Arctic Paper (CHIX:ARPS) Cyclically Adjusted PB Ratio: 0.44 (As of Aug. 05, 2026) — 39% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CHIX:ARPS Arctic Paper SA CHIX:ARPS
58 GF Score
Price kr52.50
GF Value kr112.82
! 6 Warning Signs
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What is Arctic Paper Cyclically Adjusted PB Ratio?

Arctic Paper CHIX:ARPS 58 Cyclically Adjusted PB Ratio is 0.44 as of Aug. 05, 2026, which is 39% below its 10-year median of 0.72. GuruFocus rates CHIX:ARPS with a GF Score™ of 58/100 and a GF Value™ of kr112.82. The stock has 6 warning signs investors should review. Among 238 Forest Products companies, Arctic Paper ranks better than 73.53% on this metric.

As of today (2026-08-05), Arctic Paper's current share price is kr52.50. Arctic Paper's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr119.27. Arctic Paper's Cyclically Adjusted PB Ratio for today is 0.44.

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

CHIX:ARPs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.72   Max: 1.99
Current: 0.37

During the past years, Arctic Paper's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.26. And the median was 0.72.

CHIX:ARPs's Cyclically Adjusted PB Ratio is ranked better than
73.53% of 238 companies
in the Forest Products industry
Industry Median: 0.735 vs CHIX:ARPs: 0.37

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.

Arctic Paper's adjusted book value per share data for the three months ended in Mar. 2026 was kr50.817. 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 kr119.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arctic Paper  (CHIX:ARPs) 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.


Arctic Paper Cyclically Adjusted PB Ratio Related Terms


Arctic Paper Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arctic 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.

Arctic Paper Cyclically Adjusted PB Ratio Chart

Arctic Paper 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 0.81 1.57 1.58 0.99 0.48

Arctic Paper 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 0.97 0.66 0.50 0.48 0.44

CHIX:ARPS vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Arctic 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.


Arctic Paper Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


CHIX:ARPS
58GF Score
Arctic Paper SA CHIX:ARPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arctic 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.50/119.27
=0.44

* 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.

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

For example, Arctic Paper'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)
=50.817/163.0700*163.0700
=50.817

Current CPI (Mar. 2026) = 163.0700.

Arctic Paper Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.286 99.552 29.953
201609 19.127 99.064 31.485
201612 20.017 100.366 32.523
201703 19.560 101.018 31.575
201706 19.707 101.180 31.761
201709 20.975 101.343 33.751
201712 20.234 102.564 32.171
201803 21.009 102.564 33.403
201806 21.586 103.378 34.050
201809 22.338 103.378 35.236
201812 21.236 103.785 33.367
201903 20.727 104.274 32.414
201906 21.583 105.983 33.209
201909 22.747 105.983 35.000
201912 22.351 107.123 34.024
202003 22.359 109.076 33.427
202006 24.042 109.402 35.836
202009 25.978 109.320 38.751
202012 27.619 109.565 41.107
202103 28.359 112.658 41.049
202106 28.567 113.960 40.878
202109 31.019 115.588 43.761
202112 33.591 119.088 45.997
202203 39.371 125.031 51.349
202206 51.215 131.705 63.411
202209 62.880 135.531 75.657
202212 58.467 139.113 68.536
202303 58.501 145.950 65.363
202306 49.798 147.009 55.239
202309 51.668 146.113 57.664
202312 53.157 147.741 58.672
202403 53.768 149.044 58.828
202406 52.405 150.997 56.595
202409 53.508 153.439 56.867
202412 53.594 154.660 56.508
202503 54.026 157.021 56.107
202506 52.165 157.509 54.007
202509 52.816 158.000 54.511
202512 52.129 158.320 53.693
202603 50.817 163.070 50.817

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 0.44 mean?
Arctic Paper (CHIX:ARPS) has a Cyclically Adjusted PB Ratio of 0.44 as of Aug. 05, 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 Arctic Paper and its competitors. This is 39% below median its historical median of 0.72. Over the past decade, Arctic Paper's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.99. According to the industry distribution chart, Arctic Paper ranks #63 out of 238 companies in the Forest Products industry, placing it in the top 26.5%.
Is Arctic Paper's Cyclically Adjusted PB Ratio too high?
Arctic Paper's current Cyclically Adjusted PB Ratio of 0.44 is 39% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.99. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. Arctic Paper's value of 0.44 is 40.1% below this industry median. Based on the distribution chart, Arctic Paper ranks #63 out of 238 companies in the Forest Products industry, which is above the industry midpoint. Overall, Arctic Paper has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Arctic Paper's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Arctic Paper ranks #63 out of 238 companies for Cyclically Adjusted PB Ratio. This puts Arctic Paper in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.74. Arctic Paper's value of 0.44 is 40.1% below this benchmark. Historically, Arctic Paper's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.99 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.74, Arctic Paper 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 0.74, based on 238 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. Arctic Paper's current Cyclically Adjusted PB Ratio of 0.44 is 40.1% 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 Arctic Paper and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arctic Paper's current Cyclically Adjusted PB Ratio is 0.44, which is 39% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Paper stock overvalued right now?
Arctic Paper (CHIX:ARPS) has a current Cyclically Adjusted PB Ratio of 0.44. The stock's GF Value™ is kr112.82, compared to a current price of kr52.50 — trading 53.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.44, which is 39% below median its 10-year median of 0.72 and 40.1% below the Forest Products industry median of 0.74. Arctic Paper's overall GF Score™ is 58/100 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 Arctic Paper (CHIX:ARPS), the current Cyclically Adjusted PB Ratio is 0.44 as of Aug. 05, 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 Arctic Paper (CHIX:ARPS) Overvalued in 2026?

Based on GuruFocus' analysis, Arctic Paper stock appears to be undervalued. The current stock price of kr52.50 is trading 53.5% below its estimated GF Value™ of kr112.82.

Key valuation signals for CHIX:ARPS:

  • Cyclically Adjusted PB Ratio: 0.44 (39% below median its 10-year median of 0.72)
  • GF Value™: kr112.82 vs. price of kr52.50 (53.5% below fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 40.1% below the Forest Products median (#63 of 238)

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


Arctic Paper Business Description

Address UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industry. The company's segment includes Paper and Pulp. The firm derives maximum revenue from the Paper segment. The majority of revenue is generated from Uncoated segment. Geographically, the firm derives revenue from Germany, France, the UK, Scandinavia, Western Europe (other countries), Poland, Central and Eastern Europe (other than Poland), and Outside Europe.
58GF Score

Get the complete analysis for CHIX:ARPS

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

kr52.50
Price
kr112.82
GF Value