Ramaco Resources (FRA:5R01) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:5R01 Ramaco Resources Inc FRA:5R01
84 GF Score
Price €5.86
GF Value €5.83
Valuation Fairly Valued
! 9 Warning Signs
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What is Ramaco Resources Cyclically Adjusted PB Ratio?

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 0.00

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.
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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 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)
=5.506/333.9520*333.9520
=5.506

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 5.506 333.952 5.506

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.

Is Ramaco Resources (FRA:5R01) Overvalued in 2026?

Based on GuruFocus' analysis, Ramaco Resources stock appears to be overvalued. The current stock price of €5.86 is trading 0.5% above its estimated GF Value™ of €5.83. GuruFocus considers Ramaco Resources to be Fairly Valued.

Key valuation signals for FRA:5R01:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €5.83 vs. price of €5.86 (0.5% above fair value)
  • GF Score™: 84/100 with 9 warning signs

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.

€5.86
Price
€5.83
GF Value