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Clearwater PaperCLW +5.71%52 EV-to-OCF is 5.86 as of Aug. 04, 2026, which is 30% below its 10-year median of 8.35. GuruFocus rates CLW with a GF Score™ of 52/100 and a GF Value™ of $31.92 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 285 Forest Products companies, Clearwater Paper ranks better than 60.7% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Clearwater Paper's Enterprise Value is $636 Mil.
Clearwater Paper's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $109 Mil. Therefore, Clearwater Paper's EV-to-OCF for today is 5.86.
The historical rank and industry rank for Clearwater Paper's EV-to-OCF or its related term are showing as below:
CLW'
s EV-to-OCF Range Over the Past 10 Years
Min: -23.1 Med: 8.35 Max: 196.99
Current: 5.86
During the past 13 years, the highest EV-to-OCF of Clearwater Paper was 196.99. The lowest was -23.10. And the median was 8.35.
CLW's EV-to-OCF is ranked better than 60.7% of 285
companies
in the Forest Products industry
Industry Median: 8.13
vs CLW: 5.86
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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:
Clearwater Paper's share price for today is $22.23.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Clearwater Paper EV-to-OCF Related Terms
Clearwater Paper EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Clearwater Paper's EV-to-OCF 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.
For the Paper & Paper Products subindustry, Clearwater Paper's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Clearwater Paper's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Clearwater Paper's EV-to-OCF falls into.
Clearwater Paper's current Enterprise Value is $636 Mil.
Clearwater Paper's Cash Flow from Operations 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 $109 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.
Clearwater Paper (CLW) has a EV-to-OCF of 5.86 as of Aug. 04, 2026. This is 30% below median its historical median of 8.35. According to the industry distribution chart, Clearwater Paper ranks #112 out of 285 companies in the Forest Products industry, placing it in the top 39.3%.
Is Clearwater Paper's EV-to-OCF too high?
Clearwater Paper's current EV-to-OCF of 5.86 is 30% below median its 10-year median of 8.35. The Forest Products industry median EV-to-OCF is 8.13. Clearwater Paper's value of 5.86 is 27.9% below this industry median. Based on the distribution chart, Clearwater Paper ranks #112 out of 285 companies in the Forest Products industry, which is above the industry midpoint. 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-OCF compare to MERC and ITP?
According to the Forest Products industry distribution chart, Clearwater Paper ranks #112 out of 285 companies for EV-to-OCF. This puts Clearwater Paper in the upper half of its industry. The industry median EV-to-OCF is 8.13. Clearwater Paper's value of 5.86 is 27.9% below this benchmark. While the company's 10-year median is 8.35 vs. the industry median of 8.13, 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 EV-to-OCF for a Forest Products company?
The median EV-to-OCF among Forest Products companies is 8.13, based on 285 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Paper's current EV-to-OCF of 5.86 is 27.9% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Forest Products industry, the median EV-to-OCF is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Paper's current EV-to-OCF is 5.86, which is 30% below median its own 10-year median of 8.35. 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 $31.92, compared to a current price of $22.23 — trading 30.4% below its estimated fair value. The current EV-to-OCF is 5.86, which is 30% below median its 10-year median of 8.35 and 27.9% below the Forest Products industry median of 8.13. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Clearwater Paper (CLW), the current EV-to-OCF is 5.86 as of Aug. 04, 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 $22.23 is trading 30.4% below its estimated GF Value™ of $31.92.
GuruFocus considers Clearwater Paper to be Possible Value Trap.
Key valuation signals for CLW:
EV-to-OCF: 5.86 (30% below median its 10-year median of 8.35)
GF Value™: $31.92 vs. price of $22.23 (30.4% below fair value)
Industry Position: 27.9% below the Forest Products median (#112 of 285)
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 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
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