American Healthcare REIT Inc (AHR) is overvalued and CareTrust REIT Inc (CTRE) is fairly valued.
Against our estimates of intrinsic value, CTRE trades at the wider discount: a margin of safety of +1%, against -416% for AHR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $10.01; the price of $51.69 is 416% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $37.70; the price of $37.43 is 1% below that value, and 78% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | AHR | CTRE |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $51.69 | $37.43 |
| Intrinsic value | $10.01 | $37.70 |
| Margin of safety | -416% | +1% |
| Leak Score | 0/100 (2/12) | 27/100 (3/12) |
| Market cap | $11.3B | $8.8B |
| Revenue growth, 5 years | 12.7% | 21.7% |
| Operating margin | 6.8% | 64.9% |
| Net margin | 4.8% | 62.1% |
| Return on equity | 4.0% | 9.1% |
| Debt to equity | 0.42 | 0.27 |
| P/E | 76.7x | 23.6x |
| Forward P/E | 65.8x | 22.3x |
| P/B | 2.7x | 2.0x |
| Dividend yield | 2.0% | 4.2% |