CLW (Clearwater Paper) EV-to-EBITDA: 74.54 (As of Aug. 03, 2026) — 852% Above Median

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CLW Clearwater Paper Corp CLW
52 GF Score
Price $21.61
GF Value $32.30
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Clearwater Paper EV-to-EBITDA?

Clearwater Paper CLW +2.73% 52 EV-to-EBITDA is 74.54 as of Aug. 03, 2026, which is 852% above its 10-year median of 7.83. GuruFocus rates CLW with a GF Score™ of 52/100 and a GF Value™ of $32.30 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 218 Forest Products companies, Clearwater Paper ranks worse than 94.5% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Clearwater Paper's enterprise value is $626 Mil. Clearwater Paper's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $8 Mil. Therefore, Clearwater Paper's EV-to-EBITDA for today is 74.54.

The historical rank and industry rank for Clearwater Paper's EV-to-EBITDA or its related term are showing as below:

CLW' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1229.29   Med: 7.83   Max: 627.43
Current: 74.54

During the past 13 years, the highest EV-to-EBITDA of Clearwater Paper was 627.43. The lowest was -1229.29. And the median was 7.83.

CLW's EV-to-EBITDA is ranked worse than
94.5% of 218 companies
in the Forest Products industry
Industry Median: 8.875 vs CLW: 74.54

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-03), Clearwater Paper's stock price is $21.605. Clearwater Paper's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-3.040. Therefore, Clearwater Paper's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Clearwater Paper  (NYSE:CLW) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Clearwater Paper's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=21.605/-3.040
=At Loss

Clearwater Paper's share price for today is $21.605.
Clearwater Paper's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.040.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Clearwater Paper EV-to-EBITDA Related Terms


Clearwater Paper EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Clearwater Paper's EV-to-EBITDA 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 EV-to-EBITDA Chart

Clearwater Paper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.89 8.63 8.50 -781.41 12.43

Clearwater Paper Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 14.72 -115.44 12.43 13.32 63.16

CLW vs MERC, ITP: EV-to-EBITDA Comparison

For the Paper & Paper Products subindustry, Clearwater Paper's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Clearwater Paper's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Clearwater Paper's EV-to-EBITDA falls into.


CLW
52GF Score
Clearwater Paper Corp CLW
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clearwater Paper EV-to-EBITDA Calculation

Clearwater Paper's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=626.139/8.4
=74.54

Clearwater Paper's current Enterprise Value is $626 Mil.
Clearwater Paper's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 74.54 mean?
Clearwater Paper (CLW) has a EV-to-EBITDA of 74.54 as of Aug. 03, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Clearwater Paper. This is 852% above median its historical median of 7.83. According to the industry distribution chart, Clearwater Paper ranks #206 out of 218 companies in the Forest Products industry, placing it in the top 94.5%.
Is Clearwater Paper's EV-to-EBITDA too high?
Clearwater Paper's current EV-to-EBITDA of 74.54 is 852% above median its 10-year median of 7.83. The Forest Products industry median EV-to-EBITDA is 8.88. Clearwater Paper's value of 74.54 is 739.9% above this industry median. Based on the distribution chart, Clearwater Paper ranks #206 out of 218 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Clearwater Paper has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Clearwater Paper's EV-to-EBITDA compare to MERC and ITP?
According to the Forest Products industry distribution chart, Clearwater Paper ranks #206 out of 218 companies for EV-to-EBITDA. This places Clearwater Paper in the lower half of its industry. The industry median EV-to-EBITDA is 8.88. Clearwater Paper's value of 74.54 is 739.9% above this benchmark. While the company's 10-year median is 7.83 vs. the industry median of 8.88, Clearwater Paper has consistently been above 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 EV-to-EBITDA for a Forest Products company?
The median EV-to-EBITDA among Forest Products companies is 8.88, based on 218 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Paper's current EV-to-EBITDA of 74.54 is 739.9% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Clearwater Paper. For the Forest Products industry, the median EV-to-EBITDA is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Paper's current EV-to-EBITDA is 74.54, which is 852% above median its own 10-year median of 7.83. 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 (CLW) is currently considered Possible Value Trap. The stock's GF Value™ is $32.30, compared to a current price of $21.61 — trading 33.1% below its estimated fair value. The current EV-to-EBITDA is 74.54, which is 852% above median its 10-year median of 7.83 and 739.9% above the Forest Products industry median of 8.88. Clearwater Paper's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Clearwater Paper (CLW), the current EV-to-EBITDA is 74.54 as of Aug. 03, 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 (CLW) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Paper stock appears to be undervalued. The current stock price of $21.61 is trading 33.1% below its estimated GF Value™ of $32.30. GuruFocus considers Clearwater Paper to be Possible Value Trap.

Key valuation signals for CLW:

  • EV-to-EBITDA: 74.54 (852% above median its 10-year median of 7.83)
  • GF Value™: $32.30 vs. price of $21.61 (33.1% below fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 739.9% above the Forest Products median (#206 of 218)

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


Clearwater Paper Business Description

Other Exchanges 5WC:Germany
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.
52GF Score

Get the complete analysis for CLW

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.61
Price
$32.30
GF Value