Winpak (TSX:WPK) Cyclically Adjusted PB Ratio: 1.68 (As of Aug. 03, 2026) — 39% 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.

TSX:WPK Winpak Ltd TSX:WPK
81 GF Score
Price C$43.97
GF Value C$46.67
Valuation Fairly Valued
View Full Analysis

What is Winpak Cyclically Adjusted PB Ratio?

Winpak TSX:WPK -0.86% 81 Cyclically Adjusted PB Ratio is 1.68 as of Aug. 03, 2026, which is 39% below its 10-year median of 2.74. GuruFocus rates TSX:WPK with a GF Score™ of 81/100 and a GF Value™ of C$46.67 (Fairly Valued). Among 313 Packaging & Containers companies, Winpak ranks worse than 62.62% on this metric.

As of today (2026-08-03), Winpak's current share price is C$43.97. Winpak's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$26.18. Winpak's Cyclically Adjusted PB Ratio for today is 1.68.

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

TSX:WPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.57   Med: 2.74   Max: 6.96
Current: 1.68

During the past years, Winpak's highest Cyclically Adjusted PB Ratio was 6.96. The lowest was 1.57. And the median was 2.74.

TSX:WPK's Cyclically Adjusted PB Ratio is ranked worse than
62.62% of 313 companies
in the Packaging & Containers industry
Industry Median: 1.09 vs TSX:WPK: 1.68

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.

Winpak's adjusted book value per share data for the three months ended in Jun. 2026 was C$32.186. 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$26.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winpak  (TSX:WPK) 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.


Winpak Cyclically Adjusted PB Ratio Related Terms


Winpak Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winpak'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.

Winpak Cyclically Adjusted PB Ratio Chart

Winpak 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 2.31 2.27 1.97 2.09 1.80

Winpak 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 1.86 1.67 1.80 1.77 1.66

TSX:WPK vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Winpak'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.


Winpak Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

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


TSX:WPK
81GF Score
Winpak Ltd TSX:WPK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winpak 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.

Winpak's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.97/26.18
=1.68

* 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.

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

For example, Winpak'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)
=32.186/133.5265*133.5265
=32.186

Current CPI (Jun. 2026) = 133.5265.

Winpak Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.662 101.765 17.926
201612 14.481 101.449 19.060
201703 15.091 102.634 19.633
201706 15.498 103.029 20.086
201709 14.765 103.345 19.077
201712 16.078 103.345 20.774
201803 16.761 105.004 21.314
201806 17.538 105.557 22.185
201809 17.958 105.636 22.699
201812 19.021 105.399 24.097
201903 19.514 106.979 24.356
201906 20.022 107.690 24.826
201909 20.497 107.611 25.433
201912 20.965 107.769 25.976
202003 22.656 107.927 28.030
202006 22.589 108.401 27.825
202009 22.575 108.164 27.868
202012 22.336 108.559 27.473
202103 22.362 110.298 27.071
202106 19.248 111.720 23.005
202109 20.316 112.905 24.027
202112 21.260 113.774 24.951
202203 21.670 117.646 24.595
202206 22.539 120.806 24.912
202209 24.039 120.648 26.605
202212 25.138 120.964 27.749
202303 26.133 122.702 28.438
202306 26.189 124.203 28.155
202309 27.323 125.230 29.133
202312 27.865 125.072 29.748
202403 28.443 126.258 30.081
202406 29.463 127.522 30.850
202409 29.916 127.285 31.383
202412 28.626 127.364 30.011
202503 29.501 129.181 30.493
202506 28.714 129.892 29.517
202509 29.633 130.287 30.370
202512 29.854 130.366 30.578
202603 30.753 132.262 31.047
202606 32.186 133.527 32.186

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 1.68 mean?
Winpak (TSX:WPK) has a Cyclically Adjusted PB Ratio of 1.68 as of Aug. 03, 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 Winpak and its competitors. This is 39% below median its historical median of 2.74. Over the past decade, Winpak's Cyclically Adjusted PB Ratio has ranged from 1.57 to 6.96. According to the industry distribution chart, Winpak ranks #196 out of 313 companies in the Packaging & Containers industry, placing it in the top 62.6%.
Is Winpak's Cyclically Adjusted PB Ratio too high?
Winpak's current Cyclically Adjusted PB Ratio of 1.68 is 39% below median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 6.96. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.09. Winpak's value of 1.68 is 54.1% above this industry median. Based on the distribution chart, Winpak ranks #196 out of 313 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Winpak has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Winpak's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Winpak ranks #196 out of 313 companies for Cyclically Adjusted PB Ratio. This places Winpak in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.09. Winpak's value of 1.68 is 54.1% above this benchmark. Historically, Winpak's own Cyclically Adjusted PB Ratio has ranged from 1.57 to 6.96 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 1.09, Winpak 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 1.09, based on 313 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. Winpak's current Cyclically Adjusted PB Ratio of 1.68 is 54.1% 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 Winpak and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winpak's current Cyclically Adjusted PB Ratio is 1.68, which is 39% below median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winpak stock overvalued right now?
Based on GuruFocus' analysis, Winpak (TSX:WPK) is currently considered Fairly Valued. The stock's GF Value™ is C$46.67, compared to a current price of C$43.97 — trading 5.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.68, which is 39% below median its 10-year median of 2.74 and 54.1% above the Packaging & Containers industry median of 1.09. Winpak's overall GF Score™ is 81/100. 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 Winpak (TSX:WPK), the current Cyclically Adjusted PB Ratio is 1.68 as of Aug. 03, 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 Winpak (TSX:WPK) Overvalued in 2026?

Based on GuruFocus' analysis, Winpak stock appears to be undervalued. The current stock price of C$43.97 is trading 5.8% below its estimated GF Value™ of C$46.67. GuruFocus considers Winpak to be Fairly Valued.

Key valuation signals for TSX:WPK:

  • Cyclically Adjusted PB Ratio: 1.68 (39% below median its 10-year median of 2.74)
  • GF Value™: C$46.67 vs. price of C$43.97 (5.8% below fair value)
  • GF Score™: 81/100
  • Industry Position: 54.1% above the Packaging & Containers median (#196 of 313)

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


Winpak Business Description

Other Exchanges WIPKF:USA25W:Germany
Address 100 Saulteaux Crescent, Corporate Office, Winnipeg, MB, CAN, R3J 3T3
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment includes rigid containers, lidding, and specialized printed packaging product groups. The packaging machinery segment includes horizontal fill/seal machines for preformed containers and vertical form/fill/seal machines for liquid, semi-liquid, and certain dry products.
81GF Score

Get the complete analysis for TSX:WPK

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

C$43.97
Price
C$46.67
GF Value