Clearwater Paper (STU:5WC) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


STU:5WC Clearwater Paper Corp STU:5WC
43 GF Score
Price €13.80
GF Value €32.46
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Clearwater Paper Scaled Net Operating Assets?

Clearwater Paper STU:5WC -1.43% 43 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates STU:5WC with a GF Score™ of 43/100 and a GF Value™ of €32.46 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Clearwater Paper's operating assets for the quarter that ended in Mar. 2026 was €1,326 Mil. Clearwater Paper's operating liabilities for the quarter that ended in Mar. 2026 was €331 Mil. Clearwater Paper's Total Assets for the quarter that ended in Dec. 2025 was €1,356 Mil. Therefore, Clearwater Paper's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.

Clearwater Paper Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Clearwater Paper's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Clearwater Paper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.69 0.61 0.67 0.61

Clearwater Paper Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.63 0.65 0.66 0.74 0.73

STU:5WC vs MERC, ITP, SLVM: Scaled Net Operating Assets Comparison

For the Paper & Paper Products subindustry, Clearwater Paper's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Clearwater Paper's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Clearwater Paper's Scaled Net Operating Assets falls into.


STU:5WC
43GF Score
Clearwater Paper Corp STU:5WC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Clearwater Paper Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Clearwater Paper's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1330.19-345.528)/1603.636
=0.61

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1356.408 - 26.218
=1330.19

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=651.602 - 295.057 - 11.017
=345.528

Clearwater Paper's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1326.305-331.209)/1356.408
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1357.877 - 31.572
=1326.305

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=654.026 - 311.832 - 10.985
=331.209

* 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.

What does a Scaled Net Operating Assets of 0.73 mean?
Clearwater Paper (STU:5WC) has a Scaled Net Operating Assets of 0.73 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Clearwater Paper and its competitors.
Is Clearwater Paper's Scaled Net Operating Assets too high?
Clearwater Paper's current Scaled Net Operating Assets is 0.73. Overall, Clearwater Paper has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Paper's Scaled Net Operating Assets compare to MERC and ITP?
Clearwater Paper's Scaled Net Operating Assets of 0.73 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Clearwater Paper and its competitors. Clearwater Paper's current Scaled Net Operating Assets is 0.73. 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 €32.46, compared to a current price of €13.80 — trading 57.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Clearwater Paper's overall GF Score™ is 43/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Clearwater Paper (STU:5WC), the current Scaled Net Operating Assets is 0.73 as of Mar. 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 €13.80 is trading 57.5% below its estimated GF Value™ of €32.46. GuruFocus considers Clearwater Paper to be Significantly Undervalued.

Key valuation signals for STU:5WC:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: €32.46 vs. price of €13.80 (57.5% below fair value)
  • GF Score™: 43/100 with 3 warning signs

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.
43GF Score

Get the complete analysis for STU:5WC

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.80
Price
€32.46
GF Value