International Paper Co (WBO:IPCO) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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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.

WBO:IPCO International Paper Co WBO:IPCO
43 GF Score
Price €37.80
GF Value €38.64
Valuation Fairly Valued
! 3 Warning Signs
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What is International Paper Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


International Paper Co  (WBO:IPCO) 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
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 2.05 1.98 1.66 1.45 0.00

WBO:IPCO vs PKG, AMCR, SW: 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.


WBO:IPCO
43GF Score
International Paper Co WBO:IPCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, International Paper Co'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)
=20.912/333.9520*333.9520
=20.912

Current CPI (Jun. 2026) = 333.9520.

International Paper Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.121 241.428 12.616
201612 10.007 241.432 13.842
201703 10.361 243.801 14.192
201706 9.797 244.955 13.356
201709 9.985 246.819 13.510
201712 13.346 246.524 18.079
201803 14.189 249.554 18.988
201806 14.327 251.989 18.987
201809 14.897 252.439 19.707
201812 16.154 251.233 21.473
201903 16.516 254.202 21.698
201906 16.810 256.143 21.916
201909 17.231 256.759 22.411
201912 17.704 256.974 23.007
202003 15.798 258.115 20.440
202006 15.942 257.797 20.651
202009 15.319 260.280 19.655
202012 16.423 260.474 21.056
202103 16.637 264.877 20.976
202106 17.738 271.696 21.802
202109 21.123 274.310 25.716
202112 21.235 278.802 25.436
202203 21.774 287.504 25.292
202206 23.632 296.311 26.634
202209 26.948 296.808 30.320
202212 22.898 296.797 25.765
202303 22.580 301.836 24.983
202306 22.419 305.109 24.538
202309 24.053 307.789 26.098
202312 22.141 306.746 24.105
202403 21.954 312.332 23.474
202406 22.991 314.175 24.438
202409 22.380 315.301 23.704
202412 22.466 315.605 23.772
202503 31.707 319.799 33.110
202506 30.576 322.561 31.656
202509 27.949 324.800 28.737
202512 23.982 324.054 24.715
202603 24.195 330.213 24.469
202606 20.912 333.952 20.912

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 International Paper Co (WBO:IPCO) Overvalued in 2026?

Based on GuruFocus' analysis, International Paper Co stock appears to be undervalued. The current stock price of €37.80 is trading 2.2% below its estimated GF Value™ of €38.64. GuruFocus considers International Paper Co to be Fairly Valued.

Key valuation signals for WBO:IPCO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €38.64 vs. price of €37.80 (2.2% below fair value)
  • GF Score™: 43/100 with 3 warning signs

No single metric tells the full story. See the WBO:IPCO 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.
43GF Score

Get the complete analysis for WBO:IPCO

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

€37.80
Price
€38.64
GF Value