RYAM - Rayonier Advanced Materials Inc Stock Price, Fair Value and News

4.44USD-0.09 (-1.99%)Market Closed

Market Summary

USD4.44-0.09

Market Closed

-1.99%

RYAM Stock Price

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RYAM RSI Chart

RYAM Valuation

Market Cap

290.4M

Price/Earnings (Trailing)

-2.85

Price/Sales (Trailing)

0.18

EV/EBITDA

11.89

Price/Free Cashflow

2.13

RYAM Price/Sales (Trailing)

RYAM Profitability

EBT Margin

-8.06%

Return on Equity

-13.64%

Return on Assets

-4.67%

Free Cashflow Yield

46.93%

RYAM Fundamentals

RYAM Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

-15.5%

Rev. Growth (Qtr)

14.6%

RYAM Earnings

Earnings (TTM)

-101.8M

Earnings Growth (Yr)

-1.8K%

Earnings Growth (Qtr)

-145.39%

Breaking Down RYAM Revenue

Last 7 days

-3.5%

Last 30 days

7.5%

Last 90 days

6.2%

Trailing 12 Months

-17.6%

How does RYAM drawdown profile look like?

RYAM Financial Health

Current Ratio

1.53

Debt/Equity

1.01

Debt/Cashflow

0.18

RYAM Investor Care

Dividend Yield

8.26%

Dividend/Share (TTM)

0.28

Shares Dilution (1Y)

1.87%

Diluted EPS (TTM)

-1.58

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	1.8B	1.8B	1.7B	1.6B
2022	1.4B	1.5B	1.6B	1.7B
2021	1.3B	1.4B	1.4B	1.4B
2020	1.7B	1.5B	1.4B	1.3B
2019	1.9B	1.9B	1.8B	1.8B
2018	1.2B	1.5B	1.8B	2.0B
2017	852.4M	840.1M	843.2M	961.3M
2016	937.8M	930.5M	879.4M	868.7M
2015	935.5M	943.9M	947.8M	941.4M
2014	1.0B	963.3M	991.5M	957.7M
2013	1.1B	1.1B	1.1B	1.0B
2012	0	0	0	1.1B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Rayonier Advanced Materials Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 10, 2024	osborne michael d	sold (taxes)	-29,362	4.59	-6,397	vice president, manufacturing
Apr 10, 2024	osborne michael d	acquired	-	-	26,270	vice president, manufacturing
Mar 01, 2024	posze james l jr	acquired	-	-	14,689	cao & svp, human resources
Mar 01, 2024	moeltner marcus j.	acquired	-	-	24,194	cfo and svp, finance
Mar 01, 2024	moeltner marcus j.	sold (taxes)	-34,159	3.78	-9,037	cfo and svp, finance
Mar 01, 2024	slaughter richard colby	sold (taxes)	-7,200	3.78	-1,905	svp, gc & corp sec
Mar 01, 2024	posze james l jr	sold (taxes)	-23,515	3.78	-6,221	cao & svp, human resources
Mar 01, 2024	duffy kenneth james	sold (taxes)	-7,503	3.78	-1,985	svp, paperboard/hyp
Mar 01, 2024	duffy kenneth james	acquired	-	-	3,745	svp, paperboard/hyp
Mar 01, 2024	garcia gabriela	acquired	-	-	5,761	cao, vp, corporate controller

Which funds bought or sold RYAM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	1,487	-%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	3,517	23,030	0.01%
Apr 05, 2024	Davis Capital Management	unchanged	-	630	4,680	-%
Apr 05, 2024	CWM, LLC	added	34.44	4,000	10,000	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	172	1,128	-%
Apr 02, 2024	ST GERMAIN D J CO INC	reduced	-84.03	-391	91.00	-%
Mar 11, 2024	VANGUARD GROUP INC	added	2.81	2,053,840	13,712,600	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	44.14	995,866	2,530,150	-%
Mar 01, 2024	Transcendent Capital Group LLC	new	-	595	595	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	15,715	128,397	-%

Are Funds Buying or Selling RYAM?

Are funds buying RYAM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RYAM

No. of Funds

Unveiling Rayonier Advanced Materials Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	condire management, lp	9.73%	6,356,130	SC 13G/A
Feb 13, 2024	vanguard group inc	5.18%	3,385,825	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.0%	3,268,581	SC 13G/A
Jan 25, 2024	blackrock inc.	8.5%	5,566,117	SC 13G/A
Jul 07, 2023	blackrock inc.	7.5%	4,878,816	SC 13G/A
Feb 14, 2023	condire management, lp	9.7%	6,224,420	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.6%	4,192,810	SC 13G
Feb 09, 2023	vanguard group inc	6.77%	4,332,155	SC 13G/A
Jan 23, 2023	blackrock inc.	15.9%	10,164,458	SC 13G/A
May 19, 2022	chatham asset management, llc	0%	0	SC 13D/A

Recent SEC filings of Rayonier Advanced Materials Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	4	Insider Trading
Apr 03, 2024	DEFA14A	DEFA14A
Mar 29, 2024	ARS	ARS
Mar 29, 2024	DEF 14A	DEF 14A
Mar 29, 2024	DEFA14A	DEFA14A
Mar 15, 2024	PRE 14A	PRE 14A
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading

Peers (Alternatives to Rayonier Advanced Materials Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
APD	51.5B	12.4B	-5.47%	-19.20%	22.01	4.14	-3.54%	3.06%
DOW	40.4B	44.6B	0.47%	1.43%	61.28	0.91	-21.58%	-85.78%
CE	17.0B	10.9B	-2.67%	40.70%	8.66	1.55	13.10%	3.48%
AVTR	16.8B	7.0B	-1.48%	19.43%	52.2	2.41	-7.26%	-53.23%
ALB	14.1B	9.6B	-1.36%	-40.94%	8.99	1.47	31.38%	-41.50%
EMN	11.4B	9.2B	5.47%	17.54%	12.78	1.24	-12.95%	12.74%
MID-CAP
CBT	5.2B	3.9B	5.69%	23.87%	11.6	1.31	-9.12%	26.64%
BCPC	4.7B	922.4M	-6.20%	15.51%	43.61	5.13	-2.11%	3.01%
AVNT	3.8B	3.1B	2.37%	3.94%	50.24	1.22	-7.48%	-89.19%
ARCH	2.9B	3.1B	-1.93%	21.31%	6.28	0.92	-15.54%	-65.21%
SMALL-CAP
CCF	1.2B	404.0M	0.11%	32.60%	36.59	3	24.06%	-25.72%
ASIX	722.2M	1.5B	3.01%	-32.07%	13.22	0.47	-21.18%	-60.55%
CMT	178.7M	357.7M	7.50%	2.01%	8.79	0.5	-5.20%	66.55%
AREC	108.8M	16.7M	-15.24%	9.45%	9.82	6.5	-57.58%	866.09%
AMRS	3.7M	-	-80.00%	-99.58%	-0.01	0.01	-	-

Rayonier Advanced Materials Inc News

Latest updates

Rayonier Advanced Materials Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	14.6%	422	369	385	467	500	466	399	352	374	374	341	319	372	323	324	324	468	416	450	441	481
Gross Profit	213.3%	27.00	9.00	15.00	37.00	44.00	47.00	27.00	6.00	13.00	19.00	22.00	20.00	11.00	22.00	23.00	8.00	12.00	17.00	18.00	8.00	52.00
S&GA Expenses	-19.4%	17.00	21.00	18.00	19.00	23.00	20.00	28.00	20.00	24.00	17.00	18.00	16.00	20.00	18.00	20.00	20.00	9.00	23.00	20.00	28.00	27.00
EBITDA Margin	-47.7%	0.05*	0.09*	0.11*	0.11*	0.10*	0.09*	0.07*	0.08*	0.09*	0.08*	0.08*	0.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	4.0%	22.00	21.00	15.00	15.00	17.00	16.00	17.00	16.00	17.00	17.00	16.00	15.00	14.00	14.00	14.00	15.00	9.00	15.00	14.00	14.00	13.00
Income Taxes	-291.0%	-21.08	-5.39	-3.25	-2.59	-2.33	-1.82	4.00	1.00	-6.02	-4.10	-24.66	0.00	-13.60	-28.27	-17.60	-1.62	5.00	-4.51	-10.12	-11.19	-5.40
Earnings Before Taxes	-159.8%	-82.28	-31.67	-18.19	-0.33	2.00	17.00	-20.24	-22.59	-33.89	-17.07	-16.10	-15.81	-38.64	-15.65	-21.10	-26.46	-16.91	-18.86	-29.39	-39.17	-6.03
EBT Margin	-186.6%	-0.08*	-0.03*	0.00*	0.00*	-0.01*	-0.04*	-0.06*	-0.06*	-0.06*	-0.06*	-0.06*	-0.07*	-	-	-	-	-	-	-	-	-
Net Income	-145.4%	-61.59	-25.10	-16.75	2.00	4.00	30.00	-23.27	-24.85	-24.03	-4.76	122	-27.03	9.00	29.00	-12.86	-24.13	29.00	-14.22	-14.92	-22.05	13.00
Net Income Margin	-191.0%	-0.06*	-0.02*	0.01*	0.01*	-0.01*	-0.03*	-0.05*	0.05*	0.05*	0.07*	0.10*	0.00*	-	-	-	-	-	-	-	-	-
Free Cashflow	3245.6%	54.00	-1.72	13.00	32.00	42.00	24.00	-32.29	-43.04	7.00	1.00	129	19.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.3%	2,183	2,176	2,306	2,310	2,348	2,336	2,382	2,439	2,445	2,475	2,648	2,515	2,530	2,490	2,445	2,451	2,480	2,597	2,651	2,655	2,679
Current Assets	10.9%	575	518	640	662	690	688	701	745	776	807	961	699	634	641	595	592	574	672	660	685	716
Cash Equivalents	179.3%	76.00	27.00	157	169	152	132	148	179	253	279	215	107	94.00	83.00	49.00	43.00	64.00	63.00	90.00	68.00	109
Inventory	-14.5%	207	243	219	237	265	270	243	223	231	206	195	296	171	257	249	275	251	291	299	347	304
Net PPE	-5.1%	1,075	1,132	1,152	1,144	1,151	1,132	1,165	1,173	1,146	1,133	1,161	1,249	1,178	1,263	1,267	1,284	1,316	1,327	1,370	1,366	1,364
Current Liabilities	12.4%	376	334	410	321	354	341	378	378	355	313	334	310	293	301	305	313	286	313	330	329	370
Long Term Debt	3.0%	752	730	753	831	839	851	870	893	891	924	1,064	1,065	1,067	1,062	1,061	1,063	1,063	1,212	1,215	1,208	1,173
LT Debt, Current	-	-	-	-	-	-	22.00	35.00	33.00	38.00	22.00	17.00	17.00	17.00	16.00	14.00	12.00	19.00	21.00	22.00	15.00	15.00
Shareholder's Equity	-5.0%	746	786	814	831	829	780	761	787	814	785	787	659	695	700	649	640	683	639	667	680	707
Retained Earnings	-14.2%	373	434	459	476	474	471	441	464	489	513	518	396	423	414	385	398	422	394	411	433	463
Additional Paid-In Capital	0.3%	419	418	416	414	418	417	415	411	409	405	404	403	405	405	404	401	399	399	397	398	399
Accumulated Depreciation	-100.0%	-	1,793	1,769	1,754	1,722	1,703	1,679	1,663	1,642	1,638	1,623	1,633	1,578	1,581	1,548	1,515	1,482	1,471	1,443	1,418	1,386
Shares Outstanding	0.1%	65.00	65.00	65.00	65.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	270	-	-	-	165	-	-	-	404	-	-	-	143	-	-	-	314	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	3245.6%	54,135	-1,721	32,471	51,389	61,365	43,730	-12,762	-23,520	26,325	20,480	148,204	38,215	61,395	52,004	23,817	-12,746	17,846	5,762	45,170	-26,874	86,582
Share Based Compensation	-42.4%	1,146	1,990	1,893	1,478	963	1,959	4,469	2,259	3,479	1,303	1,004	-687	-396	2,000	3,000	1,943	366	2,000	476	4,000	2,861
Cashflow From Investing	23.3%	-31,663	-41,295	-32,975	-21,348	-24,443	-26,430	1,866	-45,167	-32,128	174,338	-36,307	-20,512	-35,002	-20,222	-10,015	-12,582	135,914	-23,515	-28,519	-31,378	-39,523
Cashflow From Financing	128.8%	24,825	-86,134	-12,049	-13,589	-22,133	-29,312	-17,256	-4,414	-18,941	-129,902	-4,330	-3,489	-17,234	1,458	-8,982	5,368	-156,433	-5,195	4,839	18,305	-43,604
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,474	5,095	4,028
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	1,420	1.00	18.00	-	438	1,048	5.00	15.00	5,810	24,996

RYAM Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,643,330	$ 1,717,267	$ 1,407,558
Cost of sales	(1,555,176)	(1,594,184)	(1,332,836)
Gross margin	88,154	123,083	74,722
Selling, general and administrative expense	(75,712)	(91,475)	(75,789)
Foreign exchange gain (loss)	(2,999)	4,726	875
Asset impairment	(62,300)	0	0
Other operating expense, net (Note 18)	(12,407)	(10,199)	(10,253)
Operating income (loss)	(65,264)	26,135	(10,445)
Interest expense	(73,810)	(66,183)	(66,394)
Components of pension and OPEB, excluding service costs (Note 17)	98	4,960	(4,337)
Gain (loss) on GreenFirst equity securities (Note 3)	0	5,197	(3,597)
Other income, net	6,502	6,069	1,901
Loss from continuing operations before income tax	(132,474)	(23,822)	(82,872)
Income tax (expense) benefit (Note 19)	32,311	(902)	34,688
Equity in loss of equity method investment	(1,984)	(2,653)	(1,585)
Loss from continuing operations	(102,147)	(27,377)	(49,769)
Income from discontinued operations, net of tax (Note 3)	312	12,458	116,183
Net income (loss)	$ (101,835)	$ (14,919)	$ 66,414
Basic and Diluted earnings per common share (Note 15)
Loss from continuing operations-basic (in dollars per share)	$ (1.57)	$ (0.42)	$ (0.78)
Loss from continuing operations-diluted (in dollars per share)	(1.57)	(0.42)	(0.78)
Income from discontinued operations-basic (in dollars per share)	0	0.19	1.83
Income from discontinued operations-diluted (in dollars per share)	0	0.19	1.83
Net income (loss)-basic (in dollars per share)	(1.57)	(0.23)	1.05
Net income (loss)-diluted (in dollars per share)	$ (1.57)	$ (0.23)	$ 1.05

RYAM Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 75,768	$ 151,803
Accounts receivable, net (Note 5)	197,457	211,526
Inventory (Note 6)	207,474	265,334
Income tax receivable (Note 19)	19,455	1,196
Prepaid and other current assets	74,904	59,671
Total current assets	575,058	689,530
Property, plant and equipment, net (Note 7)	1,075,105	1,151,268
Deferred tax assets (Note 19)	345,181	322,164
Intangible assets, net (Note 2)	17,414	24,423
Other assets	169,942	160,143
Total assets	2,182,700	2,347,528
Current liabilities
Accounts payable	186,226	163,962
Accrued and other current liabilities (Note 8)	154,488	164,369
Debt due within one year (Note 9)	25,283	14,617
Current environmental liabilities (Note 10)	9,833	10,732
Total current liabilities	375,830	353,680
Long-term debt (Note 9)	752,174	838,508
Non-current environmental liabilities (Note 10)	160,458	159,949
Pension and other postretirement benefits (Note 17)	101,493	119,571
Deferred tax liabilities (Note 19)	15,190	17,021
Other liabilities	31,108	29,486
Commitments and contingencies (Note 21)
Stockholders’ equity (Note 13)
Common stock: 140,000,000 shares authorized at $0.01 par value, 65,393,014 and 64,020,761 issued and outstanding, respectively	654	640
Additional paid-in capital	419,122	418,048
Retained earnings	372,588	474,423
Accumulated other comprehensive loss (Note 14)	(45,917)	(63,798)
Total stockholders’ equity	746,447	829,313
Total liabilities and stockholders’ equity	$ 2,182,700	$ 2,347,528

About Rayonier Advanced Materials Inc

Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers. The company also offers commodity products, such as commodity viscose pulp used in woven applications, including rayon textiles for clothing and other fabrics, as well as in non-woven applications comprising baby wipes, cosmetic and personal wipes, industrial wipes, and mattress ticking; and absorbent materials consisting of fluff fibers that are used as an absorbent medium in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and non-woven fabrics. In addition, it provides paperboards for packaging, printing documents, brochures, promotional materials, paperback books and catalog covers, file folders, tags, and lottery tickets; and high-yield pulps to produce paperboard and packaging products, printing and writing papers, and various other paper products. The company was founded in 1926 and is headquartered in Jacksonville, Florida.

CEO	Mr. De Lyle W. Bloomquist
WEBSITE	https://ryam.com
INDUSTRY	Chemicals
EMPLOYEES	2500

Rayonier Advanced Materials Inc Frequently Asked Questions

What is the ticker symbol for Rayonier Advanced Materials Inc? What does RYAM stand for in stocks?

RYAM is the stock ticker symbol of Rayonier Advanced Materials Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rayonier Advanced Materials Inc (RYAM)?

As of Mon Apr 15 2024, market cap of Rayonier Advanced Materials Inc is 290.37 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RYAM stock?

You can check RYAM's fair value in chart for subscribers.

What is the fair value of RYAM stock?

You can check RYAM's fair value in chart for subscribers. The fair value of Rayonier Advanced Materials Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rayonier Advanced Materials Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RYAM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rayonier Advanced Materials Inc a good stock to buy?

The fair value guage provides a quick view whether RYAM is over valued or under valued. Whether Rayonier Advanced Materials Inc is cheap or expensive depends on the assumptions which impact Rayonier Advanced Materials Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RYAM.

What is Rayonier Advanced Materials Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, RYAM's PE ratio (Price to Earnings) is -2.85 and Price to Sales (PS) ratio is 0.18. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RYAM PE ratio will change depending on the future growth rate expectations of investors.