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Saturday 7 November 2026 Export NHI’s income statement to Excel — free account

National Health Investors, Inc.

NHI Real Estate Reit Healthcare Facilities

National Health Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $375.6 million, up 12.1% from fiscal 2024.

Revenue
+33.8%
EPS
+45.6%
Free cash flow
+2,585.5%
Total debt
+13.9%

Quarter to June 2026, against a year earlier

71.11 0.47 −0.66%
Market cap
$3.5B
P/E
20.5×
Fwd P/E
16.5×
Dividend yield
5.20%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

National Health Investors, Inc. (NHI) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, National Health Investors, Inc. (NHI) trades at a P/B ratio of 2.2×. Over the past ten years it has ranged from 1.0× (March 2020) to 3.0× (September 2024); the current reading is higher than 44% of that period. That is above the Reit Healthcare Facilities industry median of 1.7× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.3× 5.93%
FY2024 2.2× 15.64%
FY2023 1.9× 3.38%
FY2022 1.8× 6.70%
FY2021 1.7× (14.69%)
FY2020 2.0× (14.03%)
FY2019 2.4× 3.57%
FY2018 2.3× (2.73%)
FY2017 2.3× (2.54%)
FY2016 2.4× 20.04%

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.3× (8.84%)
Mar 2026 2.6× 9.66%
Dec 2025 2.3× (7.56%)
Sep 2025 2.5× 15.06%
42 more quarters

Against its own ten years

Low 1.0× High 3.0×
Ten-year median 2.3×
Current reading's percentile 45

P/B ratio against peers

Company P/B ratio
MPT Medical Properties Trust, Inc. compare 0.2×
NHP National Healthcare Properties, Inc. compare 1.0×
DHC Diversified Healthcare Trust compare 1.1×
LTC LTC Properties, Inc. compare 1.4×
HR Healthcare Realty Trust Incorporated compare 1.6×
CTRE CareTrust REIT, Inc. compare 1.7×
SBRA Sabra Healthcare REIT, Inc. compare 1.9×
NHI National Health Investors, Inc. 2.2×
AHR American Healthcare REIT, Inc. compare 2.2×
Reit Healthcare Facilities industry median 1.7×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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