National Health Investors (NHI) Price to Book (2009 - 2026)
National Health Investors' (NHI) quarterly Price to Book came in at 2.33 in Q2 2026, up 8.36% on a YoY basis from 2.15 in Q2 2025, and down 9.05% quarter-over-quarter from 2.57 in Q1 2026.
Analysis
National Health Investors (NHI) Price to Book (2009 - 2026) Analysis & Trends
National Health Investors (NHI) has reported Price to Book for 18 consecutive years, with 2.33 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book rose 8.36% year-over-year to 2.33; the trailing twelve-month figure through Jun 2026 stood at 2.33 (up 8.36% YoY), and the FY2025 full-year result was 2.41, up 4.76% from the prior year.
- Price to Book fell to 2.33 in Q2 2026 per NHI's latest filing, from 2.57 in the prior quarter.
- Across five years, Price to Book topped out at 2.95 in Q3 2024 and bottomed at 1.75 in Q1 2023.
- Historically, Price to Book has averaged 2.14 across 5 years, with a median of 2.16 in 2025.
- The sharpest annual moves came in 2024 and 2025: Price to Book jumped 67.95% in 2024, then fell 17.23% in 2025.
- Over 5 years, Price to Book stood at 1.77 in 2022, then increased by 8.33% to 1.92 in 2023, then increased by 20.05% to 2.3 in 2024, then climbed by 4.76% to 2.41 in 2025, then decreased by 3.25% to 2.33 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 2.33, 2.57, and 2.41 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 167.67 Bn | 165.71 Bn | 1.39 Bn |
| 2 | Ventas | 43.73 Bn | 43.53 Bn | 1.73 Bn |
| 3 | Omega Healthcare Investors | 14.11 Bn | 14.11 Bn | - |
| 4 | Healthpeak Properties | 14.09 Bn | 14.09 Bn | - |
| 5 | American Healthcare REIT | 10.39 Bn | 10.19 Bn | 149.41 Mn |
| 6 | CareTrust REIT | 9.12 Bn | 9.12 Bn | - |
| 7 | Healthcare Realty Trust | 6.48 Bn | 6.48 Bn | - |
| 8 | Sabra Health Care REIT | 5.25 Bn | 5.25 Bn | - |
| 9 | Diversified Healthcare Trust | 4.46 Bn | 4.34 Bn | 298.67 Mn |
| 10 | National Health Investors | 3.39 Bn | 3.39 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.33 |
| Mar 31, 2026 | 2.57 |
| Dec 31, 2025 | 2.41 |
| Sep 30, 2025 | 2.44 |
| Jun 30, 2025 | 2.15 |
| Mar 31, 2025 | 2.35 |
| Dec 31, 2024 | 2.30 |
| Sep 30, 2024 | 2.95 |
| Jun 30, 2024 | 2.34 |
| Mar 31, 2024 | 2.17 |
| Dec 31, 2023 | 1.92 |
| Sep 30, 2023 | 1.75 |
| Jun 30, 2023 | 1.78 |
| Mar 31, 2023 | 1.75 |
| Dec 31, 2022 | 1.77 |
| Sep 30, 2022 | 1.86 |
| Jun 30, 2022 | 1.93 |
| Mar 31, 2022 | 1.82 |
| Dec 31, 2021 | 1.74 |
| Sep 30, 2021 | 1.58 |