WFG (West Fraser Timber Co.Ltd) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WFG West Fraser Timber Co.Ltd WFG
74 GF Score
Price $72.10
GF Value $67.17
Valuation Fairly Valued
! 6 Warning Signs
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What is West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


West Fraser Timber Co.Ltd  (NYSE:WFG) 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.


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Related Terms


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for West Fraser Timber Co.Ltd'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.

West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio Chart

West Fraser Timber Co.Ltd 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 3.00 1.77 1.78 1.57 1.00

West Fraser Timber Co.Ltd 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 1.27 1.14 1.01 1.04 1.05

WFG vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, West Fraser Timber Co.Ltd'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.


West Fraser Timber Co.Ltd Cyclically Adjusted PB Ratio vs Forest Products Industry

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

* The bar in red indicates where West Fraser Timber Co.Ltd's Cyclically Adjusted PB Ratio falls into.


WFG
74GF Score
West Fraser Timber Co.Ltd WFG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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West Fraser Timber Co.Ltd 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.

West Fraser Timber Co.Ltd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, West Fraser Timber Co.Ltd'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)
=71.082/133.5265*133.5265
=71.082

Current CPI (Jun. 2026) = 133.5265.

West Fraser Timber Co.Ltd Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.213 101.765 26.522
201612 21.380 101.449 28.140
201703 22.688 102.634 29.517
201706 24.086 103.029 31.216
201709 26.124 103.345 33.754
201712 27.912 103.345 36.064
201803 28.677 105.004 36.467
201806 30.275 105.557 38.297
201809 31.373 105.636 39.656
201812 30.370 105.399 38.475
201903 29.892 106.979 37.310
201906 29.215 107.690 36.224
201909 28.392 107.611 35.229
201912 27.786 107.769 34.427
202003 26.898 107.927 33.278
202006 26.410 108.401 32.531
202009 30.698 108.164 37.896
202012 36.059 108.559 44.352
202103 54.355 110.298 65.802
202106 66.026 111.720 78.914
202109 69.381 112.905 82.053
202112 72.275 113.774 84.823
202203 82.831 117.646 94.012
202206 89.951 120.806 99.423
202209 91.514 120.648 101.283
202212 91.185 120.964 100.655
202303 90.634 122.702 98.629
202306 88.767 124.203 95.430
202309 90.179 125.230 96.153
202312 88.386 125.072 94.360
202403 88.628 126.258 93.730
202406 89.642 127.522 93.863
202409 88.702 127.285 93.052
202412 86.938 127.364 91.145
202503 87.358 129.181 90.297
202506 87.329 129.892 89.773
202509 84.433 130.287 86.532
202512 74.700 130.366 76.511
202603 72.002 132.262 72.690
202606 71.082 133.527 71.082

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 West Fraser Timber Co.Ltd (WFG) Overvalued in 2026?

Based on GuruFocus' analysis, West Fraser Timber Co.Ltd stock appears to be overvalued. The current stock price of $72.10 is trading 7.3% above its estimated GF Value™ of $67.17. GuruFocus considers West Fraser Timber Co.Ltd to be Fairly Valued.

Key valuation signals for WFG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $67.17 vs. price of $72.10 (7.3% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


West Fraser Timber Co.Ltd Business Description

Other Exchanges WFC:GermanyWFG:Canada
Address 885 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6C 3E8
West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the Southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is one of the largest oriented strand board producers in the world.
74GF Score

Get the complete analysis for WFG

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

$72.10
Price
$67.17
GF Value