USDMY (Usinas Siderurgicas de Minas Gerais) Cyclically Adjusted PB Ratio: 0.35 (As of Jul. 11, 2026) — 26% Below Median


USDMY Usinas Siderurgicas de Minas Gerais SA USDMY
63 GF Score
Price $26.23
GF Value $20.45
! 5 Warning Signs
View Full Analysis

What is Usinas Siderurgicas de Minas Gerais Cyclically Adjusted PB Ratio?

Usinas Siderurgicas de Minas Gerais USDMY 63 Cyclically Adjusted PB Ratio is 0.35 as of Jul. 11, 2026, which is 26% below its 10-year median of 0.47. GuruFocus rates USDMY with a GF Score™ of 63/100 and a GF Value™ of $20.45. The stock has 5 warning signs investors should review. Among 519 Steel companies, Usinas Siderurgicas de Minas Gerais ranks better than 77.07% on this metric.

As of today (2026-07-11), Usinas Siderurgicas de Minas Gerais's current share price is $26.23. Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $74.75. Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted PB Ratio for today is 0.35.

The historical rank and industry rank for Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted PB Ratio or its related term are showing as below:

USDMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.47   Max: 1.26
Current: 0.4

During the past years, Usinas Siderurgicas de Minas Gerais's highest Cyclically Adjusted PB Ratio was 1.26. The lowest was 0.21. And the median was 0.47.

USDMY's Cyclically Adjusted PB Ratio is ranked better than
77.07% of 519 companies
in the Steel industry
Industry Median: 0.94 vs USDMY: 0.40

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.

Usinas Siderurgicas de Minas Gerais's adjusted book value per share data for the three months ended in Mar. 2026 was $3.190. 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 $74.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Usinas Siderurgicas de Minas Gerais  (OTCPK:USDMY) 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.


Usinas Siderurgicas de Minas Gerais Cyclically Adjusted PB Ratio Related Terms


Usinas Siderurgicas de Minas Gerais Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Cyclically Adjusted PB Ratio Chart

Usinas Siderurgicas de Minas Gerais 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 0.76 0.39 0.49 0.28 0.32

Usinas Siderurgicas de Minas Gerais 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 0.30 0.22 0.22 0.32 0.35

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

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.


Usinas Siderurgicas de Minas Gerais Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted PB Ratio falls into.


USDMY
63GF Score
Usinas Siderurgicas de Minas Gerais SA USDMY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.23/74.75
=0.35

* 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.

Usinas Siderurgicas de Minas Gerais's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Usinas Siderurgicas de Minas Gerais'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)
=3.19/175.0655*175.0655
=3.190

Current CPI (Mar. 2026) = 175.0655.

Usinas Siderurgicas de Minas Gerais Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.880 108.851 6.240
201609 3.506 109.986 5.581
201612 3.289 110.802 5.197
201703 3.577 111.869 5.598
201706 3.423 112.115 5.345
201709 3.618 112.777 5.616
201712 3.404 114.068 5.224
201803 3.453 114.868 5.263
201806 2.991 117.038 4.474
201809 2.792 117.881 4.146
201812 2.988 118.340 4.420
201903 3.030 120.124 4.416
201906 3.041 120.977 4.401
201909 2.811 121.292 4.057
201912 2.783 123.436 3.947
202003 2.337 124.092 3.297
202006 2.127 123.557 3.014
202009 2.052 125.095 2.872
202012 2.348 129.012 3.186
202103 2.273 131.660 3.022
202106 3.217 133.871 4.207
202109 3.104 137.913 3.940
202112 3.125 141.992 3.853
202203 3.744 146.537 4.473
202206 3.828 149.784 4.474
202209 3.764 147.800 4.458
202212 3.586 150.207 4.179
202303 3.688 153.352 4.210
202306 3.968 154.519 4.496
202309 3.857 155.464 4.343
202312 3.955 157.148 4.406
202403 3.889 159.372 4.272
202406 3.573 161.052 3.884
202409 3.498 162.342 3.772
202412 3.180 164.740 3.379
202503 3.446 168.102 3.589
202506 3.556 169.670 3.669
202509 3.143 170.739 3.223
202512 3.099 171.765 3.159
202603 3.190 175.066 3.190

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 0.35 mean?
Usinas Siderurgicas de Minas Gerais (USDMY) has a Cyclically Adjusted PB Ratio of 0.35 as of Jul. 11, 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 Usinas Siderurgicas de Minas Gerais and its competitors. This is 26% below median its historical median of 0.47. Over the past decade, Usinas Siderurgicas de Minas Gerais' Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.26. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #119 out of 519 companies in the Steel industry, placing it in the top 22.9%.
Is Usinas Siderurgicas de Minas Gerais' Cyclically Adjusted PB Ratio too high?
Usinas Siderurgicas de Minas Gerais' current Cyclically Adjusted PB Ratio of 0.35 is 26% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.26. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Usinas Siderurgicas de Minas Gerais' value of 0.35 is 62.8% below this industry median. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #119 out of 519 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #119 out of 519 companies for Cyclically Adjusted PB Ratio. This places Usinas Siderurgicas de Minas Gerais in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.94. Usinas Siderurgicas de Minas Gerais' value of 0.35 is 62.8% below this benchmark. Historically, Usinas Siderurgicas de Minas Gerais' own Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.26 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.94, Usinas Siderurgicas de Minas Gerais 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 0.94, based on 519 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. Usinas Siderurgicas de Minas Gerais's current Cyclically Adjusted PB Ratio of 0.35 is 62.8% 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 Usinas Siderurgicas de Minas Gerais and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current Cyclically Adjusted PB Ratio is 0.35, which is 26% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Usinas Siderurgicas de Minas Gerais (USDMY) has a current Cyclically Adjusted PB Ratio of 0.35. The stock's GF Value™ is $20.45, compared to a current price of $26.23 — trading 28.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.35, which is 26% below median its 10-year median of 0.47 and 62.8% below the Steel industry median of 0.94. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 63/100 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 Usinas Siderurgicas de Minas Gerais (USDMY), the current Cyclically Adjusted PB Ratio is 0.35 as of Jul. 11, 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 Usinas Siderurgicas de Minas Gerais (USDMY) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of $26.23 is trading 28.3% above its estimated GF Value™ of $20.45.

Key valuation signals for USDMY:

  • Cyclically Adjusted PB Ratio: 0.35 (26% below median its 10-year median of 0.47)
  • GF Value™: $20.45 vs. price of $26.23 (28.3% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 62.8% below the Steel median (#119 of 519)

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


Usinas Siderurgicas de Minas Gerais Business Description

Address Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
63GF Score

Get the complete analysis for USDMY

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

$26.23
Price
$20.45
GF Value