Stora Enso Oyj (LTS:0KCK) Cyclically Adjusted PB Ratio: 0.79 (As of Aug. 01, 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.

LTS:0KCK Stora Enso Oyj LTS:0KCK
70 GF Score
Price kr111.05
GF Value kr114.53
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Stora Enso Oyj Cyclically Adjusted PB Ratio?

Stora Enso Oyj LTS:0KCK 70 Cyclically Adjusted PB Ratio is 0.79 as of Aug. 01, 2026, which is 44% below its 10-year median of 1.41. GuruFocus rates LTS:0KCK with a GF Score™ of 70/100 and a GF Value™ of kr114.53 (Fairly Valued). The stock has 6 warning signs investors should review. Among 315 Packaging & Containers companies, Stora Enso Oyj ranks better than 64.13% on this metric.

As of today (2026-08-01), Stora Enso Oyj's current share price is kr111.05. Stora Enso Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr140.04. Stora Enso Oyj's Cyclically Adjusted PB Ratio for today is 0.79.

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

LTS:0KCK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.41   Max: 2.44
Current: 0.76

During the past years, Stora Enso Oyj's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 0.63. And the median was 1.41.

LTS:0KCK's Cyclically Adjusted PB Ratio is ranked better than
64.13% of 315 companies
in the Packaging & Containers industry
Industry Median: 1.09 vs LTS:0KCK: 0.76

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.

Stora Enso Oyj's adjusted book value per share data for the three months ended in Jun. 2026 was kr164.045. 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 kr140.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stora Enso Oyj  (LTS:0KCK) 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.


Stora Enso Oyj Cyclically Adjusted PB Ratio Related Terms


Stora Enso Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Stora Enso Oyj'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.

Stora Enso Oyj Cyclically Adjusted PB Ratio Chart

Stora Enso Oyj 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 1.90 1.33 1.15 0.85 0.89

Stora Enso Oyj 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 0.79 0.78 0.89 0.82 0.74

LTS:0KCK vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Stora Enso Oyj'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.


Stora Enso Oyj Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Stora Enso Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0KCK
70GF Score
Stora Enso Oyj LTS:0KCK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stora Enso Oyj 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.

Stora Enso Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.05/140.04
=0.79

* 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.

Stora Enso Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Stora Enso Oyj'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)
=164.045/125.3800*125.3800
=164.045

Current CPI (Jun. 2026) = 125.3800.

Stora Enso Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 68.282 100.540 85.152
201612 71.502 101.020 88.744
201703 71.500 100.910 88.838
201706 69.386 101.140 86.016
201709 70.200 101.320 86.870
201712 75.665 101.510 93.458
201803 79.137 101.730 97.535
201806 78.785 102.320 96.541
201809 85.130 102.600 104.031
201812 87.464 102.710 106.769
201903 86.842 102.870 105.845
201906 90.590 103.360 109.889
201909 93.213 103.540 112.875
201912 98.728 103.650 119.426
202003 96.782 103.490 117.253
202006 96.310 103.320 116.873
202009 95.797 103.710 115.814
202012 113.633 103.890 137.138
202103 112.315 104.870 134.281
202106 118.094 105.360 140.534
202109 125.986 106.290 148.613
202112 139.119 107.490 162.273
202203 143.264 110.950 161.897
202206 152.655 113.570 168.529
202209 171.067 114.920 186.637
202212 174.701 117.320 186.703
202303 166.225 119.750 174.040
202306 163.720 120.690 170.082
202309 166.016 121.280 171.628
202312 155.815 121.540 160.738
202403 154.563 122.360 158.378
202406 153.649 122.230 157.609
202409 155.836 122.260 159.813
202412 147.870 122.390 151.482
202503 144.212 123.010 146.990
202506 141.058 122.530 144.339
202509 148.199 122.880 151.214
202512 148.976 122.670 152.267
202603 142.471 124.670 143.282
202606 164.045 125.380 164.045

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 0.79 mean?
Stora Enso Oyj (LTS:0KCK) has a Cyclically Adjusted PB Ratio of 0.79 as of Aug. 01, 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 Stora Enso Oyj and its competitors. This is 44% below median its historical median of 1.41. Over the past decade, Stora Enso Oyj's Cyclically Adjusted PB Ratio has ranged from 0.63 to 2.44. According to the industry distribution chart, Stora Enso Oyj ranks #113 out of 315 companies in the Packaging & Containers industry, placing it in the top 35.9%.
Is Stora Enso Oyj's Cyclically Adjusted PB Ratio too high?
Stora Enso Oyj's current Cyclically Adjusted PB Ratio of 0.79 is 44% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.44. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.09. Stora Enso Oyj's value of 0.79 is 27.5% below this industry median. Based on the distribution chart, Stora Enso Oyj ranks #113 out of 315 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Stora Enso Oyj has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stora Enso Oyj's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Stora Enso Oyj ranks #113 out of 315 companies for Cyclically Adjusted PB Ratio. This puts Stora Enso Oyj in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.09. Stora Enso Oyj's value of 0.79 is 27.5% below this benchmark. Historically, Stora Enso Oyj's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 2.44 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.09, Stora Enso Oyj 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.09, based on 315 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. Stora Enso Oyj's current Cyclically Adjusted PB Ratio of 0.79 is 27.5% 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 Stora Enso Oyj and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stora Enso Oyj's current Cyclically Adjusted PB Ratio is 0.79, which is 44% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stora Enso Oyj stock overvalued right now?
Based on GuruFocus' analysis, Stora Enso Oyj (LTS:0KCK) is currently considered Fairly Valued. The stock's GF Value™ is kr114.53, compared to a current price of kr111.05 — trading 3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 44% below median its 10-year median of 1.41 and 27.5% below the Packaging & Containers industry median of 1.09. Stora Enso Oyj's overall GF Score™ is 70/100 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 Stora Enso Oyj (LTS:0KCK), the current Cyclically Adjusted PB Ratio is 0.79 as of Aug. 01, 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 Stora Enso Oyj (LTS:0KCK) Overvalued in 2026?

Based on GuruFocus' analysis, Stora Enso Oyj stock appears to be undervalued. The current stock price of kr111.05 is trading 3% below its estimated GF Value™ of kr114.53. GuruFocus considers Stora Enso Oyj to be Fairly Valued.

Key valuation signals for LTS:0KCK:

  • Cyclically Adjusted PB Ratio: 0.79 (44% below median its 10-year median of 1.41)
  • GF Value™: kr114.53 vs. price of kr111.05 (3% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 27.5% below the Packaging & Containers median (#113 of 315)

No single metric tells the full story. See the LTS:0KCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stora Enso Oyj Business Description

Address Katajanokanlaituri 4, P.O. Box 309, Helsinki, FIN, FI-00101
Stora Enso Oyj is a renewable materials company. It provides renewable products in packaging, biomaterials, and wooden construction, and private forest owners. Its operating segments are Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and others. The Packaging Solutions division develops and sells premium fiber-based packaging products and services. Its high-end eco-friendly packaging products are used by brands across multiple market sectors, including the retail, e-commerce, and industrial sectors. Key revenue is generated from the Packaging Solutions segment.
70GF Score

Get the complete analysis for LTS:0KCK

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

kr111.05
Price
kr114.53
GF Value