / equity0.62× · Above median
Valuation Multiplesvs REIT - Hotel & Motel median · lower = cheaper
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Is Host Hotels & Resorts Inc (HST) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $18.98 versus a price of $24.62, about 23% lower (overvalued).
What is the fair value of HST?
Our model-based fair value for Host Hotels & Resorts Inc is $18.98 (as of Nov 6, 2026), built from audited fundamentals. The current price: $24.62.
What is the quality score of HST?
Host Hotels & Resorts Inc has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Host Hotels & Resorts Inc (HST)?
Our model-based price target is the fair value of $18.98 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario $12.08, optimistic scenario $24.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Host Hotels & Resorts Inc stock forecast for 2026?
Our models put fair value at $18.98, about 23% lower versus a price of $24.62 (overvalued). Cautious scenario $12.08, optimistic scenario $24.22. The calculation is refreshed regularly with new filings.
What is the revenue of Host Hotels & Resorts Inc (HST)?
Host Hotels & Resorts Inc reported trailing-twelve-month revenue of about $6.2B (latest available figure, as of Nov 6, 2026).
Does Host Hotels & Resorts Inc pay a dividend?
Host Hotels & Resorts Inc currently shows a dividend yield of 3.25% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Host Hotels & Resorts Inc (HST) and when is the ex-dividend date?
Host Hotels & Resorts Inc pays a dividend of $0.8 per share a year, a dividend yield of 3.2%. The last ex-dividend date was Sep 30, 2026. A dividend has been paid every year since 2022. The payout ratio is 59.3% of earnings. Free cash flow covers the dividend 1.57 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Host Hotels & Resorts Inc (HST)?
For today's price to be fair in a discounted-cash-flow model, Host Hotels & Resorts Inc would have to grow free cash flow by +13.0 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +30.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of HST use?
Our models discount Host Hotels & Resorts Inc at 9.5 %: a base by market capitalisation (large), damped by beta 1.11, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Host Hotels & Resorts Inc that is +13.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Host Hotels & Resorts Inc (HST) delivered so far?
Over the past 5 years revenue at Host Hotels & Resorts Inc grew +30.4 % a year. The price currently implies free-cash-flow growth of +13.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Host Hotels & Resorts Inc (HST) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Host Hotels & Resorts Inc (+13.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Host Hotels & Resorts Inc (HST)?
The free-cash-flow yield on the price is 5.02 %: that much free cash flow Host Hotels & Resorts Inc produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Host Hotels & Resorts Inc (HST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Host Hotels & Resorts Inc it is $18.98 per share (as of Nov 6, 2026), against a price of $24.62. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Host Hotels & Resorts Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, HST trades above its calculated fair value: price $24.62, fair value $18.98, a gap of about −23% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HST?
No. The price is what the market pays today ($24.62); the fair value is what the company's own numbers justify ($18.98). For Host Hotels & Resorts Inc the two are $5.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Host Hotels & Resorts Inc worth?
The market values Host Hotels & Resorts Inc at about $17.1B (market capitalisation, as of Nov 6, 2026). Per share that is $24.62; our models calculate a fair value of $18.98 per share.
What do the bullish and bearish scenarios say about HST?
Our models span a range for Host Hotels & Resorts Inc: cautious scenario $12.08, base $18.98, optimistic $24.22 per share (as of Nov 6, 2026, price $24.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HST?
Host Hotels & Resorts Inc trades at a price-to-earnings ratio of 18.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.98 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 18.5. Other multiples: PEG 4.0, P/B 2.6, P/S 2.7, EV/EBITDA 12.0.
What is the PEG ratio of HST?
The PEG ratio of Host Hotels & Resorts Inc is 3.96 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Host Hotels & Resorts Inc (HST)?
Balance-sheet figures for Host Hotels & Resorts Inc (as of Nov 6, 2026): return on equity 15.6%, debt of 0.62 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is HST from its 52-week high?
Host Hotels & Resorts Inc trades at $24.62, about 6% below its 52-week high of $26.11 and 58% above the low of $15.57 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $18.98 is for.
Which stocks are comparable to Host Hotels & Resorts Inc?
From the same area (Real Estate) we also value Ryman Hospitality Properties, Inc, Apple Hospitality REIT, Inc, COVH, Park Hotels & Resorts inc., among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Host Hotels & Resorts Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $24.62, calculated fair value $18.98 (−23%), Quality Score 61/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HST calculated?
We run Host Hotels & Resorts Inc through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $18.98 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Host Hotels & Resorts Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Host Hotels & Resorts Inc (HST)?
The closing price on Nov 6, 2026 was $24.62. Our model-based fair value is $18.98, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Host Hotels & Resorts Inc right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($12.08 to $24.22) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Host Hotels & Resorts Inc (HST) come from?
Earnings per share at Host Hotels & Resorts Inc grew +1.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin +1.9 %, tax rate −0.1 %, residual (interest, one-offs) −1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Host Hotels & Resorts Inc
How large is the market capitalisation of Host Hotels & Resorts Inc (HST)?
The market capitalisation of Host Hotels & Resorts Inc is $17.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Host Hotels & Resorts Inc (HST)?
The price-to-sales ratio of Host Hotels & Resorts Inc is 2.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Host Hotels & Resorts Inc (HST)?
Earnings per share at Host Hotels & Resorts Inc are $1.35 (price ÷ EPS = P/E 18.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Host Hotels & Resorts Inc (HST)?
The dividend yield of Host Hotels & Resorts Inc is 3.2% (payout 59.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Host Hotels & Resorts Inc (HST)?
The net margin of Host Hotels & Resorts Inc is 16.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Host Hotels & Resorts Inc (HST)?
The return on equity (ROE) of Host Hotels & Resorts Inc is 15.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Host Hotels & Resorts Inc (HST)?
On an EBIT basis the return on assets of Host Hotels & Resorts Inc is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Host Hotels & Resorts Inc (HST)?
The operating margin of Host Hotels & Resorts Inc is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Host Hotels & Resorts Inc (HST)?
Revenue at Host Hotels & Resorts Inc is growing +3.6% versus a year earlier (3y avg +7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Host Hotels & Resorts Inc (HST)?
Earnings per share at Host Hotels & Resorts Inc are growing +8.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Host Hotels & Resorts Inc (HST) carry?
The net debt of Host Hotels & Resorts Inc is $4.9B (fiscal year 2025, ≈ 5.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026