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Clearwater PaperCLW +2.79%59 Shiller PE Ratio is 10.27 as of Sep. 13, 2026, which is 38% below its 10-year median of 16.52. GuruFocus rates CLW with a GF Score™ of 59/100 and a GF Value™ of $31.21 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 190 Forest Products companies, Clearwater Paper ranks better than 59.47% on this metric.
As of today (2026-09-13), Clearwater Paper's current share price is $20.24. Clearwater Paper's E10 for the quarter that ended in Jun. 2026 was $1.97. Clearwater Paper's Shiller PE Ratio for today is 10.27.
The historical rank and industry rank for Clearwater Paper's Shiller PE Ratio or its related term are showing as below:
CLW'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.14 Med: 16.52 Max: 37.9
Current: 10.29
During the past years, Clearwater Paper's highest Shiller PE Ratio was 37.90. The lowest was 5.14. And the median was 16.52.
CLW's Shiller PE Ratio is ranked better than 59.47% of 190
companies
in the Forest Products industry
Industry Median: 11.885
vs CLW: 10.29
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Clearwater Paper's adjusted earnings per share data for the three months ended in Jun. 2026 was $-1.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.97 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Clearwater Paper (NYSE:CLW) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Clearwater Paper Shiller PE Ratio Related Terms
Clearwater Paper Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Clearwater Paper's Shiller PE 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.
CLW vs MERC, ITP, SLVM: Shiller PE Ratio Comparison
For the Paper & Paper Products subindustry, Clearwater Paper's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Clearwater Paper's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Clearwater Paper's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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 E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Clearwater Paper's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
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.
Clearwater Paper (CLW) has a Shiller PE Ratio of 10.27 as of Sep. 13, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Clearwater Paper and its competitors. This is 38% below median its historical median of 16.52. Over the past decade, Clearwater Paper's Shiller PE Ratio has ranged from 5.14 to 37.90. According to the industry distribution chart, Clearwater Paper ranks #77 out of 190 companies in the Forest Products industry, placing it in the top 40.5%.
Is Clearwater Paper's Shiller PE Ratio too high?
Clearwater Paper's current Shiller PE Ratio of 10.27 is 38% below median its 10-year median of 16.52. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 37.90. The Forest Products industry median Shiller PE Ratio is 11.89. Clearwater Paper's value of 10.27 is 13.6% below this industry median. Based on the distribution chart, Clearwater Paper ranks #77 out of 190 companies in the Forest Products industry, which is above the industry midpoint. Overall, Clearwater Paper has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Clearwater Paper's Shiller PE Ratio compare to MERC and ITP?
According to the Forest Products industry distribution chart, Clearwater Paper ranks #77 out of 190 companies for Shiller PE Ratio. This puts Clearwater Paper in the upper half of its industry. The industry median Shiller PE Ratio is 11.89. Clearwater Paper's value of 10.27 is 13.6% below this benchmark. Historically, Clearwater Paper's own Shiller PE Ratio has ranged from 5.14 to 37.90 over the past decade. While the company's 10-year median is 16.52 vs. the industry median of 11.89, 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 Shiller PE Ratio for a Forest Products company?
The median Shiller PE Ratio among Forest Products companies is 11.89, based on 190 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Paper's current Shiller PE Ratio of 10.27 is 13.6% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Clearwater Paper and its competitors. For the Forest Products industry, the median Shiller PE Ratio is 11.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Paper's current Shiller PE Ratio is 10.27, which is 38% below median its own 10-year median of 16.52. 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 $31.21, compared to a current price of $20.24 — trading 35.1% below its estimated fair value. The current Shiller PE Ratio is 10.27, which is 38% below median its 10-year median of 16.52 and 13.6% below the Forest Products industry median of 11.89. Clearwater Paper's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Clearwater Paper (CLW), the current Shiller PE Ratio is 10.27 as of Sep. 13, 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 $20.24 is trading 35.1% below its estimated GF Value™ of $31.21.
GuruFocus considers Clearwater Paper to be Possible Value Trap.
Key valuation signals for CLW:
Shiller PE Ratio: 10.27 (38% below median its 10-year median of 16.52)
GF Value™: $31.21 vs. price of $20.24 (35.1% below fair value)
Industry Position: 13.6% below the Forest Products median (#77 of 190)
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.
59GF Score
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