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OMEGA HEALTHCARE INVESTORS INC OHI

NYSE · reit · Real Estate Investment Trusts · website · IPO 1992-08-07 · LEI

OMEGA HEALTHCARE INVESTORS INC statistics & valuation

Market cap$14.3B
P / E24.3×
P / S12.0×
P / B2.6×
Dividend yield5.45%
Net margin49.6%
Return on equity10.8%
Net debt$4.2B
Enterprise value USD$18.6B
Graham number -39.3%$27.91

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.91); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.50% 38.60% 49.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
62.20% 34.70% 56.40% 59.40% 2016201720182019202020212022202320242025
Return on equity (%)
6.40% 8.60% 10.80% 2016201720182019202020212022202320242025
Shares outstanding
201.6M 206.8M 209.7M 226.6M 235.1M 244.3M 244.3M 250.5M 279.1M 305.0M 2016201720182019202020212022202320242025
Net debt ($)
$4.27B $4.49B $4.53B $5.11B $5.01B $5.23B $4.99B $4.62B $4.32B $4.23B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.70% 4.10% 5.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.04× 1.18× 1.21× 1.18× 1.28× 1.28× 1.39× 1.35× 1.02× 0.78× 2016201720182019202020212022202320242025
EPS ($)
$1.90 $0.51 $1.40 $1.58 $0.70 $1.75 $1.80 $1.00 $1.55 $1.94 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

OMEGA HEALTHCARE INVESTORS INC trades at about 23.7× earnings — below its 10-year norm (10-year range 16.4×–53×, median 26.6×).

16.4× 53×

Shaded band = 10-year range (16.4×–53×); dot = today's 23.7×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin——————59.4%56.4%34.7%62.2%
Net margin49.6%38.6%25.5%———————
Return on assets5.9%4.1%2.7%———————
Return on equity10.8%8.6%6.4%———————
Debt / equity0.78×1.02×1.35×1.39×1.28×1.28×1.18×1.21×1.18×1.04×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.