Arctic Paper (OSTO:ARP) Cyclically Adjusted PS Ratio: 0.09 (As of Jul. 18, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

OSTO:ARP Arctic Paper SA OSTO:ARP
54 GF Score
Price kr15.50
GF Value kr35.67
Valuation Possible Value Trap
! 6 Warning Signs
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What is Arctic Paper Cyclically Adjusted PS Ratio?

Arctic Paper OSTO:ARP +0.35% 54 Cyclically Adjusted PS Ratio is 0.09 as of Jul. 18, 2026, which is 44% below its 10-year median of 0.16. GuruFocus rates OSTO:ARP with a GF Score™ of 54/100 and a GF Value™ of kr35.67 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 247 Forest Products companies, Arctic Paper ranks better than 89.07% on this metric.

As of today (2026-07-18), Arctic Paper's current share price is kr15.496. Arctic Paper's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr164.67. Arctic Paper's Cyclically Adjusted PS Ratio for today is 0.09.

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

OSTO:ARP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.16   Max: 0.41
Current: 0.1

During the past years, Arctic Paper's highest Cyclically Adjusted PS Ratio was 0.41. The lowest was 0.05. And the median was 0.16.

OSTO:ARP's Cyclically Adjusted PS Ratio is ranked better than
89.07% of 247 companies
in the Forest Products industry
Industry Median: 0.45 vs OSTO:ARP: 0.10

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Arctic Paper's adjusted revenue per share data for the three months ended in Mar. 2026 was kr29.472. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr164.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arctic Paper  (OSTO:ARP) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Arctic Paper Cyclically Adjusted PS Ratio Related Terms


Arctic Paper Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Arctic Paper's Cyclically Adjusted PS 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.

Arctic Paper Cyclically Adjusted PS Ratio Chart

Arctic Paper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.32 0.36 0.24 0.13

Arctic Paper Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.24 0.17 0.13 0.13 0.12

OSTO:ARP vs SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, Arctic Paper's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Arctic Paper Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Arctic Paper's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Arctic Paper's Cyclically Adjusted PS Ratio falls into.


OSTO:ARP
54GF Score
Arctic Paper SA OSTO:ARP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arctic Paper Cyclically Adjusted PS Ratio Calculation

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

Arctic Paper's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.496/164.67
=0.09

* 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.

Arctic Paper's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Arctic Paper's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=29.472/163.0700*163.0700
=29.472

Current CPI (Mar. 2026) = 163.0700.

Arctic Paper Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 26.114 99.552 42.776
201609 27.516 99.064 45.294
201612 25.604 100.366 41.600
201703 28.020 101.018 45.232
201706 25.456 101.180 41.027
201709 26.643 101.343 42.871
201712 26.791 102.564 42.596
201803 28.533 102.564 45.366
201806 28.390 103.378 44.783
201809 29.564 103.378 46.635
201812 27.830 103.785 43.727
201903 29.710 104.274 46.463
201906 27.608 105.983 42.479
201909 28.761 105.983 44.253
201912 26.781 107.123 40.768
202003 29.470 109.076 44.058
202006 22.303 109.402 33.244
202009 25.447 109.320 37.959
202012 25.875 109.565 38.511
202103 28.343 112.658 41.026
202106 28.479 113.960 40.752
202109 32.211 115.588 45.443
202112 34.524 119.088 47.274
202203 40.217 125.031 52.453
202206 46.934 131.705 58.111
202209 50.766 135.531 61.081
202212 39.287 139.113 46.053
202303 37.373 145.950 41.757
202306 30.277 147.009 33.585
202309 30.949 146.113 34.541
202312 29.902 147.741 33.004
202403 34.953 149.044 38.242
202406 30.385 150.997 32.814
202409 29.663 153.439 31.525
202412 29.357 154.660 30.953
202503 29.790 157.021 30.938
202506 30.176 157.509 31.241
202509 28.828 158.000 29.753
202512 26.979 158.320 27.788
202603 29.472 163.070 29.472

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.09 mean?
Arctic Paper (OSTO:ARP) has a Cyclically Adjusted PS Ratio of 0.09 as of Jul. 18, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Arctic Paper and its competitors. This is 44% below median its historical median of 0.16. Over the past decade, Arctic Paper's Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.41. According to the industry distribution chart, Arctic Paper ranks #27 out of 247 companies in the Forest Products industry, placing it in the top 10.9%.
Is Arctic Paper's Cyclically Adjusted PS Ratio too high?
Arctic Paper's current Cyclically Adjusted PS Ratio of 0.09 is 44% below median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.41. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. Arctic Paper's value of 0.09 is 80% below this industry median. Based on the distribution chart, Arctic Paper ranks #27 out of 247 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Arctic Paper has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctic Paper's Cyclically Adjusted PS Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Arctic Paper ranks #27 out of 247 companies for Cyclically Adjusted PS Ratio. This places Arctic Paper in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.45. Arctic Paper's value of 0.09 is 80% below this benchmark. Historically, Arctic Paper's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.41 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.45, Arctic Paper 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 PS Ratio for a Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.45, based on 247 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arctic Paper's current Cyclically Adjusted PS Ratio of 0.09 is 80% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Arctic Paper and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arctic Paper's current Cyclically Adjusted PS Ratio is 0.09, which is 44% below median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Paper stock overvalued right now?
Based on GuruFocus' analysis, Arctic Paper (OSTO:ARP) is currently considered Possible Value Trap. The stock's GF Value™ is kr35.67, compared to a current price of kr15.50 — trading 56.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.09, which is 44% below median its 10-year median of 0.16 and 80% below the Forest Products industry median of 0.45. Arctic Paper's overall GF Score™ is 54/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Arctic Paper (OSTO:ARP), the current Cyclically Adjusted PS Ratio is 0.09 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 Arctic Paper (OSTO:ARP) Overvalued in 2026?

Based on GuruFocus' analysis, Arctic Paper stock appears to be undervalued. The current stock price of kr15.50 is trading 56.6% below its estimated GF Value™ of kr35.67. GuruFocus considers Arctic Paper to be Possible Value Trap.

Key valuation signals for OSTO:ARP:

  • Cyclically Adjusted PS Ratio: 0.09 (44% below median its 10-year median of 0.16)
  • GF Value™: kr35.67 vs. price of kr15.50 (56.6% below fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 80% below the Forest Products median (#27 of 247)

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


Arctic Paper Business Description

Other Exchanges ATC:PolandA0P:Germany
Address UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industry. The company's segment includes Paper and Pulp. The firm derives maximum revenue from the Paper segment. The majority of revenue is generated from Uncoated segment. Geographically, the firm derives revenue from Germany, France, the UK, Scandinavia, Western Europe (other countries), Poland, Central and Eastern Europe (other than Poland), and Outside Europe.
54GF Score

Get the complete analysis for OSTO:ARP

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

kr15.50
Price
kr35.67
GF Value