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Rayonier (Rayonier) Cyclically Adjusted PS Ratio : 4.19 (As of Apr. 27, 2024)


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What is Rayonier Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Rayonier's current share price is $30.16. Rayonier's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $7.20. Rayonier's Cyclically Adjusted PS Ratio for today is 4.19.

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

RYN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.13   Med: 3.86   Max: 6.77
Current: 4.18

During the past years, Rayonier's highest Cyclically Adjusted PS Ratio was 6.77. The lowest was 2.13. And the median was 3.86.

RYN's Cyclically Adjusted PS Ratio is ranked better than
57.35% of 490 companies
in the REITs industry
Industry Median: 4.995 vs RYN: 4.18

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 Dec. 2023 was $3.092. 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 $7.20 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.57 4.71 4.41 3.97 4.64

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
=30.16/7.2
=4.19

* 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 Dec. 2023 is calculated as:

For example, Rayonier's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.092/129.4194*129.4194
=3.092

Current CPI (Dec. 2023) = 129.4194.

Rayonier Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.115 99.695 1.447
201406 1.233 100.560 1.587
201409 1.154 100.428 1.487
201412 1.141 99.070 1.491
201503 1.098 99.621 1.426
201506 0.914 100.684 1.175
201509 1.210 100.392 1.560
201512 1.306 99.792 1.694
201603 1.099 100.470 1.416
201606 2.130 101.688 2.711
201609 1.395 101.861 1.772
201612 2.019 101.863 2.565
201703 1.569 102.862 1.974
201706 1.557 103.349 1.950
201709 1.430 104.136 1.777
201712 1.855 104.011 2.308
201803 1.568 105.290 1.927
201806 1.896 106.317 2.308
201809 1.548 106.507 1.881
201812 1.281 105.998 1.564
201903 1.476 107.251 1.781
201906 1.425 108.070 1.707
201909 1.209 108.329 1.444
201912 1.381 108.420 1.648
202003 2.003 108.902 2.380
202006 1.439 108.767 1.712
202009 1.459 109.815 1.719
202012 1.454 109.897 1.712
202103 1.343 111.754 1.555
202106 2.023 114.631 2.284
202109 2.491 115.734 2.786
202112 1.769 117.630 1.946
202203 1.485 121.301 1.584
202206 1.640 125.017 1.698
202209 1.300 125.227 1.344
202212 1.630 125.222 1.685
202303 1.185 127.348 1.204
202306 1.384 128.729 1.391
202309 1.335 129.860 1.330
202312 3.092 129.419 3.092

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  (NYSE:RYN) 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 (Rayonier) 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.
Executives
David L Nunes director, officer: Chief Executive Officer 1 RAYONIER WAY, WILDLIGHT FL 32097
Shelby L Pyatt officer: VP, Human Resources 1 RAYONIER WAY, YULEE FL 32097
Gregg A Gonsalves director C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Mark Mchugh officer: Chief Financial Officer 1 RAYONIER WAY, YULEE FL 32097
Meridee Moore director
Douglas M Long officer: SVP, Forest Resources 1 RAYONIER WAY, WILDLIGHT FL 32097
April J. Tice officer: V.P. Corp Controller 1 RAYONIER WAY, YULEE FL 32097
Mark R Bridwell officer: VP, GC and Secretary 1 RAYONIER WAY, WILDLIGHT FL 32097
W. Rhett Rogers officer: VP, Portfolio Management 1 RAYONIER WAY, YULEE FL 32097
Matthew Justice Rivers director 1 RAYONIER WAY, WILDLIGHT FL 32097
Blanche L Lincoln director C/O ENTERGY CORPORATION LEGAL DEPARTMENT, 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Dod A Fraser director 1 RAYONIER WAY, YULEE FL 32097
Keith E Bass director 6208 BLAKEFORD DRIVE, WINDERMERE FL 34786
V. Larkin Martin director 1 RAYONIER WAY, YULEE FL 32097
Scott R. Jones director 1 RAYONIER WAY, YULEE FL 32097