National Health Investors PE ratio NHI

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: 19.4×
10-year median: 21.4×
Against its 10-year history: 33rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.2× to 45.5×
Peer median: 23.2×

National Health Investors' PE ratio is 19.4× as of Oct 23, 2026: a share price of $67.06 against $3.46 of earnings per share over the last twelve months.

That is below its ten-year median of 21.4×, lower than on 67% of days in the last ten years.

Over that time it ranged from 10.2× in Apr 2020 to 45.5× in Aug 2022.

The median for 10 specialty REITs of a similar size is 23.2×.

PE ratio over time

median 21.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	19.4×	18.7×	28.6×
2025	24.3×	22.4×	25.5×
2024	23.7×	18.4×	28.9×
2023	23.0×	19.4×	37.7×
2022	33.3×	17.1×	45.5×
2021	18.4×	15.2×	19.5×
2020	16.2×	10.2×	24.7×
2019	22.9×	20.4×	23.8×
2018	20.4×	16.3×	21.7×
2017	18.8×	17.2×	20.7×
2016	17.3×	15.1×	19.6×
2015	18.4×	16.9×	24.0×
2014	22.2×	13.2×	22.2×
2013	13.2×	13.2×	27.0×
2012	22.9×	15.2×	23.3×
2011	15.3×	14.2×	18.1×

Against its peers

Companies in REIT - Specialty nearest National Health Investors' size, closest first, today.

Company	PE ratio
NHINational Health Investors	19.4×
BNLBroadstone Net Lease	22.8×
HIWHighwoods Properties	20.1×
IRTIndependence Realty Trust	83.1×
LXPLXP Industrial Trust	61.1×
CXWCoreCivic	24.0×
CDPCopt Defense Properties	23.6×
DRHDiamondRock Hospitality	19.1×
DXDynex Capital	4.2×
HHHHoward Hughes	14.2×
AKRAcadia Realty Trust	52.2×
Peer median	23.2×

Where National Health Investors ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on National Health Investors

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.