Ashford Hospitality Trust Inc. (AHT) intrinsic value & 10-year financials
Ashford Hospitality Trust Inc. (AHT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 3.3% a year to $1.1B, with an average return on invested capital of 1.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.83
- Market cap
- $10.9M
- Revenue (FY2025)
- $1.1B
- Revenue growth (10-yr CAGR)
- -3.3%
- ROIC (10-yr avg)
- 1.9%
- Free cash flow (FY2025)
- —
AHT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | -$179.8M | -$35.99 | — | 10.5% | 5.9% |
| FY2024 | $1.2B | -$60.3M | -$17.54 | — | 22.1% | 10.4% |
| FY2023 | $1.4B | -$178.5M | -$5.61 | — | 9.5% | 4.2% |
| FY2022 | $1.2B | -$139.8M | -$4.46 | — | 6.1% | 2.3% |
| FY2021 | $805.4M | -$267.0M | -$12.43 | — | -15.5% | -3.8% |
| FY2020 | $508.2M | -$543.9M | -$33.00 | — | -91.6% | -12.4% |
| FY2019 | $1.5B | -$113.6M | -$1.58 | — | 7.6% | 2.8% |
| FY2018 | $1.4B | -$127.0M | -$1.75 | — | 6.3% | 2.2% |
| FY2017 | $1.4B | -$67.0M | -$1.30 | — | 9.4% | 3.2% |
| FY2016 | $1.5B | -$46.3M | -$0.95 | — | 10.4% | 3.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ASHFORD HOSPITALITY TRUST INC is facing top-line stagnation, with revenue contracting over the decade.
ASHFORD HOSPITALITY TRUST INC has historically struggled to out-earn its cost of capital, averaging just 1.9% ROIC.
Over the decade, ASHFORD HOSPITALITY TRUST INC shows that management has aggressively returned capital to shareholders by retiring 93.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ASHFORD HOSPITALITY TRUST INC is modeled at -3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-59.62 per share.