United Co RUSAL International PJSC (MIC:RUAL) Cyclically Adjusted PB Ratio: 0.44 (As of Jul. 12, 2026) — 66% Below Median


MIC:RUAL United Co RUSAL International PJSC MIC:RUAL
72 GF Score
Price ₽23.55
GF Value ₽40.71
Valuation Possible Value Trap
! 5 Warning Signs
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What is United Co RUSAL International PJSC Cyclically Adjusted PB Ratio?

United Co RUSAL International PJSC MIC:RUAL -0.53% 72 Cyclically Adjusted PB Ratio is 0.44 as of Jul. 12, 2026, which is 66% below its 10-year median of 1.29. GuruFocus rates MIC:RUAL with a GF Score™ of 72/100 and a GF Value™ of ₽40.71 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,545 Metals & Mining companies, United Co RUSAL International PJSC ranks better than 76.25% on this metric.

As of today (2026-07-12), United Co RUSAL International PJSC's current share price is ₽23.545. United Co RUSAL International PJSC's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ₽53.59. United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio for today is 0.44.

The historical rank and industry rank for United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

MIC:RUAL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.29   Max: 3.46
Current: 0.44

During the past 13 years, United Co RUSAL International PJSC's highest Cyclically Adjusted PB Ratio was 3.46. The lowest was 0.44. And the median was 1.29.

MIC:RUAL's Cyclically Adjusted PB Ratio is ranked better than
76.25% of 1545 companies
in the Metals & Mining industry
Industry Median: 1.45 vs MIC:RUAL: 0.44

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.

United Co RUSAL International PJSC's adjusted book value per share data of for the fiscal year that ended in Dec25 was ₽61.355. 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 ₽53.59 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Co RUSAL International PJSC  (MIC:RUAL) 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.


United Co RUSAL International PJSC Cyclically Adjusted PB Ratio Related Terms


United Co RUSAL International PJSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Co RUSAL International PJSC'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.

United Co RUSAL International PJSC Cyclically Adjusted PB Ratio Chart

United Co RUSAL International PJSC 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 2.79 1.32 0.94 0.80 0.63

United Co RUSAL International PJSC Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.94 0.00 0.80 0.00 0.63

MIC:RUAL vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, United Co RUSAL International PJSC'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.


United Co RUSAL International PJSC Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio falls into.


MIC:RUAL
72GF Score
United Co RUSAL International PJSC MIC:RUAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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United Co RUSAL International PJSC 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.

United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.545/53.59
=0.44

* 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.

United Co RUSAL International PJSC's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, United Co RUSAL International PJSC's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=61.355/288.1000*288.1000
=61.355

Current CPI (Dec25) = 288.1000.

United Co RUSAL International PJSC Annual Data

Book Value per Share CPI Adj_Book
201612 13.102 165.400 22.822
201712 16.839 169.600 28.604
201812 23.836 176.800 38.841
201912 27.520 182.200 43.515
202012 32.094 191.100 48.385
202112 51.214 207.200 71.210
202212 49.575 231.900 61.589
202312 65.423 249.100 75.666
202412 79.435 272.800 83.890
202512 61.355 288.100 61.355

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 0.44 mean?
United Co RUSAL International PJSC (MIC:RUAL) has a Cyclically Adjusted PB Ratio of 0.44 as of Jul. 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 United Co RUSAL International PJSC and its competitors. This is 66% below median its historical median of 1.29. Over the past decade, United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio has ranged from 0.44 to 3.46. According to the industry distribution chart, United Co RUSAL International PJSC ranks #367 out of 1545 companies in the Metals & Mining industry, placing it in the top 23.8%.
Is United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio too high?
United Co RUSAL International PJSC's current Cyclically Adjusted PB Ratio of 0.44 is 66% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 3.46. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.45. United Co RUSAL International PJSC's value of 0.44 is 69.7% below this industry median. Based on the distribution chart, United Co RUSAL International PJSC ranks #367 out of 1545 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, United Co RUSAL International PJSC has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does United Co RUSAL International PJSC's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, United Co RUSAL International PJSC ranks #367 out of 1545 companies for Cyclically Adjusted PB Ratio. This places United Co RUSAL International PJSC in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.45. United Co RUSAL International PJSC's value of 0.44 is 69.7% below this benchmark. Historically, United Co RUSAL International PJSC's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 3.46 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.45, United Co RUSAL International PJSC has consistently been below 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.45, based on 1,545 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. United Co RUSAL International PJSC's current Cyclically Adjusted PB Ratio of 0.44 is 69.7% below 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 United Co RUSAL International PJSC and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Co RUSAL International PJSC's current Cyclically Adjusted PB Ratio is 0.44, which is 66% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Co RUSAL International PJSC stock overvalued right now?
Based on GuruFocus' analysis, United Co RUSAL International PJSC (MIC:RUAL) is currently considered Possible Value Trap. The stock's GF Value™ is ₽40.71, compared to a current price of ₽23.55 — trading 42.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.44, which is 66% below median its 10-year median of 1.29 and 69.7% below the Metals & Mining industry median of 1.45. United Co RUSAL International PJSC's overall GF Score™ is 72/100 with 5 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 United Co RUSAL International PJSC (MIC:RUAL), the current Cyclically Adjusted PB Ratio is 0.44 as of Jul. 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 United Co RUSAL International PJSC (MIC:RUAL) Overvalued in 2026?

Based on GuruFocus' analysis, United Co RUSAL International PJSC stock appears to be undervalued. The current stock price of ₽23.55 is trading 42.2% below its estimated GF Value™ of ₽40.71. GuruFocus considers United Co RUSAL International PJSC to be Possible Value Trap.

Key valuation signals for MIC:RUAL:

  • Cyclically Adjusted PB Ratio: 0.44 (66% below median its 10-year median of 1.29)
  • GF Value™: ₽40.71 vs. price of ₽23.55 (42.2% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 69.7% below the Metals & Mining median (#367 of 1545)

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


United Co RUSAL International PJSC Business Description

Other Exchanges 00486:Hong Kong
Address Oktyabrskaya Street 8, Office 410, Kaliningrad, RUS, 236006
United Co RUSAL International PJSC produces aluminium and aluminium products. Its products are primary aluminium, aluminium alloys, high-purity aluminium, wire rod, foil and packaging, aluminium powder, bauxite and alumina, silicon, gallium, corundum, and aluminium protectors. The Aluminium segment is a key revenue driver and covers the production and sale of primary aluminium and related products. Alumina segment encompasses the mining and refining of bauxite into alumina and the sale of alumina. The Energy segment comprises mining and sale of coal and generation and transmission of electricity produced from various sources. The mining and metals segment consists of equity investments in Norilsk Nickel. It has four segments Aluminium, Alumina, Energy and Mining, and Metals.
72GF Score

Get the complete analysis for MIC:RUAL

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

₽23.55
Price
₽40.71
GF Value