Arctic Paper (LTS:0OIU) Cyclically Adjusted PB Ratio: 0.33 (As of Aug. 30, 2026) — 54% 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:0OIU Arctic Paper SA LTS:0OIU
60 GF Score
Price zł4.05
GF Value zł7.98
! 5 Warning Signs
View Full Analysis

What is Arctic Paper Cyclically Adjusted PB Ratio?

Arctic Paper LTS:0OIU 60 Cyclically Adjusted PB Ratio is 0.33 as of Aug. 30, 2026, which is 54% below its 10-year median of 0.71. GuruFocus rates LTS:0OIU with a GF Score™ of 60/100 and a GF Value™ of zł7.98. The stock has 5 warning signs investors should review. Among 208 Forest Products companies, Arctic Paper ranks better than 70.19% on this metric.

As of today (2026-08-30), Arctic Paper's current share price is zł4.0475. Arctic Paper's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł12.24. Arctic Paper's Cyclically Adjusted PB Ratio for today is 0.33.

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

LTS:0OIU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.71   Max: 1.99
Current: 0.38

During the past years, Arctic Paper's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.26. And the median was 0.71.

LTS:0OIU's Cyclically Adjusted PB Ratio is ranked better than
70.19% of 208 companies
in the Forest Products industry
Industry Median: 0.755 vs LTS:0OIU: 0.38

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 Jun. 2026 was zł19.762. 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 zł12.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arctic Paper  (LTS:0OIU) 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
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 0.66 0.50 0.48 0.44 0.33

LTS:0OIU 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.


LTS:0OIU
60GF Score
Arctic Paper SA LTS:0OIU
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
=4.0475/12.24
=0.33

* 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 Jun. 2026 is calculated as:

For example, Arctic Paper'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)
=19.762/162.2800*162.2800
=19.762

Current CPI (Jun. 2026) = 162.2800.

Arctic Paper Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.496 99.064 12.279
201612 7.845 100.366 12.684
201703 7.665 101.018 12.313
201706 7.723 101.180 12.387
201709 8.220 101.343 13.163
201712 7.930 102.564 12.547
201803 8.234 102.564 13.028
201806 8.459 103.378 13.279
201809 8.754 103.378 13.742
201812 8.322 103.785 13.012
201903 8.123 104.274 12.642
201906 8.458 105.983 12.951
201909 8.914 105.983 13.649
201912 8.759 107.123 13.269
202003 8.762 109.076 13.036
202006 9.422 109.402 13.976
202009 10.181 109.320 15.113
202012 10.824 109.565 16.032
202103 11.114 112.658 16.009
202106 11.196 113.960 15.943
202109 12.156 115.588 17.066
202112 13.164 119.088 17.938
202203 15.430 125.031 20.027
202206 20.071 131.705 24.730
202209 24.643 135.531 29.507
202212 22.913 139.113 26.729
202303 22.927 145.950 25.492
202306 19.516 147.009 21.543
202309 20.249 146.113 22.489
202312 20.832 147.741 22.882
202403 21.072 149.044 22.943
202406 20.538 150.997 22.073
202409 20.970 153.439 22.178
202412 21.004 154.660 22.039
202503 21.173 157.021 21.882
202506 20.443 157.509 21.062
202509 20.699 158.000 21.260
202512 20.429 158.320 20.940
202603 19.915 163.070 19.819
202606 19.762 162.280 19.762

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 0.33 mean?
Arctic Paper (LTS:0OIU) has a Cyclically Adjusted PB Ratio of 0.33 as of Aug. 30, 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 54% below median its historical median of 0.71. 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 #62 out of 208 companies in the Forest Products industry, placing it in the top 29.8%.
Is Arctic Paper's Cyclically Adjusted PB Ratio too high?
Arctic Paper's current Cyclically Adjusted PB Ratio of 0.33 is 54% below median its 10-year median of 0.71. 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 0.76. Arctic Paper's value of 0.33 is 56.3% below this industry median. Based on the distribution chart, Arctic Paper ranks #62 out of 208 companies in the Forest Products industry, which is above the industry midpoint. Overall, Arctic Paper has a GF Score™ of 60/100, 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 #62 out of 208 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 0.76. Arctic Paper's value of 0.33 is 56.3% 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 0.71 vs. the industry median of 0.76, 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 0.76, based on 208 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 0.33 is 56.3% 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 0.76 — 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 0.33, which is 54% below median its own 10-year median of 0.71. 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 (LTS:0OIU) has a current Cyclically Adjusted PB Ratio of 0.33. The stock's GF Value™ is zł7.98, compared to a current price of zł4.05 — trading 49.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 54% below median its 10-year median of 0.71 and 56.3% below the Forest Products industry median of 0.76. Arctic Paper's overall GF Score™ is 60/100 with 5 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 (LTS:0OIU), the current Cyclically Adjusted PB Ratio is 0.33 as of Aug. 30, 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 (LTS:0OIU) Overvalued in 2026?

Based on GuruFocus' analysis, Arctic Paper stock appears to be undervalued. The current stock price of zł4.05 is trading 49.3% below its estimated GF Value™ of zł7.98.

Key valuation signals for LTS:0OIU:

  • Cyclically Adjusted PB Ratio: 0.33 (54% below median its 10-year median of 0.71)
  • GF Value™: zł7.98 vs. price of zł4.05 (49.3% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 56.3% below the Forest Products median (#62 of 208)

No single metric tells the full story. See the LTS:0OIU 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.
60GF Score

Get the complete analysis for LTS:0OIU

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

zł4.05
Price
zł7.98
GF Value