APEMY (Aperam) Cyclically Adjusted PS Ratio: 0.61 (As of Aug. 03, 2026) — 53% Above Median

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APEMY Aperam SA APEMY
73 GF Score
Price $54.00
GF Value $29.40
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Aperam Cyclically Adjusted PS Ratio?

Aperam APEMY +0.54% 73 Cyclically Adjusted PS Ratio is 0.61 as of Aug. 03, 2026, which is 53% above its 10-year median of 0.40. GuruFocus rates APEMY with a GF Score™ of 73/100 and a GF Value™ of $29.40 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 515 Steel companies, Aperam ranks worse than 57.48% on this metric.

As of today (2026-08-03), Aperam's current share price is $54.00. Aperam's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $88.44. Aperam's Cyclically Adjusted PS Ratio for today is 0.61.

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

APEMY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.4   Max: 0.66
Current: 0.57

During the past years, Aperam's highest Cyclically Adjusted PS Ratio was 0.66. The lowest was 0.31. And the median was 0.40.

APEMY's Cyclically Adjusted PS Ratio is ranked worse than
57.48% of 515 companies
in the Steel industry
Industry Median: 0.45 vs APEMY: 0.57

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Aperam's adjusted revenue per share data for the three months ended in Jun. 2026 was $26.540. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $88.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aperam  (OTCPK:APEMY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Aperam Cyclically Adjusted PS Ratio Related Terms


Aperam Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aperam's Cyclically Adjusted PS 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.

Aperam Cyclically Adjusted PS Ratio Chart

Aperam Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.44 0.45 0.34 0.45

Aperam Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.35 0.35 0.45 0.43 0.53

APEMY vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Aperam's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Aperam Cyclically Adjusted PS Ratio vs Steel Industry

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

* The bar in red indicates where Aperam's Cyclically Adjusted PS Ratio falls into.


APEMY
73GF Score
Aperam SA APEMY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aperam Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Aperam's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=54.00/88.44
=0.61

* 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.

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

For example, Aperam's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.54/128.6000*128.6000
=26.540

Current CPI (Jun. 2026) = 128.6000.

Aperam Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.000 100.660 0.000
201612 0.000 101.040 0.000
201703 14.997 101.780 18.949
201706 12.733 102.170 16.027
201709 14.738 102.520 18.487
201712 14.829 102.410 18.621
201803 15.920 102.900 19.896
201806 15.388 103.650 19.092
201809 15.557 104.580 19.130
201812 15.250 104.320 18.799
201903 15.889 105.140 19.434
201906 15.017 105.550 18.296
201909 13.248 105.900 16.088
201912 13.878 106.080 16.824
202003 14.475 106.040 17.555
202006 11.463 106.340 13.863
202009 12.363 106.620 14.912
202012 13.894 106.670 16.750
202103 17.471 108.140 20.776
202106 19.111 108.680 22.614
202109 18.457 109.470 21.682
202112 20.171 111.090 23.350
202203 32.047 114.780 35.906
202206 34.153 116.750 37.619
202209 23.923 117.000 26.295
202212 23.611 117.060 25.939
202303 27.695 118.910 29.952
202306 25.288 120.460 26.997
202309 21.454 121.740 22.663
202312 23.241 121.170 24.666
202403 24.799 122.590 26.015
202406 24.163 123.120 25.238
202409 22.761 123.300 23.739
202412 21.151 122.430 22.217
202503 24.613 124.210 25.483
202506 26.140 125.820 26.718
202509 22.637 126.570 23.000
202512 21.755 126.180 22.172
202603 24.914 127.160 25.196
202606 26.540 128.600 26.540

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.61 mean?
Aperam (APEMY) has a Cyclically Adjusted PS Ratio of 0.61 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Aperam and its competitors. This is 53% above median its historical median of 0.40. Over the past decade, Aperam's Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.66. According to the industry distribution chart, Aperam ranks #296 out of 515 companies in the Steel industry, placing it in the top 57.5%.
Is Aperam's Cyclically Adjusted PS Ratio too high?
Aperam's current Cyclically Adjusted PS Ratio of 0.61 is 53% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.66. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Aperam's value of 0.61 is 35.6% above this industry median. Based on the distribution chart, Aperam ranks #296 out of 515 companies in the Steel industry, which is below the industry midpoint. Overall, Aperam has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #296 out of 515 companies for Cyclically Adjusted PS Ratio. This places Aperam in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Aperam's value of 0.61 is 35.6% above this benchmark. Historically, Aperam's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.66 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.45, Aperam has consistently been above 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 PS Ratio for a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aperam's current Cyclically Adjusted PS Ratio of 0.61 is 35.6% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Aperam and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current Cyclically Adjusted PS Ratio is 0.61, which is 53% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Based on GuruFocus' analysis, Aperam (APEMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.40, compared to a current price of $54.00 — trading 83.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.61, which is 53% above median its 10-year median of 0.40 and 35.6% above the Steel industry median of 0.45. Aperam's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Aperam (APEMY), the current Cyclically Adjusted PS Ratio is 0.61 as of Aug. 03, 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 Aperam (APEMY) Overvalued in 2026?

Based on GuruFocus' analysis, Aperam stock appears to be overvalued. The current stock price of $54.00 is trading 83.7% above its estimated GF Value™ of $29.40. GuruFocus considers Aperam to be Significantly Overvalued.

Key valuation signals for APEMY:

  • Cyclically Adjusted PS Ratio: 0.61 (53% above median its 10-year median of 0.40)
  • GF Value™: $29.40 vs. price of $54.00 (83.7% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 35.6% above the Steel median (#296 of 515)

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


Aperam Business Description

Address 24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
73GF Score

Get the complete analysis for APEMY

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

$54.00
Price
$29.40
GF Value