BLRDF (Billerud AB) Cyclically Adjusted PB Ratio: 0.55 (As of Jul. 08, 2026) — 73% Below Median


BLRDF Billerud AB BLRDF
59 GF Score
Price $6.23
GF Value $9.75
Valuation Possible Value Trap
! 6 Warning Signs
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What is Billerud AB Cyclically Adjusted PB Ratio?

Billerud AB BLRDF 59 Cyclically Adjusted PB Ratio is 0.55 as of Jul. 08, 2026, which is 73% below its 10-year median of 2.00. GuruFocus rates BLRDF with a GF Score™ of 59/100 and a GF Value™ of $9.75 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 244 Forest Products companies, Billerud AB ranks better than 57.38% on this metric.

As of today (2026-07-08), Billerud AB's current share price is $6.23. Billerud AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.42. Billerud AB's Cyclically Adjusted PB Ratio for today is 0.55.

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

BLRDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 2   Max: 3.61
Current: 0.63

During the past years, Billerud AB's highest Cyclically Adjusted PB Ratio was 3.61. The lowest was 0.61. And the median was 2.00.

BLRDF's Cyclically Adjusted PB Ratio is ranked better than
57.38% of 244 companies
in the Forest Products industry
Industry Median: 0.77 vs BLRDF: 0.63

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.

Billerud AB's adjusted book value per share data for the three months ended in Mar. 2026 was $11.995. 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 $11.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Billerud AB  (OTCPK:BLRDF) 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.


Billerud AB Cyclically Adjusted PB Ratio Related Terms


Billerud AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Billerud AB'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.

Billerud AB Cyclically Adjusted PB Ratio Chart

Billerud AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 1.57 1.14 1.06 0.94

Billerud AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.07 1.00 0.85 0.94 0.72

BLRDF vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


BLRDF
59GF Score
Billerud AB BLRDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Billerud AB 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.

Billerud AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.23/11.42
=0.55

* 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.

Billerud AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Billerud AB's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=11.995/133.5600*133.5600
=11.995

Current CPI (Mar. 2026) = 133.5600.

Billerud AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.626 101.019 8.760
201609 6.716 101.138 8.869
201612 6.362 102.022 8.329
201703 6.771 102.022 8.864
201706 6.708 102.752 8.719
201709 7.578 103.279 9.800
201712 7.408 103.793 9.533
201803 7.818 103.962 10.044
201806 6.865 104.875 8.743
201809 7.012 105.679 8.862
201812 7.164 105.912 9.034
201903 7.069 105.886 8.917
201906 6.541 106.742 8.184
201909 8.955 107.214 11.156
201912 9.295 107.766 11.520
202003 8.764 106.563 10.984
202006 9.133 107.498 11.347
202009 9.653 107.635 11.978
202012 10.391 108.296 12.815
202103 10.344 108.360 12.750
202106 10.255 108.928 12.574
202109 10.270 110.338 12.431
202112 9.929 112.486 11.789
202203 10.098 114.825 11.746
202206 10.890 118.384 12.286
202209 11.014 122.296 12.028
202212 11.350 126.365 11.996
202303 11.195 127.042 11.769
202306 10.158 129.407 10.484
202309 10.072 130.224 10.330
202312 10.569 131.912 10.701
202403 10.625 132.205 10.734
202406 10.406 132.716 10.472
202409 10.691 132.304 10.792
202412 10.607 132.987 10.653
202503 11.401 132.825 11.464
202506 11.610 133.699 11.598
202509 11.839 133.480 11.846
202512 12.003 133.390 12.018
202603 11.995 133.560 11.995

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.

What does a Cyclically Adjusted PB Ratio of 0.55 mean?
Billerud AB (BLRDF) has a Cyclically Adjusted PB Ratio of 0.55 as of Jul. 08, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Billerud AB and its competitors. This is 73% below median its historical median of 2.00. Over the past decade, Billerud AB's Cyclically Adjusted PB Ratio has ranged from 0.61 to 3.61. According to the industry distribution chart, Billerud AB ranks #104 out of 244 companies in the Forest Products industry, placing it in the top 42.6%.
Is Billerud AB's Cyclically Adjusted PB Ratio too high?
Billerud AB's current Cyclically Adjusted PB Ratio of 0.55 is 73% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 3.61. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.77. Billerud AB's value of 0.55 is 28.6% below this industry median. Based on the distribution chart, Billerud AB ranks #104 out of 244 companies in the Forest Products industry, which is above the industry midpoint. Overall, Billerud AB has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #104 out of 244 companies for Cyclically Adjusted PB Ratio. This puts Billerud AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Billerud AB's value of 0.55 is 28.6% below this benchmark. Historically, Billerud AB's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 3.61 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 0.77, Billerud AB has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.77, based on 244 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Billerud AB's current Cyclically Adjusted PB Ratio of 0.55 is 28.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Billerud AB and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current Cyclically Adjusted PB Ratio is 0.55, which is 73% below median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (BLRDF) is currently considered Possible Value Trap. The stock's GF Value™ is $9.75, compared to a current price of $6.23 — trading 36.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.55, which is 73% below median its 10-year median of 2.00 and 28.6% below the Forest Products industry median of 0.77. Billerud AB's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Billerud AB (BLRDF), the current Cyclically Adjusted PB Ratio is 0.55 as of Jul. 08, 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 Billerud AB (BLRDF) Overvalued in 2026?

Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued. The current stock price of $6.23 is trading 36.1% below its estimated GF Value™ of $9.75. GuruFocus considers Billerud AB to be Possible Value Trap.

Key valuation signals for BLRDF:

  • Cyclically Adjusted PB Ratio: 0.55 (73% below median its 10-year median of 2.00)
  • GF Value™: $9.75 vs. price of $6.23 (36.1% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 28.6% below the Forest Products median (#104 of 244)

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


Billerud AB Business Description

Address Evenemangsgatan 17, P.O. Box 703, Solna, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
59GF Score

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

$6.23
Price
$9.75
GF Value