Conifex Timber (TSX:CFF) Cyclically Adjusted PB Ratio: 0.03 (As of Jul. 18, 2026) — 83% Below Median

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TSX:CFF Conifex Timber Inc TSX:CFF
25 GF Score
Price C$0.14
GF Value C$0.31
Valuation Possible Value Trap
! 6 Warning Signs
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What is Conifex Timber Cyclically Adjusted PB Ratio?

Conifex Timber TSX:CFF 25 Cyclically Adjusted PB Ratio is 0.03 as of Jul. 18, 2026, which is 83% below its 10-year median of 0.18. GuruFocus rates TSX:CFF with a GF Score™ of 25/100 and a GF Value™ of C$0.31 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 244 Forest Products companies, Conifex Timber ranks better than 99.18% on this metric.

As of today (2026-07-18), Conifex Timber's current share price is C$0.135. Conifex Timber's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$5.28. Conifex Timber's Cyclically Adjusted PB Ratio for today is 0.03.

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

TSX:CFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.18   Max: 0.57
Current: 0.03

During the past years, Conifex Timber's highest Cyclically Adjusted PB Ratio was 0.57. The lowest was 0.01. And the median was 0.18.

TSX:CFF's Cyclically Adjusted PB Ratio is ranked better than
99.18% of 244 companies
in the Forest Products industry
Industry Median: 0.76 vs TSX:CFF: 0.03

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.

Conifex Timber's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.990. 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 C$5.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conifex Timber  (TSX:CFF) 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.


Conifex Timber Cyclically Adjusted PB Ratio Related Terms


Conifex Timber Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Conifex Timber'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.

Conifex Timber Cyclically Adjusted PB Ratio Chart

Conifex Timber 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 0.33 0.26 0.11 0.05 0.01

Conifex Timber 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 0.06 0.06 0.05 0.01 0.02

TSX:CFF vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Conifex Timber'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.


Conifex Timber Cyclically Adjusted PB Ratio vs Forest Products Industry

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

* The bar in red indicates where Conifex Timber's Cyclically Adjusted PB Ratio falls into.


TSX:CFF
25GF Score
Conifex Timber Inc TSX:CFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Conifex Timber 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.

Conifex Timber's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.135/5.28
=0.03

* 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.

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

For example, Conifex Timber'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)
=0.99/132.2623*132.2623
=0.990

Current CPI (Mar. 2026) = 132.2623.

Conifex Timber Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.080 102.002 10.477
201609 8.122 101.765 10.556
201612 8.372 101.449 10.915
201703 7.240 102.634 9.330
201706 7.376 103.029 9.469
201709 7.618 103.345 9.750
201712 7.930 103.345 10.149
201803 8.028 105.004 10.112
201806 8.422 105.557 10.553
201809 7.468 105.636 9.350
201812 7.297 105.399 9.157
201903 6.869 106.979 8.492
201906 6.517 107.690 8.004
201909 6.217 107.611 7.641
201912 2.656 107.769 3.260
202003 2.472 107.927 3.029
202006 2.411 108.401 2.942
202009 2.458 108.164 3.006
202012 2.506 108.559 3.053
202103 2.608 110.298 3.127
202106 3.207 111.720 3.797
202109 3.204 112.905 3.753
202112 3.234 113.774 3.760
202203 3.523 117.646 3.961
202206 3.630 120.806 3.974
202209 3.662 120.648 4.015
202212 3.680 120.964 4.024
202303 3.506 122.702 3.779
202306 3.259 124.203 3.470
202309 3.025 125.230 3.195
202312 2.857 125.072 3.021
202403 2.749 126.258 2.880
202406 2.507 127.522 2.600
202409 2.401 127.285 2.495
202412 2.106 127.364 2.187
202503 2.125 129.181 2.176
202506 1.911 129.892 1.946
202509 1.506 130.287 1.529
202512 1.220 130.366 1.238
202603 0.990 132.262 0.990

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 0.03 mean?
Conifex Timber (TSX:CFF) has a Cyclically Adjusted PB Ratio of 0.03 as of Jul. 18, 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 Conifex Timber and its competitors. This is 83% below median its historical median of 0.18. Over the past decade, Conifex Timber's Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.57. According to the industry distribution chart, Conifex Timber ranks #2 out of 244 companies in the Forest Products industry, placing it in the top 0.8%.
Is Conifex Timber's Cyclically Adjusted PB Ratio too high?
Conifex Timber's current Cyclically Adjusted PB Ratio of 0.03 is 83% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.57. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.76. Conifex Timber's value of 0.03 is 96.1% below this industry median. Based on the distribution chart, Conifex Timber ranks #2 out of 244 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Conifex Timber has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conifex Timber's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Conifex Timber ranks #2 out of 244 companies for Cyclically Adjusted PB Ratio. This places Conifex Timber in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.76. Conifex Timber's value of 0.03 is 96.1% below this benchmark. Historically, Conifex Timber's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.57 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.76, Conifex Timber 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 244 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. Conifex Timber's current Cyclically Adjusted PB Ratio of 0.03 is 96.1% 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 Conifex Timber 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. Conifex Timber's current Cyclically Adjusted PB Ratio is 0.03, which is 83% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conifex Timber stock overvalued right now?
Based on GuruFocus' analysis, Conifex Timber (TSX:CFF) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.31, compared to a current price of C$0.14 — trading 56.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is 83% below median its 10-year median of 0.18 and 96.1% below the Forest Products industry median of 0.76. Conifex Timber's overall GF Score™ is 25/100 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 Conifex Timber (TSX:CFF), the current Cyclically Adjusted PB Ratio is 0.03 as of Jul. 18, 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 Conifex Timber (TSX:CFF) Overvalued in 2026?

Based on GuruFocus' analysis, Conifex Timber stock appears to be undervalued. The current stock price of C$0.14 is trading 56.5% below its estimated GF Value™ of C$0.31. GuruFocus considers Conifex Timber to be Possible Value Trap.

Key valuation signals for TSX:CFF:

  • Cyclically Adjusted PB Ratio: 0.03 (83% below median its 10-year median of 0.18)
  • GF Value™: C$0.31 vs. price of C$0.14 (56.5% below fair value)
  • GF Score™: 25/100 with 6 warning signs
  • Industry Position: 96.1% below the Forest Products median (#2 of 244)

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


Conifex Timber Business Description

Other Exchanges CFXTF:USA5CA:Germany
Address 980-700 West Georgia Street, Vancouver, BC, CAN, V7Y 1B6
Conifex Timber Inc is a Canada-based forestry company. It operates through one reportable segment comprising of activities that include timber harvesting, reforestation, forest management, processing logs into lumber and wood chips, value added lumber finishing and generation of electrical power that is complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber, Lumber by-products and other, and Bioenergy. Geographically, it operates in United States, Canada and Japan. The company derives maximum revenue from United states.
25GF Score

Get the complete analysis for TSX:CFF

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

C$0.14
Price
C$0.31
GF Value