Stocktoria
NATIONAL HEALTH INVESTORS INC NHI
NYSE · XNYS · reit · Real Estate Investment Trusts · website · IPO 1991-07-24
NATIONAL HEALTH INVESTORS INC statistics & valuation
Market cap$3.8B
P / E26.5×
P / S10.0×
P / B2.5×
Dividend yield4.51%
Net margin37.9%
Return on equity9.3%
FCF margin-15.3%
Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
NATIONAL HEALTH INVESTORS INC trades at about 25.5× earnings — above its 10-year norm (10-year range 15.7×–39.8×, median 22.7×).
15.7×
39.8×
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 37.9% | 41.2% | 42.4% | 23.9% | 37.4% | 55.6% | 50.4% | 52.4% | 57.2% | 61.0% |
| FCF margin | -15.3% | 14.9% | 42.2% | 62.7% | 53.7% | 34.7% | 1.2% | 20.4% | 8.0% | -87.8% |
| Return on assets | 5.1% | 5.3% | 5.5% | 2.6% | 3.9% | 5.9% | 5.3% | 5.6% | 6.3% | 6.3% |
| Return on equity | 9.3% | 10.0% | 10.7% | 5.2% | 7.4% | 12.2% | 10.7% | 11.1% | 12.1% | 12.5% |
| Debt / equity | — | — | — | — | — | — | — | — | — | 0.94× |
Source: SEC EDGAR filings · CIK 0000877860 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.