Tubacex (MEX:TUBN) Cyclically Adjusted PS Ratio: 0.59 (As of Aug. 13, 2026) — Near Median

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MEX:TUBN Tubacex SA MEX:TUBN
78 GF Score
Price MXN65.29
GF Value MXN62.53
! 4 Warning Signs
View Full Analysis

What is Tubacex Cyclically Adjusted PS Ratio?

Tubacex MEX:TUBN 78 Cyclically Adjusted PS Ratio is 0.59 as of Aug. 13, 2026, which is at its 10-year median of 0.59. GuruFocus rates MEX:TUBN with a GF Score™ of 78/100 and a GF Value™ of MXN62.53. The stock has 4 warning signs investors should review. Among 518 Steel companies, Tubacex ranks worse than 55.41% on this metric.

As of today (2026-08-13), Tubacex's current share price is MXN65.29. Tubacex's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN111.09. Tubacex's Cyclically Adjusted PS Ratio for today is 0.59.

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

MEX:TUBN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.59   Max: 0.89
Current: 0.54

During the past years, Tubacex's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.23. And the median was 0.59.

MEX:TUBN's Cyclically Adjusted PS Ratio is ranked worse than
55.41% of 518 companies
in the Steel industry
Industry Median: 0.46 vs MEX:TUBN: 0.54

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.

Tubacex's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN27.629. 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 MXN111.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tubacex  (MEX:TUBN) 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.


Tubacex Cyclically Adjusted PS Ratio Related Terms


Tubacex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tubacex'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.

Tubacex Cyclically Adjusted PS Ratio Chart

Tubacex 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 0.34 0.42 0.69 0.61 0.60

Tubacex 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 0.77 0.65 0.60 0.50 0.59

MEX:TUBN vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Tubacex'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.


Tubacex Cyclically Adjusted PS Ratio vs Steel Industry

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

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


MEX:TUBN
78GF Score
Tubacex SA MEX:TUBN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tubacex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.29/111.09
=0.59

* 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.

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

For example, Tubacex'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)
=27.629/131.3300*131.3300
=27.629

Current CPI (Jun. 2026) = 131.3300.

Tubacex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.483 99.737 23.021
201612 21.412 101.842 27.612
201703 20.365 100.896 26.508
201706 17.223 101.848 22.209
201709 21.508 101.524 27.822
201712 21.456 102.975 27.364
201803 29.072 102.122 37.387
201806 32.900 104.165 41.480
201809 26.779 103.818 33.875
201812 17.587 104.193 22.167
201903 24.243 103.488 30.765
201906 30.135 104.612 37.832
201909 25.691 103.905 32.472
201912 22.189 105.015 27.749
202003 31.020 103.469 39.373
202006 26.435 104.254 33.300
202009 22.283 103.521 28.269
202012 13.666 104.456 17.182
202103 16.760 104.857 20.991
202106 11.837 107.102 14.515
202109 16.965 107.669 20.693
202112 17.964 111.298 21.197
202203 28.140 115.153 32.093
202206 34.417 118.044 38.291
202209 28.546 117.221 31.982
202212 32.092 117.650 35.823
202303 37.823 118.948 41.760
202306 31.153 120.278 34.015
202309 31.885 121.343 34.509
202312 32.245 121.300 34.911
202403 27.852 122.762 29.796
202406 34.522 124.409 36.443
202409 30.944 123.121 33.007
202412 40.712 124.753 42.858
202503 33.132 125.531 34.663
202506 31.677 127.251 32.692
202509 28.560 126.840 29.571
202512 32.901 128.400 33.652
202603 25.930 129.860 26.224
202606 27.629 131.330 27.629

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 0.59 mean?
Tubacex (MEX:TUBN) has a Cyclically Adjusted PS Ratio of 0.59 as of Aug. 13, 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 Tubacex and its competitors. This is near median its historical median of 0.59. Over the past decade, Tubacex's Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.89. According to the industry distribution chart, Tubacex ranks #287 out of 518 companies in the Steel industry, placing it in the top 55.4%.
Is Tubacex's Cyclically Adjusted PS Ratio too high?
Tubacex's current Cyclically Adjusted PS Ratio of 0.59 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.89. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. Tubacex's value of 0.59 is 28.3% above this industry median. Based on the distribution chart, Tubacex ranks #287 out of 518 companies in the Steel industry, which is below the industry midpoint. Overall, Tubacex has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Tubacex's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tubacex ranks #287 out of 518 companies for Cyclically Adjusted PS Ratio. This places Tubacex in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. Tubacex's value of 0.59 is 28.3% above this benchmark. Historically, Tubacex's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.89 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.46, Tubacex 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 518 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. Tubacex's current Cyclically Adjusted PS Ratio of 0.59 is 28.3% 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 Tubacex 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. Tubacex's current Cyclically Adjusted PS Ratio is 0.59, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tubacex stock overvalued right now?
Tubacex (MEX:TUBN) has a current Cyclically Adjusted PS Ratio of 0.59. The stock's GF Value™ is MXN62.53, compared to a current price of MXN65.29 — trading 4.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.59, which is near median its 10-year median of 0.59 and 28.3% above the Steel industry median of 0.46. Tubacex's overall GF Score™ is 78/100 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 Tubacex (MEX:TUBN), the current Cyclically Adjusted PS Ratio is 0.59 as of Aug. 13, 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 Tubacex (MEX:TUBN) Overvalued in 2026?

Based on GuruFocus' analysis, Tubacex stock appears to be overvalued. The current stock price of MXN65.29 is trading 4.4% above its estimated GF Value™ of MXN62.53.

Key valuation signals for MEX:TUBN:

  • Cyclically Adjusted PS Ratio: 0.59 (near median its 10-year median of 0.59)
  • GF Value™: MXN62.53 vs. price of MXN65.29 (4.4% above fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 28.3% above the Steel median (#287 of 518)

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


Tubacex Business Description

Address Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400
Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.
78GF Score

Get the complete analysis for MEX:TUBN

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

MXN65.29
Price
MXN62.53
GF Value