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Argent IndustrialJSE:ART -0.34%72 Cyclically Adjusted PB Ratio is 1.44 as of Jul. 15, 2026, which is 109% above its 10-year median of 0.69. GuruFocus rates JSE:ART with a GF Score™ of 72/100 and a GF Value™ of R29.95 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 518 Steel companies, Argent Industrial ranks worse than 65.44% on this metric.
The historical rank and industry rank for Argent Industrial's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:ART'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.69 Max: 1.45
Current: 1.45
During the past 13 years, Argent Industrial's highest Cyclically Adjusted PB Ratio was 1.45. The lowest was 0.21. And the median was 0.69.
JSE:ART's Cyclically Adjusted PB Ratio is ranked worse than 65.44% of 518
companies
in the Steel industry
Industry Median: 0.94
vs JSE:ART: 1.45
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.
Argent Industrial's adjusted book value per share data of for the fiscal year that ended in Mar26 was R38.371. 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 R26.35 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Argent Industrial (JSE:ART) 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.
Argent Industrial Cyclically Adjusted PB Ratio Related Terms
Argent Industrial Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Argent Industrial'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.
Argent Industrial Cyclically Adjusted PB Ratio Chart
JSE:ART vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Argent Industrial'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.
Argent Industrial Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Argent Industrial's Cyclically Adjusted PB Ratio falls into.
Argent Industrial 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.
Argent Industrial's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.44 mean?
Argent Industrial (JSE:ART) has a Cyclically Adjusted PB Ratio of 1.44 as of Jul. 15, 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 Argent Industrial and its competitors. This is 109% above median its historical median of 0.69. Over the past decade, Argent Industrial's Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.45. According to the industry distribution chart, Argent Industrial ranks #339 out of 518 companies in the Steel industry, placing it in the top 65.4%.
Is Argent Industrial's Cyclically Adjusted PB Ratio too high?
Argent Industrial's current Cyclically Adjusted PB Ratio of 1.44 is 109% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.45. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Argent Industrial's value of 1.44 is 53.2% above this industry median. Based on the distribution chart, Argent Industrial ranks #339 out of 518 companies in the Steel industry, which is below the industry midpoint. Overall, Argent Industrial has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #339 out of 518 companies for Cyclically Adjusted PB Ratio. This places Argent Industrial in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Argent Industrial's value of 1.44 is 53.2% above this benchmark. Historically, Argent Industrial's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.45 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.94, Argent Industrial 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 0.94, based on 518 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. Argent Industrial's current Cyclically Adjusted PB Ratio of 1.44 is 53.2% 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 Argent Industrial and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Cyclically Adjusted PB Ratio is 1.44, which is 109% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is R29.95, compared to a current price of R38.00 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.44, which is 109% above median its 10-year median of 0.69 and 53.2% above the Steel industry median of 0.94. Argent Industrial's overall GF Score™ is 72/100 with 6 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 Argent Industrial (JSE:ART), the current Cyclically Adjusted PB Ratio is 1.44 as of Jul. 15, 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R38.00 is trading 26.9% above its estimated GF Value™ of R29.95.
GuruFocus considers Argent Industrial to be Modestly Overvalued.
Key valuation signals for JSE:ART:
Cyclically Adjusted PB Ratio: 1.44 (109% above median its 10-year median of 0.69)
GF Value™: R29.95 vs. price of R38.00 (26.9% above fair value)
Industry Position: 53.2% above the Steel median (#339 of 518)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
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