MTUS (Metallus) Cyclically Adjusted PB Ratio: (As of Aug. 04, 2026)

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.

MTUS Metallus Inc MTUS
71 GF Score
Price $21.56
GF Value $19.45
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Metallus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Metallus  (NYSE:MTUS) 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.


Metallus Cyclically Adjusted PB Ratio Related Terms


Metallus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metallus'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.

Metallus Cyclically Adjusted PB Ratio Chart

Metallus 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 1.08 1.37 0.83 1.02

Metallus 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 0.90 0.97 1.02 0.96 0.00

MTUS vs NWPX, MSB, FRD: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Metallus'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.


Metallus Cyclically Adjusted PB Ratio vs Steel Industry

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

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


MTUS
71GF Score
Metallus Inc MTUS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metallus 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.

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

For example, Metallus'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)
=16.063/333.9520*333.9520
=16.063

Current CPI (Jun. 2026) = 333.9520.

Metallus Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.928 241.428 20.649
201612 13.516 241.432 18.696
201703 13.391 243.801 18.343
201706 13.444 244.955 18.328
201709 13.349 246.819 18.062
201712 12.628 246.524 17.106
201803 12.629 249.554 16.900
201806 12.803 251.989 16.967
201809 12.877 252.439 17.035
201812 13.742 251.233 18.267
201903 12.110 254.202 15.909
201906 13.556 256.143 17.674
201909 13.386 256.759 17.410
201912 12.569 256.974 16.334
202003 12.073 258.115 15.620
202006 11.711 257.797 15.171
202009 11.431 260.280 14.667
202012 11.253 260.474 14.427
202103 11.257 264.877 14.193
202106 12.364 271.696 15.197
202109 13.433 274.310 16.354
202112 14.354 278.802 17.193
202203 15.058 287.504 17.491
202206 16.571 296.311 18.676
202209 16.263 296.808 18.298
202212 15.567 296.797 17.516
202303 15.714 301.836 17.386
202306 16.363 305.109 17.910
202309 16.866 307.789 18.300
202312 16.974 306.746 18.479
202403 16.802 312.332 17.965
202406 16.874 314.175 17.936
202409 16.772 315.301 17.764
202412 16.324 315.605 17.273
202503 16.290 319.799 17.011
202506 16.471 322.561 17.053
202509 16.681 324.800 17.151
202512 16.469 324.054 16.972
202603 16.403 330.213 16.589
202606 16.063 333.952 16.063

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.

Is Metallus (MTUS) Overvalued in 2026?

Based on GuruFocus' analysis, Metallus stock appears to be overvalued. The current stock price of $21.56 is trading 10.8% above its estimated GF Value™ of $19.45. GuruFocus considers Metallus to be Modestly Overvalued.

Key valuation signals for MTUS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $19.45 vs. price of $21.56 (10.8% above fair value)
  • GF Score™: 71/100 with 6 warning signs

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


Metallus Business Description

Address 1835 Dueber Avenue South West, Canton, OH, USA, 44706
Metallus Inc is an American-based manufacturer of alloy steel, as well as carbon and micro-alloy steel. The portfolio of the company includes special bar quality steel, seamless mechanical tubes, and value-added solutions, such as precision steel components. The company also supplies machining and thermal treatment services and manages raw material recycling programs that work as a feeder system for its melt operations. The company's products and services are used in the following sectors: oil and gas; automotive, industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture and power generation. Geographically, the company mainly serves customers in the United States.
71GF Score

Get the complete analysis for MTUS

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

$21.56
Price
$19.45
GF Value