Clearwater Paper (STU:5WC) Cyclically Adjusted PS 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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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.

STU:5WC Clearwater Paper Corp STU:5WC
61 GF Score
Price €18.10
GF Value €25.21
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Clearwater Paper Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Clearwater Paper  (STU:5WC) 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.


Clearwater Paper Cyclically Adjusted PS Ratio Related Terms


Clearwater Paper Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Clearwater 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.

Clearwater Paper Cyclically Adjusted PS Ratio Chart

Clearwater 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 0.34 0.34 0.31 0.27 0.14

Clearwater Paper Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.21 0.16 0.13 0.11 0.12

STU:5WC vs MERC, ITP, SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, Clearwater 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.


Clearwater Paper Cyclically Adjusted PS Ratio vs Forest Products Industry

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

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


STU:5WC
61GF Score
Clearwater Paper Corp STU:5WC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clearwater 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.989/333.9520*333.9520
=19.989

Current CPI (Jun. 2026) = 333.9520.

Clearwater Paper Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 22.865 241.428 31.628
201612 23.518 241.432 32.530
201703 24.666 243.801 33.787
201706 23.535 244.955 32.086
201709 21.935 246.819 29.679
201712 22.387 246.524 30.326
201803 21.447 249.554 28.700
201806 21.907 251.989 29.033
201809 22.136 252.439 29.284
201812 22.783 251.233 30.284
201903 22.799 254.202 29.952
201906 24.323 256.143 31.712
201909 24.211 256.759 31.490
201912 23.759 256.974 30.876
202003 26.109 258.115 33.780
202006 26.149 257.797 33.874
202009 23.332 260.280 29.936
202012 22.486 260.474 28.829
202103 20.825 264.877 26.256
202106 20.219 271.696 24.852
202109 22.518 274.310 27.414
202112 24.988 278.802 29.931
202203 25.489 287.504 29.607
202206 28.923 296.311 32.597
202209 31.294 296.808 35.210
202212 30.445 296.797 34.256
202303 28.744 301.836 31.802
202306 28.424 305.109 31.111
202309 15.174 307.789 16.464
202312 15.015 306.746 16.347
202403 14.358 312.332 15.352
202406 19.200 314.175 20.409
202409 21.541 315.301 22.815
202412 21.699 315.605 22.960
202503 21.945 319.799 22.916
202506 21.284 322.561 22.036
202509 21.151 324.800 21.747
202512 20.662 324.054 21.293
202603 19.152 330.213 19.369
202606 19.989 333.952 19.989

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.

Is Clearwater Paper (STU:5WC) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Paper stock appears to be undervalued. The current stock price of €18.10 is trading 28.2% below its estimated GF Value™ of €25.21. GuruFocus considers Clearwater Paper to be Modestly Undervalued.

Key valuation signals for STU:5WC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €25.21 vs. price of €18.10 (28.2% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the STU:5WC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Clearwater Paper Business Description

Other Exchanges CLW:USA
Address 601 West Riverside, Suite 1100, Spokane, WA, USA, 99201
Clearwater Paper Corp is engaged in the manufacturing and supplier of Solid Bleached Sulfate (SBS) paperboard packaging products. The company products includes: SBS paperboard which is a premium paperboard grade that is frequently used to produce folding cartons, food service, commercial printing items. It generates maximum revenue from Pulp and Paperboard segment. Company operate in United States and have globalized access too. Geographically, it derives maximum revenue from the United States.
61GF Score

Get the complete analysis for STU:5WC

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

€18.10
Price
€25.21
GF Value