SW (Smurfit WestRock) Cyclically Adjusted Price-to-FCF: (As of Sep. 20, 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.
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.

SW Smurfit WestRock PLC SW
81 GF Score
Price $44.33
GF Value $47.25
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Smurfit WestRock Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Smurfit WestRock  (NYSE:SW) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Smurfit WestRock Cyclically Adjusted Price-to-FCF Related Terms


Smurfit WestRock Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Smurfit WestRock's Cyclically Adjusted Price-to-FCF 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.

Smurfit WestRock Cyclically Adjusted Price-to-FCF Chart

Smurfit WestRock Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.29 15.77 16.25 23.09 16.04

Smurfit WestRock Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF 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 18.19 17.90 16.04 16.26 18.75

SW vs AMCR, PKG, IP: Cyclically Adjusted Price-to-FCF Comparison

For the Packaging & Containers subindustry, Smurfit WestRock's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Smurfit WestRock Cyclically Adjusted Price-to-FCF vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit WestRock's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Smurfit WestRock's Cyclically Adjusted Price-to-FCF falls into.


SW
81GF Score
Smurfit WestRock PLC SW
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smurfit WestRock Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Smurfit WestRock's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Smurfit WestRock's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.571/128.6700*128.6700
=0.571

Current CPI (Jun. 2026) = 128.6700.

Smurfit WestRock Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201009 0.837 95.988 1.122
201012 0.008 96.187 0.011
201103 0.133 97.683 0.175
201106 0.298 98.081 0.391
201109 0.830 98.480 1.084
201112 0.926 98.480 1.210
201203 -0.081 99.875 -0.104
201206 0.246 99.676 0.318
201209 0.698 100.075 0.897
201212 0.612 99.676 0.790
201303 -0.029 100.374 -0.037
201306 0.457 100.374 0.586
201309 0.998 100.274 1.281
201312 0.152 99.875 0.196
201403 0.377 100.573 0.482
201406 0.435 100.773 0.555
201409 0.859 100.474 1.100
201412 0.022 99.576 0.028
201503 0.096 99.975 0.124
201506 0.225 100.573 0.288
201509 0.765 100.274 0.982
201512 0.570 99.676 0.736
201603 0.019 99.676 0.025
201606 0.144 101.072 0.183
201609 0.773 100.274 0.992
201612 0.484 99.676 0.625
201703 0.031 100.374 0.040
201706 0.159 100.673 0.203
201709 0.762 100.474 0.976
201712 0.584 100.075 0.751
202403 -0.638 120.990 -0.678
202406 0.626 122.318 0.659
202409 -0.382 121.594 -0.404
202412 0.410 122.439 0.431
202503 -0.460 123.405 -0.480
202506 0.593 124.492 0.613
202509 1.041 124.810 1.073
202512 1.155 125.770 1.182
202603 -0.798 127.830 -0.803
202606 0.571 128.670 0.571

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Smurfit WestRock (SW) Overvalued in 2026?

Based on GuruFocus' analysis, Smurfit WestRock stock appears to be undervalued. The current stock price of $44.33 is trading 6.2% below its estimated GF Value™ of $47.25. GuruFocus considers Smurfit WestRock to be Fairly Valued.

Key valuation signals for SW:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: $47.25 vs. price of $44.33 (6.2% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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


Smurfit WestRock Business Description

Address Beech Hill, Clonskeagh, Dublin 4, Dublin, IRL, D04 N2R2
Smurfit WestRock PLC manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. operates a vertically integrated system supplying wood and recovered fiber to produce various grades of board, which are then converted into packaging products. Its main packaging categories include corrugated containers and consumer packaging, with additional products such as solidboard, kraft paper, graphic board, paper sacks, and bag-in-box packaging. The company's geographical segments include North America (including the U.S., Canada and Mexico), Europe, the Middle East and Africa and Asia-Pacific, and Latin America. The majority of the company's revenue is derived from product sales in the North American region.
81GF Score

Get the complete analysis for SW

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

$44.33
Price
$47.25
GF Value