Al Jazeera Steel Products CoOG (MUS:ATMI) Cyclically Adjusted PB Ratio: 1.83 (As of Jul. 27, 2026) — 97% Above Median

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MUS:ATMI Al Jazeera Steel Products Co SAOG MUS:ATMI
73 GF Score
Price ر.ع0.83
GF Value ر.ع0.31
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Al Jazeera Steel Products CoOG Cyclically Adjusted PB Ratio?

Al Jazeera Steel Products CoOG MUS:ATMI -0.60% 73 Cyclically Adjusted PB Ratio is 1.83 as of Jul. 27, 2026, which is 97% above its 10-year median of 0.93. GuruFocus rates MUS:ATMI with a GF Score™ of 73/100 and a GF Value™ of ر.ع0.31 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 510 Steel companies, Al Jazeera Steel Products CoOG ranks worse than 73.92% on this metric.

As of today (2026-07-27), Al Jazeera Steel Products CoOG's current share price is ر.ع0.825. Al Jazeera Steel Products CoOG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ر.ع0.45. Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio for today is 1.83.

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

MUS:ATMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.93   Max: 2.16
Current: 1.83

During the past 13 years, Al Jazeera Steel Products CoOG's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.28. And the median was 0.93.

MUS:ATMI's Cyclically Adjusted PB Ratio is ranked worse than
73.92% of 510 companies
in the Steel industry
Industry Median: 0.925 vs MUS:ATMI: 1.83

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.

Al Jazeera Steel Products CoOG's adjusted book value per share data of for the fiscal year that ended in Dec25 was ر.ع0.491. 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 ر.ع0.45 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Al Jazeera Steel Products CoOG  (MUS:ATMI) 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.


Al Jazeera Steel Products CoOG Cyclically Adjusted PB Ratio Related Terms


Al Jazeera Steel Products CoOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Al Jazeera Steel Products CoOG'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.

Al Jazeera Steel Products CoOG Cyclically Adjusted PB Ratio Chart

Al Jazeera Steel Products CoOG 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 0.98 0.56 0.57 0.66 1.46

Al Jazeera Steel Products CoOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 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 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 0.98 0.56 0.57 0.66 1.46

MUS:ATMI vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Al Jazeera Steel Products CoOG'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.


Al Jazeera Steel Products CoOG Cyclically Adjusted PB Ratio vs Steel Industry

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

* The bar in red indicates where Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio falls into.


MUS:ATMI
73GF Score
Al Jazeera Steel Products Co SAOG MUS:ATMI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Jazeera Steel Products CoOG 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.

Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.825/0.45
=1.83

* 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.

Al Jazeera Steel Products CoOG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Al Jazeera Steel Products CoOG'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)
=0.491/324.0540*324.0540
=0.491

Current CPI (Dec25) = 324.0540.

Al Jazeera Steel Products CoOG Annual Data

Book Value per Share CPI Adj_Book
201612 0.329 241.432 0.442
201712 0.353 246.524 0.464
201812 0.352 251.233 0.454
201912 0.336 256.974 0.424
202012 0.356 260.474 0.443
202112 0.404 278.802 0.470
202212 0.397 296.797 0.433
202312 0.417 306.746 0.441
202412 0.454 315.605 0.466
202512 0.491 324.054 0.491

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 1.83 mean?
Al Jazeera Steel Products CoOG (MUS:ATMI) has a Cyclically Adjusted PB Ratio of 1.83 as of Jul. 27, 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 Al Jazeera Steel Products CoOG and its competitors. This is 97% above median its historical median of 0.93. Over the past decade, Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.16. According to the industry distribution chart, Al Jazeera Steel Products CoOG ranks #377 out of 510 companies in the Steel industry, placing it in the top 73.9%.
Is Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio too high?
Al Jazeera Steel Products CoOG's current Cyclically Adjusted PB Ratio of 1.83 is 97% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 2.16. The Steel industry median Cyclically Adjusted PB Ratio is 0.93. Al Jazeera Steel Products CoOG's value of 1.83 is 97.8% above this industry median. Based on the distribution chart, Al Jazeera Steel Products CoOG ranks #377 out of 510 companies in the Steel industry, which is below the industry midpoint. Overall, Al Jazeera Steel Products CoOG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Jazeera Steel Products CoOG's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Al Jazeera Steel Products CoOG ranks #377 out of 510 companies for Cyclically Adjusted PB Ratio. This places Al Jazeera Steel Products CoOG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.93. Al Jazeera Steel Products CoOG's value of 1.83 is 97.8% above this benchmark. Historically, Al Jazeera Steel Products CoOG's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.16 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.93, Al Jazeera Steel Products CoOG 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 0.93, based on 510 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. Al Jazeera Steel Products CoOG's current Cyclically Adjusted PB Ratio of 1.83 is 97.8% 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 Al Jazeera Steel Products CoOG and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Jazeera Steel Products CoOG's current Cyclically Adjusted PB Ratio is 1.83, which is 97% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Jazeera Steel Products CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Jazeera Steel Products CoOG (MUS:ATMI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.31, compared to a current price of ر.ع0.83 — trading 166.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is 97% above median its 10-year median of 0.93 and 97.8% above the Steel industry median of 0.93. Al Jazeera Steel Products CoOG's overall GF Score™ is 73/100 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 Al Jazeera Steel Products CoOG (MUS:ATMI), the current Cyclically Adjusted PB Ratio is 1.83 as of Jul. 27, 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 Al Jazeera Steel Products CoOG (MUS:ATMI) Overvalued in 2026?

Based on GuruFocus' analysis, Al Jazeera Steel Products CoOG stock appears to be overvalued. The current stock price of ر.ع0.83 is trading 166.1% above its estimated GF Value™ of ر.ع0.31. GuruFocus considers Al Jazeera Steel Products CoOG to be Significantly Overvalued.

Key valuation signals for MUS:ATMI:

  • Cyclically Adjusted PB Ratio: 1.83 (97% above median its 10-year median of 0.93)
  • GF Value™: ر.ع0.31 vs. price of ر.ع0.83 (166.1% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 97.8% above the Steel median (#377 of 510)

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


Al Jazeera Steel Products CoOG Business Description

Address Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327
Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sells steel tubes, pipes, and structural products, including associated work. It deals in products such as black pipes, galvanized pipes, hollow sections, rebars, CTL sheets, and merchant bars, among others. Geographically, the company generates the majority of its revenue from its regional market, with the remainder coming from international markets.
73GF Score

Get the complete analysis for MUS:ATMI

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

ر.ع0.83
Price
ر.ع0.31
GF Value