Ryman Hospitality Properties, I (RHP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ryman Hospitality Properties, I

NYSE•Real Estate•REIT - Hotel & Motel

$120.61+0.68(0.01%)After hours

Market Cap

$7.61B

P/E

28.0x

P/S

2.8x

P/B

10.2x

Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the Grande Lakes Orlando Resort, the JW Marriott Phoenix Desert Ridge Resort & Spa and the JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to the Company's Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 13,956 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry, Ryman Auditorium, WSM 650 AM, Ole Red, Category 10, Nashville-area attractions, and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results. Ryman Hospitality Properties, Inc. was established in 1991 and was incorporated in Delaware.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (5/25).

Profitability20/25

Growth16/25

Balance Sheet & Red Flags5/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowStrong marginsHigh ROEConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.0x5y range 16.7x – 365.1x

Currently near its 17-quarter median.

P/S · 2.8x5y range 2.2x – 6.9x

Currently near its 20-quarter median.

P/B · 10.2x5y range 7.6x – 676.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Red Flag

D/E ratio is 5.3 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Share Dilution

Red Flag

Shares outstanding increased 5.4% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $7.61B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.74B
Q. Revenue: $748.98M
TTM EBITDA: $844.01M
TTM Op. Income: $543.81M
Q. Op. Income: $174.54M
TTM Net Income: $271.88M
Q. Net Income: $92.75M
EPS: $1.47
Shares Out.: $63.11M

$2.74B in TTM revenue grew 12.2% YoY, reaching $748.98M last quarter. TTM EBITDA of $844.01M and TTM operating income of $543.81M show growth is flowing through to the bottom line. TTM net income of $271.88M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 48.7%
EBITDA Margin: 33.6%
Op. Margin: 23.3%
Net Margin: 12.4%

Op. margin of 23.3% is up 2.2% YoY — cost efficiency is improving. Net margin at 12.4% and gross margin of 48.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.0x
P/S Ratio: 2.8x
P/B Ratio: 10.2x

At 28.0x P/E, the stock trades within typical market levels. P/S of 2.8x and P/B of 10.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 24% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.19B
Cash: $366.13M
Long-Term Debt: $3.97B
Book Value: $748.32M
D/E Ratio: 5.3
Debt/EBITDA: 15.8

With $6.19B in assets and $3.97B in long-term debt, D/E is 5.3and book value is $748.32M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 7% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $152.70M
TTM Free Cash Flow: $274.66M
FCF Margin: 10.0%
FCF / Net Income: 1.0

TTM FCF of $274.66M on $152.70M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 37% — a weakening trend.