CFPZF (Canfor) Cyclically Adjusted PB Ratio: 0.59 (As of Jul. 15, 2026) — 55% Below Median

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.

CFPZF Canfor Corp CFPZF
72 GF Score
Price $10.45
GF Value $10.97
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Canfor Cyclically Adjusted PB Ratio?

Canfor CFPZF +9.50% 72 Cyclically Adjusted PB Ratio is 0.59 as of Jul. 15, 2026, which is 55% below its 10-year median of 1.32. GuruFocus rates CFPZF with a GF Score™ of 72/100 and a GF Value™ of $10.97 (Fairly Valued). The stock has 9 warning signs investors should review. Among 243 Forest Products companies, Canfor ranks better than 59.26% on this metric.

As of today (2026-07-15), Canfor's current share price is $10.454. Canfor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $17.74. Canfor's Cyclically Adjusted PB Ratio for today is 0.59.

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

CFPZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.32   Max: 3.11
Current: 0.59

During the past years, Canfor's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 0.46. And the median was 1.32.

CFPZF's Cyclically Adjusted PB Ratio is ranked better than
59.26% of 243 companies
in the Forest Products industry
Industry Median: 0.77 vs CFPZF: 0.59

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.

Canfor's adjusted book value per share data for the three months ended in Mar. 2026 was $15.152. 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 $17.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canfor  (OTCPK:CFPZF) 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.


Canfor Cyclically Adjusted PB Ratio Related Terms


Canfor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Canfor'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.

Canfor Cyclically Adjusted PB Ratio Chart

Canfor 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 2.26 1.21 0.88 0.68 0.49

Canfor 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 0.66 0.60 0.51 0.49 0.56

CFPZF vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Canfor'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.


Canfor Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


CFPZF
72GF Score
Canfor Corp CFPZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canfor 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.

Canfor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.454/17.74
=0.59

* 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.

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

For example, Canfor'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)
=15.152/132.2623*132.2623
=15.152

Current CPI (Mar. 2026) = 132.2623.

Canfor Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.696 102.002 9.979
201609 8.166 101.765 10.613
201612 8.375 101.449 10.919
201703 8.821 102.634 11.367
201706 9.132 103.029 11.723
201709 10.036 103.345 12.844
201712 10.540 103.345 13.489
201803 11.229 105.004 14.144
201806 12.154 105.557 15.229
201809 12.785 105.636 16.008
201812 12.223 105.399 15.338
201903 10.983 106.979 13.579
201906 10.631 107.690 13.057
201909 10.034 107.611 12.333
201912 9.978 107.769 12.246
202003 9.341 107.927 11.447
202006 9.968 108.401 12.162
202009 11.366 108.164 13.898
202012 13.763 108.559 16.768
202103 16.421 110.298 19.691
202106 21.489 111.720 25.440
202109 22.280 112.905 26.100
202112 21.864 113.774 25.417
202203 25.246 117.646 28.383
202206 27.158 120.806 29.733
202209 27.096 120.648 29.704
202212 25.669 120.964 28.067
202303 24.625 122.702 26.544
202306 24.559 124.203 26.153
202309 24.306 125.230 25.671
202312 23.930 125.072 25.306
202403 23.412 126.258 24.525
202406 22.127 127.522 22.950
202409 20.237 127.285 21.028
202412 19.632 127.364 20.387
202503 19.630 129.181 20.098
202506 19.009 129.892 19.356
202509 18.055 130.287 18.329
202512 15.605 130.366 15.832
202603 15.152 132.262 15.152

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 0.59 mean?
Canfor (CFPZF) has a Cyclically Adjusted PB Ratio of 0.59 as of Jul. 15, 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 Canfor and its competitors. This is 55% below median its historical median of 1.32. Over the past decade, Canfor's Cyclically Adjusted PB Ratio has ranged from 0.46 to 3.11. According to the industry distribution chart, Canfor ranks #99 out of 243 companies in the Forest Products industry, placing it in the top 40.7%.
Is Canfor's Cyclically Adjusted PB Ratio too high?
Canfor's current Cyclically Adjusted PB Ratio of 0.59 is 55% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 3.11. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.77. Canfor's value of 0.59 is 23.4% below this industry median. Based on the distribution chart, Canfor ranks #99 out of 243 companies in the Forest Products industry, which is above the industry midpoint. Overall, Canfor has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canfor's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Canfor ranks #99 out of 243 companies for Cyclically Adjusted PB Ratio. This puts Canfor in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Canfor's value of 0.59 is 23.4% below this benchmark. Historically, Canfor's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 3.11 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 0.77, Canfor 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 243 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. Canfor's current Cyclically Adjusted PB Ratio of 0.59 is 23.4% 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 Canfor 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. Canfor's current Cyclically Adjusted PB Ratio is 0.59, which is 55% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canfor stock overvalued right now?
Based on GuruFocus' analysis, Canfor (CFPZF) is currently considered Fairly Valued. The stock's GF Value™ is $10.97, compared to a current price of $10.45 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.59, which is 55% below median its 10-year median of 1.32 and 23.4% below the Forest Products industry median of 0.77. Canfor's overall GF Score™ is 72/100 with 9 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 Canfor (CFPZF), the current Cyclically Adjusted PB Ratio is 0.59 as of Jul. 15, 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 Canfor (CFPZF) Overvalued in 2026?

Based on GuruFocus' analysis, Canfor stock appears to be undervalued. The current stock price of $10.45 is trading 4.7% below its estimated GF Value™ of $10.97. GuruFocus considers Canfor to be Fairly Valued.

Key valuation signals for CFPZF:

  • Cyclically Adjusted PB Ratio: 0.59 (55% below median its 10-year median of 1.32)
  • GF Value™: $10.97 vs. price of $10.45 (4.7% below fair value)
  • GF Score™: 72/100 with 9 warning signs
  • Industry Position: 23.4% below the Forest Products median (#99 of 243)

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


Canfor Business Description

Other Exchanges NKC:GermanyCFP:Canada
Address 101-161 East 4th Avenue, Vancouver, BC, CAN, V5T 1G4
Canfor is a softwood lumber company that also owns Canfor Pulp Products. It is active throughout North America and Europe, with lumber mills in British Columbia, Alberta, the Southeastern United States, and Sweden. It has two reportable segments: lumber and pulp and paper. The lumber segment includes Canfor's sawmilling and remanufacturing operations. The pulp and paper segment includes the kraft pulp, kraft paper, and bleached chemi-thermomechanical pulp businesses of Canfor Pulp.
72GF Score

Get the complete analysis for CFPZF

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

$10.45
Price
$10.97
GF Value