Rayonier (STU:RA6) Cyclically Adjusted PS Ratio: 2.86 (As of Aug. 19, 2026) — 30% Below Median

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STU:RA6 Rayonier Inc STU:RA6
80 GF Score
Price €17.92
GF Value €22.23
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Rayonier Cyclically Adjusted PS Ratio?

Rayonier STU:RA6 -2.93% 80 Cyclically Adjusted PS Ratio is 2.86 as of Aug. 19, 2026, which is 30% below its 10-year median of 4.07. GuruFocus rates STU:RA6 with a GF Score™ of 80/100 and a GF Value™ of €22.23 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 541 REITs companies, Rayonier ranks better than 75.79% on this metric.

As of today (2026-08-19), Rayonier's current share price is €17.92. Rayonier's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €6.26. Rayonier's Cyclically Adjusted PS Ratio for today is 2.86.

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: 2.73   Med: 4.07   Max: 6.77
Current: 2.9

During the past years, Rayonier's highest Cyclically Adjusted PS Ratio was 6.77. The lowest was 2.73. And the median was 4.07.

STU:RA6's Cyclically Adjusted PS Ratio is ranked better than
75.79% of 541 companies
in the REITs industry
Industry Median: 5.78 vs STU:RA6: 2.90

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 Jun. 2026 was €1.136. 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 €6.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


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

STU: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.


STU:RA6
80GF Score
Rayonier Inc STU:RA6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=17.92/6.26
=2.86

* 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 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.

What does a Cyclically Adjusted PS Ratio of 2.86 mean?
Rayonier (STU:RA6) has a Cyclically Adjusted PS Ratio of 2.86 as of Aug. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Rayonier and its competitors. This is 30% below median its historical median of 4.07. Over the past decade, Rayonier's Cyclically Adjusted PS Ratio has ranged from 2.73 to 6.77. According to the industry distribution chart, Rayonier ranks #131 out of 541 companies in the REITs industry, placing it in the top 24.2%.
Is Rayonier's Cyclically Adjusted PS Ratio too high?
Rayonier's current Cyclically Adjusted PS Ratio of 2.86 is 30% below median its 10-year median of 4.07. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 6.77. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Rayonier's value of 2.86 is 50.5% below this industry median. Based on the distribution chart, Rayonier ranks #131 out of 541 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Rayonier has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rayonier's Cyclically Adjusted PS Ratio compare to OUT and EPR?
According to the REITs industry distribution chart, Rayonier ranks #131 out of 541 companies for Cyclically Adjusted PS Ratio. This places Rayonier in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.78. Rayonier's value of 2.86 is 50.5% below this benchmark. Historically, Rayonier's own Cyclically Adjusted PS Ratio has ranged from 2.73 to 6.77 over the past decade. While the company's 10-year median is 4.07 vs. the industry median of 5.78, Rayonier has consistently been below 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.78, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rayonier's current Cyclically Adjusted PS Ratio of 2.86 is 50.5% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Rayonier and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rayonier's current Cyclically Adjusted PS Ratio is 2.86, which is 30% below median its own 10-year median of 4.07. 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?
Based on GuruFocus' analysis, Rayonier (STU:RA6) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.23, compared to a current price of €17.92 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.86, which is 30% below median its 10-year median of 4.07 and 50.5% below the REITs industry median of 5.78. Rayonier's overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Rayonier (STU:RA6), the current Cyclically Adjusted PS Ratio is 2.86 as of Aug. 19, 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 (STU:RA6) Overvalued in 2026?

Based on GuruFocus' analysis, Rayonier stock appears to be undervalued. The current stock price of €17.92 is trading 19.4% below its estimated GF Value™ of €22.23. GuruFocus considers Rayonier to be Modestly Undervalued.

Key valuation signals for STU:RA6:

  • Cyclically Adjusted PS Ratio: 2.86 (30% below median its 10-year median of 4.07)
  • GF Value™: €22.23 vs. price of €17.92 (19.4% below fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 50.5% below the REITs median (#131 of 541)

No single metric tells the full story. See the STU: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:USA
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 STU:RA6

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

€17.92
Price
€22.23
GF Value