Svenska Cellulosa AB (STU:SCA) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

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.
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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.

STU:SCA Svenska Cellulosa AB STU:SCA
79 GF Score
Price €9.16
GF Value €13.19
Valuation Possible Value Trap
! 5 Warning Signs
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What is Svenska Cellulosa AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Cellulosa AB  (STU:SCA) 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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Related Terms


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Svenska Cellulosa AB'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.

Svenska Cellulosa AB Cyclically Adjusted PB Ratio Chart

Svenska Cellulosa AB 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 1.73 1.24 1.30 1.18 1.02

Svenska Cellulosa AB 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 1.03 1.04 1.02 0.90 0.00

STU:SCA vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Svenska Cellulosa AB'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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Svenska Cellulosa AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Svenska Cellulosa AB's Cyclically Adjusted PB Ratio falls into.


STU:SCA
79GF Score
Svenska Cellulosa AB STU:SCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Svenska Cellulosa AB 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.

Svenska Cellulosa AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Svenska Cellulosa AB'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)
=13.147/134.1100*134.1100
=13.147

Current CPI (Jun. 2026) = 134.1100.

Svenska Cellulosa AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.134 101.138 13.438
201612 10.723 102.022 14.096
201703 11.360 102.022 14.933
201706 5.215 102.752 6.807
201709 5.390 103.279 6.999
201712 5.268 103.793 6.807
201803 5.078 103.962 6.551
201806 5.147 104.875 6.582
201809 5.240 105.679 6.650
201812 5.414 105.912 6.855
201903 5.237 105.886 6.633
201906 5.265 106.742 6.615
201909 5.338 107.214 6.677
201912 9.307 107.766 11.582
202003 8.934 106.563 11.243
202006 9.422 107.498 11.755
202009 9.415 107.635 11.731
202012 10.099 108.296 12.506
202103 10.280 108.360 12.723
202106 10.489 108.928 12.914
202109 10.662 110.338 12.959
202112 11.514 112.486 13.727
202203 11.170 114.825 13.046
202206 11.562 118.384 13.098
202209 11.772 122.296 12.909
202212 12.480 126.365 13.245
202303 12.189 127.042 12.867
202306 11.823 129.407 12.253
202309 11.701 130.224 12.050
202312 13.274 131.912 13.495
202403 13.002 132.205 13.189
202406 13.107 132.716 13.245
202409 13.156 132.304 13.336
202412 12.878 132.987 12.987
202503 13.645 132.825 13.777
202506 13.390 133.699 13.431
202509 13.521 133.480 13.585
202512 13.280 133.390 13.352
202603 13.234 133.560 13.288
202606 13.147 134.110 13.147

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.

Is Svenska Cellulosa AB (STU:SCA) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Cellulosa AB stock appears to be undervalued. The current stock price of €9.16 is trading 30.6% below its estimated GF Value™ of €13.19. GuruFocus considers Svenska Cellulosa AB to be Possible Value Trap.

Key valuation signals for STU:SCA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €13.19 vs. price of €9.16 (30.6% below fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Svenska Cellulosa AB Business Description

Address Skepparplatsen 1, Sundsvall, SWE, SE-851 88
Svenska Cellulosa AB is Europe's private forest owner, engaged in different business segments such as the Forest segment, which generates key revenue, and supplies its industries with timber. The Wood segment includes five sawmills in northern Sweden and wood processing and distribution to the building materials trade in Sweden and France, The Pulp segment encompasses the production and sale of bleached softwood kraft pulp (NBSK) and chemi-thermomechanical pulp (CTMP), which are produced at the Ostrand pulp mill, The Containerboard segment includes packaging paper with kraft liner manufacturing at the Obbola and Munksund paper mills, and The Renewable Energy segment which encompasses production and sales of processed and unprocessed biofuels as well as liquid biofuels.
79GF Score

Get the complete analysis for STU:SCA

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

€9.16
Price
€13.19
GF Value