GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Health Investors Inc (NYSE:NHI) » Definitions » Cyclically Adjusted PS Ratio

NHI (National Health Investors) Cyclically Adjusted PS Ratio : 8.74 (As of May. 23, 2025)


View and export this data going back to 1991. Start your Free Trial

What is National Health Investors Cyclically Adjusted PS Ratio?

As of today (2025-05-23), National Health Investors's current share price is $72.14. National Health Investors's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $8.25. National Health Investors's Cyclically Adjusted PS Ratio for today is 8.74.

The historical rank and industry rank for National Health Investors's Cyclically Adjusted PS Ratio or its related term are showing as below:

NHI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.25   Med: 11.54   Max: 22.32
Current: 8.85

During the past years, National Health Investors's highest Cyclically Adjusted PS Ratio was 22.32. The lowest was 6.25. And the median was 11.54.

NHI's Cyclically Adjusted PS Ratio is ranked worse than
77.82% of 514 companies
in the REITs industry
Industry Median: 5.345 vs NHI: 8.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

National Health Investors's adjusted revenue per share data for the three months ended in Mar. 2025 was $1.946. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $8.25 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Health Investors Cyclically Adjusted PS Ratio Historical Data

The historical data trend for National Health Investors's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Health Investors Cyclically Adjusted PS Ratio Chart

National Health Investors Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.36 8.47 7.04 7.10 8.51

National Health Investors Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.83 8.38 10.35 8.51 8.96

Competitive Comparison of National Health Investors's Cyclically Adjusted PS Ratio

For the REIT - Healthcare Facilities subindustry, National Health Investors's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Health Investors's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Health Investors's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where National Health Investors's Cyclically Adjusted PS Ratio falls into.


;
;

National Health Investors Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

National Health Investors's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.14/8.25
=8.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Health Investors's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, National Health Investors's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.946/134.9266*134.9266
=1.946

Current CPI (Mar. 2025) = 134.9266.

National Health Investors Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 1.497 100.684 2.006
201509 1.549 100.392 2.082
201512 1.554 99.792 2.101
201603 1.536 100.470 2.063
201606 1.587 101.688 2.106
201609 1.595 101.861 2.113
201612 1.625 101.863 2.152
201703 1.655 102.862 2.171
201706 1.693 103.349 2.210
201709 1.721 104.136 2.230
201712 1.701 104.011 2.207
201803 1.750 105.290 2.243
201806 1.746 106.317 2.216
201809 1.765 106.507 2.236
201812 1.738 105.998 2.212
201903 1.765 107.251 2.220
201906 1.795 108.070 2.241
201909 1.862 108.329 2.319
201912 1.854 108.420 2.307
202003 1.862 108.902 2.307
202006 1.885 108.767 2.338
202009 1.888 109.815 2.320
202012 1.811 109.897 2.223
202103 1.783 111.754 2.153
202106 1.621 114.631 1.908
202109 1.610 115.734 1.877
202112 1.519 117.630 1.742
202203 1.556 121.301 1.731
202206 1.310 125.017 1.414
202209 1.718 125.227 1.851
202212 1.629 125.222 1.755
202303 1.899 127.348 2.012
202306 1.795 128.729 1.881
202309 1.846 129.860 1.918
202312 1.831 129.419 1.909
202403 1.877 131.776 1.922
202406 1.950 132.554 1.985
202409 1.886 133.029 1.913
202412 1.887 133.157 1.912
202503 1.946 134.927 1.946

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


National Health Investors  (NYSE:NHI) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


National Health Investors Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of National Health Investors's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


National Health Investors Business Description

Traded in Other Exchanges
Address
222 Robert Rose Drive, Murfreesboro, TN, USA, 37129
National Health Investors Inc is a housing and medical facility REIT. The company operates through two reportable segments, i.e., Real Estate Investments and Senior Housing Operating Portfolio (SHOP). The Real Estate Investments segment, which generates maximum revenue, consists of real estate investments and leases, mortgages, and other notes receivables in independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities, and a hospital. The SHOP segment is comprised of two ventures that own the operations of independent living facilities. The company's revenues are derived in the form of rental income, mortgage and other notes receivable interest income, and resident fees and services.
Executives
Mccabe Robert A Jr director 500 CHURCH ST, STE 200, NASHVILLE TN 37219
Charlotte A Swafford officer: Treasurer P.O. BOX 1398, MURFREESBORO TN 37133-1398
James R Jobe director 707 REGAL DRIVE, MURFREESBORO TN 37129
Robert G Adams director, officer: President P.O. BOX 1398, MURFREESBORO TN 37133-1398
Colden Tracy M J director C/O PLAYA HOTELS & RESORTS N.V.,, 3950 UNIVERSITY DRIVE, SUITE 301, FAIRFAX VA 22030
Robert T Webb director PO BOX 1102, MURFREESBORO TN 37133-1102
D. Eric Mendelsohn officer: EVP - Corporate Finance C/O EMERITUS CORPORATION, 3131 ELLIOTT AVENUE, SUITE 500, SEATTLE WA 98121
David L Travis officer: SVP/Chief Accounting Officer C/O MEDEQUITIES REALTY TRUST, 3100 WEST END AVENUE, SUITE 1000, NASHVILLE TN 37203
W Andrew Adams director, officer: President P.O. BOX 1398, MURFREESBORO TN 37133-1398
Kevin Carlton Pascoe officer: EVP - Investments 222 ROBERT ROSE DRIVE, MURFREESBORO TN 37129
Ronald V Reel officer: Chief Accounting Officer 222 ROBERT ROSE DRIVE, MURFREESBORO TN 37129
Kristin Sallee Gaines officer: Chief Credit Officer 2320 LONDONDERRY DRIVE, MURFREESBORO TN 37129
John L Spaid officer: Exec. VP of Finance 222 ROBERT ROSE DRIVE, MURFREESBORO TN 37129
Roger R Hopkins officer: Chief Accounting Officer 2930 PRINCETON LANE, MURFREESBORO TN 37129
James Justin Hutchens officer: President and COO C/O VENTAS, INC., 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654