Is Rayonier, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Rayonier, Inc. has moved from fair to attractive, indicating a more favorable assessment of its market position. Based on the current metrics, the company appears undervalued, particularly when considering its P/E ratio of 10, which is significantly lower than the industry average, and a PEG ratio of 0.09, suggesting strong growth potential relative to its price. Additionally, the EV to EBITDA ratio stands at 5.30, further supporting the notion of undervaluation.
In comparison to peers, Rayonier, Inc. has a P/E ratio of 5.41, while AGNC Investment Corp. is very attractive with a P/E of 28.50, and Vornado Realty Trust is attractive with a P/E of 9.71. This highlights that Rayonier is trading at a substantial discount relative to its peers. Furthermore, the company's recent stock performance has lagged behind the S&P 500, with a 1Y return of -30.66% compared to the index's 11.00%, reinforcing the undervaluation narrative.