Arabian Pipes Co (SAU:2200) Cyclically Adjusted PB Ratio: 2.97 (As of Sep. 08, 2026) — 36% Above Median

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SAU:2200 Arabian Pipes Co SAU:2200
73 GF Score
Price ﷼5.58
GF Value ﷼3.97
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Arabian Pipes Co Cyclically Adjusted PB Ratio?

Arabian Pipes Co SAU:2200 -0.89% 73 Cyclically Adjusted PB Ratio is 2.97 as of Sep. 08, 2026, which is 36% above its 10-year median of 2.18. GuruFocus rates SAU:2200 with a GF Score™ of 73/100 and a GF Value™ of ﷼3.97 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 411 Steel companies, Arabian Pipes Co ranks worse than 89.54% on this metric.

As of today (2026-09-08), Arabian Pipes Co's current share price is ﷼5.58. Arabian Pipes Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼1.88. Arabian Pipes Co's Cyclically Adjusted PB Ratio for today is 2.97.

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: 0.55   Med: 2.18   Max: 4.11
Current: 2.97

During the past years, Arabian Pipes Co's highest Cyclically Adjusted PB Ratio was 4.11. The lowest was 0.55. And the median was 2.18.

SAU:2200's Cyclically Adjusted PB Ratio is ranked worse than
89.54% of 411 companies
in the Steel industry
Industry Median: 0.8 vs SAU:2200: 2.97

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 Jun. 2026 was ﷼1.933. 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 ﷼1.88 for the trailing ten years ended in Jun. 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
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 2.61 2.59 2.00 2.45 2.79

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
=5.58/1.88
=2.97

* 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 Jun. 2026 is calculated as:

For example, Arabian Pipes 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)
=1.933/333.9520*333.9520
=1.933

Current CPI (Jun. 2026) = 333.9520.

Arabian Pipes Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.467 241.428 3.412
201612 2.466 241.432 3.411
201703 2.456 243.801 3.364
201706 2.468 244.955 3.365
201709 2.496 246.819 3.377
201712 2.487 246.524 3.369
201803 2.451 249.554 3.280
201806 0.000 251.989 0.000
201809 2.394 252.439 3.167
201812 1.496 251.233 1.989
201903 2.028 254.202 2.664
201906 2.060 256.143 2.686
201909 2.097 256.759 2.727
201912 1.452 256.974 1.887
202003 2.038 258.115 2.637
202006 1.969 257.797 2.551
202009 1.955 260.280 2.508
202012 0.665 260.474 0.853
202103 0.829 264.877 1.045
202106 0.777 271.696 0.955
202109 0.710 274.310 0.864
202112 0.423 278.802 0.507
202203 0.370 287.504 0.430
202206 0.353 296.311 0.398
202209 0.393 296.808 0.442
202212 0.405 296.797 0.456
202303 0.513 301.836 0.568
202306 0.646 305.109 0.707
202309 0.826 307.789 0.896
202312 0.932 306.746 1.015
202403 1.152 312.332 1.232
202406 1.380 314.175 1.467
202409 1.555 315.301 1.647
202412 1.605 315.605 1.698
202503 1.766 319.799 1.844
202506 1.814 322.561 1.878
202509 1.925 324.800 1.979
202512 1.952 324.054 2.012
202603 2.033 330.213 2.056
202606 1.933 333.952 1.933

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 2.97 mean?
Arabian Pipes Co (SAU:2200) has a Cyclically Adjusted PB Ratio of 2.97 as of Sep. 08, 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 36% above median its historical median of 2.18. Over the past decade, Arabian Pipes Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.11. According to the industry distribution chart, Arabian Pipes Co ranks #368 out of 411 companies in the Steel industry, placing it in the top 89.5%.
Is Arabian Pipes Co's Cyclically Adjusted PB Ratio too high?
Arabian Pipes Co's current Cyclically Adjusted PB Ratio of 2.97 is 36% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 4.11. The Steel industry median Cyclically Adjusted PB Ratio is 0.80. Arabian Pipes Co's value of 2.97 is 271.3% above this industry median. Based on the distribution chart, Arabian Pipes Co ranks #368 out of 411 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 Significantly 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 #368 out of 411 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 0.80. Arabian Pipes Co's value of 2.97 is 271.3% above this benchmark. Historically, Arabian Pipes Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.11 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 0.80, 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 0.80, based on 411 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 2.97 is 271.3% 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 0.80 — 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 2.97, which is 36% above median its own 10-year median of 2.18. 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 Significantly Overvalued. The stock's GF Value™ is ﷼3.97, compared to a current price of ﷼5.58 — trading 40.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.97, which is 36% above median its 10-year median of 2.18 and 271.3% above the Steel industry median of 0.80. Arabian Pipes Co'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 Arabian Pipes Co (SAU:2200), the current Cyclically Adjusted PB Ratio is 2.97 as of Sep. 08, 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 ﷼5.58 is trading 40.6% above its estimated GF Value™ of ﷼3.97. GuruFocus considers Arabian Pipes Co to be Significantly Overvalued.

Key valuation signals for SAU:2200:

  • Cyclically Adjusted PB Ratio: 2.97 (36% above median its 10-year median of 2.18)
  • GF Value™: ﷼3.97 vs. price of ﷼5.58 (40.6% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 271.3% above the Steel median (#368 of 411)

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.

﷼5.58
Price
﷼3.97
GF Value