Clearwater Paper (STU:5WC) Cyclically Adjusted PS Ratio: 0.15 (As of Jul. 28, 2026) — 50% Below Median

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.

STU:5WC Clearwater Paper Corp STU:5WC
46 GF Score
Price €15.10
GF Value €32.98
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Clearwater Paper Cyclically Adjusted PS Ratio?

Clearwater Paper STU:5WC +2.72% 46 Cyclically Adjusted PS Ratio is 0.15 as of Jul. 28, 2026, which is 50% below its 10-year median of 0.30. GuruFocus rates STU:5WC with a GF Score™ of 46/100 and a GF Value™ of €32.98 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 248 Forest Products companies, Clearwater Paper ranks better than 83.47% on this metric.

As of today (2026-07-28), Clearwater Paper's current share price is €15.10. Clearwater Paper's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €100.68. Clearwater Paper's Cyclically Adjusted PS Ratio for today is 0.15.

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

STU:5WC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.3   Max: 0.83
Current: 0.14

During the past years, Clearwater Paper's highest Cyclically Adjusted PS Ratio was 0.83. The lowest was 0.11. And the median was 0.30.

STU:5WC's Cyclically Adjusted PS Ratio is ranked better than
83.47% of 248 companies
in the Forest Products industry
Industry Median: 0.47 vs STU:5WC: 0.14

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.

Clearwater Paper's adjusted revenue per share data for the three months ended in Mar. 2026 was €19.382. 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 €100.68 for the trailing ten years ended in Mar. 2026.

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 0.33 0.33 0.31 0.26 0.15

Clearwater 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 0.22 0.23 0.18 0.15 0.12

STU:5WC vs MERC, ITP: 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
46GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.10/100.68
=0.15

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

For example, Clearwater 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)
=19.382/330.2130*330.2130
=19.382

Current CPI (Mar. 2026) = 330.2130.

Clearwater Paper Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 22.551 241.018 30.897
201609 22.736 241.428 31.097
201612 24.206 241.432 33.107
201703 24.582 243.801 33.295
201706 23.050 244.955 31.073
201709 21.599 246.819 28.897
201712 22.357 246.524 29.947
201803 21.377 249.554 28.286
201806 22.342 251.989 29.278
201809 22.064 252.439 28.862
201812 22.880 251.233 30.073
201903 22.912 254.202 29.763
201906 24.186 256.143 31.180
201909 24.442 256.759 31.434
201912 23.699 256.974 30.453
202003 26.031 258.115 33.302
202006 25.577 257.797 32.762
202009 23.138 260.280 29.355
202012 22.112 260.474 28.032
202103 21.070 264.877 26.267
202106 20.216 271.696 24.570
202109 22.563 274.310 27.161
202112 25.497 278.802 30.199
202203 25.964 287.504 29.821
202206 29.159 296.311 32.495
202209 31.837 296.808 35.420
202212 -19.208 296.797 -21.371
202303 28.805 301.836 31.513
202306 28.553 305.109 30.902
202309 15.468 307.789 16.595
202312 14.311 306.746 15.406
202403 14.337 312.332 15.158
202406 19.203 314.175 20.183
202409 21.321 315.301 22.329
202412 21.447 315.605 22.440
202503 21.364 319.799 22.060
202506 20.916 322.561 21.412
202509 21.060 324.800 21.411
202512 20.577 324.054 20.968
202603 19.382 330.213 19.382

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 0.15 mean?
Clearwater Paper (STU:5WC) has a Cyclically Adjusted PS Ratio of 0.15 as of Jul. 28, 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 Clearwater Paper and its competitors. This is 50% below median its historical median of 0.30. Over the past decade, Clearwater Paper's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.83. According to the industry distribution chart, Clearwater Paper ranks #41 out of 248 companies in the Forest Products industry, placing it in the top 16.5%.
Is Clearwater Paper's Cyclically Adjusted PS Ratio too high?
Clearwater Paper's current Cyclically Adjusted PS Ratio of 0.15 is 50% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.83. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.47. Clearwater Paper's value of 0.15 is 68.1% below this industry median. Based on the distribution chart, Clearwater Paper ranks #41 out of 248 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Clearwater Paper has a GF Score™ of 46/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Paper's Cyclically Adjusted PS Ratio compare to MERC and ITP?
According to the Forest Products industry distribution chart, Clearwater Paper ranks #41 out of 248 companies for Cyclically Adjusted PS Ratio. This places Clearwater Paper in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.47. Clearwater Paper's value of 0.15 is 68.1% below this benchmark. Historically, Clearwater Paper's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.83 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.47, Clearwater 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 0.47, based on 248 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. Clearwater Paper's current Cyclically Adjusted PS Ratio of 0.15 is 68.1% 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 Clearwater Paper and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Paper's current Cyclically Adjusted PS Ratio is 0.15, which is 50% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Paper stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Paper (STU:5WC) is currently considered Significantly Undervalued. The stock's GF Value™ is €32.98, compared to a current price of €15.10 — trading 54.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is 50% below median its 10-year median of 0.30 and 68.1% below the Forest Products industry median of 0.47. Clearwater Paper's overall GF Score™ is 46/100 with 3 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 Clearwater Paper (STU:5WC), the current Cyclically Adjusted PS Ratio is 0.15 as of Jul. 28, 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 Clearwater Paper (STU:5WC) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Paper stock appears to be undervalued. The current stock price of €15.10 is trading 54.2% below its estimated GF Value™ of €32.98. GuruFocus considers Clearwater Paper to be Significantly Undervalued.

Key valuation signals for STU:5WC:

  • Cyclically Adjusted PS Ratio: 0.15 (50% below median its 10-year median of 0.30)
  • GF Value™: €32.98 vs. price of €15.10 (54.2% below fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 68.1% below the Forest Products median (#41 of 248)

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.
46GF 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.

€15.10
Price
€32.98
GF Value