What is Pebblebrook Hotel Trust worth?
With the base-case assumptions below, a discounted cash flow model on Pebblebrook Hotel Trust's reported free cash flow gives $27.67 per share. The share price was $22.22 on November 10, 2026, 20% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $10.80 | -51% |
| Base | 15.0% | 9.0% | $27.67 | +25% |
| Bull | 20.0% | 8.0% | $59.10 | +166% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $40.45 | $44.44 | $49.30 | $55.39 | $63.22 |
| 8.0% | $30.85 | $33.44 | $36.49 | $40.15 | $44.63 |
| 9.0% | $23.87 | $25.64 | $27.67 | $30.05 | $32.86 |
| 10.0% | $18.57 | $19.83 | $21.25 | $22.88 | $24.76 |
| 11.0% | $14.43 | $15.35 | $16.38 | $17.54 | $18.85 |
Where the presets come from
Base: years 1 to 5 grow at Pebblebrook Hotel Trust's revenue growth rate over the last 5 fiscal years (27.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions