Ramaco Resources (FRA:5R01) Cyclically Adjusted PB Ratio: 1.73 (As of Aug. 06, 2026) — 48% Below Median

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FRA:5R01 Ramaco Resources Inc FRA:5R01
84 GF Score
Price €5.48
GF Value €5.47
Valuation Fairly Valued
! 9 Warning Signs
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What is Ramaco Resources Cyclically Adjusted PB Ratio?

Ramaco Resources FRA:5R01 -6.48% 84 Cyclically Adjusted PB Ratio is 1.73 as of Aug. 06, 2026, which is 48% below its 10-year median of 3.32. GuruFocus rates FRA:5R01 with a GF Score™ of 84/100 and a GF Value™ of €5.47 (Fairly Valued). The stock has 9 warning signs investors should review. Among 503 Steel companies, Ramaco Resources ranks worse than 69.98% on this metric.

As of today (2026-08-06), Ramaco Resources's current share price is €5.48. Ramaco Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.17. Ramaco Resources's Cyclically Adjusted PB Ratio for today is 1.73.

The historical rank and industry rank for Ramaco Resources's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:5R01' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.63   Med: 3.32   Max: 8.92
Current: 1.63

During the past years, Ramaco Resources's highest Cyclically Adjusted PB Ratio was 8.92. The lowest was 1.63. And the median was 3.32.

FRA:5R01's Cyclically Adjusted PB Ratio is ranked worse than
69.98% of 503 companies
in the Steel industry
Industry Median: 0.9 vs FRA:5R01: 1.63

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ramaco Resources's adjusted book value per share data for the three months ended in Jun. 2026 was €4.998. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €3.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramaco Resources  (FRA:5R01) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ramaco Resources Cyclically Adjusted PB Ratio Related Terms


Ramaco Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ramaco Resources's Cyclically Adjusted PB Ratio 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.

Ramaco Resources Cyclically Adjusted PB Ratio Chart

Ramaco Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 3.30

Ramaco Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 2.61 6.28 3.30 2.77 2.34

FRA:5R01 vs SXC, AREC, AMR: Cyclically Adjusted PB Ratio Comparison

For the Coking Coal subindustry, Ramaco Resources's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Ramaco Resources Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Ramaco Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ramaco Resources's Cyclically Adjusted PB Ratio falls into.


FRA:5R01
84GF Score
Ramaco Resources Inc FRA:5R01
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ramaco Resources Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ramaco Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.48/3.17
=1.73

* 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.

Ramaco Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ramaco Resources's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.998/333.9520*333.9520
=4.998

Current CPI (Jun. 2026) = 333.9520.

Ramaco Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.009 241.428 0.012
201612 -0.121 241.432 -0.167
201703 2.993 243.801 4.100
201706 2.738 244.955 3.733
201709 2.456 246.819 3.323
201712 2.422 246.524 3.281
201803 2.412 249.554 3.228
201806 2.779 251.989 3.683
201809 2.930 252.439 3.876
201812 3.095 251.233 4.114
201903 3.227 254.202 4.239
201906 3.471 256.143 4.525
201909 3.709 256.759 4.824
201912 3.740 256.974 4.860
202003 3.669 258.115 4.747
202006 3.678 257.797 4.765
202009 3.435 260.280 4.407
202012 3.255 260.474 4.173
202103 3.310 264.877 4.173
202106 3.489 271.696 4.288
202109 3.735 274.310 4.547
202112 4.237 278.802 5.075
202203 5.167 287.504 6.002
202206 6.003 296.311 6.766
202209 6.837 296.808 7.693
202212 6.610 296.797 7.437
202303 7.084 301.836 7.838
202306 5.853 305.109 6.406
202309 6.215 307.789 6.743
202312 6.361 306.746 6.925
202403 6.394 312.332 6.837
202406 6.428 314.175 6.833
202409 6.151 315.301 6.515
202412 6.430 315.605 6.804
202503 5.948 319.799 6.211
202506 5.411 322.561 5.602
202509 6.755 324.800 6.945
202512 6.214 324.054 6.404
202603 5.656 330.213 5.720
202606 4.998 333.952 4.998

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.73 mean?
Ramaco Resources (FRA:5R01) has a Cyclically Adjusted PB Ratio of 1.73 as of Aug. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ramaco Resources and its competitors. This is 48% below median its historical median of 3.32. Over the past decade, Ramaco Resources' Cyclically Adjusted PB Ratio has ranged from 1.63 to 8.92. According to the industry distribution chart, Ramaco Resources ranks #352 out of 503 companies in the Steel industry, placing it in the top 70%.
Is Ramaco Resources' Cyclically Adjusted PB Ratio too high?
Ramaco Resources' current Cyclically Adjusted PB Ratio of 1.73 is 48% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 8.92. The Steel industry median Cyclically Adjusted PB Ratio is 0.90. Ramaco Resources' value of 1.73 is 92.2% above this industry median. Based on the distribution chart, Ramaco Resources ranks #352 out of 503 companies in the Steel industry, which is below the industry midpoint. Overall, Ramaco Resources has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ramaco Resources' Cyclically Adjusted PB Ratio compare to SXC and AREC?
According to the Steel industry distribution chart, Ramaco Resources ranks #352 out of 503 companies for Cyclically Adjusted PB Ratio. This places Ramaco Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.90. Ramaco Resources' value of 1.73 is 92.2% above this benchmark. Historically, Ramaco Resources' own Cyclically Adjusted PB Ratio has ranged from 1.63 to 8.92 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 0.90, Ramaco Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.90, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramaco Resources's current Cyclically Adjusted PB Ratio of 1.73 is 92.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ramaco Resources and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramaco Resources's current Cyclically Adjusted PB Ratio is 1.73, which is 48% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramaco Resources stock overvalued right now?
Based on GuruFocus' analysis, Ramaco Resources (FRA:5R01) is currently considered Fairly Valued. The stock's GF Value™ is €5.47, compared to a current price of €5.48 — trading 0.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.73, which is 48% below median its 10-year median of 3.32 and 92.2% above the Steel industry median of 0.90. Ramaco Resources' overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ramaco Resources (FRA:5R01), the current Cyclically Adjusted PB Ratio is 1.73 as of Aug. 06, 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 Ramaco Resources (FRA:5R01) Overvalued in 2026?

Based on GuruFocus' analysis, Ramaco Resources stock appears to be overvalued. The current stock price of €5.48 is trading 0.2% above its estimated GF Value™ of €5.47. GuruFocus considers Ramaco Resources to be Fairly Valued.

Key valuation signals for FRA:5R01:

  • Cyclically Adjusted PB Ratio: 1.73 (48% below median its 10-year median of 3.32)
  • GF Value™: €5.47 vs. price of €5.48 (0.2% above fair value)
  • GF Score™: 84/100 with 9 warning signs
  • Industry Position: 92.2% above the Steel median (#352 of 503)

No single metric tells the full story. See the FRA:5R01 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ramaco Resources Business Description

Address 250 West Main Street, Suite 1900, Lexington, KY, USA, 40507
Ramaco Resources Inc is a United States-based company that operates as a pure-play metallurgical coal company with operations in southern West Virginia and southwestern Virginia. Its portfolio includes high-quality metallurgical coal reserves & resources, with a focus on properties such as Elk Creek, Berwind, Knox Creek, and Maben. These properties are strategically located to serve North American blast furnace steel mills and coke plants, as well as international metallurgical coal consumers. Additionally, the company controls mineral deposits in Sheridan, Wyoming, exploring potential opportunities in rare earth elements and coal-to-carbon-based products. The company's two operating segments are Metallurgical Coal segment; and Rare Earths and Critical Minerals.
84GF Score

Get the complete analysis for FRA:5R01

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.48
Price
€5.47
GF Value