Saudi Steel Pipe Co (SAU:1320) Cyclically Adjusted PB Ratio: 3.46 (As of Sep. 01, 2026) — 83% Above Median

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SAU:1320 Saudi Steel Pipe Co SAU:1320
83 GF Score
Price ﷼53.70
GF Value ﷼49.93
Valuation Fairly Valued
! 5 Warning Signs
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What is Saudi Steel Pipe Co Cyclically Adjusted PB Ratio?

Saudi Steel Pipe Co SAU:1320 +4.47% 83 Cyclically Adjusted PB Ratio is 3.46 as of Sep. 01, 2026, which is 83% above its 10-year median of 1.89. GuruFocus rates SAU:1320 with a GF Score™ of 83/100 and a GF Value™ of ﷼49.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 415 Steel companies, Saudi Steel Pipe Co ranks worse than 91.57% on this metric.

As of today (2026-09-01), Saudi Steel Pipe Co's current share price is ﷼53.70. Saudi Steel Pipe Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼15.52. Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio for today is 3.46.

The historical rank and industry rank for Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SAU:1320' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.89   Max: 5.34
Current: 3.37

During the past years, Saudi Steel Pipe Co's highest Cyclically Adjusted PB Ratio was 5.34. The lowest was 0.87. And the median was 1.89.

SAU:1320's Cyclically Adjusted PB Ratio is ranked worse than
91.57% of 415 companies
in the Steel industry
Industry Median: 0.8 vs SAU:1320: 3.37

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.

Saudi Steel Pipe Co's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼17.748. 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 ﷼15.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saudi Steel Pipe Co  (SAU:1320) 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.


Saudi Steel Pipe Co Cyclically Adjusted PB Ratio Related Terms


Saudi Steel Pipe Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saudi Steel Pipe Co'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.

Saudi Steel Pipe Co Cyclically Adjusted PB Ratio Chart

Saudi Steel Pipe Co 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 1.62 1.15 2.37 4.26 2.44

Saudi Steel Pipe Co 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 3.64 3.47 2.44 2.86 3.25

SAU:1320 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Saudi Steel Pipe Co'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.


Saudi Steel Pipe Co Cyclically Adjusted PB Ratio vs Steel Industry

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

* The bar in red indicates where Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio falls into.


SAU:1320
83GF Score
Saudi Steel Pipe Co SAU:1320
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saudi Steel Pipe Co 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.

Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.70/15.52
=3.46

* 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.

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

For example, Saudi Steel Pipe Co'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)
=17.748/333.9520*333.9520
=17.748

Current CPI (Jun. 2026) = 333.9520.

Saudi Steel Pipe Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.707 241.428 21.726
201612 14.081 241.432 19.477
201703 15.349 243.801 21.025
201706 14.443 244.955 19.690
201709 14.152 246.819 19.148
201712 14.442 246.524 19.564
201803 14.331 249.554 19.178
201806 13.603 251.989 18.028
201809 13.126 252.439 17.364
201812 11.068 251.233 14.712
201903 11.074 254.202 14.548
201906 10.873 256.143 14.176
201909 10.594 256.759 13.779
201912 10.448 256.974 13.578
202003 10.096 258.115 13.062
202006 9.562 257.797 12.387
202009 9.774 260.280 12.541
202012 9.758 260.474 12.511
202103 9.590 264.877 12.091
202106 9.430 271.696 11.591
202109 9.745 274.310 11.864
202112 9.798 278.802 11.736
202203 10.085 287.504 11.714
202206 10.318 296.311 11.629
202209 10.650 296.808 11.983
202212 10.892 296.797 12.256
202303 11.018 301.836 12.190
202306 12.691 305.109 13.891
202309 13.185 307.789 14.306
202312 14.283 306.746 15.550
202403 15.393 312.332 16.459
202406 15.675 314.175 16.662
202409 16.666 315.301 17.652
202412 17.064 315.605 18.056
202503 18.058 319.799 18.857
202506 15.509 322.561 16.057
202509 16.029 324.800 16.481
202512 16.872 324.054 17.387
202603 17.908 330.213 18.111
202606 17.748 333.952 17.748

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 3.46 mean?
Saudi Steel Pipe Co (SAU:1320) has a Cyclically Adjusted PB Ratio of 3.46 as of Sep. 01, 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 Saudi Steel Pipe Co and its competitors. This is 83% above median its historical median of 1.89. Over the past decade, Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio has ranged from 0.87 to 5.34. According to the industry distribution chart, Saudi Steel Pipe Co ranks #380 out of 415 companies in the Steel industry, placing it in the top 91.6%.
Is Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio too high?
Saudi Steel Pipe Co's current Cyclically Adjusted PB Ratio of 3.46 is 83% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 5.34. The Steel industry median Cyclically Adjusted PB Ratio is 0.80. Saudi Steel Pipe Co's value of 3.46 is 332.5% above this industry median. Based on the distribution chart, Saudi Steel Pipe Co ranks #380 out of 415 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Saudi Steel Pipe Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Steel Pipe Co's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Saudi Steel Pipe Co ranks #380 out of 415 companies for Cyclically Adjusted PB Ratio. This places Saudi Steel Pipe Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.80. Saudi Steel Pipe Co's value of 3.46 is 332.5% above this benchmark. Historically, Saudi Steel Pipe Co's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 5.34 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 0.80, Saudi Steel Pipe Co 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 0.80, based on 415 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. Saudi Steel Pipe Co's current Cyclically Adjusted PB Ratio of 3.46 is 332.5% 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 Saudi Steel Pipe Co and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Steel Pipe Co's current Cyclically Adjusted PB Ratio is 3.46, which is 83% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Steel Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Steel Pipe Co (SAU:1320) is currently considered Fairly Valued. The stock's GF Value™ is ﷼49.93, compared to a current price of ﷼53.70 — trading 7.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.46, which is 83% above median its 10-year median of 1.89 and 332.5% above the Steel industry median of 0.80. Saudi Steel Pipe Co's overall GF Score™ is 83/100 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 Saudi Steel Pipe Co (SAU:1320), the current Cyclically Adjusted PB Ratio is 3.46 as of Sep. 01, 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 Saudi Steel Pipe Co (SAU:1320) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi Steel Pipe Co stock appears to be overvalued. The current stock price of ﷼53.70 is trading 7.6% above its estimated GF Value™ of ﷼49.93. GuruFocus considers Saudi Steel Pipe Co to be Fairly Valued.

Key valuation signals for SAU:1320:

  • Cyclically Adjusted PB Ratio: 3.46 (83% above median its 10-year median of 1.89)
  • GF Value™: ﷼49.93 vs. price of ﷼53.70 (7.6% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 332.5% above the Steel median (#380 of 415)

No single metric tells the full story. See the SAU:1320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saudi Steel Pipe Co Business Description

Address P.O.Box 11680, Dammam, SAU, 31463
Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in single segment, being the Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. The company has a market presence in two segments namely Saudi Arabia and Other countries with the majority of the revenue generated from Saudi Arabia.
83GF Score

Get the complete analysis for SAU:1320

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

﷼53.70
Price
﷼49.93
GF Value