Packaging Corp Of America (PKG)
Materials · Paper & Plastic Packaging Products & Materials · US stock · S&P 500 component
$236.00
▲ +3.42 (1.47%)
Fair valueFair
$255 +8.1% to fair value
$128fair band $179–$332$383
Day's range
$233.46 – $237.50
52-week range
$186.77 – $258.31
About Packaging Corp Of America
Packaging Corporation of America is a producer of containerboard and corrugated packaging in the United States. It manufactures linerboard and medium at its mills and converts them into corrugated boxes and displays at its plants, which are sold to makers of food, consumer products and industrial goods. Revenue follows shipments and prices of boxes and containerboard, with costs affected by fiber, energy and freight.
The company reported revenue of $9.5 billion for the last twelve months. Across three years, revenue grew 2.0% a year. It posts an operating margin of 10.9%, with return on invested capital of 10%. Leverage, measured as net debt to EBITDA, is 1.9 times. The dividend yield is 2.3%. Overall, the X-Ray Score comes to 54 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $186.77 – $258.31Volume 917,400Daily, split-adjusted
Vitals
Market cap$21.0B
52-week range$186.77 – $258.31
Volume (last day)917,400
P/E (TTM)30.5
EBIT / EV yield4.2%
Free-cash-flow yield3.5%
Dividend yield2.3%
Revenue (TTM)$9.5B
Net income (TTM)$692M
Operating margin10.9%
Return on capital9.7%
Debt incl. leases$4.0B
Cash & securities$594M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$255model spread $242 – $271
Fair
+8.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (1.29x of the last twelve months)
Price $236
Undervalued < $179Fair $179 – $332Overvalued > $332
10-year DCF (market-scaled)
$227
Peer multiples
$241
Earnings power floor (not blended)
$101
Fundamentals-adjusted multiple
$298
Growth the price implies
13.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Fair
52/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.2%
Free-cash-flow yield3.5%
Fair value vs price1.1×
Growth
Fair
58/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)2.0%
EPS growth (3y)-8.0%
Growth consistency100%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital9.7%
Operating margin10.9%
Gross profitability17.4%
Financial health
Fair
56/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score3 / 9
Net debt / EBITDA1.9×
Interest coverNo interest cost
Dividends
Fair
51/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.3%
Dividends vs free cash flow66%
Dividend growth2.3%
Quarterly results: last 6 quarters
+8.2%
Mar '25
+4.6%
Jun '25
+6.0%
Sep '25
+10.1%
Dec '25
+10.6%
Mar '26
+14.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.5B, diluted EPS $2.15.
Compare with peers
AVY Avery Dennison Corp60 AMCR Amcor plc55 SW Smurfit Westrock plc52 IP International Paper Co36Other Paper & Plastic Packaging Products & Materials companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 10 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 59/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $7.7B | $8.5B | $7.8B | $8.4B | $9.0B |
| Operating income | $1.2B | $1.4B | $1.1B | $1.1B | $1.1B |
| Net income | $841M | $1.0B | $765M | $805M | $774M |
| Operating cash flow | $1.1B | $1.5B | $1.3B | $1.2B | $1.6B |
| Operating margin | 16.1% | 16.8% | 13.8% | 13.1% | 12.3% |
| Free cash flow | $489M | $671M | $845M | $522M | $729M |
| Diluted EPS | $8.83 | $11.03 | $8.48 | $8.93 | $8.58 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 2 neutral · 4 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 230.5 | Bullish |
| EMA 10 | 231.7 | Bullish |
| SMA 20 | 232.6 | Bullish |
| EMA 20 | 232.2 | Bullish |
| SMA 50 | 237.9 | Bearish |
| EMA 50 | 234.3 | Bullish |
| SMA 100 | 234.8 | Bullish |
| EMA 100 | 232.3 | Bullish |
| SMA 200 | 225.3 | Bullish |
| EMA 200 | 225.4 | Bullish |
Oscillators (daily)
| RSI (14) | 54.96 | Neutral |
| MACD (12, 26) | -1.19 | Bearish |
| Momentum (12) | 2.94 | Bullish |
| Stochastic %K (14) | 88.19 | Bearish |
| Williams %R (14) | -11.81 | Bearish |
| CCI (20) | 52.42 | Neutral |
Pivot points (classic, last session)
S3 229.8 | S2 231.6 | S1 233.8 | Pivot 235.7 | R1 237.8 | R2 239.7 | R3 241.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.50 USD
Yield on today's price
2.33%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 15 Sep 2026 | 1.5000 |
| 15 Jun 2026 | 1.5000 |
| 13 Mar 2026 | 1.2500 |
| 15 Dec 2025 | 1.2500 |
| 15 Sep 2025 | 1.2500 |
| 13 Jun 2025 | 1.2500 |
| 14 Mar 2025 | 1.2500 |
| 20 Dec 2024 | 1.2500 |
| 16 Sep 2024 | 1.2500 |
| 14 Jun 2024 | 1.2500 |
| 14 Mar 2024 | 1.2500 |
| 15 Dec 2023 | 1.2500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
PKG SEC filings
7 Aug 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations
13 May 2026
8-KSEC EDGAR
Shareholder vote results
8 May 2026
10-QSEC EDGAR
Quarterly report
23 Apr 2026
8-KSEC EDGAR
Results of operations
27 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
3 Mar 2026
8-KSEC EDGAR
Director or officer change
26 Feb 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.