TWIRF (Tree Island Steel) Cyclically Adjusted PB Ratio: 0.64 (As of Jul. 28, 2026) — 35% Below Median

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TWIRF Tree Island Steel Ltd TWIRF
53 GF Score
Price $1.62
GF Value $1.36
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tree Island Steel Cyclically Adjusted PB Ratio?

Tree Island Steel TWIRF +4.79% 53 Cyclically Adjusted PB Ratio is 0.64 as of Jul. 28, 2026, which is 35% below its 10-year median of 0.99. GuruFocus rates TWIRF with a GF Score™ of 53/100 and a GF Value™ of $1.36 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 509 Steel companies, Tree Island Steel ranks better than 65.42% on this metric.

As of today (2026-07-28), Tree Island Steel's current share price is $1.62. Tree Island Steel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $2.52. Tree Island Steel's Cyclically Adjusted PB Ratio for today is 0.64.

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

TWIRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.99   Max: 3.1
Current: 0.62

During the past years, Tree Island Steel's highest Cyclically Adjusted PB Ratio was 3.10. The lowest was 0.59. And the median was 0.99.

TWIRF's Cyclically Adjusted PB Ratio is ranked better than
65.42% of 509 companies
in the Steel industry
Industry Median: 0.92 vs TWIRF: 0.62

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.

Tree Island Steel's adjusted book value per share data for the three months ended in Mar. 2026 was $3.026. 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 $2.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tree Island Steel  (OTCPK:TWIRF) 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.


Tree Island Steel Cyclically Adjusted PB Ratio Related Terms


Tree Island Steel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tree Island Steel'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.

Tree Island Steel Cyclically Adjusted PB Ratio Chart

Tree Island Steel 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 2.32 1.32 1.23 1.00 0.85

Tree Island Steel 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 0.81 0.73 0.77 0.85 0.73

TWIRF vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Tree Island Steel'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.


Tree Island Steel Cyclically Adjusted PB Ratio vs Steel Industry

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

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


TWIRF
53GF Score
Tree Island Steel Ltd TWIRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tree Island Steel 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.

Tree Island Steel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.62/2.52
=0.64

* 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.

Tree Island Steel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tree Island Steel'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)
=3.026/132.2623*132.2623
=3.026

Current CPI (Mar. 2026) = 132.2623.

Tree Island Steel Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.683 102.002 2.182
201609 1.709 101.765 2.221
201612 1.655 101.449 2.158
201703 1.659 102.634 2.138
201706 1.667 103.029 2.140
201709 1.713 103.345 2.192
201712 1.565 103.345 2.003
201803 1.561 105.004 1.966
201806 1.597 105.557 2.001
201809 1.611 105.636 2.017
201812 1.495 105.399 1.876
201903 1.414 106.979 1.748
201906 1.392 107.690 1.710
201909 1.373 107.611 1.688
201912 1.281 107.769 1.572
202003 1.235 107.927 1.513
202006 1.282 108.401 1.564
202009 1.320 108.164 1.614
202012 1.396 108.559 1.701
202103 1.581 110.298 1.896
202106 1.867 111.720 2.210
202109 2.104 112.905 2.465
202112 3.644 113.774 4.236
202203 3.055 117.646 3.435
202206 3.366 120.806 3.685
202209 3.461 120.648 3.794
202212 3.333 120.964 3.644
202303 3.426 122.702 3.693
202306 3.537 124.203 3.767
202309 3.530 125.230 3.728
202312 3.500 125.072 3.701
202403 3.469 126.258 3.634
202406 3.468 127.522 3.597
202409 3.430 127.285 3.564
202412 3.144 127.364 3.265
202503 3.172 129.181 3.248
202506 3.294 129.892 3.354
202509 3.197 130.287 3.245
202512 3.033 130.366 3.077
202603 3.026 132.262 3.026

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 0.64 mean?
Tree Island Steel (TWIRF) has a Cyclically Adjusted PB Ratio of 0.64 as of Jul. 28, 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 Tree Island Steel and its competitors. This is 35% below median its historical median of 0.99. Over the past decade, Tree Island Steel's Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.10. According to the industry distribution chart, Tree Island Steel ranks #176 out of 509 companies in the Steel industry, placing it in the top 34.6%.
Is Tree Island Steel's Cyclically Adjusted PB Ratio too high?
Tree Island Steel's current Cyclically Adjusted PB Ratio of 0.64 is 35% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 3.10. The Steel industry median Cyclically Adjusted PB Ratio is 0.92. Tree Island Steel's value of 0.64 is 30.4% below this industry median. Based on the distribution chart, Tree Island Steel ranks #176 out of 509 companies in the Steel industry, which is above the industry midpoint. Overall, Tree Island Steel has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tree Island Steel's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tree Island Steel ranks #176 out of 509 companies for Cyclically Adjusted PB Ratio. This puts Tree Island Steel in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.92. Tree Island Steel's value of 0.64 is 30.4% below this benchmark. Historically, Tree Island Steel's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.10 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.92, Tree Island Steel 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 0.92, based on 509 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. Tree Island Steel's current Cyclically Adjusted PB Ratio of 0.64 is 30.4% 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 Tree Island Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tree Island Steel's current Cyclically Adjusted PB Ratio is 0.64, which is 35% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tree Island Steel stock overvalued right now?
Based on GuruFocus' analysis, Tree Island Steel (TWIRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.36, compared to a current price of $1.62 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 35% below median its 10-year median of 0.99 and 30.4% below the Steel industry median of 0.92. Tree Island Steel's overall GF Score™ is 53/100 with 4 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 Tree Island Steel (TWIRF), the current Cyclically Adjusted PB Ratio is 0.64 as of Jul. 28, 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 Tree Island Steel (TWIRF) Overvalued in 2026?

Based on GuruFocus' analysis, Tree Island Steel stock appears to be overvalued. The current stock price of $1.62 is trading 19.1% above its estimated GF Value™ of $1.36. GuruFocus considers Tree Island Steel to be Modestly Overvalued.

Key valuation signals for TWIRF:

  • Cyclically Adjusted PB Ratio: 0.64 (35% below median its 10-year median of 0.99)
  • GF Value™: $1.36 vs. price of $1.62 (19.1% above fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 30.4% below the Steel median (#176 of 509)

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


Tree Island Steel Business Description

Other Exchanges TSL:Canada
Address 3933 Boundary Road, Richmond, BC, CAN, V6V 1T8
Tree Island Steel Ltd is engaged in the manufacturing and sale of steel wire and fabricated steel wire products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated steel products. These products are offered under Tree Island, TI Wire, ToughStrand, ToughPanel, Halsteel, TrueSpec, and K-Lath brands. Tree Island groups its products into the following: Industrial, Commercial Construction, Agricultural, and Residential Construction, of which maximum revenue is generated from the Industrial category. Geographically, the company generates maximum revenue from Canada, and the rest from the United States, and other International markets.
53GF Score

Get the complete analysis for TWIRF

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

$1.62
Price
$1.36
GF Value