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Rayonier (STU:RA6) Cyclically Adjusted PS Ratio : 4.11 (As of Jun. 09, 2024)


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What is Rayonier Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Rayonier's current share price is €27.80. Rayonier's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €6.76. Rayonier's Cyclically Adjusted PS Ratio for today is 4.11.

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

STU:RA6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.13   Med: 3.87   Max: 6.77
Current: 4.16

During the past years, Rayonier's highest Cyclically Adjusted PS Ratio was 6.77. The lowest was 2.13. And the median was 3.87.

STU:RA6's Cyclically Adjusted PS Ratio is ranked better than
57.11% of 492 companies
in the REITs industry
Industry Median: 4.875 vs STU:RA6: 4.16

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Rayonier's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.022. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €6.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rayonier Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Rayonier Cyclically Adjusted PS Ratio Chart

Rayonier Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 4.38 6.15 4.57 4.64

Rayonier Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.71 4.41 3.97 4.64 4.56

Competitive Comparison of Rayonier's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.80/6.76
=4.11

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Rayonier's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.022/131.7762*131.7762
=1.022

Current CPI (Mar. 2024) = 131.7762.

Rayonier Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.908 100.560 1.190
201409 0.896 100.428 1.176
201412 0.926 99.070 1.232
201503 1.015 99.621 1.343
201506 0.815 100.684 1.067
201509 1.078 100.392 1.415
201512 1.199 99.792 1.583
201603 0.987 100.470 1.295
201606 1.895 101.688 2.456
201609 1.243 101.861 1.608
201612 1.914 101.863 2.476
201703 1.467 102.862 1.879
201706 1.386 103.349 1.767
201709 1.200 104.136 1.519
201712 1.568 104.011 1.987
201803 1.272 105.290 1.592
201806 1.623 106.317 2.012
201809 1.327 106.507 1.642
201812 1.126 105.998 1.400
201903 1.306 107.251 1.605
201906 1.262 108.070 1.539
201909 1.098 108.329 1.336
201912 1.243 108.420 1.511
202003 1.813 108.902 2.194
202006 1.278 108.767 1.548
202009 1.238 109.815 1.486
202012 1.195 109.897 1.433
202103 1.128 111.754 1.330
202106 1.679 114.631 1.930
202109 2.117 115.734 2.410
202112 1.566 117.630 1.754
202203 1.348 121.301 1.464
202206 1.551 125.017 1.635
202209 1.313 125.227 1.382
202212 1.538 125.222 1.619
202303 1.107 127.348 1.145
202306 1.277 128.729 1.307
202309 1.251 129.860 1.269
202312 2.835 129.419 2.887
202403 1.022 131.776 1.022

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.


Rayonier  (STU: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

Thank you for viewing the detailed overview of Rayonier's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Rayonier (STU:RA6) Business Description

Industry
Traded in Other Exchanges
Address
1 Rayonier Way, Wildlight, FL, USA, 32097
Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

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