Arabian Pipes Co (SAU:2200) Cyclically Adjusted PB Ratio: 2.62 (As of Aug. 17, 2026) — 24% Above Median

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SAU:2200 Arabian Pipes Co SAU:2200
73 GF Score
Price ﷼6.22
GF Value ﷼5.39
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Arabian Pipes Co Cyclically Adjusted PB Ratio?

Arabian Pipes Co SAU:2200 73 Cyclically Adjusted PB Ratio is 2.62 as of Aug. 17, 2026, which is 24% above its 10-year median of 2.12. GuruFocus rates SAU:2200 with a GF Score™ of 73/100 and a GF Value™ of ﷼5.39 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 477 Steel companies, Arabian Pipes Co ranks worse than 86.37% on this metric.

As of today (2026-08-17), Arabian Pipes Co's current share price is ﷼6.22. Arabian Pipes Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ﷼2.37. Arabian Pipes Co's Cyclically Adjusted PB Ratio for today is 2.62.

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

SAU:2200' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 2.12   Max: 4.11
Current: 2.63

During the past years, Arabian Pipes Co's highest Cyclically Adjusted PB Ratio was 4.11. The lowest was 0.56. And the median was 2.12.

SAU:2200's Cyclically Adjusted PB Ratio is ranked worse than
86.37% of 477 companies
in the Steel industry
Industry Median: 0.86 vs SAU:2200: 2.63

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.

Arabian Pipes Co's adjusted book value per share data for the three months ended in Mar. 2026 was ﷼2.541. 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 ﷼2.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arabian Pipes Co  (SAU:2200) 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.


Arabian Pipes Co Cyclically Adjusted PB Ratio Related Terms


Arabian Pipes Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arabian Pipes 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.

Arabian Pipes Co Cyclically Adjusted PB Ratio Chart

Arabian Pipes 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 1.07 0.72 2.44 3.65 2.00

Arabian Pipes Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.19 2.61 2.59 2.00 2.45

SAU:2200 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Arabian Pipes 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.


Arabian Pipes Co Cyclically Adjusted PB Ratio vs Steel Industry

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

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


SAU:2200
73GF Score
Arabian Pipes Co SAU:2200
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arabian Pipes 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.

Arabian Pipes Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.22/2.37
=2.62

* 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.

Arabian Pipes Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Arabian Pipes Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.541/330.2130*330.2130
=2.541

Current CPI (Mar. 2026) = 330.2130.

Arabian Pipes Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.062 241.018 4.195
201609 3.084 241.428 4.218
201612 3.082 241.432 4.215
201703 3.070 243.801 4.158
201706 3.085 244.955 4.159
201709 3.120 246.819 4.174
201712 3.109 246.524 4.164
201803 3.064 249.554 4.054
201806 0.000 251.989 0.000
201809 2.992 252.439 3.914
201812 1.870 251.233 2.458
201903 2.535 254.202 3.293
201906 2.576 256.143 3.321
201909 2.621 256.759 3.371
201912 1.814 256.974 2.331
202003 2.548 258.115 3.260
202006 2.461 257.797 3.152
202009 2.444 260.280 3.101
202012 0.831 260.474 1.053
202103 1.036 264.877 1.292
202106 0.971 271.696 1.180
202109 0.887 274.310 1.068
202112 0.529 278.802 0.627
202203 0.462 287.504 0.531
202206 0.441 296.311 0.491
202209 0.491 296.808 0.546
202212 0.507 296.797 0.564
202303 0.642 301.836 0.702
202306 0.808 305.109 0.874
202309 1.032 307.789 1.107
202312 1.166 306.746 1.255
202403 1.440 312.332 1.522
202406 1.725 314.175 1.813
202409 1.944 315.301 2.036
202412 2.007 315.605 2.100
202503 2.207 319.799 2.279
202506 2.267 322.561 2.321
202509 2.406 324.800 2.446
202512 2.441 324.054 2.487
202603 2.541 330.213 2.541

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 2.62 mean?
Arabian Pipes Co (SAU:2200) has a Cyclically Adjusted PB Ratio of 2.62 as of Aug. 17, 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 Arabian Pipes Co and its competitors. This is 24% above median its historical median of 2.12. Over the past decade, Arabian Pipes Co's Cyclically Adjusted PB Ratio has ranged from 0.56 to 4.11. According to the industry distribution chart, Arabian Pipes Co ranks #412 out of 477 companies in the Steel industry, placing it in the top 86.4%.
Is Arabian Pipes Co's Cyclically Adjusted PB Ratio too high?
Arabian Pipes Co's current Cyclically Adjusted PB Ratio of 2.62 is 24% above median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 4.11. The Steel industry median Cyclically Adjusted PB Ratio is 0.86. Arabian Pipes Co's value of 2.62 is 204.7% above this industry median. Based on the distribution chart, Arabian Pipes Co ranks #412 out of 477 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Arabian Pipes Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arabian Pipes Co's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Arabian Pipes Co ranks #412 out of 477 companies for Cyclically Adjusted PB Ratio. This places Arabian Pipes Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Arabian Pipes Co's value of 2.62 is 204.7% above this benchmark. Historically, Arabian Pipes Co's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 4.11 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 0.86, Arabian Pipes 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 0.86, based on 477 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. Arabian Pipes Co's current Cyclically Adjusted PB Ratio of 2.62 is 204.7% 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 Arabian Pipes Co and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arabian Pipes Co's current Cyclically Adjusted PB Ratio is 2.62, which is 24% above median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arabian Pipes Co stock overvalued right now?
Based on GuruFocus' analysis, Arabian Pipes Co (SAU:2200) is currently considered Modestly Overvalued. The stock's GF Value™ is ﷼5.39, compared to a current price of ﷼6.22 — trading 15.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.62, which is 24% above median its 10-year median of 2.12 and 204.7% above the Steel industry median of 0.86. Arabian Pipes Co's overall GF Score™ is 73/100 with 1 warning sign 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 Arabian Pipes Co (SAU:2200), the current Cyclically Adjusted PB Ratio is 2.62 as of Aug. 17, 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 Arabian Pipes Co (SAU:2200) Overvalued in 2026?

Based on GuruFocus' analysis, Arabian Pipes Co stock appears to be overvalued. The current stock price of ﷼6.22 is trading 15.4% above its estimated GF Value™ of ﷼5.39. GuruFocus considers Arabian Pipes Co to be Modestly Overvalued.

Key valuation signals for SAU:2200:

  • Cyclically Adjusted PB Ratio: 2.62 (24% above median its 10-year median of 2.12)
  • GF Value™: ﷼5.39 vs. price of ﷼6.22 (15.4% above fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 204.7% above the Steel median (#412 of 477)

No single metric tells the full story. See the SAU:2200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arabian Pipes Co Business Description

Address Riyadh Third Industrial City, P.O. Box 42734, Riyadh, SAU, 11551
Arabian Pipes Co is engaged in the production and marketing of longitudinally welded steel pipes for pipelines and for construction and commercial purposes. Its other activities include bending, shaping, and threading pipes from the outside and inside, carrying out commercial business such as selling and buying pipes and their accessories, carrying out pipeline extension works, manufacturing pipes, hoses, plastic pipes, their connections and accessories, and manufacturing hollow iron and steel. The company generates the majority of revenue from Saudi Arabia.
73GF Score

Get the complete analysis for SAU:2200

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

﷼6.22
Price
﷼5.39
GF Value