Healthpeak Properties Inc (DOC) is overvalued and Sabra Healthcare REIT Inc (SBRA) is overvalued.
Both trade above our estimate of their intrinsic value. DOC is the closer of the two: -327%, against -607% for SBRA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.9% (average of 2 methods) values the shares at $4.83; the price of $20.60 is 327% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $2.80; the price of $19.81 is 607% above that value, and 81% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | DOC | SBRA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $20.60 | $19.81 |
| Intrinsic value | $4.83 | $2.80 |
| Margin of safety | -327% | -607% |
| Leak Score | 0/100 (2/12) | 0/100 (2/12) |
| Market cap | $14.6B | $5.1B |
| Revenue growth, 5 years | 11.4% | 5.5% |
| Operating margin | 17.9% | 18.8% |
| Net margin | 8.2% | 7.6% |
| Return on equity | 3.1% | 2.4% |
| Debt to equity | 1.32 | 0.96 |
| P/E | 58.9x | 76.2x |
| Forward P/E | 93.3x | 25.9x |
| P/B | 1.8x | 1.8x |
| Dividend yield | 6.0% | 6.1% |