Rayonier (MEX:RYN) Cyclically Adjusted PB Ratio: 1.44 (As of Sep. 16, 2026) — 40% Below Median

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MEX:RYN Rayonier Inc MEX:RYN
80 GF Score
Price MXN390.00
GF Value MXN509.39
! 7 Warning Signs
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What is Rayonier Cyclically Adjusted PB Ratio?

Rayonier MEX:RYN 80 Cyclically Adjusted PB Ratio is 1.44 as of Sep. 16, 2026, which is 40% below its 10-year median of 2.39. GuruFocus rates MEX:RYN with a GF Score™ of 80/100 and a GF Value™ of MXN509.39. The stock has 7 warning signs investors should review. Among 550 REITs companies, Rayonier ranks worse than 79.27% on this metric.

As of today (2026-09-16), Rayonier's current share price is MXN390.00. Rayonier's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN269.96. Rayonier's Cyclically Adjusted PB Ratio for today is 1.44.

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

MEX:RYN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.39   Max: 3.33
Current: 1.37

During the past years, Rayonier's highest Cyclically Adjusted PB Ratio was 3.33. The lowest was 1.37. And the median was 2.39.

MEX:RYN's Cyclically Adjusted PB Ratio is ranked worse than
79.27% of 550 companies
in the REITs industry
Industry Median: 0.77 vs MEX:RYN: 1.37

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.

Rayonier's adjusted book value per share data for the three months ended in Jun. 2026 was MXN304.573. 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 MXN269.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rayonier  (MEX:RYN) 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.


Rayonier Cyclically Adjusted PB Ratio Related Terms


Rayonier Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rayonier'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.

Rayonier Cyclically Adjusted PB Ratio Chart

Rayonier 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 3.06 2.38 2.40 1.88 1.53

Rayonier Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.57 1.87 1.53 1.42 1.44

MEX:RYN vs OUT, EPR, FRMI: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Rayonier'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.


Rayonier Cyclically Adjusted PB Ratio vs REITs Industry

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

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


MEX:RYN
80GF Score
Rayonier Inc MEX:RYN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rayonier 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.

Rayonier's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=390.00/269.96
=1.44

* 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.

Rayonier's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Rayonier's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=304.573/333.9520*333.9520
=304.573

Current CPI (Jun. 2026) = 333.9520.

Rayonier Quarterly Data

Book Value per Share CPI Adj_Book
201609 214.193 241.428 296.280
201612 236.796 241.432 327.539
201703 228.197 243.801 312.578
201706 220.412 244.955 300.492
201709 219.402 246.819 296.856
201712 242.583 246.524 328.613
201803 229.500 249.554 307.116
201806 244.913 251.989 324.574
201809 231.206 252.439 305.863
201812 236.076 251.233 313.805
201903 231.038 254.202 303.521
201906 222.400 256.143 289.959
201909 217.564 256.759 282.973
201912 209.989 256.974 272.892
202003 238.398 258.115 308.442
202006 246.397 257.797 319.184
202009 231.273 260.280 296.735
202012 212.973 260.474 273.051
202103 224.874 264.877 283.517
202106 226.689 271.696 278.632
202109 245.854 274.310 299.309
202112 250.020 278.802 299.477
202203 250.338 287.504 290.782
202206 248.506 296.311 280.074
202209 249.119 296.808 280.295
202212 246.924 296.797 277.836
202303 224.140 301.836 247.989
202306 211.069 305.109 231.022
202309 213.334 307.789 231.468
202312 212.956 306.746 231.844
202403 204.453 312.332 218.605
202406 222.182 314.175 236.168
202409 236.152 315.301 250.121
202412 248.425 315.605 262.867
202503 251.136 319.799 262.250
202506 280.102 322.561 289.994
202509 271.663 324.800 279.318
202512 246.477 324.054 254.005
202603 318.566 330.213 322.173
202606 304.573 333.952 304.573

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 1.44 mean?
Rayonier (MEX:RYN) has a Cyclically Adjusted PB Ratio of 1.44 as of Sep. 16, 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 Rayonier and its competitors. This is 40% below median its historical median of 2.39. Over the past decade, Rayonier's Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.33. According to the industry distribution chart, Rayonier ranks #436 out of 550 companies in the REITs industry, placing it in the top 79.3%.
Is Rayonier's Cyclically Adjusted PB Ratio too high?
Rayonier's current Cyclically Adjusted PB Ratio of 1.44 is 40% below median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.33. The REITs industry median Cyclically Adjusted PB Ratio is 0.77. Rayonier's value of 1.44 is 87% above this industry median. Based on the distribution chart, Rayonier ranks #436 out of 550 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Rayonier has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Rayonier's Cyclically Adjusted PB Ratio compare to OUT and EPR?
According to the REITs industry distribution chart, Rayonier ranks #436 out of 550 companies for Cyclically Adjusted PB Ratio. This places Rayonier in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Rayonier's value of 1.44 is 87% above this benchmark. Historically, Rayonier's own Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.33 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 0.77, Rayonier 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 0.77, based on 550 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. Rayonier's current Cyclically Adjusted PB Ratio of 1.44 is 87% 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 Rayonier and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rayonier's current Cyclically Adjusted PB Ratio is 1.44, which is 40% below median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rayonier stock overvalued right now?
Rayonier (MEX:RYN) has a current Cyclically Adjusted PB Ratio of 1.44. The stock's GF Value™ is MXN509.39, compared to a current price of MXN390.00 — trading 23.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.44, which is 40% below median its 10-year median of 2.39 and 87% above the REITs industry median of 0.77. Rayonier's overall GF Score™ is 80/100 with 7 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 Rayonier (MEX:RYN), the current Cyclically Adjusted PB Ratio is 1.44 as of Sep. 16, 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 Rayonier (MEX:RYN) Overvalued in 2026?

Based on GuruFocus' analysis, Rayonier stock appears to be undervalued. The current stock price of MXN390.00 is trading 23.4% below its estimated GF Value™ of MXN509.39.

Key valuation signals for MEX:RYN:

  • Cyclically Adjusted PB Ratio: 1.44 (40% below median its 10-year median of 2.39)
  • GF Value™: MXN509.39 vs. price of MXN390.00 (23.4% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 87% above the REITs median (#436 of 550)

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


Rayonier Business Description

Industry Real EstateREITs
Other Exchanges RYN:USARA6:Germany
Address 1 Rayonier Way, Wildlight, FL, USA, 32097
Rayonier Inc is a timberland real estate investment trust engaged in the ownership, management, and investment of timberlands. The company operates through Southern Timber, Pacific Northwest Timber, and Real Estate segments. The Southern Timber and Pacific Northwest Timber segments are involved in harvesting timber and related activities, as well as value-added services such as licensing properties for hunting, leasing land for mineral extraction and communication infrastructure, land-based solutions including carbon capture and solar energy, and log trading. The Real Estate segment is engaged in land sales across various categories, as well as residential and commercial leasing activities. It generates the majority of its revenue from the Southern Timber segment.
80GF Score

Get the complete analysis for MEX:RYN

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

MXN390.00
Price
MXN509.39
GF Value