UPM-Kymmene Oyj (XTER:RPL) Cyclically Adjusted Book per Share: €0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:RPL UPM-Kymmene Oyj XTER:RPL
78 GF Score
Price €24.10
GF Value €25.63
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is UPM-Kymmene Oyj Cyclically Adjusted Book per Share?

UPM-Kymmene Oyj XTER:RPL +2.68% 78 Cyclically Adjusted Book per Share is €0.00 as of Jun. 2026. GuruFocus rates XTER:RPL with a GF Score™ of 78/100 and a GF Value™ of €25.63 (Fairly Valued). The stock has 5 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.

UPM-Kymmene Oyj's adjusted book value per share for the three months ended in Jun. 2026 was €18.857. 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, UPM-Kymmene Oyj's average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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 UPM-Kymmene Oyj was 7.90% per year. The lowest was -0.90% per year. And the median was 2.30% per year.

As of today (2026-07-23), UPM-Kymmene Oyj's current stock price is €24.10. UPM-Kymmene Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.00. UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UPM-Kymmene Oyj was 2.27. The lowest was 1.06. And the median was 1.65.


UPM-Kymmene Oyj  (XTER:RPL) 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 UPM-Kymmene Oyj was 2.27. The lowest was 1.06. And the median was 1.65.


Be Aware

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


UPM-Kymmene Oyj Cyclically Adjusted Book per Share Related Terms


UPM-Kymmene Oyj Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for UPM-Kymmene Oyj'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.

UPM-Kymmene Oyj Cyclically Adjusted Book per Share Chart

UPM-Kymmene Oyj 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 16.88 15.61 16.94 22.31 20.72

UPM-Kymmene Oyj 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 25.69 25.67 20.72 21.08 0.00

XTER:RPL vs SLVM: Cyclically Adjusted Book per Share Comparison

For the Paper & Paper Products subindustry, UPM-Kymmene Oyj'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.


UPM-Kymmene Oyj Cyclically Adjusted PB Ratio vs Forest Products Industry

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

* The bar in red indicates where UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio falls into.


XTER:RPL
78GF Score
UPM-Kymmene Oyj XTER:RPL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UPM-Kymmene Oyj 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, UPM-Kymmene Oyj'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)
=18.857/125.3800*125.3800
=18.857

Current CPI (Jun. 2026) = 125.3800.

UPM-Kymmene Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.746 100.540 18.389
201612 15.434 101.020 19.156
201703 14.918 100.910 18.536
201706 15.136 101.140 18.764
201709 15.613 101.320 19.321
201712 16.238 101.510 20.056
201803 16.827 101.730 20.739
201806 16.367 102.320 20.056
201809 17.211 102.600 21.032
201812 18.360 102.710 22.412
201903 18.837 102.870 22.959
201906 17.910 103.360 21.726
201909 18.280 103.540 22.136
201912 18.867 103.650 22.822
202003 17.905 103.490 21.692
202006 17.498 103.320 21.234
202009 17.537 103.710 21.201
202012 17.533 103.890 21.160
202103 17.065 104.870 20.402
202106 17.623 105.360 20.972
202109 19.077 106.290 22.503
202112 20.337 107.490 23.722
202203 20.113 110.950 22.729
202206 20.575 113.570 22.715
202209 22.352 114.920 24.386
202212 23.442 117.320 25.052
202303 23.417 119.750 24.518
202306 21.242 120.690 22.067
202309 21.422 121.280 22.146
202312 20.927 121.540 21.588
202403 21.417 122.360 21.946
202406 20.100 122.230 20.618
202409 20.254 122.260 20.771
202412 20.886 122.390 21.396
202503 19.288 123.010 19.660
202506 18.958 122.530 19.399
202509 19.072 122.880 19.460
202512 18.966 122.670 19.385
202603 19.478 124.670 19.589
202606 18.857 125.380 18.857

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?
UPM-Kymmene Oyj (XTER:RPL) 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 UPM-Kymmene Oyj and its competitors.
Is UPM-Kymmene Oyj's Cyclically Adjusted Book per Share too high?
UPM-Kymmene Oyj's current Cyclically Adjusted Book per Share is €0.00. Overall, UPM-Kymmene Oyj has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UPM-Kymmene Oyj's Cyclically Adjusted Book per Share compare to SLVM?
UPM-Kymmene Oyj's 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 UPM-Kymmene Oyj and its competitors. UPM-Kymmene Oyj'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 UPM-Kymmene Oyj stock overvalued right now?
Based on GuruFocus' analysis, UPM-Kymmene Oyj (XTER:RPL) is currently considered Fairly Valued. The stock's GF Value™ is €25.63, compared to a current price of €24.10 — trading 6% below its estimated fair value. The current Cyclically Adjusted Book per Share is €0.00. UPM-Kymmene Oyj's overall GF Score™ is 78/100 with 5 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 UPM-Kymmene Oyj (XTER:RPL), 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 UPM-Kymmene Oyj (XTER:RPL) Overvalued in 2026?

Based on GuruFocus' analysis, UPM-Kymmene Oyj stock appears to be undervalued. The current stock price of €24.10 is trading 6% below its estimated GF Value™ of €25.63. GuruFocus considers UPM-Kymmene Oyj to be Fairly Valued.

Key valuation signals for XTER:RPL:

  • Cyclically Adjusted Book per Share: €0.00
  • GF Value™: €25.63 vs. price of €24.10 (6% below fair value)
  • GF Score™: 78/100 with 5 warning signs

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


UPM-Kymmene Oyj Business Description

Address Alvar Aallon katu 1, P.O. Box 380, Helsinki, FIN, FI-00100
UPM-Kymmene Oyj is a Finnish paper and biomaterials company. The company produces products related to the forestry industry, including paper, pulp, and plywood. UPM is also the majority electricity generator in Finland and is one of the globalised producers of self-adhesive labeling materials. It delivers responsible solutions and innovation for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.
78GF Score

Get the complete analysis for XTER:RPL

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

€24.10
Price
€25.63
GF Value