West Fraser Timber Co.Ltd (FRA:WFC) Cyclically Adjusted PB Ratio: 1.14 (As of Jul. 28, 2026) — 44% 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.

FRA:WFC West Fraser Timber Co.Ltd FRA:WFC
76 GF Score
Price €58.35
GF Value €59.83
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio?

West Fraser Timber Co.Ltd FRA:WFC +0.69% 76 Cyclically Adjusted PB Ratio is 1.14 as of Jul. 28, 2026, which is 44% below its 10-year median of 2.05. GuruFocus rates FRA:WFC with a GF Score™ of 76/100 and a GF Value™ of €59.83 (Fairly Valued). The stock has 6 warning signs investors should review. Among 244 Forest Products companies, West Fraser Timber Co.Ltd ranks worse than 67.21% on this metric.

As of today (2026-07-28), West Fraser Timber Co.Ltd's current share price is €58.35. West Fraser Timber Co.Ltd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €51.31. West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio for today is 1.14.

The historical rank and industry rank for West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:WFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 2.05   Max: 3.7
Current: 1.12

During the past years, West Fraser Timber Co.Ltd's highest Cyclically Adjusted PB Ratio was 3.70. The lowest was 0.83. And the median was 2.05.

FRA:WFC's Cyclically Adjusted PB Ratio is ranked worse than
67.21% of 244 companies
in the Forest Products industry
Industry Median: 0.745 vs FRA:WFC: 1.12

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.

West Fraser Timber Co.Ltd's adjusted book value per share data for the three months ended in Mar. 2026 was €62.281. 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 €51.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Fraser Timber Co.Ltd  (FRA:WFC) 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.


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Related Terms


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for West Fraser Timber Co.Ltd'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.

West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Chart

West Fraser Timber Co.Ltd 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 3.13 1.97 1.87 1.75 1.04

West Fraser Timber Co.Ltd 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 1.49 1.30 1.19 1.04 1.08

FRA:WFC vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, West Fraser Timber Co.Ltd'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.


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio falls into.


FRA:WFC
76GF Score
West Fraser Timber Co.Ltd FRA:WFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

West Fraser Timber Co.Ltd 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.

West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=58.35/51.31
=1.14

* 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.

West Fraser Timber Co.Ltd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, West Fraser Timber Co.Ltd'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)
=62.281/132.2623*132.2623
=62.281

Current CPI (Mar. 2026) = 132.2623.

West Fraser Timber Co.Ltd Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.415 102.002 22.581
201609 18.031 101.765 23.435
201612 20.222 101.449 26.364
201703 21.213 102.634 27.337
201706 21.405 103.029 27.479
201709 22.762 103.345 29.131
201712 23.501 103.345 30.077
201803 23.398 105.004 29.472
201806 26.471 105.557 33.168
201809 27.993 105.636 35.049
201812 26.769 105.399 33.592
201903 26.712 106.979 33.025
201906 25.736 107.690 31.608
201909 25.785 107.611 31.692
201912 24.970 107.769 30.645
202003 24.431 107.927 29.940
202006 23.385 108.401 28.532
202009 26.007 108.164 31.801
202012 29.658 108.559 36.134
202103 45.658 110.298 54.750
202106 54.802 111.720 64.879
202109 58.973 112.905 69.084
202112 63.963 113.774 74.357
202203 75.211 117.646 84.556
202206 85.094 120.806 93.164
202209 93.627 120.648 102.640
202212 86.079 120.964 94.119
202303 84.652 122.702 91.248
202306 81.921 124.203 87.236
202309 84.487 125.230 89.231
202312 81.050 125.072 85.709
202403 81.570 126.258 85.449
202406 83.277 127.522 86.373
202409 79.921 127.285 83.046
202412 83.026 127.364 86.219
202503 80.806 129.181 82.733
202506 75.714 129.892 77.096
202509 71.937 130.287 73.028
202512 63.794 130.366 64.722
202603 62.281 132.262 62.281

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 1.14 mean?
West Fraser Timber Co.Ltd (FRA:WFC) has a Cyclically Adjusted PB Ratio of 1.14 as of Jul. 28, 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 West Fraser Timber Co.Ltd and its competitors. This is 44% below median its historical median of 2.05. Over the past decade, West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio has ranged from 0.83 to 3.70. According to the industry distribution chart, West Fraser Timber Co.Ltd ranks #164 out of 244 companies in the Forest Products industry, placing it in the top 67.2%.
Is West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio too high?
West Fraser Timber Co.Ltd's current Cyclically Adjusted PB Ratio of 1.14 is 44% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 3.70. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.75. West Fraser Timber Co.Ltd's value of 1.14 is 53% above this industry median. Based on the distribution chart, West Fraser Timber Co.Ltd ranks #164 out of 244 companies in the Forest Products industry, which is below the industry midpoint. Overall, West Fraser Timber Co.Ltd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, West Fraser Timber Co.Ltd ranks #164 out of 244 companies for Cyclically Adjusted PB Ratio. This places West Fraser Timber Co.Ltd in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.75. West Fraser Timber Co.Ltd's value of 1.14 is 53% above this benchmark. Historically, West Fraser Timber Co.Ltd's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 3.70 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 0.75, West Fraser Timber Co.Ltd 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 0.75, 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. West Fraser Timber Co.Ltd's current Cyclically Adjusted PB Ratio of 1.14 is 53% 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 West Fraser Timber Co.Ltd and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Fraser Timber Co.Ltd's current Cyclically Adjusted PB Ratio is 1.14, which is 44% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Fraser Timber Co.Ltd stock overvalued right now?
Based on GuruFocus' analysis, West Fraser Timber Co.Ltd (FRA:WFC) is currently considered Fairly Valued. The stock's GF Value™ is €59.83, compared to a current price of €58.35 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 44% below median its 10-year median of 2.05 and 53% above the Forest Products industry median of 0.75. West Fraser Timber Co.Ltd's overall GF Score™ is 76/100 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 West Fraser Timber Co.Ltd (FRA:WFC), the current Cyclically Adjusted PB Ratio is 1.14 as of Jul. 28, 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 West Fraser Timber Co.Ltd (FRA:WFC) Overvalued in 2026?

Based on GuruFocus' analysis, West Fraser Timber Co.Ltd stock appears to be undervalued. The current stock price of €58.35 is trading 2.5% below its estimated GF Value™ of €59.83. GuruFocus considers West Fraser Timber Co.Ltd to be Fairly Valued.

Key valuation signals for FRA:WFC:

  • Cyclically Adjusted PB Ratio: 1.14 (44% below median its 10-year median of 2.05)
  • GF Value™: €59.83 vs. price of €58.35 (2.5% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 53% above the Forest Products median (#164 of 244)

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


West Fraser Timber Co.Ltd Business Description

Address 885 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6C 3E8
West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the Southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is one of the largest oriented strand board producers in the world.
76GF Score

Get the complete analysis for FRA:WFC

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

€58.35
Price
€59.83
GF Value