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Clearwater Paper (Clearwater Paper) Cyclically Adjusted PB Ratio : 1.43 (As of May. 15, 2024)


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What is Clearwater Paper Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Clearwater Paper's current share price is $51.09. Clearwater Paper's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $35.74. Clearwater Paper's Cyclically Adjusted PB Ratio for today is 1.43.

The historical rank and industry rank for Clearwater Paper's Cyclically Adjusted PB Ratio or its related term are showing as below:

CLW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.1   Max: 3.07
Current: 1.39

During the past years, Clearwater Paper's highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 0.53. And the median was 1.10.

CLW's Cyclically Adjusted PB Ratio is ranked worse than
71.56% of 218 companies
in the Forest Products industry
Industry Median: 0.88 vs CLW: 1.39

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Clearwater Paper's adjusted book value per share data for the three months ended in Mar. 2024 was $41.119. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $35.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clearwater Paper Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Clearwater Paper's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clearwater Paper Cyclically Adjusted PB Ratio Chart

Clearwater Paper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 1.31 1.17 1.12 1.01

Clearwater Paper Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 0.89 1.02 1.01 1.22

Competitive Comparison of Clearwater Paper's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Clearwater Paper's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clearwater Paper's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Clearwater Paper's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Clearwater Paper's Cyclically Adjusted PB Ratio falls into.



Clearwater Paper Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Clearwater Paper's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.09/35.74
=1.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Clearwater Paper's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Clearwater Paper's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=41.119/129.4194*129.4194
=41.119

Current CPI (Mar. 2024) = 129.4194.

Clearwater Paper Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.878 100.560 35.879
201409 27.695 100.428 35.690
201412 25.439 99.070 33.232
201503 24.488 99.621 31.813
201506 25.572 100.684 32.870
201509 25.690 100.392 33.118
201512 26.659 99.792 34.574
201603 27.343 100.470 35.221
201606 28.417 101.688 36.167
201609 28.165 101.861 35.785
201612 28.500 101.863 36.210
201703 28.823 102.862 36.265
201706 29.427 103.349 36.850
201709 29.596 104.136 36.782
201712 34.985 104.011 43.531
201803 35.278 105.290 43.363
201806 35.877 106.317 43.673
201809 38.158 106.507 46.367
201812 25.870 105.998 31.586
201903 26.172 107.251 31.582
201906 26.301 108.070 31.497
201909 25.742 108.329 30.754
201912 26.157 108.420 31.223
202003 26.845 108.902 31.903
202006 28.411 108.767 33.806
202009 29.942 109.815 35.287
202012 31.442 109.897 37.028
202103 32.143 111.754 37.224
202106 29.246 114.631 33.019
202109 29.460 115.734 32.944
202112 30.655 117.630 33.728
202203 31.528 121.301 33.638
202206 32.481 125.017 33.625
202209 33.964 125.227 35.101
202212 34.125 125.222 35.269
202303 34.913 127.348 35.481
202306 36.785 128.729 36.982
202309 39.153 129.860 39.020
202312 40.565 129.419 40.565
202403 41.119 129.419 41.119

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Clearwater Paper  (NYSE:CLW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Clearwater Paper Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Clearwater Paper's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Clearwater Paper (Clearwater Paper) Business Description

Traded in Other Exchanges
Address
601 West Riverside, Suite 1100, Spokane, WA, USA, 99201
Clearwater Paper Corp is engaged in the manufacturing and selling of private label tissue, paperboard, and pulp-based products. The company has two reportable segments namely the consumer products segment which manufactures and sells a complete line of at-home tissue products as well as AFH products. The pulp and paperboard segment manufactures and markets bleached paperboard for the high-end segment of the packaging industry as well as offers services that include custom sheeting, slitting and cutting of paperboard. It generates maximum revenue from Pulp and Paperboard segment. Geographically, it derives maximum revenue from the United States.
Executives
Sherri Baker officer: SVP, CFO 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275
Michael S Gadd officer: Vice President 601 W FIRST AVE., SUITE 1600, SPOKANE WA 99201
Rebecca Anne Barckley officer: VP, Controller 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Michael John Murphy officer: Sr. VP, Finance and CFO KAPSTONE PAPER AND PACKAGING CORPORATION, 1101 SKOKIE BLVD., STE. 300, NORTHBROOK IL 60062
Kari G. Moyes officer: SVP, HR 601 WEST RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201
Steve M Bowden officer: Senior Vice President 601 WEST RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201
Jeanne M Hillman director C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104
Michael J Urlick officer: Sr. VP, GM, CPD 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201
Vickers Tucker Christine M. director 601 W RIVERSIDE AVE. SUITE 1100, SPOKANE WA 99201
Ann C Nelson director 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201
Joanne P. Shufelt officer: SVP, GM, CPD 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201
Linda K Massman officer: Vice President 601 W. FIRST AVE, SUITE 1600, SPOKANE WA 99201
John J Corkrean director 370 WABASHA STREET NORTH, SAINT PAUL MN 55102
Robert G. Hrivnak officer: Sr. VP, Finance and CFO C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345
Arsen S. Kitch officer: Vice President 601 WEST RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201