Nucor (MEX:NUE) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

MEX:NUE Nucor Corp MEX:NUE
89 GF Score
Price MXN4,500.00
GF Value MXN2,580.44
! 11 Warning Signs
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What is Nucor Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nucor  (MEX:NUE) 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.


Nucor Cyclically Adjusted PB Ratio Related Terms


Nucor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nucor'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.

Nucor Cyclically Adjusted PB Ratio Chart

Nucor 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 3.51 3.46 3.92 2.28 2.80

Nucor 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 2.35 2.38 2.80 2.77 0.00

MEX:NUE vs STLD, RS, TX: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Nucor'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.


Nucor Cyclically Adjusted PB Ratio vs Steel Industry

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

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


MEX:NUE
89GF Score
Nucor Corp MEX:NUE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nucor 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.

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

For example, Nucor'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)
=1688.315/333.9520*333.9520
=1,688.315

Current CPI (Jun. 2026) = 333.9520.

Nucor Quarterly Data

Book Value per Share CPI Adj_Book
201609 469.128 241.428 648.915
201612 509.697 241.432 705.020
201703 480.033 243.801 657.536
201706 474.050 244.955 646.282
201709 485.522 246.819 656.923
201712 539.771 246.524 731.197
201803 512.651 249.554 686.027
201806 582.225 251.989 771.602
201809 583.443 252.439 771.838
201812 629.164 251.233 836.318
201903 643.714 254.202 845.664
201906 652.683 256.143 850.950
201909 680.326 256.759 884.862
201912 647.255 256.974 841.144
202003 791.751 258.115 1,024.376
202006 779.469 257.797 1,009.729
202009 753.789 260.280 967.148
202012 710.047 260.474 910.347
202103 781.953 264.877 985.872
202106 830.548 271.696 1,020.858
202109 965.692 274.310 1,175.658
202112 1,055.505 278.802 1,264.295
202203 1,137.848 287.504 1,321.674
202206 1,291.733 296.311 1,455.825
202209 1,388.478 296.808 1,562.239
202212 1,416.263 296.797 1,593.560
202303 1,364.478 301.836 1,509.661
202306 1,375.366 305.109 1,505.384
202309 1,450.096 307.789 1,573.359
202312 1,451.359 306.746 1,580.083
202403 1,432.413 312.332 1,531.566
202406 1,599.647 314.175 1,700.343
202409 1,716.756 315.301 1,818.307
202412 1,818.065 315.605 1,923.754
202503 1,779.302 319.799 1,858.047
202506 1,672.549 322.561 1,731.614
202509 1,664.820 324.800 1,711.730
202512 1,650.940 324.054 1,701.367
202603 1,698.664 330.213 1,717.898
202606 1,688.315 333.952 1,688.315

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 Nucor (MEX:NUE) Overvalued in 2026?

Based on GuruFocus' analysis, Nucor stock appears to be overvalued. The current stock price of MXN4,500.00 is trading 74.4% above its estimated GF Value™ of MXN2,580.44.

Key valuation signals for MEX:NUE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN2,580.44 vs. price of MXN4,500.00 (74.4% above fair value)
  • GF Score™: 89/100 with 11 warning signs

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


Nucor Business Description

Address 1915 Rexford Road, Charlotte, NC, USA, 28211
Nucor Corp manufactures steel and steel products. The company's reportable segments are steel mills, steel products, and raw materials. The majority of its revenue is derived from the steel mills segment, which is engaged in producing sheet steel (hot-rolled, cold-rolled, and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), and bar steel products. Nucor manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces (EAFs), along with continuous casting and automated rolling mills. The steel mills segment sells its products mainly to steel service centers, fabricators, and manufacturers located in the United States, Canada, and Mexico.
89GF Score

Get the complete analysis for MEX:NUE

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

MXN4,500.00
Price
MXN2,580.44
GF Value