Stock fact sheet · data as of
Ryman Hospitality Properties, Inc. (RHP): fair value, margin of safety and Wheel Score
Real Estate · REIT - Hotel & Motel · United States · High Growth
Is RHP undervalued?
RHP closed at 122.83 on 16 Oct 2026 against a GLS average fair value of 133.99 - 8.3% below fair value, which our screens read as "fairly priced". 5 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
The 9 models disagree widely: Graham Number gives 33.90 while GLS Growth gives 263.78. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files RHP under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for RHP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 211.57 | +72% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 33.90 | -72% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 193.91 | +58% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 80.85 | -34% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 263.78 | +115% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 131.09 | +7% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 172.32 | +40% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 70.63 | -42% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 47.87 | -61% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -64.73 | -153% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 134.88 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - RHP passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 4.8%, ROE 32.5%, ROA 3.9% - with debt at 5.72 times equity and a free-cash-flow yield of 3.3%. Debt of 5.72 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 3.91% at a payout ratio of 110%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Hotel Food And Beverage Banquets 29%, Hotel Group Rooms 23%, Hotel Food And Beverage Outlets 11% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 4.8% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 32.5% |
| Debt / equity | 5.72 | ROA | 3.9% |
| Free-cash-flow yield | 3.3% | Payout ratio | 110% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 68: Good
RHP scores 68 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 16/25), Piotroski health (11/20), the GLS moat (6/15), the option premium on offer (19/20) and how easily the stock trades (16/20). Moat (6/15) is the part holding the score back.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (19 of 20 points). Chain open interest is thin - 1,742 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 532k shares a day on a market cap of $8.4B, with a beta of 1.23 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 16 / 25 | 8% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 6 / 15 | moat 3.7/10 | |
| Premium | 19 / 20 | implied volatility 34% | |
| Stability | 16 / 20 | 532k shares/day, $8.4B cap, beta 1.23 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Nov 2026 (after the close), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Hotel & Motel
The 12 companies below are the closest to Ryman Hospitality Properties, Inc. by market cap within the REIT - Hotel & Motel industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HST Host Hotels & Resorts, Inc. | 23.85 | 21.56 | -11% | 67Good | $16.3B |
| APLE Apple Hospitality REIT, Inc. | 16.86 | 17.08 | +1% | 67Good | $4.0B |
| PK Park Hotels & Resorts Inc. | 15.15 | 14.96 | -1% | 45Weak | $3.1B |
| DRH DiamondRock Hospitality Company | 13.28 | 9.32 | -43% | 58Fair | $2.7B |
| PEB Pebblebrook Hotel Trust | 19.11 | 37.02 | +48% | 45Weak | $2.2B |
| SHO Sunstone Hotel Investors, Inc. | 11.51 | 10.57 | -9% | 63Fair | $2.1B |
| RLJ RLJ Lodging Trust | 11.38 | 10.77 | -6% | 63Fair | $1.7B |
| XHR Xenia Hotels & Resorts, Inc. | 18.32 | 29.26 | +37% | 45Weak | $1.7B |
| SVC Service Properties Trust | 5.85 | 97.79 | +94% | 45Weak | $758M |
| INN Summit Hotel Properties, Inc. | 6.42 | 35.04 | +82% | 45Weak | $692M |
| CLDT Chatham Lodging Trust | 14.14 | 11.54 | -23% | 52Fair | $658M |
| BHR Braemar Hotels & Resorts Inc. | 1.39 | 34.92 | +96% | 45Weak | $95M |
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Start free See the Sunday ScanQuestions about RHP
Is RHP undervalued right now?
Not meaningfully: at 122.83 the stock trades within a few percent of the GLS average fair value of 133.99 (8.3% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of RHP and what does it mean?
RHP scores 68 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for RHP?
133.99 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Ryman Hospitality Properties, Inc. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does RHP have listed options, and how liquid are they?
Yes. The nightly snapshot found 312 listed contracts with 1,742 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.