Rayonier (FRA:RA6) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:RA6 Rayonier Inc FRA:RA6
81 GF Score
Price €18.82
GF Value €21.87
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Rayonier Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rayonier  (FRA:RA6) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Rayonier Cyclically Adjusted PS Ratio Related Terms


Rayonier Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Rayonier's Cyclically Adjusted PS 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 PS Ratio Chart

Rayonier Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.15 4.57 4.75 3.60 3.03

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 PS 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 3.05 3.65 3.03 2.85 2.98

FRA:RA6 vs OUT, EPR, FRMI: Cyclically Adjusted PS Ratio Comparison

For the REIT - Specialty subindustry, Rayonier's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs REITs Industry

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

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


FRA:RA6
81GF Score
Rayonier Inc FRA:RA6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Rayonier Cyclically Adjusted PS Ratio Calculation

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

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.136/333.9520*333.9520
=1.136

Current CPI (Jun. 2026) = 333.9520.

Rayonier Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.243 241.428 1.719
201612 1.914 241.432 2.647
201703 1.467 243.801 2.009
201706 1.386 244.955 1.890
201709 1.200 246.819 1.624
201712 1.568 246.524 2.124
201803 1.272 249.554 1.702
201806 1.623 251.989 2.151
201809 1.327 252.439 1.755
201812 1.126 251.233 1.497
201903 1.306 254.202 1.716
201906 1.262 256.143 1.645
201909 1.098 256.759 1.428
201912 1.243 256.974 1.615
202003 1.813 258.115 2.346
202006 1.278 257.797 1.656
202009 1.238 260.280 1.588
202012 1.195 260.474 1.532
202103 1.128 264.877 1.422
202106 1.679 271.696 2.064
202109 2.117 274.310 2.577
202112 1.566 278.802 1.876
202203 1.348 287.504 1.566
202206 1.551 296.311 1.748
202209 1.313 296.808 1.477
202212 1.538 296.797 1.731
202303 1.107 301.836 1.225
202306 1.301 305.109 1.424
202309 1.251 307.789 1.357
202312 1.206 306.746 1.313
202403 0.704 312.332 0.753
202406 0.622 314.175 0.661
202409 0.739 315.301 0.783
202412 4.022 315.605 4.256
202503 0.499 319.799 0.521
202506 0.586 322.561 0.607
202509 0.967 324.800 0.994
202512 0.619 324.054 0.638
202603 0.935 330.213 0.946
202606 1.136 333.952 1.136

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Rayonier (FRA:RA6) Overvalued in 2026?

Based on GuruFocus' analysis, Rayonier stock appears to be undervalued. The current stock price of €18.82 is trading 13.9% below its estimated GF Value™ of €21.87. GuruFocus considers Rayonier to be Modestly Undervalued.

Key valuation signals for FRA:RA6:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €21.87 vs. price of €18.82 (13.9% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the FRA:RA6 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.
81GF Score

Get the complete analysis for FRA:RA6

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

€18.82
Price
€21.87
GF Value