# Clearwater Paper Corporation (CLW) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Paper & Forest Products. Price $20.92, market value $337 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Clearwater Paper Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 61.6×**. Enterprise value is 61.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 16.8%** (5-yr avg 1.6%). Free cash flow equals 16.8% of the market value, above its five-year average of 1.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Operating margin: -6.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -1.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -6.3%**. Return on all capital, debt included, is -6.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.1%**. Each dollar of assets produces -3.1% of profit.

## Growth
- **Revenue growth (1 yr): 12.4%** (3-yr 9.2%/yr, 5-yr -3.6%/yr). Revenue grew 12.4% over the last year, against -3.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -109.8%**. Earnings per share fell 109.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.42**. Debt is 0.42 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 29.8×**. It would take 29.8 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.88**. A Z-score of 1.88 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Clearwater Paper Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -4.6%** (YTD 20.2%, 3-mo 35.9%). The shares are down 4.6% over twelve months including dividends.
- **From 52-week high: -11.3%** (78.3% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.93** (volatility 53%). Beta of 0.93 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CLW · Page: https://foliofundamentals.com/stocks/clw

Not investment advice.