Ryman Hospitality Properties Inc. (REIT) (RHP)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Ryman as a REIT, so I cannot use EPS-based Graham math; depreciation distorts REIT earnings, and FFO/AFFO, the right measures, are not in my data. I must lean on dividend yield, leverage, revenue trend, and price-to-book. The business owns irreplaceable Gaylord convention resorts and entertainment assets, and the latest filing is encouraging: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $749.0M, net income $92.8M, and diluted EPS $1.42, versus revenue of $659.5M, net income of $71.8M, and diluted EPS of $1.12 in fiscal Q2 2025, the quarter ended 2025-06-30. But the annual picture is mixed. In fiscal year 2025, ended 2025-12-31, revenue was $2.6B, net income $243.4M, and diluted EPS $3.77, down from net income of $271.6M and diluted EPS of $4.38 in fiscal year 2024, ended 2024-12-31, and from $311.2M and $5.36 in fiscal year 2023, ended 2023-12-31. Revenue has risen while profit has fallen. The balance sheet needs respect: FairStock shows debt-to-equity of 3.35, Altman Z-Score of 1.00, ROCE of 5.44%, and ROE of 22.58%. At the close of $124.51 on 2026-10-13, the dividend yield is 3.94%, but price-to-book is 10.38, P/E is 30.37, PEG is 4.13, and FCF yield is 3.5%. That is not a bargain unless FFO/AFFO growth is robust. FairStock's Piotroski F-Score of 7/9 is a positive, and its score is 57/100. The moat is the scale of the convention resorts, but debt and a rich book multiple leave little room for error. I would want FFO/AFFO and coverage data before calling this cheap.

In plain English: Ryman Hospitality owns large convention-center resorts and country music entertainment venues. The business showed a strong recent quarter, but annual profits have slipped while debt is high and the shares look expensive compared with profits and asset value. The dividend is decent, but the price already reflects a lot of good news.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer