National Health Investors (NHI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), National Health Investors had a P/E ratio of 25.63 (up from 22.83), return on equity of 9.6% (down from 10.3%), debt-to-equity of 0.76 (down from 0.83) and a current ratio of 0.54 (down from 1.64). A current ratio of 0.54 means current liabilities exceed current assets. Its dividend yield was 4.95% with a payout ratio of 119.4%.

National Health Investors Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	25.63	22.83	17.88	34.12	23.57	16.71
P/S Ratio	9.59	9.38	7.57	8.13	8.87	9.38
P/B Ratio	2.36	2.27	1.90	1.76	1.74	2.03
Price/Tangible Book	2.39	2.30	1.93	1.78	1.75	2.05
Price/OCF	15.38	15.15	13.14	12.22	12.50	13.33
Enterprise Value Ratios
EV/Revenue	12.35	12.78	11.15	12.10	13.07	13.95
EV/EBITDA	16.92	16.47	14.35	15.71	14.63	15.09
EV/EBIT	23.91	22.70	19.96	23.46	21.04	20.74
Profitability & Returns
Return on Equity (ROE)	9.63%	10.28%	10.48%	4.67%	7.37%	12.27%
Return on Assets (ROA)	4.52%	4.63%	4.48%	3.36%	3.87%	4.50%
Return on Invested Capital (ROIC)	7.48%	7.64%	7.39%	5.53%	6.38%	7.43%
Leverage & Solvency Ratios
Debt/Equity	0.76	0.83	0.89	0.89	0.82	0.99
Debt/EBITDA	4.21	4.41	4.56	5.35	4.68	4.94
Liquidity Ratios
Current Ratio	0.54	1.64	1.71	2.35	3.28	2.01
Quick Ratio	0.50	1.53	1.53	1.56	2.12	1.89
Efficiency Ratios
Asset Turnover	0.14	0.13	0.13	0.10	0.10	0.11
Yield & Distribution Ratios
Earnings Yield	3.91%	4.38%	5.60%	2.93%	4.24%	5.98%
Dividend Yield	4.95%	5.66%	7.40%	8.48%	8.66%	8.54%
Payout Ratio	119.36%	113.43%	115.17%	243.62%	163.59%	105.11%
Buyback Yield	-6.69%	-1.64%	3.14%	2.05%	-2.31%	-2.28%
Total Return	-1.74%	4.02%	10.54%	10.52%	6.36%	6.27%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About National Health Investors Financial Ratios

What is National Health Investors's P/E ratio?

National Health Investors's P/E ratio was 25.63 for fiscal 2025 (period ended Dec 31, 2025). It was 22.83 a year earlier.

What is National Health Investors's return on equity?

National Health Investors's return on equity (ROE) was 9.6% for fiscal 2025 (period ended Dec 31, 2025). It was 10.3% a year earlier.

What is National Health Investors's debt-to-equity ratio?

National Health Investors's debt-to-equity ratio was 0.76 for fiscal 2025 (period ended Dec 31, 2025). It was 0.83 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition