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Tubos ReunidosXMAD:TRG 13 Cyclically Adjusted PB Ratio is 0.68 as of Jul. 26, 2026, which is 48% above its 10-year median of 0.46. GuruFocus rates XMAD:TRG with a GF Score™ of 13/100 and a GF Value™ of €0.49. The stock has 4 warning signs investors should review. Among 510 Steel companies, Tubos Reunidos ranks better than 59.8% on this metric.
The historical rank and industry rank for Tubos Reunidos's Cyclically Adjusted PB Ratio or its related term are showing as below:
XMAD:TRG'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.46 Max: 1.65
Current: 0.69
During the past 13 years, Tubos Reunidos's highest Cyclically Adjusted PB Ratio was 1.65. The lowest was 0.10. And the median was 0.46.
XMAD:TRG's Cyclically Adjusted PB Ratio is ranked better than 59.8% of 510
companies
in the Steel industry
Industry Median: 0.925
vs XMAD:TRG: 0.69
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.
Tubos Reunidos's adjusted book value per share data of for the fiscal year that ended in Dec25 was €-0.495. 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 €0.21 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tubos Reunidos (XMAD:TRG) 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.
Tubos Reunidos Cyclically Adjusted PB Ratio Related Terms
Tubos Reunidos Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Tubos Reunidos'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.
XMAD:TRG vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Tubos Reunidos'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.
Tubos Reunidos Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Tubos Reunidos's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tubos Reunidos's Cyclically Adjusted PB Ratio falls into.
Tubos Reunidos 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.
Tubos Reunidos's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.68 mean?
Tubos Reunidos (XMAD:TRG) has a Cyclically Adjusted PB Ratio of 0.68 as of Jul. 26, 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 Tubos Reunidos and its competitors. This is 48% above median its historical median of 0.46. Over the past decade, Tubos Reunidos' Cyclically Adjusted PB Ratio has ranged from 0.10 to 1.65. According to the industry distribution chart, Tubos Reunidos ranks #205 out of 510 companies in the Steel industry, placing it in the top 40.2%.
Is Tubos Reunidos' Cyclically Adjusted PB Ratio too high?
Tubos Reunidos' current Cyclically Adjusted PB Ratio of 0.68 is 48% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.65. The Steel industry median Cyclically Adjusted PB Ratio is 0.93. Tubos Reunidos' value of 0.68 is 26.5% below this industry median. Based on the distribution chart, Tubos Reunidos ranks #205 out of 510 companies in the Steel industry, which is above the industry midpoint. Overall, Tubos Reunidos has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Tubos Reunidos' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tubos Reunidos ranks #205 out of 510 companies for Cyclically Adjusted PB Ratio. This puts Tubos Reunidos in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.93. Tubos Reunidos' value of 0.68 is 26.5% below this benchmark. Historically, Tubos Reunidos' own Cyclically Adjusted PB Ratio has ranged from 0.10 to 1.65 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.93, Tubos Reunidos 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 0.93, based on 510 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. Tubos Reunidos's current Cyclically Adjusted PB Ratio of 0.68 is 26.5% 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 Tubos Reunidos and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tubos Reunidos's current Cyclically Adjusted PB Ratio is 0.68, which is 48% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tubos Reunidos stock overvalued right now?
Tubos Reunidos (XMAD:TRG) has a current Cyclically Adjusted PB Ratio of 0.68. The stock's GF Value™ is €0.49, compared to a current price of €0.14 — trading 70.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.68, which is 48% above median its 10-year median of 0.46 and 26.5% below the Steel industry median of 0.93. Tubos Reunidos' overall GF Score™ is 13/100 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 Tubos Reunidos (XMAD:TRG), the current Cyclically Adjusted PB Ratio is 0.68 as of Jul. 26, 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 Tubos Reunidos (XMAD:TRG) Overvalued in 2026?
Based on GuruFocus' analysis, Tubos Reunidos stock appears to be undervalued.
The current stock price of €0.14 is trading 70.7% below its estimated GF Value™ of €0.49.
Key valuation signals for XMAD:TRG:
Cyclically Adjusted PB Ratio: 0.68 (48% above median its 10-year median of 0.46)
GF Value™: €0.49 vs. price of €0.14 (70.7% below fair value)
Industry Position: 26.5% below the Steel median (#205 of 510)
No single metric tells the full story. See the XMAD:TRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.
13GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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