Vallourec (STU:VACE) Cyclically Adjusted PB Ratio: 0.53 (As of Aug. 06, 2026) — 253% Above Median

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.

STU:VACE Vallourec SA STU:VACE
73 GF Score
Price €3.80
GF Value €2.76
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Vallourec Cyclically Adjusted PB Ratio?

Vallourec STU:VACE +0.53% 73 Cyclically Adjusted PB Ratio is 0.53 as of Aug. 06, 2026, which is 253% above its 10-year median of 0.15. GuruFocus rates STU:VACE with a GF Score™ of 73/100 and a GF Value™ of €2.76 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 503 Steel companies, Vallourec ranks better than 69.38% on this metric.

As of today (2026-08-06), Vallourec's current share price is €3.80. Vallourec's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €7.11. Vallourec's Cyclically Adjusted PB Ratio for today is 0.53.

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

STU:VACE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.15   Max: 0.69
Current: 0.53

During the past years, Vallourec's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.02. And the median was 0.15.

STU:VACE's Cyclically Adjusted PB Ratio is ranked better than
69.38% of 503 companies
in the Steel industry
Industry Median: 0.9 vs STU:VACE: 0.53

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.

Vallourec's adjusted book value per share data for the three months ended in Jun. 2026 was €2.454. 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 €7.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vallourec  (STU:VACE) 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.


Vallourec Cyclically Adjusted PB Ratio Related Terms


Vallourec Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vallourec'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.

Vallourec Cyclically Adjusted PB Ratio Chart

Vallourec 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 0.06 0.10 0.15 0.26 0.39

Vallourec 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 0.31 0.36 0.39 0.57 0.57

STU:VACE vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Vallourec'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.


Vallourec Cyclically Adjusted PB Ratio vs Steel Industry

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

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


STU:VACE
73GF Score
Vallourec SA STU:VACE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vallourec 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.

Vallourec's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.80/7.11
=0.53

* 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.

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

For example, Vallourec'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)
=2.454/123.5100*123.5100
=2.454

Current CPI (Jun. 2026) = 123.5100.

Vallourec Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.535 100.340 24.046
201612 20.228 100.650 24.822
201703 19.609 101.170 23.939
201706 17.339 101.320 21.136
201709 16.122 101.330 19.651
201712 14.638 101.850 17.751
201803 13.232 102.750 15.905
201806 11.963 103.370 14.294
201809 11.203 103.560 13.361
201812 10.873 103.470 12.979
201903 10.614 103.890 12.618
201906 10.049 104.580 11.868
201909 9.591 104.500 11.336
201912 8.861 104.980 10.425
202003 7.011 104.590 8.279
202006 3.387 104.790 3.992
202009 2.280 104.550 2.693
202012 -1.129 104.960 -1.329
202103 -1.206 105.750 -1.409
202106 1.399 106.340 1.625
202109 1.438 106.810 1.663
202112 1.542 107.850 1.766
202203 1.740 110.490 1.945
202206 1.422 112.550 1.560
202209 1.545 112.740 1.693
202212 1.419 114.160 1.535
202303 1.565 116.790 1.655
202306 1.720 117.650 1.806
202309 1.850 118.260 1.932
202312 1.877 118.390 1.958
202403 2.008 119.470 2.076
202406 2.012 120.200 2.067
202409 2.000 119.560 2.066
202412 2.148 119.950 2.212
202503 2.202 120.380 2.259
202506 1.786 121.360 1.818
202509 1.923 120.950 1.964
202512 1.969 120.900 2.012
202603 2.434 122.420 2.456
202606 2.454 123.510 2.454

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 0.53 mean?
Vallourec (STU:VACE) has a Cyclically Adjusted PB Ratio of 0.53 as of Aug. 06, 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 Vallourec and its competitors. This is 253% above median its historical median of 0.15. Over the past decade, Vallourec's Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.69. According to the industry distribution chart, Vallourec ranks #154 out of 503 companies in the Steel industry, placing it in the top 30.6%.
Is Vallourec's Cyclically Adjusted PB Ratio too high?
Vallourec's current Cyclically Adjusted PB Ratio of 0.53 is 253% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.69. The Steel industry median Cyclically Adjusted PB Ratio is 0.90. Vallourec's value of 0.53 is 41.1% below this industry median. Based on the distribution chart, Vallourec ranks #154 out of 503 companies in the Steel industry, which is above the industry midpoint. Overall, Vallourec has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vallourec's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Vallourec ranks #154 out of 503 companies for Cyclically Adjusted PB Ratio. This puts Vallourec in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.90. Vallourec's value of 0.53 is 41.1% below this benchmark. Historically, Vallourec's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.69 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.90, Vallourec has consistently been below 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 0.90, based on 503 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. Vallourec's current Cyclically Adjusted PB Ratio of 0.53 is 41.1% below 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 Vallourec and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vallourec's current Cyclically Adjusted PB Ratio is 0.53, which is 253% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vallourec stock overvalued right now?
Based on GuruFocus' analysis, Vallourec (STU:VACE) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.76, compared to a current price of €3.80 — trading 37.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.53, which is 253% above median its 10-year median of 0.15 and 41.1% below the Steel industry median of 0.90. Vallourec's overall GF Score™ is 73/100 with 2 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 Vallourec (STU:VACE), the current Cyclically Adjusted PB Ratio is 0.53 as of Aug. 06, 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 Vallourec (STU:VACE) Overvalued in 2026?

Based on GuruFocus' analysis, Vallourec stock appears to be overvalued. The current stock price of €3.80 is trading 37.7% above its estimated GF Value™ of €2.76. GuruFocus considers Vallourec to be Modestly Overvalued.

Key valuation signals for STU:VACE:

  • Cyclically Adjusted PB Ratio: 0.53 (253% above median its 10-year median of 0.15)
  • GF Value™: €2.76 vs. price of €3.80 (37.7% above fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 41.1% below the Steel median (#154 of 503)

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


Vallourec Business Description

Address 12 Rue de la Verrerie, Meudon, FRA, 92190
Vallourec SA is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Its pioneering spirit and cutting-edge R&D open new technological frontiers. With close to around 13,000 dedicated and passionate employees in more than 20 countries, it works hand- in-hand with its customers to offer more than just tubes: Vallourec delivers safe, competitive, and smart tubular solutions to make every project possible.
73GF Score

Get the complete analysis for STU:VACE

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

€3.80
Price
€2.76
GF Value