Start with its own history
At 29.24×, RYN is 31.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · RYNREIT - SpecialtyUpdated Nov 4, 2026
Rayonier Inc. REIT P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
29.24×
31.1% belowthe 10-year annual average
Share price20.175
÷Earnings per share0.69
Price and EPS in quote currency. Calculation details
Investors are paying 29.24 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 42.42×
3-year average29.37×3 positive annual observations
5-year average34.13×5 positive annual observations
10-year average42.42×10 positive annual observations
Peer median · TTM34.52×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 49.20× | +354.3% |
| Dec 31, 2024 | 10.83× | -61.4% |
| Dec 31, 2023 | 28.08× | -37.8% |
| Dec 31, 2022 | 45.15× | +20.8% |
| Dec 31, 2021 | 37.37× | -64.4% |
| Dec 31, 2020 | 104.93× | +47.3% |
| Dec 31, 2019 | 71.22× | +103.2% |
| Dec 31, 2018 | 35.05× | +29.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 27.03× | +75.8% |
| Dec 31, 2016 | 15.38× | -74.4% |
| Dec 31, 2015 | 60.00× | +67.5% |
| Dec 31, 2014 | 35.82× | +243.4% |
| Dec 31, 2013 | 10.43× | -37.7% |
| Dec 31, 2012 | 16.75× | +16.1% |
| Dec 31, 2011 | 14.42× | +1.7% |
| Dec 31, 2010 | 14.19× | +81.0% |
| Dec 31, 2009 | 7.84× | -34.0% |
| Dec 31, 2008 | 11.88× | -22.8% |
| Dec 31, 2007 | 15.40× | +17.4% |
| Dec 31, 2006 | 13.12× | +5.7% |
| Dec 31, 2005 | 12.41× | +9.8% |
| Dec 31, 2004 | 11.30× | -56.6% |
| Dec 31, 2003 | 26.02× | +82.0% |
| Dec 31, 2002 | 14.29× | -2.5% |
| Dec 31, 2001 | 14.67× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How RYN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 RYN This stockRayonier Inc. REIT | 29.24× |
 WYWeyerhaeuser Company | 34.52× |
 LAMRLamar Advertising Company | 28.89× |
 FPIFarmland Partners Inc. | 37.18× |
 LANDGladstone Land Corporation | N/M |
 PCHPotlatchDeltic Corporation | 98.44× |
 GLPIGaming and Leisure Properties, Inc. | 12.03× |
 CCICrown Castle Inc. | 38.40× |
 EPREPR Properties | 17.01× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does RYN’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 34.52×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take RYN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("RYN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 20.175 ÷ EPS 0.69 = 29.24×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
RYN P/E ratio: common questions
The essentials behind the numbers.
Rayonier Inc. REIT's current P/E is 29.24× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.