SSAB AB (publ) (CHIX:SSABAS) Cyclically Adjusted PS Ratio: 0.99 (As of Jul. 14, 2026) — 77% Above Median

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.

CHIX:SSABAS SSAB AB (publ) CHIX:SSABAS
70 GF Score
Price kr93.17
GF Value kr53.66
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is SSAB AB (publ) Cyclically Adjusted PS Ratio?

SSAB AB (publ) CHIX:SSABAS 70 Cyclically Adjusted PS Ratio is 0.99 as of Jul. 14, 2026, which is 77% above its 10-year median of 0.56. GuruFocus rates CHIX:SSABAS with a GF Score™ of 70/100 and a GF Value™ of kr53.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 514 Steel companies, SSAB AB (publ) ranks worse than 71.4% on this metric.

As of today (2026-07-14), SSAB AB (publ)'s current share price is kr93.17. SSAB AB (publ)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr94.15. SSAB AB (publ)'s Cyclically Adjusted PS Ratio for today is 0.99.

The historical rank and industry rank for SSAB AB (publ)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:SSABAs' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.56   Max: 1.01
Current: 0.96

During the past years, SSAB AB (publ)'s highest Cyclically Adjusted PS Ratio was 1.01. The lowest was 0.24. And the median was 0.56.

CHIX:SSABAs's Cyclically Adjusted PS Ratio is ranked worse than
71.4% of 514 companies
in the Steel industry
Industry Median: 0.455 vs CHIX:SSABAs: 0.96

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.

SSAB AB (publ)'s adjusted revenue per share data for the three months ended in Mar. 2026 was kr25.422. 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 kr94.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SSAB AB (publ)  (CHIX:SSABAs) 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.


SSAB AB (publ) Cyclically Adjusted PS Ratio Related Terms


SSAB AB (publ) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SSAB AB (publ)'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.

SSAB AB (publ) Cyclically Adjusted PS Ratio Chart

SSAB AB (publ) 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 0.65 0.61 0.78 0.45 0.71

SSAB AB (publ) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.63 0.57 0.57 0.71 0.74

CHIX:SSABAS vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, SSAB AB (publ)'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.


SSAB AB (publ) Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, SSAB AB (publ)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SSAB AB (publ)'s Cyclically Adjusted PS Ratio falls into.


CHIX:SSABAS
70GF Score
SSAB AB (publ) CHIX:SSABAS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SSAB AB (publ) 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.

SSAB AB (publ)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=93.17/94.15
=0.99

* 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.

SSAB AB (publ)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, SSAB AB (publ)'s adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=25.422/133.5600*133.5600
=25.422

Current CPI (Mar. 2026) = 133.5600.

SSAB AB (publ) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 18.701 101.019 24.725
201609 13.087 101.138 17.282
201612 14.024 102.022 18.359
201703 15.284 102.022 20.009
201706 16.620 102.752 21.603
201709 15.720 103.279 20.329
201712 16.524 103.793 21.263
201803 16.885 103.962 21.692
201806 18.706 104.875 23.823
201809 18.487 105.679 23.364
201812 18.693 105.912 23.573
201903 19.438 105.886 24.518
201906 20.056 106.742 25.095
201909 18.295 107.214 22.791
201912 16.481 107.766 20.426
202003 17.778 106.563 22.282
202006 14.716 107.498 18.284
202009 14.062 107.635 17.449
202012 16.494 108.296 20.342
202103 19.092 108.360 23.532
202106 22.988 108.928 28.186
202109 24.490 110.338 29.644
202112 23.888 112.486 28.363
202203 30.661 114.825 35.664
202206 34.488 118.384 38.909
202209 30.604 122.296 33.423
202212 25.608 126.365 27.066
202303 30.981 127.042 32.571
202306 30.857 129.407 31.847
202309 28.490 130.224 29.220
202312 25.887 131.912 26.210
202403 27.115 132.205 27.393
202406 28.378 132.716 28.558
202409 24.456 132.304 24.688
202412 23.696 132.987 23.798
202503 25.610 132.825 25.752
202506 25.718 133.699 25.691
202509 23.038 133.480 23.052
202512 22.181 133.390 22.209
202603 25.422 133.560 25.422

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 0.99 mean?
SSAB AB (publ) (CHIX:SSABAS) has a Cyclically Adjusted PS Ratio of 0.99 as of Jul. 14, 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 SSAB AB (publ) and its competitors. This is 77% above median its historical median of 0.56. Over the past decade, SSAB AB (publ)'s Cyclically Adjusted PS Ratio has ranged from 0.24 to 1.01. According to the industry distribution chart, SSAB AB (publ) ranks #367 out of 514 companies in the Steel industry, placing it in the top 71.4%.
Is SSAB AB (publ)'s Cyclically Adjusted PS Ratio too high?
SSAB AB (publ)'s current Cyclically Adjusted PS Ratio of 0.99 is 77% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.01. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. SSAB AB (publ)'s value of 0.99 is 117.6% above this industry median. Based on the distribution chart, SSAB AB (publ) ranks #367 out of 514 companies in the Steel industry, which is below the industry midpoint. Overall, SSAB AB (publ) has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSAB AB (publ)'s Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, SSAB AB (publ) ranks #367 out of 514 companies for Cyclically Adjusted PS Ratio. This places SSAB AB (publ) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. SSAB AB (publ)'s value of 0.99 is 117.6% above this benchmark. Historically, SSAB AB (publ)'s own Cyclically Adjusted PS Ratio has ranged from 0.24 to 1.01 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.46, SSAB AB (publ) 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 0.46, based on 514 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. SSAB AB (publ)'s current Cyclically Adjusted PS Ratio of 0.99 is 117.6% 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 SSAB AB (publ) and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SSAB AB (publ)'s current Cyclically Adjusted PS Ratio is 0.99, which is 77% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSAB AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, SSAB AB (publ) (CHIX:SSABAS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr53.66, compared to a current price of kr93.17 — trading 73.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.99, which is 77% above median its 10-year median of 0.56 and 117.6% above the Steel industry median of 0.46. SSAB AB (publ)'s overall GF Score™ is 70/100 with 7 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 SSAB AB (publ) (CHIX:SSABAS), the current Cyclically Adjusted PS Ratio is 0.99 as of Jul. 14, 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 SSAB AB (publ) (CHIX:SSABAS) Overvalued in 2026?

Based on GuruFocus' analysis, SSAB AB (publ) stock appears to be overvalued. The current stock price of kr93.17 is trading 73.6% above its estimated GF Value™ of kr53.66. GuruFocus considers SSAB AB (publ) to be Significantly Overvalued.

Key valuation signals for CHIX:SSABAS:

  • Cyclically Adjusted PS Ratio: 0.99 (77% above median its 10-year median of 0.56)
  • GF Value™: kr53.66 vs. price of kr93.17 (73.6% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 117.6% above the Steel median (#367 of 514)

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


SSAB AB (publ) Business Description

Address Klarabergsviadukten 70, Building A, 8th floor, Stockholm, SWE, 11164
SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. The company manufactures quenched and tempered steels, high-strength steels, heavy plates, strip products, and tubular goods through divisions including SSAB Special Steels, SSAB Europe, and SSAB Americas, Tibnor and Ruukki Construction with production sites mainly in Sweden, Finland, and the United States, Europe and rest of the world.
70GF Score

Get the complete analysis for CHIX:SSABAS

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

kr93.17
Price
kr53.66
GF Value