Ryman Hospitality Properties (FRA:4RH) Cyclically Adjusted PB Ratio: 16.40 (As of Jul. 22, 2026) — 144% Above Median

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FRA:4RH Ryman Hospitality Properties Inc FRA:4RH
81 GF Score
Price €111.00
GF Value €92.31
! 11 Warning Signs
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What is Ryman Hospitality Properties Cyclically Adjusted PB Ratio?

Ryman Hospitality Properties FRA:4RH +1.83% 81 Cyclically Adjusted PB Ratio is 16.40 as of Jul. 22, 2026, which is 144% above its 10-year median of 6.73. GuruFocus rates FRA:4RH with a GF Score™ of 81/100 and a GF Value™ of €92.31. The stock has 11 warning signs investors should review. Among 557 REITs companies, Ryman Hospitality Properties ranks worse than 99.28% on this metric.

As of today (2026-07-22), Ryman Hospitality Properties's current share price is €111.00. Ryman Hospitality Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.77. Ryman Hospitality Properties's Cyclically Adjusted PB Ratio for today is 16.40.

The historical rank and industry rank for Ryman Hospitality Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:4RH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.51   Med: 6.73   Max: 16.81
Current: 16.53

During the past years, Ryman Hospitality Properties's highest Cyclically Adjusted PB Ratio was 16.81. The lowest was 1.51. And the median was 6.73.

FRA:4RH's Cyclically Adjusted PB Ratio is ranked worse than
99.28% of 557 companies
in the REITs industry
Industry Median: 0.83 vs FRA:4RH: 16.53

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ryman Hospitality Properties's adjusted book value per share data for the three months ended in Mar. 2026 was €10.045. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €6.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryman Hospitality Properties  (FRA:4RH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ryman Hospitality Properties Cyclically Adjusted PB Ratio Related Terms


Ryman Hospitality Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ryman Hospitality Properties's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ryman Hospitality Properties Cyclically Adjusted PB Ratio Chart

Ryman Hospitality Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.67 9.31 14.23 14.22 12.35

Ryman Hospitality Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.35 13.10 11.73 12.35 11.74

FRA:4RH vs APLE, PK, DRH: Cyclically Adjusted PB Ratio Comparison

For the REIT - Hotel & Motel subindustry, Ryman Hospitality Properties's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ryman Hospitality Properties Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Ryman Hospitality Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ryman Hospitality Properties's Cyclically Adjusted PB Ratio falls into.


FRA:4RH
81GF Score
Ryman Hospitality Properties Inc FRA:4RH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ryman Hospitality Properties Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ryman Hospitality Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.00/6.77
=16.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ryman Hospitality Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ryman Hospitality Properties's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.045/330.2130*330.2130
=10.045

Current CPI (Mar. 2026) = 330.2130.

Ryman Hospitality Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.294 241.018 8.623
201609 6.182 241.428 8.455
201612 6.911 241.432 9.452
201703 6.611 243.801 8.954
201706 6.420 244.955 8.655
201709 5.759 246.819 7.705
201712 6.241 246.524 8.360
201803 5.692 249.554 7.532
201806 6.233 251.989 8.168
201809 5.968 252.439 7.807
201812 8.040 251.233 10.568
201903 7.579 254.202 9.845
201906 7.484 256.143 9.648
201909 5.497 256.759 7.070
201912 10.570 256.974 13.583
202003 9.220 258.115 11.795
202006 6.359 257.797 8.145
202009 4.199 260.280 5.327
202012 3.069 260.474 3.891
202103 1.598 264.877 1.992
202106 -0.573 271.696 -0.696
202109 -0.606 274.310 -0.729
202112 -0.357 278.802 -0.423
202203 -0.607 287.504 -0.697
202206 0.106 296.311 0.118
202209 0.944 296.808 1.050
202212 1.630 296.797 1.814
202303 1.682 301.836 1.840
202306 7.699 305.109 8.332
202309 7.391 307.789 7.929
202312 8.741 306.746 9.410
202403 8.141 312.332 8.607
202406 8.726 314.175 9.171
202409 8.301 315.301 8.694
202412 8.752 315.605 9.157
202503 8.194 319.799 8.461
202506 11.016 322.561 11.277
202509 10.258 324.800 10.429
202512 10.168 324.054 10.361
202603 10.045 330.213 10.045

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 16.40 mean?
Ryman Hospitality Properties (FRA:4RH) has a Cyclically Adjusted PB Ratio of 16.40 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ryman Hospitality Properties and its competitors. This is 144% above median its historical median of 6.73. Over the past decade, Ryman Hospitality Properties' Cyclically Adjusted PB Ratio has ranged from 1.51 to 16.81. According to the industry distribution chart, Ryman Hospitality Properties ranks #553 out of 557 companies in the REITs industry, placing it in the top 99.3%.
Is Ryman Hospitality Properties' Cyclically Adjusted PB Ratio too high?
Ryman Hospitality Properties' current Cyclically Adjusted PB Ratio of 16.40 is 144% above median its 10-year median of 6.73. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 16.81. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Ryman Hospitality Properties' value of 16.40 is 1875.9% above this industry median. Based on the distribution chart, Ryman Hospitality Properties ranks #553 out of 557 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ryman Hospitality Properties has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Ryman Hospitality Properties' Cyclically Adjusted PB Ratio compare to APLE and PK?
According to the REITs industry distribution chart, Ryman Hospitality Properties ranks #553 out of 557 companies for Cyclically Adjusted PB Ratio. This places Ryman Hospitality Properties in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Ryman Hospitality Properties' value of 16.40 is 1875.9% above this benchmark. Historically, Ryman Hospitality Properties' own Cyclically Adjusted PB Ratio has ranged from 1.51 to 16.81 over the past decade. While the company's 10-year median is 6.73 vs. the industry median of 0.83, Ryman Hospitality Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.83, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ryman Hospitality Properties's current Cyclically Adjusted PB Ratio of 16.40 is 1875.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ryman Hospitality Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryman Hospitality Properties's current Cyclically Adjusted PB Ratio is 16.40, which is 144% above median its own 10-year median of 6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryman Hospitality Properties stock overvalued right now?
Ryman Hospitality Properties (FRA:4RH) has a current Cyclically Adjusted PB Ratio of 16.40. The stock's GF Value™ is €92.31, compared to a current price of €111.00 — trading 20.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.40, which is 144% above median its 10-year median of 6.73 and 1875.9% above the REITs industry median of 0.83. Ryman Hospitality Properties' overall GF Score™ is 81/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ryman Hospitality Properties (FRA:4RH), the current Cyclically Adjusted PB Ratio is 16.40 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ryman Hospitality Properties (FRA:4RH) Overvalued in 2026?

Based on GuruFocus' analysis, Ryman Hospitality Properties stock appears to be overvalued. The current stock price of €111.00 is trading 20.2% above its estimated GF Value™ of €92.31.

Key valuation signals for FRA:4RH:

  • Cyclically Adjusted PB Ratio: 16.40 (144% above median its 10-year median of 6.73)
  • GF Value™: €92.31 vs. price of €111.00 (20.2% above fair value)
  • GF Score™: 81/100 with 11 warning signs
  • Industry Position: 1875.9% above the REITs median (#553 of 557)

No single metric tells the full story. See the FRA:4RH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ryman Hospitality Properties Business Description

Industry Real EstateREITs
Other Exchanges RHP:USA
Address One Gaylord Drive, Nashville, TN, USA, 37214
Ryman Hospitality Properties Inc is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Its core holdings include meetings-focused resorts that are managed by Marriott under the Gaylord Hotels and JW Marriott brands. The company's operations are organized into three segments: Hospitality, Entertainment, and Corporate and Other. The majority of its revenue is generated from the Hospitality segment, which includes the Gaylord Hotels properties, JW Marriott properties, the Inn at Opryland, and the AC Hotel in its portfolio. The Entertainment segment includes the entertainment and media assets comprising Opry Entertainment Group, and the Corporate and Other segment includes corporate expenses.
81GF Score

Get the complete analysis for FRA:4RH

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€111.00
Price
€92.31
GF Value