Of course it is right:

"Existence is reasonable", Hegel's "sage saying", many people are confused by it, but they don't ask for a clear explanation, thinking that Hegel's sentence means It means: Everything that exists is naturally rational, and "existence" is a necessary and sufficient condition for "reasonableness" (value judgment).

As everyone knows, this misunderstanding probably comes from the fallacy of the translators of older versions of Hegel's works. If I remember correctly, in the "Little Logic" and "Legal Philosophy" I read two years ago, the translation is: "Everything that is rational is realistic, and everything that is realistic is rational."