Stora Enso Oyj (MIL:1STER) Cyclically Adjusted PB Ratio: 0.74 (As of Jul. 25, 2026) — 48% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MIL:1STER Stora Enso Oyj MIL:1STER
45 GF Score
Price €9.33
GF Value €10.22
Valuation Fairly Valued
! 6 Warning Signs
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What is Stora Enso Oyj Cyclically Adjusted PB Ratio?

Stora Enso Oyj MIL:1STER 45 Cyclically Adjusted PB Ratio is 0.74 as of Jul. 25, 2026, which is 48% below its 10-year median of 1.41. GuruFocus rates MIL:1STER with a GF Score™ of 45/100 and a GF Value™ of €10.22 (Fairly Valued). The stock has 6 warning signs investors should review. Among 317 Packaging & Containers companies, Stora Enso Oyj ranks better than 66.56% on this metric.

As of today (2026-07-25), Stora Enso Oyj's current share price is €9.334. Stora Enso Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €12.58. Stora Enso Oyj's Cyclically Adjusted PB Ratio for today is 0.74.

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

MIL:1STER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.41   Max: 2.44
Current: 0.75

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.

MIL:1STER's Cyclically Adjusted PB Ratio is ranked better than
66.56% of 317 companies
in the Packaging & Containers industry
Industry Median: 1.17 vs MIL:1STER: 0.75

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 €14.964. 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 €12.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stora Enso Oyj  (MIL:1STER) 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

MIL:1STER 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.


MIL:1STER
45GF Score
Stora Enso Oyj MIL:1STER
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
=9.334/12.58
=0.74

* 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)
=14.964/125.3800*125.3800
=14.964

Current CPI (Jun. 2026) = 125.3800.

Stora Enso Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.131 100.540 8.893
201612 7.362 101.020 9.137
201703 7.499 100.910 9.317
201706 7.116 101.140 8.821
201709 7.353 101.320 9.099
201712 7.618 101.510 9.409
201803 7.788 101.730 9.599
201806 7.663 102.320 9.390
201809 8.161 102.600 9.973
201812 8.514 102.710 10.393
201903 8.270 102.870 10.080
201906 8.521 103.360 10.336
201909 8.718 103.540 10.557
201912 9.420 103.650 11.395
202003 8.898 103.490 10.780
202006 9.186 103.320 11.147
202009 9.184 103.710 11.103
202012 11.169 103.890 13.479
202103 11.043 104.870 13.203
202106 11.674 105.360 13.892
202109 12.389 106.290 14.614
202112 13.545 107.490 15.799
202203 13.600 110.950 15.369
202206 14.391 113.570 15.888
202209 15.837 114.920 17.278
202212 15.891 117.320 16.983
202303 14.820 119.750 15.517
202306 14.032 120.690 14.577
202309 14.033 121.280 14.507
202312 13.929 121.540 14.369
202403 13.658 122.360 13.995
202406 13.611 122.230 13.962
202409 13.727 122.260 14.077
202412 12.855 122.390 13.169
202503 13.165 123.010 13.419
202506 12.808 122.530 13.106
202509 13.472 122.880 13.746
202512 13.690 122.670 13.992
202603 13.227 124.670 13.302
202606 14.964 125.380 14.964

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 0.74 mean?
Stora Enso Oyj (MIL:1STER) has a Cyclically Adjusted PB Ratio of 0.74 as of Jul. 25, 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 48% 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 #106 out of 317 companies in the Packaging & Containers industry, placing it in the top 33.4%.
Is Stora Enso Oyj's Cyclically Adjusted PB Ratio too high?
Stora Enso Oyj's current Cyclically Adjusted PB Ratio of 0.74 is 48% 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 1.17. Stora Enso Oyj's value of 0.74 is 36.8% below this industry median. Based on the distribution chart, Stora Enso Oyj ranks #106 out of 317 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Stora Enso Oyj has a GF Score™ of 45/100 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 #106 out of 317 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 1.17. Stora Enso Oyj's value of 0.74 is 36.8% 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 1.17, 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 1.17, based on 317 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 0.74 is 36.8% 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 1.17 — 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 0.74, which is 48% 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 (MIL:1STER) is currently considered Fairly Valued. The stock's GF Value™ is €10.22, compared to a current price of €9.33 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.74, which is 48% below median its 10-year median of 1.41 and 36.8% below the Packaging & Containers industry median of 1.17. Stora Enso Oyj's overall GF Score™ is 45/100 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 (MIL:1STER), the current Cyclically Adjusted PB Ratio is 0.74 as of Jul. 25, 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 (MIL:1STER) Overvalued in 2026?

Based on GuruFocus' analysis, Stora Enso Oyj stock appears to be undervalued. The current stock price of €9.33 is trading 8.7% below its estimated GF Value™ of €10.22. GuruFocus considers Stora Enso Oyj to be Fairly Valued.

Key valuation signals for MIL:1STER:

  • Cyclically Adjusted PB Ratio: 0.74 (48% below median its 10-year median of 1.41)
  • GF Value™: €10.22 vs. price of €9.33 (8.7% below fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 36.8% below the Packaging & Containers median (#106 of 317)

No single metric tells the full story. See the MIL:1STER 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.
45GF Score

Get the complete analysis for MIL:1STER

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

€9.33
Price
€10.22
GF Value