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National Health Investors, Inc. NHI NYSE

NYSE • Real Estate • REIT - Healthcare Facilities • US • USD

SharesGrow Score
65/100
3/7 Pass
SharesGrow Intrinsic Value
$74.97
-12.1%
Analyst Price Target
$85.20
-0.1%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

National Health Investors, Inc. (NHI) trades at a trailing P/E of 28.2, forward P/E of 26.0. Trailing earnings yield is 3.54%, forward earnings yield 3.84%. PEG 3.03. Graham Number is $47.35.

Criteria proven by this page:

  • VALUE (30/100, Fail) — PEG > 2.0 means the stock is expensive even after accounting for growth (PEG 3.03).
  • Forward P/E 26.0 (down from trailing 28.2) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 3.03 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 3.54% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 3.84% as earnings recover.
  • Analyst consensus target $85.20 (-0.1% downside) — slight downside risk — the market may be ahead of analyst expectations.

Overall SharesGrow Score: 65/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score
65/100
SG Score
View full scorecard →
VALUE
30/100
Price-to-Earnings & upside
Proven by this page
FUTURE
26/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
~
HEALTH
67/100
Debt-to-Equity & liquidity
→ Health
MOAT
41/100
→ Income
GROWTH
90/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — NHI

Valuation Multiples
P/E (TTM)28.2
Forward P/E26.0
PEG Ratio3.03
Forward PEG3.03
P/B Ratio2.64
P/S Ratio11.02
EV/EBITDA19.2
Per Share Data
EPS (TTM)$3.03
Forward EPS (Est.)$3.28
Book Value / Share$32.85
Revenue / Share$8.03
FCF / Share$4.70
Yields & Fair Value
Earnings Yield3.54%
Forward Earnings Yield3.84%
Dividend Yield4.27%
Graham Number$47.35
SharesGrow IV$74.97 (-12.1%)
Analyst Target$85.20 (-0.1%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 19.1 -9.45 2.39 11.64 4.78%
2017 19.3 37.53 2.33 11.06 4.96%
2018 20.5 -3.64 2.28 10.75 5.22%
2019 22.0 -0.63 2.36 11.12 5.08%
2020 16.7 0.64 2.04 9.29 6.29%
2021 23.5 -0.43 1.74 8.79 6.96%
2022 35.2 -0.57 1.84 8.40 6.92%
2023 17.9 0.04 1.93 7.58 6.45%
2024 22.0 68.92 2.22 9.07 5.15%
2025 25.2 -7.19 2.35 9.46 4.74%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $3.87 $248.5M $151.54M 61%
2017 $3.87 $278.66M $159.37M 57.2%
2018 $3.67 $294.61M $154.33M 52.4%
2019 $2.38 $318.08M $104.16M 32.7%
2020 $3.03 $332.81M $135.37M 40.7%
2021 $1.36 $298.72M $62.19M 20.8%
2022 $0.51 $278.19M $23.06M 8.3%
2023 $3.13 $319.84M $135.65M 42.4%
2024 $3.13 $335.18M $137.99M 41.2%
2025 $3.02 $378.53M $142.18M 37.6%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $3.28 $3.25 – $3.31 $280.62M $267.23M – $292.14M 3
2027 $3.53 $3.47 – $3.59 $323.25M $307.83M – $336.52M 3
2028 $3.61 $3.39 – $3.80 $301.57M $287.18M – $313.95M 1
2029 $0.00 $0.00 – $0.00 $303.8M $289.31M – $316.28M 0
2030 $0.00 $0.00 – $0.00 $308.01M $293.32M – $320.66M 0
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