Omega Healthcare Investors Inc (OHI) is slightly overvalued and Welltower Inc (WELL) is overvalued.
Both trade above our estimate of their intrinsic value. OHI is the closer of the two: -13%, against -215% for WELL.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $41.11; the price of $46.47 is 13% above that value, and 81% of that value comes from beyond year five.
Leak Score 22/100 on 2 of 12 signals
Discounting its cash flows at 8.7% (average of 2 methods) values the shares at $73.15; the price of $230.39 is 215% above that value, and 78% of that value comes from beyond year five.
Leak Score 49/100 on 8 of 12 signals
| Metric | OHI | WELL |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $46.47 | $230.39 |
| Intrinsic value | $41.11 | $73.15 |
| Margin of safety | -13% | -215% |
| Leak Score | 22/100 (2/12) | 49/100 (8/12) |
| Market cap | $14.1B | $166.1B |
| Revenue growth, 5 years | 6.4% | 18.7% |
| Operating margin | 63.3% | 5.3% |
| Net margin | 65.3% | -2.8% |
| Return on equity | 16.2% | 3.8% |
| Debt to equity | 0.75 | 0.42 |
| P/E | 16.6x | — |
| Forward P/E | 23.2x | 70.9x |
| P/B | 2.6x | 3.6x |
| Dividend yield | 5.8% | 1.4% |