| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 39 | 29.8x | 17.8x | Bottom tier | |
Growth | 45 | 12.2% | 7.1% | Around median | |
Quality | 78 | 10.8% | 4.5% | Top tier | |
Safety | 35 | 4.5x | 2.6x | Bottom tier | |
Capital Return | 63 | 3.89% | 2.12% | Around median | |
Momentum | 86 | 21.7% | 2.9% | Top tier | |
Sentiment | 68 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Ryman Hospitality Properties is a real estate investment trust focused on upscale convention center resorts, with a portfolio that includes properties under the Gaylord and JW Marriott brands. The hospitality business relies on room revenue, room rates, group meetings, and catering spending, while Opry Entertainment Group adds revenue from festivals, concerts, and Ole Red and Category 10 venues. The company works to increase booking value and spending per guest by attracting higher-priced groups and rotating customers among its resorts.
In Q2 of fiscal 2026, revenue reached $749.0 million, up 13.6% year over year, while gross profit reached $364.9 million, representing a gross margin of approximately 48.7%. Net income was $92.8 million, equivalent to a net margin of approximately 12.4%, and earnings per share were $1.42, exceeding the analyst estimate of $1.31; funds from operations were also $2.77 per share versus the Zacks estimate of $2.56.
Momentum came from both sides of the portfolio: revenue per available room and total revenue per available room in the comparable hospitality portfolio exceeded management's expectations by approximately 2.5 points each, while adjusted earnings before interest, taxes, depreciation, and amortization exceeded its expectations by approximately $7 million. In entertainment, adjusted earnings before interest, taxes, depreciation, and amortization rose approximately 30% year over year to a quarterly record, supported by Southern Entertainment festivals and Ole Red and Category 10 venues.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is "Buy," with an average price target of $133.86 and a wide range of $112 to $147; the average is approximately 2.6% below the 52-week range high of $137.46, while the highest target exceeds that high by approximately 6.9%. The 52-week range extends from $83.82 to $137.46, and the data does not include a valid price-to-earnings ratio, so the valuation assessment is based on the dispersion of targets and the company's ability to balance booking growth and the Grande Lakes Orlando transaction with new debt and share dilution.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Revenue in Q2 of fiscal 2026 reached approximately $749.0 million, up 13.6% year over year, and net income was $92.8 million. Earnings per share reached $1.42 versus the analyst estimate of $1.31, while funds from operations were $2.77 per share versus the Zacks estimate of $2.56. The outperformance came from higher group guest rates and catering spending, alongside strong entertainment performance. Adjusted earnings before interest, taxes, depreciation, and amortization for the comparable hospitality portfolio exceeded management's expectations by approximately $7 million.
The company booked more than 768 thousand total group room nights in Q2 of fiscal 2026, up 6.7% year over year. The average daily rate for these bookings reached approximately $310, a quarterly record and an increase of 8.6%. At the end of July 2026, booked group room revenue for all future periods was up 8.8% from the prior year. Corporate customers also accounted for more than half of the room nights booked during the quarter, consistent with the strategy of attracting higher-value groups.
Ryman announced on August 10, 2026, a definitive agreement to acquire Grande Lakes Orlando for $1.38 billion. The complex includes the JW Marriott and Ritz-Carlton hotels, with a total of 1,592 rooms, as well as a golf course, across 409 acres. The company expects the transaction to be accretive to adjusted funds from operations per share in 2027. The company financed part of the transaction with $700 million of senior notes carrying a 6.250% interest rate and a public offering that included 5,865,000 shares of common stock.
The average daily rate for group guests rose 7.5% year over year in Q2 of fiscal 2026, exceeding management's expectations by approximately 3 percentage points. Catering spending per group room night increased approximately 13%, while Gaylord Palms achieved a 63% increase in this metric, supported by 31% growth in higher-priced corporate group room nights. The comparable portfolio's revenue per available room index reached approximately 130% of fair share during the twelve months ended June 2026. Management attributes these results to property investments and the strategy of raising group rates across corporate, association, and SMERF segments.
The consolidated net debt-to-adjusted earnings before interest, taxes, depreciation, and amortization ratio was 4.2 times at the end of Q2 of fiscal 2026. The financing of Grande Lakes Orlando added $700 million of senior notes carrying an annual interest rate of 6.250% and maturing in 2035. The company also raised its fiscal 2026 capital expenditure forecast to $400–500 million, an increase of approximately $50 million at the midpoint. In contrast, management reported approximately $1.3 billion of available liquidity and no amounts drawn on the company's and OEG's revolving credit facilities at the end of the quarter.
Management disclosed on August 7, 2026, that the board of directors, with advice from Morgan Stanley, continued to evaluate potential investors or partners to give Opry Entertainment Group greater independence while Ryman remains a shareholder. The company had not entered into any agreement regarding a third-party investment, and there is no assurance that a definitive agreement will be reached. Operationally, the business's adjusted earnings before interest, taxes, depreciation, and amortization rose approximately 30% year over year to a quarterly record in Q2 of fiscal 2026. Support included the performance of Southern Entertainment festivals and Ole Red and Category 10 venues, and in June 2026, Category 10 Nashville recorded the highest monthly revenue among the Ole Red and Category 10 venues in the portfolio.
