Ryman Hospitality Properties, Inc. (RHP) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Hotel & Motel
EV/EBITDA
↓
15.26
↓-26% vs avg
5yr avg: 20.62
30Y Low4.1·High69.4
P/FCF
↓
33.99
+10% vs avg
5yr avg: 30.98
30Y Low8.8·High56.7
P/B Ratio
↓
6.81
↓-10% vs avg
5yr avg: 7.58
30Y Low0.5·High11.6
ROE
↑
22.7%
↓+140% vs avg
5yr avg: 9.5%
30Y Low-119%·High67%
Debt/EBITDA
↓
5.60
↓-30% vs avg
5yr avg: 8.03
30Y Low1.3·High29.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RHP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ryman Hospitality Properties, Inc. trades at 33.2x earnings, 27% above its 5-year average of 26.1x, sitting at the 68th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 38%. On a free-cash-flow basis, the stock trades at 34.0x P/FCF, 10% above the 5-year average of 31.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.9B | $6.2B | $6.6B | $6.4B | $4.5B | $5.1B | $3.7B | $4.5B | $3.4B | $3.5B | $3.2B |
| Enterprise Value | $11.7B | $10.0B | $9.7B | $9.3B | $7.2B | $8.0B | $6.5B | $6.8B | $5.8B | $5.1B | $4.7B |
| P/E Ratio → | 33.20 | 25.10 | 23.82 | 20.53 | 35.10 | — | — | 35.09 | 12.97 | 20.12 | 20.26 |
| P/S Ratio | 3.06 | 2.42 | 2.84 | 2.96 | 2.51 | 5.39 | 7.10 | 2.81 | 2.69 | 2.99 | 2.81 |
| P/B Ratio | 6.81 | 5.15 | 7.10 | 6.96 | 11.11 | — | 11.61 | 5.20 | 4.54 | 1.79 | 1.72 |
| P/FCF | 33.99 | 26.85 | 39.38 | 18.24 | 13.71 | 56.72 | 379.17 | 8.81 | 10.67 | 11.99 | 11.01 |
| P/OCF | 13.37 | 10.57 | 11.52 | 11.47 | 10.78 | 45.50 | — | 12.70 | 10.67 | 11.99 | 11.01 |
P/E links to full P/E history page with 30-year chart
RHP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ryman Hospitality Properties, Inc.'s enterprise value stands at 15.3x EBITDA, 26% below its 5-year average of 20.6x. The Real Estate sector median is 17.0x, placing the stock at a 10% discount 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 | — | 3.89 | 4.14 | 4.31 | 3.98 | 8.49 | 12.47 | 4.24 | 4.53 | 4.29 | 4.07 |
| EV / EBITDA | 15.26 | 13.09 | 13.32 | 13.99 | 13.41 | 49.31 | — | 14.14 | 4.53 | 4.42 | 4.07 |
| EV / EBIT | 23.94 | 20.24 | 19.74 | 20.25 | 22.30 | — | — | 24.46 | 16.43 | 26.32 | 20.63 |
| EV / FCF | — | 43.18 | 57.39 | 26.56 | 21.74 | 89.32 | 665.76 | 13.31 | 17.93 | 17.17 | 15.93 |
RHP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ryman Hospitality Properties, Inc. earns an operating margin of 18.9%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 21.0% to 18.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 22.7% indicates solid capital efficiency. ROIC of 8.2% represents adequate returns on invested capital.
Margins
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 | 9.9% | 9.9% | 36.1% | 32.9% | 32.1% | 21.4% | -5.1% | 32.5% | 30.9% | 31.0% | 30.7% |
| Operating Margin | 18.9% | 18.9% | 21.0% | 21.0% | 18.1% | -6.2% | -57.9% | 16.7% | 16.8% | 15.6% | 18.6% |
| Net Profit Margin | 9.4% | 9.4% | 11.6% | 14.4% | 7.1% | -18.8% | -79.6% | 9.1% | 20.8% | 14.9% | 13.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.7% | 22.7% | 29.3% | 47.0% | 66.9% | -118.6% | -70.3% | 18.0% | 19.3% | 9.1% | 14.1% |
| ROA | 4.3% | 4.3% | 5.2% | 6.7% | 3.4% | -5.0% | -10.9% | 3.7% | 8.3% | 7.1% | 6.7% |
| ROIC | 8.2% | 8.2% | 9.4% | 9.9% | 8.2% | -1.5% | -7.2% | 6.4% | 4.9% | 4.0% | 6.3% |
| ROCE | 9.0% | 9.0% | 10.5% | 10.9% | 9.7% | -1.8% | -8.5% | 7.3% | 7.3% | 8.2% | 9.8% |
RHP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ryman Hospitality Properties, Inc. carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (29% below the sector average of 7.9x). Net debt stands at $3.8B ($4.3B total debt minus $500M cash). Interest coverage of just 2.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.54 | 3.54 | 3.76 | 3.82 | 7.33 | — | 8.95 | 3.08 | 3.23 | 0.80 | 0.80 |
| Debt / EBITDA | 5.60 | 5.60 | 4.84 | 5.27 | 5.58 | 18.87 | — | 5.54 | 1.92 | 1.39 | 1.31 |
| Net Debt / Equity | — | 3.13 | 3.25 | 3.17 | 6.51 | — | 8.77 | 2.66 | 3.09 | 0.77 | 0.77 |
| Net Debt / EBITDA | 4.95 | 4.95 | 4.18 | 4.38 | 4.95 | 18.00 | — | 4.79 | 1.83 | 1.34 | 1.26 |
| Debt / FCF | — | 16.33 | 18.01 | 8.32 | 8.03 | 32.60 | 286.59 | 4.50 | 7.26 | 5.18 | 4.92 |
| Interest Coverage | 2.06 | 2.06 | 2.17 | 2.17 | 2.17 | -0.51 | -2.75 | 2.12 | 4.69 | 2.92 | 3.55 |
RHP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ryman Hospitality Properties, Inc.'s current ratio of 73.13x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.77x to 73.13x 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 | 73.13 | 73.13 | 1.50 | 1.77 | 1.71 | 0.73 | 1.18 | 2.25 | 1.06 | 1.17 | 0.91 |
| Quick Ratio | 73.13 | 73.13 | 1.47 | 1.74 | 1.68 | 0.72 | 1.15 | 2.22 | 1.03 | 1.13 | 0.87 |
| Cash Ratio | 66.07 | 66.07 | 0.89 | 1.11 | 0.84 | 0.28 | 0.28 | 1.15 | 0.32 | 0.26 | 0.29 |
| Asset Turnover | — | 0.42 | 0.45 | 0.42 | 0.45 | 0.26 | 0.15 | 0.39 | 0.33 | 0.47 | 0.48 |
| Inventory Turnover | — | — | 92.67 | 103.46 | 101.84 | 88.26 | 77.01 | 104.93 | 89.64 | 101.50 | 98.75 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RHP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ryman Hospitality Properties, Inc. returns 3.5% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 117.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 3.5% | 4.6% | 4.0% | 2.8% | 0.1% | 0.0% | 2.7% | 4.1% | 5.0% | 4.6% | 4.7% |
| Payout Ratio | 117.3% | 117.3% | 98.0% | 56.6% | 4.5% | — | — | 125.8% | 65.1% | 91.8% | 94.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 4.0% | 4.2% | 4.9% | 2.8% | — | — | 2.9% | 7.7% | 5.0% | 4.9% |
| FCF Yield | 2.9% | 3.7% | 2.5% | 5.5% | 7.3% | 1.8% | 0.3% | 11.4% | 9.4% | 8.3% | 9.1% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | 0.8% |
| Total Shareholder Yield | 3.5% | 4.6% | 4.2% | 2.8% | 0.1% | 0.1% | 2.8% | 4.1% | 5.1% | 4.7% | 5.4% |
| Shares Outstanding | — | $66M | $64M | $58M | $55M | $55M | $55M | $52M | $52M | $51M | $51M |
Peer Comparison
Compare RHP 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 |
|---|---|---|---|---|---|---|---|---|---|
 RHPYou | $8B | 33.2 | 15.3 | 34.0 | 9.9% | 18.9% | 22.7% | 8.2% | 5.6 |
 PK | $3B | -10.4 | 12.4 | 29.0 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
 HST | $17B | 22.7 | 13.6 | 20.0 | 2.6% | 13.6% | 11.3% | 5.3% | 3.5 |
 SHO | $2B | 281.6 | 14.5 | 28.2 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 PEB | $2B | -21.2 | 14.6 | 14.2 | -6.7% | 5.1% | -2.5% | 1.1% | 8.1 |
 RLJ | $2B | 772.3 | 11.7 | 14.8 | -0.9% | 9.3% | 1.3% | 2.3% | 7.4 |
 DRH | $3B | 28.0 | 13.2 | 15.5 | 55.2% | 14.4% | 6.6% | 4.6% | 4.3 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 MAR | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 IHG | $26B | 35.1 | 21.7 | 29.6 | 32.0% | 23.1% | — | 159.6% | 3.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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RHP — Frequently Asked Questions
Quick answers to the most common questions about buying RHP stock.
What is Ryman Hospitality Properties, Inc.'s P/E ratio?
Ryman Hospitality Properties, Inc.'s current P/E ratio is 33.2x. The historical average is 31.5x. This places it at the 68th percentile of its historical range.
What is Ryman Hospitality Properties, Inc.'s EV/EBITDA?
Ryman Hospitality Properties, Inc.'s current EV/EBITDA is 15.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.1x.
What is Ryman Hospitality Properties, Inc.'s ROE?
Ryman Hospitality Properties, Inc.'s return on equity (ROE) is 22.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.0%.
Is RHP stock overvalued?
Based on historical data, Ryman Hospitality Properties, Inc. is trading at a P/E of 33.2x. This is at the 68th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ryman Hospitality Properties, Inc.'s dividend yield?
Ryman Hospitality Properties, Inc.'s current dividend yield is 3.46% with a payout ratio of 117.3%.
What are Ryman Hospitality Properties, Inc.'s profit margins?
Ryman Hospitality Properties, Inc. has 9.9% gross margin and 18.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Ryman Hospitality Properties, Inc. have?
Ryman Hospitality Properties, Inc.'s Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.