Metallus (STU:ZS2) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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:ZS2 Metallus Inc STU:ZS2
72 GF Score
Price €18.80
GF Value €17.01
! 5 Warning Signs
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What is Metallus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Metallus  (STU:ZS2) 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.


Metallus Cyclically Adjusted PB Ratio Related Terms


Metallus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metallus'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.

Metallus Cyclically Adjusted PB Ratio Chart

Metallus 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 0.00 1.08 1.37 0.83 1.02

Metallus 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 0.90 0.97 1.02 0.96 1.09

STU:ZS2 vs NWPX, MSB, FRD: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Metallus'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.


Metallus Cyclically Adjusted PB Ratio vs Steel Industry

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

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


STU:ZS2
72GF Score
Metallus Inc STU:ZS2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Metallus 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.

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

For example, Metallus'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)
=13.942/333.9520*333.9520
=13.942

Current CPI (Jun. 2026) = 333.9520.

Metallus Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.300 241.428 18.397
201612 12.813 241.432 17.723
201703 12.520 243.801 17.150
201706 11.965 244.955 16.312
201709 11.200 246.819 15.154
201712 10.671 246.524 14.455
201803 10.242 249.554 13.706
201806 10.959 251.989 14.524
201809 11.035 252.439 14.598
201812 12.079 251.233 16.056
201903 10.717 254.202 14.079
201906 11.997 256.143 15.641
201909 12.155 256.759 15.809
201912 11.312 256.974 14.701
202003 10.927 258.115 14.137
202006 10.399 257.797 13.471
202009 9.705 260.280 12.452
202012 9.250 260.474 11.859
202103 9.456 264.877 11.922
202106 10.262 271.696 12.613
202109 11.418 274.310 13.901
202112 12.703 278.802 15.216
202203 13.673 287.504 15.882
202206 15.676 296.311 17.667
202209 16.426 296.808 18.482
202212 14.695 296.797 16.535
202303 14.677 301.836 16.239
202306 15.103 305.109 16.531
202309 15.803 307.789 17.146
202312 15.566 306.746 16.947
202403 15.458 312.332 16.528
202406 15.676 314.175 16.663
202409 15.111 315.301 16.005
202412 15.589 315.605 16.495
202503 15.068 319.799 15.735
202506 14.280 322.561 14.784
202509 14.212 324.800 14.612
202512 14.065 324.054 14.495
202603 14.189 330.213 14.350
202606 13.942 333.952 13.942

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.

Is Metallus (STU:ZS2) Overvalued in 2026?

Based on GuruFocus' analysis, Metallus stock appears to be overvalued. The current stock price of €18.80 is trading 10.5% above its estimated GF Value™ of €17.01.

Key valuation signals for STU:ZS2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €17.01 vs. price of €18.80 (10.5% above fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the STU:ZS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metallus Business Description

Other Exchanges MTUS:USA
Address 1835 Dueber Avenue South West, Canton, OH, USA, 44706
Metallus Inc is an American-based manufacturer of alloy steel, as well as carbon and micro-alloy steel. The portfolio of the company includes special bar quality steel, seamless mechanical tubes, and value-added solutions, such as precision steel components. The company also supplies machining and thermal treatment services and manages raw material recycling programs that work as a feeder system for its melt operations. The company's products and services are used in the following sectors: oil and gas; automotive, industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture and power generation. Geographically, the company mainly serves customers in the United States.
72GF Score

Get the complete analysis for STU:ZS2

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

€18.80
Price
€17.01
GF Value