Ryman Hospitality Properties, Inc. (RHP) Key Metrics
RHP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.69B
- Enterprise value
- $12.15B
- P/E (TTM)
- 30.7 10-yr median 22.5
- Forward P/E
- 25.8
- PEG ratio
- 1.08
- Price / sales
- 3.2 10-yr median 2.8
- Price / book
- 11.2 10-yr median 9.4
- EV / EBITDA
- 14.3 10-yr median 13.9
- Dividend yield
- 3.81% $4.80 a year
- Beta
- 1.23
RHP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRHP valuation Price multiples at each fiscal year-end price.
RHP returns How much profit the business earns on the capital it uses.
RHP per-share figures Results divided by the shares outstanding at year-end.
RHP financial health Debt, liquidity and how easily interest is covered.
RHP efficiency & capital use Working capital cycle and where the cash goes.
RHP valuation history
RHP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RHP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RHP cash returned to shareholders
RHP price vs earnings per share
RHP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.24B | $6.64B | $6.39B | $4.53B | $5.06B | $3.72B | $4.50B | $3.44B | $3.55B | $3.23B |
| Enterprise value | $10.04B | $9.68B | $9.30B | $7.87B | $8.04B | $6.54B | $6.81B | $6.29B | $5.24B | $4.77B |
| P/E ratio | 25.6 | 24.4 | 20.5 | 35.1 | — | — | 30.9 | 13.0 | 20.1 | 20.3 |
| Price / sales | 2.4 | 2.8 | 3.0 | 2.5 | 5.4 | 7.1 | 2.8 | 2.7 | 3.0 | 2.8 |
| Price / book | 8.3 | 12.1 | 11.2 | 11.1 | — | 18.1 | 7.0 | 4.5 | 9.4 | 8.8 |
| Price / free cash flow | 26.9 | 39.4 | 18.2 | 13.7 | 45.5 | — | 12.7 | 10.7 | 12.0 | 11.0 |
| Price / operating cash flow | 10.6 | 11.5 | 11.5 | 10.8 | 45.5 | — | 12.7 | 10.7 | 12.0 | 11.0 |
| EV / sales | 3.9 | 4.1 | 4.3 | 4.4 | 8.6 | 12.5 | 4.2 | 4.9 | 4.4 | 4.1 |
| EV / EBITDA | 13.0 | 13.3 | 13.9 | 14.8 | 51.6 | — | 13.8 | 13.3 | 17.2 | 14.2 |
| EV / free cash flow | 43.2 | 57.4 | 26.6 | 23.8 | 72.3 | — | 19.2 | 19.5 | 17.7 | 16.2 |
| Earnings yield | 3.9% | 4.1% | 4.9% | 2.8% | −3.5% | −11.2% | 3.2% | 7.7% | 5.0% | 4.9% |
| Free cash flow yield | 3.7% | 2.5% | 5.5% | 7.3% | 2.2% | −4.3% | 7.9% | 9.4% | 8.3% | 9.1% |
| Dividend yield | 4.6% | 4.0% | 2.8% | 0.1% | 0.0% | 2.7% | 4.1% | 5.0% | 4.6% | 4.7% |
| Shareholder yield (dividends + buybacks) | 4.6% | 4.2% | 2.8% | 0.2% | 0.1% | 2.8% | 4.1% | 5.1% | 4.7% | 5.4% |
| Share price at fiscal year-end | $94.62 | $104.34 | $110.06 | $81.78 | $91.96 | $67.76 | $86.66 | $66.69 | $69.02 | $63.01 |
| Per share | ||||||||||
| Revenue per share | $39.07 | $36.77 | $37.17 | $32.61 | $17.06 | $9.54 | $30.87 | $24.76 | $23.06 | $22.40 |
| Earnings per share | $3.69 | $4.27 | $5.36 | $2.33 | −$3.21 | −$7.59 | $2.81 | $5.14 | $3.43 | $3.11 |
| Operating cash flow per share | $8.95 | $9.06 | $9.59 | $7.58 | $2.02 | −$2.94 | $6.82 | $6.25 | $5.76 | $5.72 |
| Free cash flow per share | $3.52 | $2.65 | $6.03 | $5.97 | $2.02 | −$2.94 | $6.82 | $6.25 | $5.76 | $5.72 |
| Cash per share | $7.58 | $7.51 | $10.19 | $6.03 | $2.56 | $1.03 | $6.97 | $2.01 | $1.12 | $1.15 |
| Book value per share | $11.37 | $8.63 | $9.80 | $7.36 | −$0.41 | $3.74 | $12.40 | $14.70 | $7.36 | $7.17 |
| Tangible book value per share | $7.03 | $6.80 | $7.66 | $5.45 | −$2.71 | −$2.34 | $4.43 | $5.12 | $8.34 | $7.12 |
| Dividends per share | $4.33 | $4.18 | $3.03 | $0.11 | $0.01 | $1.86 | $3.53 | $3.35 | $3.15 | $2.95 |
| Capex per share | $5.43 | $6.41 | $3.56 | $1.62 | $0.00 | $3.01 | $2.93 | $3.65 | $3.55 | $2.30 |
| Debt per share | $65.11 | $55.22 | $60.39 | $66.34 | $56.71 | $52.25 | $51.30 | $57.47 | $34.13 | $31.03 |
| Shares outstanding | 66.0M | 63.6M | 58.1M | 55.4M | 55.0M | 55.0M | 52.0M | 51.5M | 51.4M | 51.3M |
| Change in shares outstanding | +3.7% | +9.6% | +4.8% | +0.6% | +0.2% | +5.7% | +0.9% | +0.3% | +0.1% | −0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 37.5% | 48.6% | 63.7% | 66.9% | — | −98.2% | 20.8% | 46.6% | 47.2% | 42.6% |
| Return on invested capital (ROIC) | 11.7% | 13.2% | 12.5% | 7.6% | −1.6% | −8.0% | 7.1% | 7.2% | 9.3% | 11.2% |
| Return on assets (ROA) | 4.3% | 5.2% | 6.7% | 3.4% | −5.0% | −10.9% | 3.7% | 8.3% | 7.1% | 6.7% |
| Return on tangible assets | 4.1% | 5.3% | 6.1% | 3.3% | −5.1% | −13.0% | 4.0% | 7.9% | 6.8% | 6.6% |
| Free cash flow margin | 9.0% | 7.2% | 16.2% | 18.3% | 11.8% | −30.8% | 22.1% | 25.2% | 25.0% | 25.5% |
| Income quality (OCF / net income) | 2.43 | 2.12 | 1.79 | 3.26 | — | — | 2.43 | 1.22 | 1.68 | 1.84 |
| Financial health | ||||||||||
| Total debt | $4.29B | $3.51B | $3.51B | $3.67B | $3.12B | $2.87B | $2.67B | $2.96B | $1.75B | $1.59B |
| Cash & short-term investments | $500.2M | $477.7M | $591.8M | $334.2M | $140.7M | $56.7M | $362.4M | $103.4M | $57.6M | $59.1M |
| Net debt | $3.79B | $3.04B | $2.91B | $3.34B | $2.98B | $2.81B | $2.30B | $2.86B | $1.70B | $1.53B |
| Debt / equity | 5.72 | 6.40 | 6.16 | 9.01 | — | 13.99 | 4.14 | 3.91 | 4.64 | 4.33 |
| Debt / assets | 0.69 | 0.67 | 0.68 | 0.91 | 0.87 | 0.81 | 0.65 | 0.77 | 0.69 | 0.66 |
| Net debt / EBITDA | 4.90 | 4.18 | 4.35 | 6.29 | 19.13 | — | 4.68 | 6.05 | 5.56 | 4.56 |
| Current ratio | 73.13 | 1.50 | 1.77 | 1.57 | 1.01 | 1.18 | 2.25 | 1.06 | 1.17 | 0.91 |
| Quick ratio | 70.90 | 1.47 | 1.74 | 1.54 | 0.99 | 1.15 | 2.22 | 1.03 | 1.13 | 0.87 |
| Interest coverage | 2.0 | 2.2 | 2.1 | 2.2 | -0.5 | -2.6 | 2.0 | 2.9 | 2.8 | 3.3 |
| Working capital | $546.1M | $268.0M | $410.4M | $229.5M | $3.9M | $37.0M | $394.0M | $19.3M | $36.7M | −$18.2M |
| Invested capital | $4.54B | $3.58B | $3.48B | $3.75B | $2.96B | $3.02B | $2.95B | $3.61B | $2.07B | $1.90B |
| Tangible asset value | $925.1M | $818.2M | $793.6M | $301.8M | −$149.2M | −$13.2M | $452.0M | $263.5M | $428.3M | $365.2M |
| Net current asset value | −$4.42B | −$3.48B | −$3.33B | −$3.00B | −$3.29B | −$2.99B | −$2.51B | −$2.76B | −$1.89B | −$1.85B |
| Graham number | $30.73 | $28.79 | $34.38 | $19.64 | — | — | $27.98 | $41.22 | $23.83 | $22.39 |
| Graham net-net per share | −$65.46 | −$57.47 | −$60.58 | −$56.96 | −$60.83 | −$56.15 | −$52.02 | −$55.25 | −$39.74 | −$37.78 |
| Capital allocation | ||||||||||
| Dividends paid | $285.6M | $266.1M | $176.0M | $5.9M | $502,000 | $102.3M | $183.3M | $172.4M | $161.7M | $151.2M |
| Share buybacks (net) | $0 | $12.3M | $0 | $4.5M | $2.4M | $992,000 | $0 | $4.2M | $3.8M | $24.8M |
| Dividend payout ratio | 117.3% | 98.0% | 56.6% | 4.5% | — | — | 125.8% | 65.1% | 91.8% | 94.9% |
| Dividends + buybacks / free cash flow | 122.9% | 165.1% | 50.2% | 3.1% | 2.6% | — | 51.7% | 54.9% | 55.9% | 59.9% |
| Capex / revenue | 13.9% | 17.4% | 9.6% | 5.0% | 0.0% | 31.5% | 9.5% | 14.8% | 15.4% | 10.3% |
| Capex / operating cash flow | 60.7% | 70.8% | 37.1% | 21.3% | 0.0% | — | 43.0% | 58.5% | 61.7% | 40.2% |
| Capex / depreciation | 1.29 | 1.73 | 0.98 | 0.43 | 0.00 | 0.77 | 0.71 | 1.56 | 1.63 | 1.07 |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.7% | 0.8% | 1.3% | 1.7% | 0.5% | 0.6% | 0.6% | 0.5% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 1.8% | 4.8% | 5.0% | 5.4% | 8.0% | 9.9% | 5.6% | 5.6% | 6.1% | 5.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.8 | 30.6 | 33.0 | 33.4 | 51.5 | 111.5 | 44.5 | 35.4 | 16.2 | 16.3 |
| Days of inventory on hand | 2.6 | 3.7 | 3.3 | 3.0 | 3.8 | 5.8 | 3.4 | 3.7 | 3.6 | 3.7 |
| Days payables outstanding | 8.0 | 14.1 | 55.7 | 102.7 | 81.0 | 21.0 | 53.1 | 94.2 | 76.6 | 72.5 |
| Cash conversion cycle (days) | 21.4 | 20.2 | -19.4 | -66.2 | -25.7 | 96.3 | -5.2 | -55.1 | -56.7 | -52.5 |
| Receivables turnover | 13.64 | 11.91 | 11.05 | 10.93 | 7.09 | 3.27 | 8.20 | 10.30 | 22.49 | 22.35 |
| Payables turnover | 45.61 | 25.91 | 6.55 | 3.55 | 4.51 | 17.40 | 6.88 | 3.87 | 4.77 | 5.03 |
| Inventory turnover | 140.38 | 99.21 | 111.27 | 120.16 | 95.15 | 63.04 | 107.56 | 98.52 | 101.42 | 98.84 |
| Asset turnover | 0.45 | 0.45 | 0.47 | 0.47 | 0.26 | 0.14 | 0.40 | 0.40 | 0.48 | 0.49 |
| Average receivables | $188.9M | $196.4M | $195.3M | $165.2M | $132.5M | $160.2M | $195.7M | $123.8M | $52.7M | $51.4M |
| Average payables | $50.9M | $57.7M | $221.1M | $344.9M | $163.9M | $31.7M | $157.6M | $227.3M | $171.4M | $158.3M |
| Average inventory | $16.5M | $15.1M | $13.0M | $10.2M | $7.8M | $8.7M | $10.1M | $8.9M | $8.1M | $8.1M |
| Intangibles / total assets | 4.6% | 2.2% | 2.4% | 2.6% | 3.5% | 9.4% | 10.1% | 12.8% | −2.0% | 0.1% |
Computed from RHP's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RHP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Ryman Hospitality Properties traded at 25.6 times earnings, against a 10-year median of 22.5. Based on the latest twelve months, the trailing P/E is 30.7 and the forward P/E is 25.8. Ryman Hospitality Properties earned a return on equity of 37.5% and a return on invested capital of 11.7% in fiscal 2025. It ended the year with $4.3 billion of debt and $500.2 million in cash and short-term investments, net debt of $3.8 billion. It returned $285.6 million to shareholders: $285.6 million in dividends and $0 in share buybacks, 123% of free cash flow. The share count rose 28.5% from 51.3M to 66.0M over 9 years.
See the RHP income statement, the RHP chart for price history, or the RHP stock overview for the latest quote and news.
RHP key metrics FAQ
What is Ryman Hospitality Properties's P/E ratio?
Ryman Hospitality Properties's trailing P/E ratio is 30.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 25.8. At the end of fiscal 2025 it was 25.6, compared with a 10-year median of 22.5.
What is Ryman Hospitality Properties's EV/EBITDA?
Ryman Hospitality Properties's enterprise value was 13.0 times EBITDA at the end of fiscal 2025 (enterprise value $10.0 billion, EBITDA $774.0 million); the current EV/EBITDA is 14.3.
What is Ryman Hospitality Properties's return on equity?
Ryman Hospitality Properties's return on equity (ROE) was 37.5% in fiscal 2025: net income of $243.4 million on average shareholders' equity of $649.6 million.
What is Ryman Hospitality Properties's ROIC?
Ryman Hospitality Properties's return on invested capital was 11.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ryman Hospitality Properties have?
Ryman Hospitality Properties had total debt of $4.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.72 and $3.8 billion of net debt (4.90 times EBITDA).
What is Ryman Hospitality Properties's dividend yield?
Ryman Hospitality Properties's forward dividend yield is 3.81%. Ryman Hospitality Properties paid $285.6 million in dividends in fiscal 2025 ($4.33 per share), a payout ratio of 117.3%.
What is Ryman Hospitality Properties's free cash flow yield?
Ryman Hospitality Properties generated $232.4 million of free cash flow in fiscal 2025, a free cash flow yield of 3.7% on its market value at year-end ($6.2 billion).
What is Ryman Hospitality Properties's current ratio?
Ryman Hospitality Properties's current ratio was 73.13 at the end of fiscal 2025: current assets were 73.13 times current liabilities.