ICLTF (GreenFirst Forest Products) Cyclically Adjusted Book per Share: $0.00 (As of Jun. 2026)

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ICLTF GreenFirst Forest Products Inc ICLTF
44 GF Score
Price $1.40
GF Value $1.84
Valuation Modestly Undervalued
! 7 Warning Signs
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What is GreenFirst Forest Products Cyclically Adjusted Book per Share?

GreenFirst Forest Products ICLTF 44 Cyclically Adjusted Book per Share is $0.00 as of Jun. 2026. GuruFocus rates ICLTF with a GF Score™ of 44/100 and a GF Value™ of $1.84 (Modestly Undervalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

GreenFirst Forest Products's adjusted book value per share for the three months ended in Jun. 2026 was $1.419. 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 $0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, GreenFirst Forest Products's average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of GreenFirst Forest Products was 19.60% per year. The lowest was -5.60% per year. And the median was -0.20% per year.

As of today (2026-08-19), GreenFirst Forest Products's current stock price is $1.40. GreenFirst Forest Products's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.00. GreenFirst Forest Products's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GreenFirst Forest Products was 5.86. The lowest was 0.23. And the median was 1.26.


GreenFirst Forest Products  (OTCPK:ICLTF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GreenFirst Forest Products was 5.86. The lowest was 0.23. And the median was 1.26.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


GreenFirst Forest Products Cyclically Adjusted Book per Share Related Terms


GreenFirst Forest Products Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for GreenFirst Forest Products's Cyclically Adjusted Book per Share 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.

GreenFirst Forest Products Cyclically Adjusted Book per Share Chart

GreenFirst Forest Products Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.23 3.99 4.61 4.70 4.84

GreenFirst Forest Products Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 5.11 5.27 4.84 5.00 0.00

ICLTF vs SSD, UFPI, BCC: Cyclically Adjusted Book per Share Comparison

For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.


GreenFirst Forest Products Cyclically Adjusted PB Ratio vs Forest Products Industry

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

* The bar in red indicates where GreenFirst Forest Products's Cyclically Adjusted PB Ratio falls into.


ICLTF
44GF Score
GreenFirst Forest Products Inc ICLTF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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GreenFirst Forest Products Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, GreenFirst Forest Products's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.419/133.5265*133.5265
=1.419

Current CPI (Jun. 2026) = 133.5265.

GreenFirst Forest Products Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.036 101.765 2.671
201612 3.506 101.449 4.615
201703 3.403 102.634 4.427
201706 2.851 103.029 3.695
201709 3.594 103.345 4.644
201712 3.520 103.345 4.548
201803 3.239 105.004 4.119
201806 3.175 105.557 4.016
201809 2.536 105.636 3.206
201812 1.949 105.399 2.469
201903 1.931 106.979 2.410
201906 2.117 107.690 2.625
201909 2.016 107.611 2.501
201912 1.960 107.769 2.428
202003 1.967 107.927 2.434
202006 1.937 108.401 2.386
202009 1.880 108.164 2.321
202012 1.715 108.559 2.109
202103 1.524 110.298 1.845
202106 1.374 111.720 1.642
202109 9.476 112.905 11.207
202112 9.883 113.774 11.599
202203 11.420 117.646 12.962
202206 12.492 120.806 13.807
202209 10.947 120.648 12.116
202212 9.063 120.964 10.004
202303 8.376 122.702 9.115
202306 8.201 124.203 8.817
202309 8.127 125.230 8.665
202312 7.573 125.072 8.085
202403 6.796 126.258 7.187
202406 6.179 127.522 6.470
202409 6.716 127.285 7.045
202412 4.522 127.364 4.741
202503 4.542 129.181 4.695
202506 4.492 129.892 4.618
202509 2.612 130.287 2.677
202512 1.899 130.366 1.945
202603 1.267 132.262 1.279
202606 1.419 133.527 1.419

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

What does a Cyclically Adjusted Book per Share of $0.00 mean?
GreenFirst Forest Products (ICLTF) has a Cyclically Adjusted Book per Share of $0.00 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on GreenFirst Forest Products and its competitors.
Is GreenFirst Forest Products' Cyclically Adjusted Book per Share too high?
GreenFirst Forest Products' current Cyclically Adjusted Book per Share is $0.00. Overall, GreenFirst Forest Products has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GreenFirst Forest Products' Cyclically Adjusted Book per Share compare to SSD and UFPI?
GreenFirst Forest Products' Cyclically Adjusted Book per Share of $0.00 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Forest Products company?
A good Cyclically Adjusted Book per Share depends on the Forest Products industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on GreenFirst Forest Products and its competitors. GreenFirst Forest Products's current Cyclically Adjusted Book per Share is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GreenFirst Forest Products stock overvalued right now?
Based on GuruFocus' analysis, GreenFirst Forest Products (ICLTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.84, compared to a current price of $1.40 — trading 23.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is $0.00. GreenFirst Forest Products' overall GF Score™ is 44/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For GreenFirst Forest Products (ICLTF), the current Cyclically Adjusted Book per Share is $0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GreenFirst Forest Products (ICLTF) Overvalued in 2026?

Based on GuruFocus' analysis, GreenFirst Forest Products stock appears to be undervalued. The current stock price of $1.40 is trading 23.9% below its estimated GF Value™ of $1.84. GuruFocus considers GreenFirst Forest Products to be Modestly Undervalued.

Key valuation signals for ICLTF:

  • Cyclically Adjusted Book per Share: $0.00
  • GF Value™: $1.84 vs. price of $1.40 (23.9% below fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the ICLTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GreenFirst Forest Products Business Description

Other Exchanges IMT1:GermanyGFP:Canada
Address 222 McIntyre Street West, Unit 200, North Bay, ON, CAN, P1B 2Y8
GreenFirst Forest Products Inc operates as a forest products business consisting of four operating sawmills located in Ontario. The company manufactures and markets a range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction, with by-products from production sold to pulp producers. It operates in a single operating segment, being lumber products. The group's geographic markets are Canada and the United States, with the majority of revenue derived from the United States. The company generates almost all of its revenue from the sale of Lumber products and a small portion of its revenue from the sale of Chips, by-products, and other.
44GF Score

Get the complete analysis for ICLTF

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.40
Price
$1.84
GF Value