Inhibitory circuits of relaxation oscillators are often-used models for the dynamics of biological networks. We present a qualitative and quantitative stability analysis of such a circuit constituted by three reciprocally coupled oscillators of a Fitzhugh-Nagumo type as nodes. Depending on inhibitory strengths, and parameters of individual oscillators, the circuit exhibits polyrhythmicity of up to five simultaneously stable rhythms. With methods of bifurcation analysis and phase reduction, we in...