Olympic Steel (FRA:OYS) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 12, 2026) — 53% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:OYS Olympic Steel Inc FRA:OYS
58 GF Score
Price €42.40
GF Value €32.26
! 8 Warning Signs
View Full Analysis

What is Olympic Steel Cyclically Adjusted PB Ratio?

Olympic Steel FRA:OYS 58 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 12, 2026, which is 53% above its 10-year median of 0.81. GuruFocus rates FRA:OYS with a GF Score™ of 58/100 and a GF Value™ of €32.26. The stock has 8 warning signs investors should review.

As of today (2026-08-12), Olympic Steel's current share price is €42.40. Olympic Steel's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was €34.18. Olympic Steel's Cyclically Adjusted PB Ratio for today is 1.24.

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

FRA:OYS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.81   Max: 1.97
Current: 1.17

During the past years, Olympic Steel's highest Cyclically Adjusted PB Ratio was 1.97. The lowest was 0.29. And the median was 0.81.

FRA:OYS's Cyclically Adjusted PB Ratio is not ranked
in the Steel industry.
Industry Median: 0.915 vs FRA:OYS: 1.17

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.

Olympic Steel's adjusted book value per share data for the three months ended in Sep. 2025 was €44.063. 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 €34.18 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Olympic Steel  (FRA:OYS) 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.


Olympic Steel Cyclically Adjusted PB Ratio Related Terms


Olympic Steel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Olympic Steel'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.

Olympic Steel Cyclically Adjusted PB Ratio Chart

Olympic Steel Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.77 1.00 1.86 0.85

Olympic Steel Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 1.03 0.85 0.80 0.81 0.74

FRA:OYS vs MSB, NWPX, MTUS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Olympic Steel'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.


Olympic Steel Cyclically Adjusted PB Ratio vs Steel Industry

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

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


FRA:OYS
58GF Score
Olympic Steel Inc FRA:OYS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Olympic Steel 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.

Olympic Steel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.40/34.18
=1.24

* 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.

Olympic Steel's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Olympic Steel's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=44.063/324.8000*324.8000
=44.063

Current CPI (Sep. 2025) = 324.8000.

Olympic Steel Quarterly Data

Book Value per Share CPI Adj_Book
201512 21.376 236.525 29.354
201603 20.866 238.132 28.460
201606 20.901 241.018 28.167
201609 20.771 241.428 27.944
201612 21.911 241.432 29.477
201703 22.303 243.801 29.713
201706 21.606 244.955 28.649
201709 20.529 246.819 27.015
201712 20.960 246.524 27.615
201803 20.722 249.554 26.970
201806 23.079 251.989 29.748
201809 24.006 252.439 30.887
201812 24.514 251.233 31.692
201903 24.858 254.202 31.762
201906 25.047 256.143 31.761
201909 25.487 256.759 32.241
201912 25.238 256.974 31.899
202003 25.217 258.115 31.732
202006 24.049 257.797 30.299
202009 22.908 260.280 28.587
202012 22.341 260.474 27.858
202103 24.557 264.877 30.113
202106 26.512 271.696 31.694
202109 30.596 274.310 36.228
202112 33.767 278.802 39.338
202203 37.775 287.504 42.675
202206 42.468 296.311 46.551
202209 46.521 296.808 50.908
202212 43.762 296.797 47.891
202303 44.007 301.836 47.355
202306 44.642 305.109 47.523
202309 46.233 307.789 48.788
202312 45.753 306.746 48.446
202403 46.523 312.332 48.380
202406 47.518 314.175 49.125
202409 46.180 315.301 47.571
202412 49.218 315.605 50.652
202503 47.579 319.799 48.323
202506 44.767 322.561 45.078
202509 44.063 324.800 44.063

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 1.24 mean?
Olympic Steel (FRA:OYS) has a Cyclically Adjusted PB Ratio of 1.24 as of Aug. 12, 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 Olympic Steel and its competitors. This is 53% above median its historical median of 0.81. Over the past decade, Olympic Steel's Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.97.
Is Olympic Steel's Cyclically Adjusted PB Ratio too high?
Olympic Steel's current Cyclically Adjusted PB Ratio of 1.24 is 53% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.97. The Steel industry median Cyclically Adjusted PB Ratio is 0.92. Olympic Steel's value of 1.24 is 35.5% above this industry median. Overall, Olympic Steel has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Olympic Steel's Cyclically Adjusted PB Ratio compare to MSB and NWPX?
Olympic Steel's Cyclically Adjusted PB Ratio of 1.24 can be compared against companies in the Steel industry. The industry median Cyclically Adjusted PB Ratio is 0.92. Olympic Steel's value of 1.24 is 35.5% above this benchmark. Historically, Olympic Steel's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.97 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.92, Olympic Steel 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 0.92, based on 494 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. Olympic Steel's current Cyclically Adjusted PB Ratio of 1.24 is 35.5% 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 Olympic Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Olympic Steel's current Cyclically Adjusted PB Ratio is 1.24, which is 53% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olympic Steel stock overvalued right now?
Olympic Steel (FRA:OYS) has a current Cyclically Adjusted PB Ratio of 1.24. The stock's GF Value™ is €32.26, compared to a current price of €42.40 — trading 31.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is 53% above median its 10-year median of 0.81 and 35.5% above the Steel industry median of 0.92. Olympic Steel's overall GF Score™ is 58/100 with 8 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 Olympic Steel (FRA:OYS), the current Cyclically Adjusted PB Ratio is 1.24 as of Aug. 12, 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 Olympic Steel (FRA:OYS) Overvalued in 2026?

Based on GuruFocus' analysis, Olympic Steel stock appears to be overvalued. The current stock price of €42.40 is trading 31.4% above its estimated GF Value™ of €32.26.

Key valuation signals for FRA:OYS:

  • Cyclically Adjusted PB Ratio: 1.24 (53% above median its 10-year median of 0.81)
  • GF Value™: €32.26 vs. price of €42.40 (31.4% above fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 35.5% above the Steel median

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


Olympic Steel Business Description

Address 22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122
Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.
58GF Score

Get the complete analysis for FRA:OYS

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

€42.40
Price
€32.26
GF Value