Svenska Cellulosa AB (FRA:SCA) Cyclically Adjusted PB Ratio: 0.89 (As of Sep. 16, 2026) — 25% Below Median

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FRA:SCA Svenska Cellulosa AB FRA:SCA
80 GF Score
Price €10.33
GF Value €12.68
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Svenska Cellulosa AB Cyclically Adjusted PB Ratio?

Svenska Cellulosa AB FRA:SCA +0.24% 80 Cyclically Adjusted PB Ratio is 0.89 as of Sep. 16, 2026, which is 25% below its 10-year median of 1.19. GuruFocus rates FRA:SCA with a GF Score™ of 80/100 and a GF Value™ of €12.68 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 206 Forest Products companies, Svenska Cellulosa AB ranks worse than 61.17% on this metric.

As of today (2026-09-16), Svenska Cellulosa AB's current share price is €10.33. Svenska Cellulosa AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.56. Svenska Cellulosa AB's Cyclically Adjusted PB Ratio for today is 0.89.

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

FRA:SCA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.19   Max: 2.11
Current: 0.96

During the past years, Svenska Cellulosa AB's highest Cyclically Adjusted PB Ratio was 2.11. The lowest was 0.65. And the median was 1.19.

FRA:SCA's Cyclically Adjusted PB Ratio is ranked worse than
61.17% of 206 companies
in the Forest Products industry
Industry Median: 0.74 vs FRA:SCA: 0.96

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.

Svenska Cellulosa AB's adjusted book value per share data for the three months ended in Jun. 2026 was €13.021. 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 €11.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Cellulosa AB  (FRA:SCA) 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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Related Terms


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Svenska Cellulosa 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.

Svenska Cellulosa AB Cyclically Adjusted PB Ratio Chart

Svenska Cellulosa 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 1.48 1.02 1.13 1.00 0.94

Svenska Cellulosa AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.96 0.96 0.97 0.86 0.77

FRA:SCA vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Svenska Cellulosa 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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


FRA:SCA
80GF Score
Svenska Cellulosa AB FRA:SCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Svenska Cellulosa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.33/11.556
=0.89

* 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.

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

For example, Svenska Cellulosa AB'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)
=13.021/134.6100*134.6100
=13.021

Current CPI (Jun. 2026) = 134.6100.

Svenska Cellulosa AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.990 101.138 14.627
201612 11.816 102.022 15.590
201703 12.429 102.022 16.399
201706 5.286 102.752 6.925
201709 5.333 103.279 6.951
201712 5.323 103.793 6.903
201803 5.010 103.962 6.487
201806 5.066 104.875 6.502
201809 5.292 105.679 6.741
201812 5.488 105.912 6.975
201903 5.280 105.886 6.712
201906 5.299 106.742 6.682
201909 5.325 107.214 6.686
201912 9.283 107.766 11.595
202003 8.939 106.563 11.292
202006 9.441 107.498 11.822
202009 9.357 107.635 11.702
202012 10.225 108.296 12.710
202103 10.206 108.360 12.678
202106 10.463 108.928 12.930
202109 10.694 110.338 13.046
202112 11.485 112.486 13.744
202203 11.348 114.825 13.303
202206 11.448 118.384 13.017
202209 11.697 122.296 12.875
202212 12.337 126.365 13.142
202303 12.136 127.042 12.859
202306 11.706 129.407 12.177
202309 12.034 130.224 12.439
202312 13.338 131.912 13.611
202403 12.741 132.205 12.973
202406 13.036 132.716 13.222
202409 13.202 132.304 13.432
202412 12.946 132.987 13.104
202503 13.778 132.825 13.963
202506 13.184 133.699 13.274
202509 13.462 133.480 13.576
202512 13.351 133.380 13.474
202603 12.989 133.550 13.092
202606 13.021 134.610 13.021

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 0.89 mean?
Svenska Cellulosa AB (FRA:SCA) has a Cyclically Adjusted PB Ratio of 0.89 as of Sep. 16, 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 Svenska Cellulosa AB and its competitors. This is 25% below median its historical median of 1.19. Over the past decade, Svenska Cellulosa AB's Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.11. According to the industry distribution chart, Svenska Cellulosa AB ranks #126 out of 206 companies in the Forest Products industry, placing it in the top 61.2%.
Is Svenska Cellulosa AB's Cyclically Adjusted PB Ratio too high?
Svenska Cellulosa AB's current Cyclically Adjusted PB Ratio of 0.89 is 25% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.11. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. Svenska Cellulosa AB's value of 0.89 is 20.3% above this industry median. Based on the distribution chart, Svenska Cellulosa AB ranks #126 out of 206 companies in the Forest Products industry, which is below the industry midpoint. Overall, Svenska Cellulosa AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Svenska Cellulosa AB's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Svenska Cellulosa AB ranks #126 out of 206 companies for Cyclically Adjusted PB Ratio. This places Svenska Cellulosa AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.74. Svenska Cellulosa AB's value of 0.89 is 20.3% above this benchmark. Historically, Svenska Cellulosa AB's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.11 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.74, Svenska Cellulosa AB has consistently been above 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 206 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. Svenska Cellulosa AB's current Cyclically Adjusted PB Ratio of 0.89 is 20.3% above 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 Svenska Cellulosa AB 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. Svenska Cellulosa AB's current Cyclically Adjusted PB Ratio is 0.89, which is 25% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Svenska Cellulosa AB stock overvalued right now?
Based on GuruFocus' analysis, Svenska Cellulosa AB (FRA:SCA) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.68, compared to a current price of €10.33 — trading 18.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.89, which is 25% below median its 10-year median of 1.19 and 20.3% above the Forest Products industry median of 0.74. Svenska Cellulosa AB's overall GF Score™ is 80/100 with 8 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 Svenska Cellulosa AB (FRA:SCA), the current Cyclically Adjusted PB Ratio is 0.89 as of Sep. 16, 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 Svenska Cellulosa AB (FRA:SCA) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Cellulosa AB stock appears to be undervalued. The current stock price of €10.33 is trading 18.5% below its estimated GF Value™ of €12.68. GuruFocus considers Svenska Cellulosa AB to be Modestly Undervalued.

Key valuation signals for FRA:SCA:

  • Cyclically Adjusted PB Ratio: 0.89 (25% below median its 10-year median of 1.19)
  • GF Value™: €12.68 vs. price of €10.33 (18.5% below fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 20.3% above the Forest Products median (#126 of 206)

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


Svenska Cellulosa AB Business Description

Address Skepparplatsen 1, Sundsvall, SWE, SE-851 88
Svenska Cellulosa AB is Europe's private forest owner, engaged in different business segments such as the Forest segment, which generates key revenue, and supplies its industries with timber. The Wood segment includes five sawmills in northern Sweden and wood processing and distribution to the building materials trade in Sweden and France, The Pulp segment encompasses the production and sale of bleached softwood kraft pulp (NBSK) and chemi-thermomechanical pulp (CTMP), which are produced at the Ostrand pulp mill, The Containerboard segment includes packaging paper with kraft liner manufacturing at the Obbola and Munksund paper mills, and The Renewable Energy segment which encompasses production and sales of processed and unprocessed biofuels as well as liquid biofuels.
80GF Score

Get the complete analysis for FRA:SCA

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

€10.33
Price
€12.68
GF Value