A market research company claims that 64% of firms in the timber industry have seen their values rise in the past 12 months.
Plimsoll Publishing Ltd says the values of some timber companies have soared by as much as 50%.
Senior analyst David Pattison, said he was amazed at the increase despite poor margins and low growth being commonplace in the market.
About 12% of firms saw no change in their value, while 24% suffered a fall.
Plimsoll found firms that chose to focus on improving their internal structures instead of sales increased in value the most.
