International Paper Co (MIL:1IP) Cyclically Adjusted PB Ratio: 1.33 (As of Jul. 11, 2026) — 48% Below Median


MIL:1IP International Paper Co MIL:1IP
42 GF Score
Price €33.40
GF Value €44.81
Valuation Modestly Undervalued
! 3 Warning Signs
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What is International Paper Co Cyclically Adjusted PB Ratio?

International Paper Co MIL:1IP +1.83% 42 Cyclically Adjusted PB Ratio is 1.33 as of Jul. 11, 2026, which is 48% below its 10-year median of 2.57. GuruFocus rates MIL:1IP with a GF Score™ of 42/100 and a GF Value™ of €44.81 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 314 Packaging & Containers companies, International Paper Co ranks worse than 58.28% on this metric.

As of today (2026-07-11), International Paper Co's current share price is €33.40. International Paper Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €25.17. International Paper Co's Cyclically Adjusted PB Ratio for today is 1.33.

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

MIL:1IP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.57   Max: 4
Current: 1.51

During the past years, International Paper Co's highest Cyclically Adjusted PB Ratio was 4.00. The lowest was 1.23. And the median was 2.57.

MIL:1IP's Cyclically Adjusted PB Ratio is ranked worse than
58.28% of 314 companies
in the Packaging & Containers industry
Industry Median: 1.205 vs MIL:1IP: 1.51

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.

International Paper Co's adjusted book value per share data for the three months ended in Mar. 2026 was €24.195. 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 €25.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Paper Co  (MIL:1IP) 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.


International Paper Co Cyclically Adjusted PB Ratio Related Terms


International Paper Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Paper Co'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.

International Paper Co Cyclically Adjusted PB Ratio Chart

International Paper Co 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 2.63 1.77 1.76 2.51 1.66

International Paper Co 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 2.41 2.05 1.98 1.66 1.45

MIL:1IP vs AMCR, PKG, BALL: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, International Paper Co'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.


International Paper Co Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

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


MIL:1IP
42GF Score
International Paper Co MIL:1IP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Paper Co 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.40/25.17
=1.33

* 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.

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

For example, International Paper Co'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)
=24.195/330.2130*330.2130
=24.195

Current CPI (Mar. 2026) = 330.2130.

International Paper Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.710 241.018 11.933
201609 9.121 241.428 12.475
201612 10.007 241.432 13.687
201703 10.361 243.801 14.033
201706 9.797 244.955 13.207
201709 9.985 246.819 13.359
201712 13.346 246.524 17.877
201803 14.189 249.554 18.775
201806 14.327 251.989 18.774
201809 14.897 252.439 19.487
201812 16.154 251.233 21.232
201903 16.516 254.202 21.455
201906 16.810 256.143 21.671
201909 17.231 256.759 22.160
201912 17.704 256.974 22.750
202003 15.798 258.115 20.211
202006 15.942 257.797 20.420
202009 15.319 260.280 19.435
202012 16.423 260.474 20.820
202103 16.637 264.877 20.741
202106 17.738 271.696 21.558
202109 21.123 274.310 25.428
202112 21.235 278.802 25.151
202203 21.774 287.504 25.009
202206 23.632 296.311 26.336
202209 26.948 296.808 29.981
202212 22.898 296.797 25.476
202303 22.580 301.836 24.703
202306 22.419 305.109 24.264
202309 24.053 307.789 25.805
202312 22.141 306.746 23.835
202403 21.954 312.332 23.211
202406 22.991 314.175 24.165
202409 22.380 315.301 23.438
202412 22.466 315.605 23.506
202503 31.707 319.799 32.740
202506 30.576 322.561 31.301
202509 27.949 324.800 28.415
202512 23.982 324.054 24.438
202603 24.195 330.213 24.195

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 1.33 mean?
International Paper Co (MIL:1IP) has a Cyclically Adjusted PB Ratio of 1.33 as of Jul. 11, 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 International Paper Co and its competitors. This is 48% below median its historical median of 2.57. Over the past decade, International Paper Co's Cyclically Adjusted PB Ratio has ranged from 1.23 to 4.00. According to the industry distribution chart, International Paper Co ranks #183 out of 314 companies in the Packaging & Containers industry, placing it in the top 58.3%.
Is International Paper Co's Cyclically Adjusted PB Ratio too high?
International Paper Co's current Cyclically Adjusted PB Ratio of 1.33 is 48% below median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 4.00. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.21. International Paper Co's value of 1.33 is 10.4% above this industry median. Based on the distribution chart, International Paper Co ranks #183 out of 314 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, International Paper Co has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Paper Co's Cyclically Adjusted PB Ratio compare to AMCR and PKG?
According to the Packaging & Containers industry distribution chart, International Paper Co ranks #183 out of 314 companies for Cyclically Adjusted PB Ratio. This places International Paper Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. International Paper Co's value of 1.33 is 10.4% above this benchmark. Historically, International Paper Co's own Cyclically Adjusted PB Ratio has ranged from 1.23 to 4.00 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 1.21, International Paper Co 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.21, based on 314 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. International Paper Co's current Cyclically Adjusted PB Ratio of 1.33 is 10.4% 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 International Paper Co and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Paper Co's current Cyclically Adjusted PB Ratio is 1.33, which is 48% below median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Paper Co stock overvalued right now?
Based on GuruFocus' analysis, International Paper Co (MIL:1IP) is currently considered Modestly Undervalued. The stock's GF Value™ is €44.81, compared to a current price of €33.40 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.33, which is 48% below median its 10-year median of 2.57 and 10.4% above the Packaging & Containers industry median of 1.21. International Paper Co's overall GF Score™ is 42/100 with 3 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 International Paper Co (MIL:1IP), the current Cyclically Adjusted PB Ratio is 1.33 as of Jul. 11, 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 International Paper Co (MIL:1IP) Overvalued in 2026?

Based on GuruFocus' analysis, International Paper Co stock appears to be undervalued. The current stock price of €33.40 is trading 25.5% below its estimated GF Value™ of €44.81. GuruFocus considers International Paper Co to be Modestly Undervalued.

Key valuation signals for MIL:1IP:

  • Cyclically Adjusted PB Ratio: 1.33 (48% below median its 10-year median of 2.57)
  • GF Value™: €44.81 vs. price of €33.40 (25.5% below fair value)
  • GF Score™: 42/100 with 3 warning signs
  • Industry Position: 10.4% above the Packaging & Containers median (#183 of 314)

No single metric tells the full story. See the MIL:1IP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Paper Co Business Description

Address 6400 Poplar Avenue, Memphis, TN, USA, 38197
International Paper manufactures packaging products. It accounts for roughly one-third of the North American corrugated packaging market. The company also has a substantial presence in Europe following its acquisition of DS Smith. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.
42GF Score

Get the complete analysis for MIL:1IP

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

€33.40
Price
€44.81
GF Value