Klabin (BSP:KLBN4) PB Ratio: 2.38 (As of Jul. 27, 2026) — 26% 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.
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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.

BSP:KLBN4 Klabin SA BSP:KLBN4
67 GF Score
Price R$3.50
GF Value R$4.18
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Klabin PB Ratio?

Klabin BSP:KLBN4 -0.57% 67 PB Ratio is 2.38 as of Jul. 27, 2026, which is 26% below its 10-year median of 3.21. GuruFocus rates BSP:KLBN4 with a GF Score™ of 67/100 and a GF Value™ of R$4.18 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 271 Forest Products companies, Klabin ranks worse than 85.61% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-27), Klabin's share price is R$3.50. Klabin's Book Value per Share for the quarter that ended in Mar. 2026 was R$1.47. Hence, Klabin's PB Ratio of today is 2.38.

The historical rank and industry rank for Klabin's PB Ratio or its related term are showing as below:

BSP:KLBN4' s PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 3.21   Max: 11.07
Current: 2.4

During the past 13 years, Klabin's highest PB Ratio was 11.07. The lowest was 1.86. And the median was 3.21.

BSP:KLBN4's PB Ratio is ranked worse than
85.61% of 271 companies
in the Forest Products industry
Industry Median: 0.77 vs BSP:KLBN4: 2.40

During the past 12 months, Klabin's average Book Value Per Share Growth Rate was 4.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -6.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Klabin was 44.60% per year. The lowest was -29.80% per year. And the median was 4.80% per year.

Back to Basics: PB Ratio


Klabin  (BSP:KLBN4) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Klabin PB Ratio Related Terms


Klabin PB Ratio Historical Data

* Premium members only.

The historical data trend for Klabin's PB 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.

Klabin PB Ratio Chart

Klabin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.78 2.31 2.10 4.20 2.93

Klabin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB 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 2.64 2.18 2.12 2.93 2.67

BSP:KLBN4 vs SLVM: PB Ratio Comparison

For the Paper & Paper Products subindustry, Klabin's PB Ratio, along with its competitors' market caps and PB 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.


Klabin PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Klabin's PB Ratio distribution charts can be found below:

* The bar in red indicates where Klabin's PB Ratio falls into.


BSP:KLBN4
67GF Score
Klabin SA BSP:KLBN4
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Klabin PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Klabin's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=3.50/1.473
=2.38

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.38 mean?
Klabin (BSP:KLBN4) has a PB Ratio of 2.38 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Klabin and its competitors. This is 26% below median its historical median of 3.21. Over the past decade, Klabin's PB Ratio has ranged from 1.86 to 11.07. According to the industry distribution chart, Klabin ranks #232 out of 271 companies in the Forest Products industry, placing it in the top 85.6%.
Is Klabin's PB Ratio too high?
Klabin's current PB Ratio of 2.38 is 26% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 11.07. The Forest Products industry median PB Ratio is 0.77. Klabin's value of 2.38 is 209.1% above this industry median. Based on the distribution chart, Klabin ranks #232 out of 271 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Klabin has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Klabin's PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Klabin ranks #232 out of 271 companies for PB Ratio. This places Klabin in the lower half of its industry. The industry median PB Ratio is 0.77. Klabin's value of 2.38 is 209.1% above this benchmark. Historically, Klabin's own PB Ratio has ranged from 1.86 to 11.07 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 0.77, Klabin 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 PB Ratio for a Forest Products company?
The median PB Ratio among Forest Products companies is 0.77, based on 271 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Klabin's current PB Ratio of 2.38 is 209.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Klabin and its competitors. For the Forest Products industry, the median PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Klabin's current PB Ratio is 2.38, which is 26% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Klabin stock overvalued right now?
Based on GuruFocus' analysis, Klabin (BSP:KLBN4) is currently considered Modestly Undervalued. The stock's GF Value™ is R$4.18, compared to a current price of R$3.50 — trading 16.3% below its estimated fair value. The current PB Ratio is 2.38, which is 26% below median its 10-year median of 3.21 and 209.1% above the Forest Products industry median of 0.77. Klabin's overall GF Score™ is 67/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Klabin (BSP:KLBN4), the current PB Ratio is 2.38 as of Jul. 27, 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 Klabin (BSP:KLBN4) Overvalued in 2026?

Based on GuruFocus' analysis, Klabin stock appears to be undervalued. The current stock price of R$3.50 is trading 16.3% below its estimated GF Value™ of R$4.18. GuruFocus considers Klabin to be Modestly Undervalued.

Key valuation signals for BSP:KLBN4:

  • PB Ratio: 2.38 (26% below median its 10-year median of 3.21)
  • GF Value™: R$4.18 vs. price of R$3.50 (16.3% below fair value)
  • GF Score™: 67/100 with 10 warning signs
  • Industry Position: 209.1% above the Forest Products median (#232 of 271)

No single metric tells the full story. See the BSP:KLBN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Klabin Business Description

Address Avenida Brigadeiro Faria Lima 3600, 3rd, 4th and 5th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Klabin SA operates in various segments of the pulp and paper industry, supplying domestic and foreign markets with wood, bleached pulp, packaging paper, paper sacks, and corrugated cardboard boxes. The firm organizes itself into four segments based on product type: Forestry, Paper, Packaging, and Pulp. The Forestry segment involves operations related to planting and growing pine and eucalyptus trees and selling timber to third parties. The Paper segment mainly involves the production of cardboard, Kraftliner, and recycled paper rolls, and their sale. The Packaging segment, which derives maximum revenue, involves the production and sale of corrugated cardboard boxes, cardboard, and industrial bags. The Pulp segment includes the production and sale of short, long, and fluff fiber pulp.
67GF Score

Get the complete analysis for BSP:KLBN4

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

R$3.50
Price
R$4.18
GF Value