RHP
Ryman Hospitality Properties, Inc.
RHP's fundamentals are mixed, but it looks expensive: trading at 33x earnings, above its usual 24x. Analysts expect strong earnings growth.
RHP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
RHP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like RHP.
RHP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 20x | $80.94 | -41% |
| Fair | 23x | $97.10 | -29% |
| Forward | 27x | $137 | — |
| Expensive | 33x | $137 | +0.5% |
| Current | 33x | $137 | — |
Historical ranges are pointers, not guarantees.
RHP's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 27x next year's earnings.
RHP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RHP, with profitability improving.
RHP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.01 | +21% |
| Q3 2026 | $4.15 | +10% |
| Q2 2026 | $4.10 | -1.9% |
| Q1 2026 | $3.80 | -19% |
| Q4 2025 | $3.77 | -14% |
| Q3 2025 | $3.77 | -35% |
| Q2 2025 | $4.18 | -24% |
| Q1 2025 | $4.71 | -6% |
| Q4 2024 | $4.38 | -18% |
RHP's earnings per share have fallen from their peak: $4.15 over the past year, against $5.81 in late 2024.
RHP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $655.8M | +11% |
| Q2 2026 | $749M | +14% |
| Q1 2026 | $664.6M | +13% |
| Q4 2025 | $737.8M | +14% |
| Q3 2025 | $592.5M | +7.7% |
| Q2 2025 | $659.5M | +7.5% |
| Q1 2025 | $587.3M | +11% |
| Q4 2024 | $647.6M | +2.3% |
RHP's revenue has grown year over year for 22 quarters in a row: $656M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.6 points |
| Q2 2026 | 23% | +2.2 points |
| Q1 2026 | 21% | +1 points |
| Q4 2025 | 19% | +0.8 points |
| Q3 2025 | 15% | -4.3 points |
| Q2 2025 | 21% | -6.3 points |
| Q1 2025 | 20% | +1.5 points |
| Q4 2024 | 19% | -1 points |
RHP's operating margin was 14% last quarter, down 0.6 points from the same quarter a year ago.
RHP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $72M | -47% |
| Q2 2026 | $25.2M | -52% |
| Q1 2026 | $55.6M | +$70.1M |
| Q4 2025 | $58.5M | -23% |
| Q3 2025 | $135.4M | +58% |
| Q2 2025 | $53M | -33% |
| Q1 2025 | -$14.5M | +$57.4M |
| Q4 2024 | $76M | -26% |
RHP's free cash flow was $211M over the past year, down 15% from the year before. Free cash flow isn't a meaningful measure for real estate companies like RHP.
RHP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.8% | +1.9M shares |
| 1 year | +4% | +2.7M shares |
| 3 years | +10% | +6.4M shares |
| 5 years | +27% | +15M shares |
| Available history | +35% | +18M shares |
RHP has 70M diluted shares, up 4% from a year ago.
RHP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
RHP has more cash than debt. Net leverage isn't a meaningful measure for real estate companies like RHP.
RHP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.7 | Neutral |
| Stochastic | 82.3 | Overbought |
RHP's weekly RSI is 67 (neutral) and its Stochastic is 82 (overbought).
RHP PE vs Real Estate Sector
| Metric | RHP | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 38% above |
| PE % | 82 | 23 | 59 pts above |
RHP is trading at 33x earnings, a 38% premium to the Real Estate sector's median of 24x.
RHP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $127.7 | 6.9% above |
| 20 week MA | $127.0 | 7.5% above |
| 50 week MA | $112.3 | 22% above |
| 100 week MA | $104.4 | 31% above |
| 200 week MA | $102.3 | 34% above |
RHP is in an uptrend: it's above all five of its weekly moving averages, and 34% above its 200-week average.
RHP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $87.4 | $65.4 | -25% |
| 2021 | $65.4 | $89.2 | +36% |
| 2022 | $89.2 | $82.7 | -7.3% |
| 2023 | $82.7 | $110.1 | +33% |
| 2024 | $110.1 | $106.1 | -3.6% |
| 2025 | $106.1 | $97.5 | -8.1% |
| 2026 YTD | $97.5 | $136.6 | +40% |
RHP is up 40% so far in 2026, after finishing lower in four of the previous six years.