Is Ventas, Inc. overvalued or undervalued?

As of 31 July 2025, the valuation grade for Ventas, Inc. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently considered overvalued based on its high valuation ratios, including a P/E ratio of 343, a Price to Book Value of 7.51, and an EV to EBITDA of 111.92. In comparison, VICI Properties, Inc. shows a much lower P/E of 12.89 and an EV to EBITDA of 9.70, highlighting the stark contrast in valuation between these peers.
Additionally, Ventas, Inc. has underperformed against the S&P 500 over the longer term, with a 3-year return of 41.60% compared to the S&P 500's 70.41%, and a 5-year return of 57.67% versus 96.61%. This trend reinforces the notion that Ventas is overvalued relative to its peers and the broader market.