Sunstone Hotel Investors, Inc. (SHO) intrinsic value & 10-year financials
Sunstone Hotel Investors, Inc. (SHO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 2.4% a year to $960.1M, with an average return on invested capital of 2.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $11.83
- Market cap
- $2.3B
- Revenue (FY2025)
- $960.1M
- Revenue growth (10-yr CAGR)
- -2.4%
- ROIC (10-yr avg)
- 2.5%
- Free cash flow (FY2025)
- —
SHO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $960.1M | $24.6M | $0.04 | — | — | 0.9% |
| FY2024 | $905.8M | $43.3M | $0.14 | — | — | 1.6% |
| FY2023 | $986.5M | $206.7M | $0.93 | — | — | 7.7% |
| FY2022 | $912.1M | $90.8M | $0.34 | — | — | 3.3% |
| FY2021 | $509.1M | $33.0M | $0.06 | — | — | 1.3% |
| FY2020 | $267.9M | -$410.5M | -$1.93 | — | — | -15.6% |
| FY2019 | $1.1B | $142.8M | — | — | — | 5.1% |
| FY2018 | $1.2B | $259.1M | — | — | 25.8% | 10.1% |
| FY2017 | $1.2B | $153.0M | — | — | 11.8% | 4.6% |
| FY2016 | $1.2B | $140.7M | — | — | 14.3% | 5.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sunstone Hotel Investors, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Sunstone Hotel Investors, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.5% ROIC.
Sunstone Hotel Investors, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sunstone Hotel Investors, Inc. is modeled at -9.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.37 per share.