Is Rayonier, Inc. overvalued or undervalued?

As of 17 December 2024, Rayonier, Inc. has moved from a fair to attractive valuation grade, indicating a shift in perception regarding its investment potential. The company is currently considered undervalued. Key ratios include a P/E ratio of 10, an EV to EBITDA of 5.30, and a PEG ratio of 0.09, all suggesting that the stock is trading at a discount relative to its earnings growth prospects.
In comparison to its peers, Rayonier's P/E ratio of 10 is higher than Rithm Capital Corp.'s very attractive P/E of 8.29 but lower than Apartment Income REIT Corp.'s P/E of 8.87, indicating a competitive position within the industry. Despite recent stock performance lagging behind the S&P 500, with a year-to-date return of -12.68% compared to the index's 2.44%, the underlying financial metrics suggest that Rayonier, Inc. presents a compelling investment opportunity at its current price of 22.79.