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Morningstar

Morningstar

Mar 19, 2026

Packaging Corporation of America: Packaging Corp. Earnings: Expected Price Hikes Don’t Change Our Long-Term Outlook; Valuation Intact

Symbols

PKG

Sector(s)

Consumer Cyclical

Rating

Current Price

218.06

Fair Value

Economic Moat

Stewardship

Summary

Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. PCA differentiates itself from lar

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Analyst Profile

Krzysztof Smalec

Equity Analyst

Krzysztof Smalec, CFA, is an equity analyst on the industrials team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers diversified industrial companies, including producers of industrial gases.Before joining Morningstar in 2018, Smalec spent six years working as a valuation consultant at Marshall & Stevens, where he specialized in valuing structured investments in renewable energy projects.Smalec holds a bachelor’s degree in finance and economics from DePaul University. He also holds the Chartered Financial Analyst® designation.

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