Salzgitter AG (CHIX:SZGD) Cyclically Adjusted PS Ratio: 0.29 (As of Jul. 25, 2026) — 81% Above Median

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CHIX:SZGD Salzgitter AG CHIX:SZGD
59 GF Score
Price €55.20
GF Value €20.94
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Salzgitter AG Cyclically Adjusted PS Ratio?

Salzgitter AG CHIX:SZGD -13.28% 59 Cyclically Adjusted PS Ratio is 0.29 as of Jul. 25, 2026, which is 81% above its 10-year median of 0.16. GuruFocus rates CHIX:SZGD with a GF Score™ of 59/100 and a GF Value™ of €20.94 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 514 Steel companies, Salzgitter AG ranks better than 66.34% on this metric.

As of today (2026-07-25), Salzgitter AG's current share price is €55.20. Salzgitter AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €191.24. Salzgitter AG's Cyclically Adjusted PS Ratio for today is 0.29.

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

CHIX:SZGd' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.16   Max: 0.32
Current: 0.28

During the past years, Salzgitter AG's highest Cyclically Adjusted PS Ratio was 0.32. The lowest was 0.05. And the median was 0.16.

CHIX:SZGd's Cyclically Adjusted PS Ratio is ranked better than
66.34% of 514 companies
in the Steel industry
Industry Median: 0.45 vs CHIX:SZGd: 0.28

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.

Salzgitter AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €43.460. 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 €191.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Salzgitter AG  (CHIX:SZGd) 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.


Salzgitter AG Cyclically Adjusted PS Ratio Related Terms


Salzgitter AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Salzgitter AG'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.

Salzgitter AG Cyclically Adjusted PS Ratio Chart

Salzgitter AG 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 0.18 0.15 0.15 0.08 0.21

Salzgitter AG 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 0.12 0.10 0.13 0.21 0.18

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

For the Steel subindustry, Salzgitter AG'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.


Salzgitter AG Cyclically Adjusted PS Ratio vs Steel Industry

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

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


CHIX:SZGD
59GF Score
Salzgitter AG CHIX:SZGD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salzgitter AG 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.

Salzgitter AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=55.20/191.24
=0.29

* 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.

Salzgitter AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Salzgitter AG'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)
=43.46/131.2583*131.2583
=43.460

Current CPI (Mar. 2026) = 131.2583.

Salzgitter AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 37.893 100.717 49.384
201609 34.418 101.017 44.722
201612 30.875 101.217 40.039
201703 41.569 101.417 53.800
201706 40.287 102.117 51.784
201709 38.717 102.717 49.475
201712 35.864 102.617 45.874
201803 40.318 102.917 51.421
201806 40.519 104.017 51.130
201809 40.247 104.718 50.448
201812 39.822 104.217 50.154
201903 39.997 104.217 50.375
201906 37.207 105.718 46.196
201909 39.047 106.018 48.343
201912 28.734 105.818 35.642
202003 39.148 105.718 48.606
202006 28.232 106.618 34.757
202009 30.267 105.818 37.544
202012 33.746 105.518 41.978
202103 38.583 107.518 47.102
202106 43.325 108.486 52.419
202109 47.401 109.435 56.854
202112 51.072 110.384 60.730
202203 61.967 113.968 71.368
202206 60.770 115.760 68.906
202209 57.742 118.818 63.788
202212 51.547 119.345 56.693
202303 55.104 122.402 59.091
202306 53.302 123.140 56.816
202309 47.156 124.195 49.838
202312 44.092 123.773 46.759
202403 49.821 125.038 52.299
202406 47.178 125.882 49.193
202409 46.017 126.198 47.862
202412 42.181 127.041 43.581
202503 42.946 127.779 44.115
202506 43.228 128.412 44.186
202509 40.550 129.255 41.178
202512 38.889 129.361 39.459
202603 43.460 131.258 43.460

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 0.29 mean?
Salzgitter AG (CHIX:SZGD) has a Cyclically Adjusted PS Ratio of 0.29 as of Jul. 25, 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 Salzgitter AG and its competitors. This is 81% above median its historical median of 0.16. Over the past decade, Salzgitter AG's Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.32. According to the industry distribution chart, Salzgitter AG ranks #173 out of 514 companies in the Steel industry, placing it in the top 33.7%.
Is Salzgitter AG's Cyclically Adjusted PS Ratio too high?
Salzgitter AG's current Cyclically Adjusted PS Ratio of 0.29 is 81% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.32. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Salzgitter AG's value of 0.29 is 35.6% below this industry median. Based on the distribution chart, Salzgitter AG ranks #173 out of 514 companies in the Steel industry, which is above the industry midpoint. Overall, Salzgitter AG has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salzgitter AG's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Salzgitter AG ranks #173 out of 514 companies for Cyclically Adjusted PS Ratio. This puts Salzgitter AG in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Salzgitter AG's value of 0.29 is 35.6% below this benchmark. Historically, Salzgitter AG's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.32 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.45, Salzgitter AG 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 PS Ratio for a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, 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. Salzgitter AG's current Cyclically Adjusted PS Ratio of 0.29 is 35.6% 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 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 Salzgitter AG 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. Salzgitter AG's current Cyclically Adjusted PS Ratio is 0.29, which is 81% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salzgitter AG stock overvalued right now?
Based on GuruFocus' analysis, Salzgitter AG (CHIX:SZGD) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.94, compared to a current price of €55.20 — trading 163.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.29, which is 81% above median its 10-year median of 0.16 and 35.6% below the Steel industry median of 0.45. Salzgitter AG's overall GF Score™ is 59/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Salzgitter AG (CHIX:SZGD), the current Cyclically Adjusted PS Ratio is 0.29 as of Jul. 25, 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 Salzgitter AG (CHIX:SZGD) Overvalued in 2026?

Based on GuruFocus' analysis, Salzgitter AG stock appears to be overvalued. The current stock price of €55.20 is trading 163.6% above its estimated GF Value™ of €20.94. GuruFocus considers Salzgitter AG to be Significantly Overvalued.

Key valuation signals for CHIX:SZGD:

  • Cyclically Adjusted PS Ratio: 0.29 (81% above median its 10-year median of 0.16)
  • GF Value™: €20.94 vs. price of €55.20 (163.6% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 35.6% below the Steel median (#173 of 514)

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


Salzgitter AG Business Description

Address Eisenhuttenstrasse 99, Salzgitter, DEU, 38239
Salzgitter AG operates as a holding company. It has four divisions: Steel Production, Steel Processing, Trading and Technology. The majority is derived from the Steel Production segment, which manufactures high-quality branded steel & special steel. Its core product offerings include strip steel articles, seamless and welded steel pipes and tubes, and heavy plate count.
59GF Score

Get the complete analysis for CHIX:SZGD

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

€55.20
Price
€20.94
GF Value