Pebblebrook Hotel Trust (PEB) is overvalued and Ryman Hospitality Properties Inc (RHP) is slightly undervalued.
Against our estimates of intrinsic value, RHP trades at the wider discount: a margin of safety of +9%, against -70% for PEB.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% values the shares at $10.71; the price of $18.26 is 70% 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 8.8% (average of 3 methods) values the shares at $133.19; the price of $121.55 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | PEB | RHP |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $18.26 | $121.55 |
| Intrinsic value | $10.71 | $133.19 |
| Margin of safety | -70% | +9% |
| Leak Score | 0/100 (2/12) | 0/100 (2/12) |
| Market cap | $2.1B | $8.3B |
| Revenue growth, 5 years | 27.2% | 37.5% |
| Operating margin | 7.4% | 19.9% |
| Net margin | -5.3% | 9.9% |
| Return on equity | -1.8% | 35.1% |
| Debt to equity | 1.02 | 5.52 |
| P/E | — | 29.9x |
| Forward P/E | — | 24.2x |
| P/B | 0.8x | 10.1x |
| Dividend yield | 0.2% | 4.0% |