Rayonier Inc. (RYN) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Specialty
EV/EBITDA
↑
17.48
+8% vs avg
5yr avg: 16.26
30Y Low4.5·High50.4
P/FCF
↓
15.71
↓-58% vs avg
5yr avg: 37.56
30Y Low3.2·High130.0
P/B Ratio
↓
1.48
↓-37% vs avg
5yr avg: 2.35
30Y Low1.0·High3.4
ROE
↑
23.2%
↓+81% vs avg
5yr avg: 12.8%
30Y Low-14%·High30%
Debt/EBITDA
↑
5.39
↑+34% vs avg
5yr avg: 4.01
30Y Low1.2·High10.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RYN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Rayonier Inc. trades at 47.7x earnings, 39% above its 5-year average of 34.2x, sitting at the 86th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 98%. On a free-cash-flow basis, the stock trades at 15.7x P/FCF, 58% below the 5-year average of 37.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $3.4B | $4.0B | $5.0B | $4.9B | $5.9B | $4.0B | $4.2B | $3.6B | $4.0B | $3.3B |
| Enterprise Value | $3.5B | $3.7B | $4.8B | $6.3B | $6.4B | $7.0B | $5.4B | $5.3B | $4.4B | $5.0B | $4.2B |
| P/E Ratio → | 47.68 | 49.20 | 10.92 | 28.56 | 45.15 | 37.37 | 108.81 | 71.22 | 35.05 | 27.27 | 15.38 |
| P/S Ratio | 6.70 | 7.09 | 3.14 | 4.78 | 5.44 | 5.29 | 4.68 | 5.97 | 4.40 | 4.93 | 4.14 |
| P/B Ratio | 1.48 | 1.53 | 2.17 | 2.58 | 2.49 | 3.01 | 2.02 | 2.76 | 2.17 | 2.39 | 2.18 |
| P/FCF | 15.71 | 16.62 | 24.96 | 24.88 | — | 83.78 | 35.61 | 530.70 | 18.88 | — | — |
| P/OCF | 12.65 | 13.39 | 15.18 | 16.92 | 18.38 | 18.04 | 19.70 | 19.81 | 11.58 | 15.77 | 16.03 |
P/E links to full P/E history page with 30-year chart
RYN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Rayonier Inc.'s enterprise value stands at 17.5x EBITDA, 8% above its 5-year average of 16.3x. This is roughly in line with the Real Estate sector median of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.57 | 3.83 | 5.95 | 7.08 | 6.28 | 6.28 | 7.48 | 5.41 | 6.05 | 5.38 |
| EV / EBITDA | 17.48 | 18.43 | 8.90 | 17.03 | 20.56 | 16.37 | 22.56 | 22.62 | 14.05 | 14.44 | 11.44 |
| EV / EBIT | 41.73 | 36.33 | 11.70 | 27.13 | 38.23 | 25.79 | 71.46 | 47.38 | 26.09 | 22.80 | 16.59 |
| EV / FCF | — | 17.74 | 30.38 | 31.02 | — | 99.48 | 47.78 | 665.31 | 23.21 | — | — |
RYN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Rayonier Inc. earns an operating margin of 17.2%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 20.0% to 17.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 23.2% indicates solid capital efficiency. ROIC of 2.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.5% | 32.5% | 37.9% | 27.9% | 24.3% | 28.3% | 17.1% | 21.5% | 25.8% | 30.7% | 33.4% |
| Operating Margin | 17.2% | 17.2% | 31.9% | 20.0% | 18.2% | 24.3% | 8.7% | 15.0% | 20.8% | 26.3% | 32.4% |
| Net Profit Margin | 97.9% | 97.9% | 28.4% | 16.4% | 11.8% | 13.7% | 4.3% | 8.3% | 12.5% | 18.2% | 26.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.2% | 23.2% | 18.9% | 8.8% | 5.4% | 7.7% | 2.1% | 3.7% | 6.1% | 9.3% | 14.8% |
| ROA | 13.8% | 13.8% | 10.1% | 4.7% | 2.9% | 4.1% | 1.1% | 2.1% | 3.6% | 5.4% | 8.5% |
| ROIC | 2.4% | 2.4% | 10.2% | 4.7% | 3.8% | 6.3% | 1.9% | 3.2% | 5.0% | 6.4% | 8.3% |
| ROCE | 2.7% | 2.7% | 12.2% | 5.9% | 4.7% | 7.7% | 2.3% | 3.9% | 6.2% | 8.0% | 10.5% |
RYN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Rayonier Inc. carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (32% below the sector average of 7.9x). Net debt stands at $230M ($1.1B total debt minus $843M cash). Interest coverage of 3.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.48 | 0.48 | 0.65 | 0.74 | 0.81 | 0.75 | 0.73 | 0.75 | 0.59 | 0.61 | 0.71 |
| Debt / EBITDA | 5.39 | 5.39 | 2.18 | 3.93 | 5.12 | 3.43 | 6.10 | 4.87 | 3.10 | 2.99 | 2.86 |
| Net Debt / Equity | — | 0.10 | 0.47 | 0.64 | 0.75 | 0.56 | 0.69 | 0.70 | 0.50 | 0.54 | 0.65 |
| Net Debt / EBITDA | 1.16 | 1.16 | 1.59 | 3.37 | 4.76 | 2.58 | 5.75 | 4.58 | 2.62 | 2.66 | 2.63 |
| Debt / FCF | — | 1.11 | 5.42 | 6.14 | — | 15.70 | 12.18 | 134.61 | 4.33 | — | — |
| Interest Coverage | 3.84 | 3.84 | 11.19 | 4.80 | 4.65 | 6.01 | 1.95 | 3.54 | 5.27 | 6.37 | 7.75 |
RYN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Rayonier Inc.'s current ratio of 3.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.26x to 3.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.11 | 3.11 | 1.12 | 2.26 | 2.12 | 1.95 | 1.87 | 0.83 | 3.27 | 2.68 | 1.79 |
| Quick Ratio | 3.11 | 3.11 | 1.04 | 2.04 | 1.87 | 1.83 | 1.76 | 0.74 | 3.03 | 2.33 | 1.56 |
| Cash Ratio | 3.11 | 3.11 | 0.83 | 1.48 | 1.20 | 1.56 | 0.93 | 0.45 | 2.34 | 1.65 | 0.93 |
| Asset Turnover | — | 0.14 | 0.36 | 0.29 | 0.24 | 0.31 | 0.23 | 0.25 | 0.29 | 0.29 | 0.29 |
| Inventory Turnover | — | — | 24.27 | 24.59 | 29.01 | 27.91 | 67.25 | 38.46 | 38.54 | 23.54 | 24.54 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RYN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Rayonier Inc. returns 10.9% to shareholders annually — split between a 8.8% dividend yield and 2.2% buyback yield. A payout ratio of 61.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.8% | 8.5% | 5.1% | 3.4% | 3.3% | 2.6% | 3.6% | 3.3% | 3.8% | 3.1% | 3.8% |
| Payout Ratio | 61.6% | 61.6% | 55.9% | 98.0% | 154.8% | 100.6% | 394.6% | 238.7% | 133.8% | 85.4% | 57.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.0% | 9.2% | 3.5% | 2.2% | 2.7% | 0.9% | 1.4% | 2.9% | 3.7% | 6.5% |
| FCF Yield | 6.4% | 6.0% | 4.0% | 4.0% | — | 1.2% | 2.8% | 0.2% | 5.3% | — | — |
| Buyback Yield | 2.2% | 2.1% | 0.5% | 0.1% | 0.1% | 0.0% | 0.1% | 0.3% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.9% | 10.6% | 5.5% | 3.5% | 3.4% | 2.6% | 3.8% | 3.6% | 3.9% | 3.1% | 3.8% |
| Shares Outstanding | — | $159M | $152M | $151M | $150M | $145M | $137M | $130M | $130M | $128M | $123M |
Peer Comparison
Compare RYN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RYNYou | $3B | 47.7 | 17.5 | 15.7 | 32.5% | 17.2% | 23.2% | 2.4% | 5.4 |
 PCH | $3B | 149.0 | 140.5 | 47.9 | 11.0% | 3.1% | 1.0% | 0.8% | 35.3 |
 WY | $18B | 54.0 | 23.2 | 199.3 | 7.5% | 6.7% | 3.4% | 2.4% | 5.7 |
 LPX | $5B | 37.3 | 13.7 | 59.5 | 21.8% | 9.6% | 8.6% | 10.9% | 1.0 |
 WFG | $5B | -6.0 | 80.2 | — | -0.6% | -8.7% | -17.5% | -6.8% | 4.7 |
 IP | $19B | -5.5 | 1388.3 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
 PKG | $20B | 26.7 | 12.7 | 28.0 | 21.0% | 14.0% | 17.1% | 12.6% | 2.3 |
 CLW | $271M | -13.5 | 6.2 | — | 7.4% | 1.2% | -2.4% | 1.2% | 3.8 |
 NTR | $30B | 13.3 | 6.7 | 14.8 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 AMT | $82B | 32.7 | 18.1 | 21.7 | 73.7% | 45.8% | 25.3% | 6.9% | 6.5 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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RYN — Frequently Asked Questions
Quick answers to the most common questions about buying RYN stock.
What is Rayonier Inc.'s P/E ratio?
Rayonier Inc.'s current P/E ratio is 47.7x. The historical average is 26.1x. This places it at the 86th percentile of its historical range.
What is Rayonier Inc.'s EV/EBITDA?
Rayonier Inc.'s current EV/EBITDA is 17.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Rayonier Inc.'s ROE?
Rayonier Inc.'s return on equity (ROE) is 23.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.5%.
Is RYN stock overvalued?
Based on historical data, Rayonier Inc. is trading at a P/E of 47.7x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Rayonier Inc.'s dividend yield?
Rayonier Inc.'s current dividend yield is 8.77% with a payout ratio of 61.6%.
What are Rayonier Inc.'s profit margins?
Rayonier Inc. has 32.5% gross margin and 17.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Rayonier Inc. have?
Rayonier Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.