30 years of historical data (1996–2025) · Healthcare · Medical - Healthcare Information Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
National Research Corporation trades at 37.6x earnings, 32% above its 5-year average of 28.5x, sitting at the 62nd percentile of its historical range. Compared to the Healthcare sector median P/E of 22.7x, the stock trades at a premium of 65%. On a free-cash-flow basis, the stock trades at 28.0x P/FCF, 9% below the 5-year average of 30.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $440M | $420M | $419M | $976M | $934M | $1.1B | $1.1B | $1.7B | $1.1B | $941M | $467M |
| Enterprise Value | $515M | $495M | $479M | $1.0B | $933M | $1.0B | $1.1B | $1.7B | $1.1B | $907M | $437M |
| P/E Ratio → | 37.56 | 36.10 | 16.96 | 31.65 | 29.37 | 28.44 | 29.48 | 52.33 | 35.64 | 71.73 | 39.58 |
| P/S Ratio | 3.20 | 3.06 | 2.93 | 6.57 | 6.17 | 7.20 | 8.24 | 13.22 | 8.95 | 8.01 | 4.27 |
| P/B Ratio | 31.26 | 30.05 | 13.39 | 19.94 | 12.97 | 12.47 | 17.08 | 51.43 | 56.11 | 10.45 | 5.64 |
| P/FCF | 27.96 | 26.70 | 21.84 | 43.70 | 35.36 | 26.07 | 29.97 | 46.65 | 31.61 | 40.44 | 20.43 |
| P/OCF | 16.64 | 15.89 | 12.10 | 25.61 | 25.77 | 22.97 | 27.03 | 41.34 | 26.87 | 33.50 | 17.41 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
National Research Corporation's enterprise value stands at 17.0x EBITDA, roughly in line with its 5-year average of 17.3x. The Healthcare sector median is 14.1x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.60 | 3.35 | 6.79 | 6.15 | 7.02 | 8.23 | 13.40 | 8.87 | 7.72 | 4.00 |
| EV / EBITDA | 17.05 | 16.39 | 11.62 | 21.95 | 18.00 | 18.34 | 21.86 | 35.30 | 26.06 | 23.38 | 12.34 |
| EV / EBIT | 22.80 | 21.91 | 13.58 | 25.16 | 21.19 | 20.66 | 25.35 | 39.84 | 30.09 | 26.52 | 14.01 |
| EV / FCF | — | 31.46 | 24.98 | 45.15 | 35.29 | 25.44 | 29.93 | 47.29 | 31.33 | 38.99 | 19.11 |
Margins and return-on-capital ratios measuring operating efficiency
National Research Corporation earns an operating margin of 16.4%. Operating margins have compressed from 27.0% to 16.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 51.2% is exceptionally high. ROIC of 18.8% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.3% | 56.3% | 60.2% | 62.3% | 62.4% | 64.6% | 63.1% | 63.7% | 60.2% | 58.3% | 58.3% |
| Operating Margin | 16.4% | 16.4% | 24.6% | 27.0% | 30.7% | 34.0% | 32.0% | 33.6% | 29.5% | 29.1% | 28.5% |
| Net Profit Margin | 8.4% | 8.4% | 17.3% | 20.8% | 21.0% | 25.3% | 28.0% | 25.3% | 25.1% | 19.5% | 18.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 51.2% | 51.2% | 61.8% | 51.2% | 40.4% | 50.1% | 76.7% | 124.7% | 55.1% | 26.5% | 26.1% |
| ROA | 8.7% | 8.7% | 19.4% | 24.5% | 22.1% | 25.8% | 30.5% | 29.7% | 25.6% | 18.5% | 16.4% |
| ROIC | 18.8% | 18.8% | 30.6% | 39.6% | 53.7% | 61.5% | 53.9% | 98.2% | 80.0% | 47.2% | 53.8% |
| ROCE | 23.2% | 23.2% | 38.5% | 43.7% | 43.5% | 45.9% | 49.0% | 64.5% | 45.2% | 37.2% | 35.9% |
Solvency and debt-coverage ratios — lower is generally safer
National Research Corporation carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (18% below the sector average of 3.2x). Net debt stands at $75M ($79M total debt minus $4M cash). Interest coverage of 4.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.65 | 5.65 | 2.06 | 0.80 | 0.32 | 0.34 | 0.52 | 1.11 | 0.19 | 0.01 | 0.03 |
| Debt / EBITDA | 2.62 | 2.62 | 1.56 | 0.85 | 0.45 | 0.51 | 0.66 | 0.75 | 0.09 | 0.03 | 0.08 |
| Net Debt / Equity | — | 5.35 | 1.92 | 0.66 | -0.02 | -0.30 | -0.02 | 0.70 | -0.49 | -0.37 | -0.37 |
| Net Debt / EBITDA | 2.48 | 2.48 | 1.46 | 0.70 | -0.03 | -0.45 | -0.03 | 0.48 | -0.23 | -0.87 | -0.86 |
| Debt / FCF | — | 4.76 | 3.14 | 1.45 | -0.06 | -0.63 | -0.04 | 0.64 | -0.28 | -1.45 | -1.33 |
| Interest Coverage | 4.75 | 4.75 | 13.60 | 46.50 | 36.41 | 30.17 | 23.87 | 20.58 | 23.31 | 417.30 | 164.19 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.55x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.67x to 0.55x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.55 | 0.67 | 1.31 | 1.82 | 1.71 | 0.76 | 0.60 | 1.62 | 1.49 |
| Quick Ratio | 0.55 | 0.55 | 0.55 | 0.67 | 1.31 | 1.82 | 1.71 | 0.76 | 0.60 | 1.62 | 1.49 |
| Cash Ratio | 0.11 | 0.11 | 0.12 | 0.18 | 0.75 | 1.35 | 1.09 | 0.35 | 0.28 | 1.07 | 1.05 |
| Asset Turnover | — | 1.02 | 1.08 | 1.21 | 1.16 | 0.94 | 1.00 | 1.16 | 1.11 | 0.92 | 0.91 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 29.51 | 28.56 | 31.01 | 36.84 | 35.97 | 42.36 | 33.68 | 36.52 | 47.13 | 41.46 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
National Research Corporation returns 7.1% to shareholders annually — split between a 2.5% dividend yield and 4.6% buyback yield. The payout ratio of 94.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | 2.6% | 2.7% | 3.7% | 2.2% | 0.9% | 1.0% | 1.9% | 1.6% | 1.8% | 6.1% |
| Payout Ratio | 94.6% | 94.6% | 46.2% | 117.4% | 65.9% | 24.4% | 28.2% | 96.6% | 56.1% | 73.5% | 139.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.8% | 5.9% | 3.2% | 3.4% | 3.5% | 3.4% | 1.9% | 2.8% | 1.4% | 2.5% |
| FCF Yield | 3.6% | 3.7% | 4.6% | 2.3% | 2.8% | 3.8% | 3.3% | 2.1% | 3.2% | 2.5% | 4.9% |
| Buyback Yield | 4.6% | 4.8% | 7.4% | 2.0% | 3.0% | 0.4% | 0.0% | 0.0% | 6.8% | 0.2% | 0.0% |
| Total Shareholder Yield | 7.1% | 7.4% | 10.1% | 5.7% | 5.2% | 1.2% | 1.0% | 1.9% | 8.3% | 2.0% | 6.2% |
| Shares Outstanding | — | $22M | $24M | $25M | $25M | $26M | $26M | $26M | $28M | $25M | $25M |
Compare NRC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $440M | 37.6 | 17.0 | 28.0 | 56.3% | 16.4% | 51.2% | 18.8% | 2.6 | |
| $37B | -2.6 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — | |
| $135M | -1.1 | 8.6 | 7.5 | 53.3% | 0.5% | -67.0% | 0.8% | 4.3 | |
| $14B | 1939.8 | 76.8 | 332.9 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 | |
| $7B | 20.5 | 11.0 | 15.6 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 | |
| $719M | 155.1 | 20.5 | 8.7 | 10.1% | 0.6% | 2.0% | 2.8% | 0.3 | |
| $102M | -0.5 | 15.4 | — | 33.5% | -11.6% | -58.3% | -6.1% | 11.9 | |
| $2B | 128.5 | 21.3 | 7.3 | 73.4% | 0.1% | 1.2% | 0.0% | 2.4 | |
| $7B | 35.8 | 25.0 | 16.2 | 69.5% | 24.6% | 10.2% | 8.5% | 3.1 | |
| $1B | -6.7 | 16.3 | 4.8 | 69.5% | -10.4% | -13.9% | -11.5% | 10.4 | |
| $905M | -582.0 | 9.4 | 9.6 | 61.5% | 5.0% | -0.2% | 1.5% | 0.1 | |
| Healthcare Median | — | 22.7 | 14.1 | 18.6 | 64.0% | -4.3% | -32.3% | -11.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Total return calculator · dividends reinvested
Calculate ReturnsDollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationSide-by-side revenue, margins, P/E and 10-year returns vs EchoStar Corporation.
Compare NowQuick answers to the most common questions about buying NRC stock.
National Research Corporation's current P/E ratio is 37.6x. The historical average is 38.0x. This places it at the 62th percentile of its historical range.
National Research Corporation's current EV/EBITDA is 17.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.6x.
National Research Corporation's return on equity (ROE) is 51.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 33.5%.
Based on historical data, National Research Corporation is trading at a P/E of 37.6x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
National Research Corporation's current dividend yield is 2.51% with a payout ratio of 94.6%.
National Research Corporation has 56.3% gross margin and 16.4% operating margin. Operating margin between 10-20% is typical for established companies.
National Research Corporation's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.