Rayonier Valuation

Is RYN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RYN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RYN ($31.24) is trading below our estimate of fair value ($43.89)

Significantly Below Fair Value: RYN is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for RYN?

Key metric: As RYN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RYN. This is calculated by dividing RYN's market cap by their current earnings.
What is RYN's PE Ratio?
PE Ratio29.3x
EarningsUS$158.95m
Market CapUS$4.74b

Price to Earnings Ratio vs Peers

How does RYN's PE Ratio compare to its peers?

The above table shows the PE ratio for RYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.5x
WY Weyerhaeuser
42.1x21.4%US$22.7b
NSA National Storage Affiliates Trust
22.8x-38.7%US$5.6b
EPR EPR Properties
19.4x6.5%US$3.4b
OUT OUTFRONT Media
13.6x-21.5%US$3.2b
RYN Rayonier
29.3x-5.5%US$4.7b

Price-To-Earnings vs Peers: RYN is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the peer average (24.5x).


Price to Earnings Ratio vs Industry

How does RYN's PE Ratio compare vs other companies in the US Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
RYN 29.3xIndustry Avg. 29.0xNo. of Companies3PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RYN is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the US Specialized REITs industry average (29x).


Price to Earnings Ratio vs Fair Ratio

What is RYN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RYN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.3x
Fair PE Ratio31.2x

Price-To-Earnings vs Fair Ratio: RYN is good value based on its Price-To-Earnings Ratio (29.3x) compared to the estimated Fair Price-To-Earnings Ratio (31.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RYN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.24
US$33.83
+8.3%
6.5%US$38.00US$32.00n/a6
Nov ’25US$31.13
US$33.83
+8.7%
6.5%US$38.00US$32.00n/a6
Oct ’25US$31.84
US$33.50
+5.2%
6.8%US$38.00US$31.00n/a6
Sep ’25US$30.81
US$33.50
+8.7%
6.8%US$38.00US$31.00n/a6
Aug ’25US$30.74
US$34.00
+10.6%
7.6%US$39.00US$31.00n/a6
Jul ’25US$28.19
US$34.50
+22.4%
6.4%US$39.00US$32.00n/a6
Jun ’25US$30.02
US$34.50
+14.9%
6.4%US$39.00US$32.00n/a6
May ’25US$29.79
US$34.50
+15.8%
6.4%US$39.00US$32.00n/a6
Apr ’25US$32.47
US$34.50
+6.3%
7.1%US$39.00US$31.00n/a6
Mar ’25US$34.50
US$34.17
-1.0%
5.5%US$37.00US$31.00n/a6
Feb ’25US$32.37
US$34.17
+5.6%
5.2%US$37.00US$31.00n/a6
Jan ’25US$33.41
US$33.50
+0.3%
4.1%US$35.00US$31.00n/a6
Dec ’24US$31.44
US$33.17
+5.5%
4.4%US$35.00US$31.00US$31.876
Nov ’24US$25.16
US$33.40
+32.8%
5.6%US$36.00US$31.00US$31.135
Oct ’24US$28.46
US$34.60
+21.6%
2.9%US$36.00US$33.00US$31.845
Sep ’24US$30.11
US$34.60
+14.9%
2.9%US$36.00US$33.00US$30.815
Aug ’24US$32.94
US$33.60
+2.0%
3.0%US$35.00US$32.00US$30.745
Jul ’24US$31.40
US$33.60
+7.0%
3.0%US$35.00US$32.00US$28.195
Jun ’24US$29.73
US$33.60
+13.0%
3.0%US$35.00US$32.00US$30.025
May ’24US$31.31
US$36.25
+15.8%
3.0%US$38.00US$35.00US$29.794
Apr ’24US$33.26
US$37.00
+11.2%
4.3%US$39.00US$35.00US$32.474
Mar ’24US$33.89
US$37.25
+9.9%
3.5%US$39.00US$36.00US$34.504
Feb ’24US$36.90
US$36.75
-0.4%
4.0%US$39.00US$35.00US$32.374
Jan ’24US$32.96
US$36.75
+11.5%
4.0%US$39.00US$35.00US$33.414
Dec ’23US$35.84
US$36.75
+2.5%
4.0%US$39.00US$35.00US$31.444

Analyst Forecast: Target price is less than 20% higher than the current share price.


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