Russel Metals (TSX:RUS) Cyclically Adjusted PS Ratio: 0.94 (As of Jul. 17, 2026) — 74% Above Median

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TSX:RUS Russel Metals Inc TSX:RUS
77 GF Score
Price C$70.02
GF Value C$50.93
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Russel Metals Cyclically Adjusted PS Ratio?

Russel Metals TSX:RUS +0.49% 77 Cyclically Adjusted PS Ratio is 0.94 as of Jul. 17, 2026, which is 74% above its 10-year median of 0.54. GuruFocus rates TSX:RUS with a GF Score™ of 77/100 and a GF Value™ of C$50.93 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 127 Industrial Distribution companies, Russel Metals ranks worse than 70.08% on this metric.

As of today (2026-07-17), Russel Metals's current share price is C$70.02. Russel Metals's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$74.87. Russel Metals's Cyclically Adjusted PS Ratio for today is 0.94.

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

TSX:RUS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.54   Max: 0.93
Current: 0.93

During the past years, Russel Metals's highest Cyclically Adjusted PS Ratio was 0.93. The lowest was 0.23. And the median was 0.54.

TSX:RUS's Cyclically Adjusted PS Ratio is ranked worse than
70.08% of 127 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs TSX:RUS: 0.93

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.

Russel Metals's adjusted revenue per share data for the three months ended in Mar. 2026 was C$25.775. 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 C$74.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Russel Metals  (TSX:RUS) 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.


Russel Metals Cyclically Adjusted PS Ratio Related Terms


Russel Metals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Russel Metals'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.

Russel Metals Cyclically Adjusted PS Ratio Chart

Russel Metals 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 0.57 0.44 0.66 0.61 0.60

Russel Metals 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 0.56 0.61 0.58 0.60 0.64

TSX:RUS vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Russel Metals'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.


Russel Metals Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:RUS
77GF Score
Russel Metals Inc TSX:RUS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Russel Metals 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.

Russel Metals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=70.02/74.87
=0.94

* 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.

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

For example, Russel Metals'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)
=25.775/132.2623*132.2623
=25.775

Current CPI (Mar. 2026) = 132.2623.

Russel Metals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.096 102.002 13.091
201609 10.347 101.765 13.448
201612 10.382 101.449 13.535
201703 12.980 102.634 16.727
201706 13.180 103.029 16.920
201709 13.721 103.345 17.560
201712 13.349 103.345 17.084
201803 14.970 105.004 18.856
201806 15.722 105.557 19.700
201809 18.310 105.636 22.925
201812 17.962 105.399 22.540
201903 16.600 106.979 20.523
201906 15.067 107.690 18.505
201909 13.981 107.611 17.184
201912 13.466 107.769 16.526
202003 13.102 107.927 16.056
202006 9.457 108.401 11.539
202009 9.887 108.164 12.090
202012 10.779 108.559 13.132
202103 14.160 110.298 16.980
202106 17.059 111.720 20.196
202109 17.648 112.905 20.674
202112 18.156 113.774 21.106
202203 21.177 117.646 23.808
202206 21.561 120.806 23.606
202209 20.144 120.648 22.083
202212 17.623 120.964 19.269
202303 19.048 122.702 20.532
202306 19.171 124.203 20.415
202309 18.121 125.230 19.139
202312 16.786 125.072 17.751
202403 17.583 126.258 18.419
202406 17.958 127.522 18.626
202409 18.703 127.285 19.434
202412 18.129 127.364 18.826
202503 20.595 129.181 21.086
202506 21.428 129.892 21.819
202509 20.887 130.287 21.204
202512 19.736 130.366 20.023
202603 25.775 132.262 25.775

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 0.94 mean?
Russel Metals (TSX:RUS) has a Cyclically Adjusted PS Ratio of 0.94 as of Jul. 17, 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 Russel Metals and its competitors. This is 74% above median its historical median of 0.54. Over the past decade, Russel Metals' Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.93. According to the industry distribution chart, Russel Metals ranks #89 out of 127 companies in the Industrial Distribution industry, placing it in the top 70.1%.
Is Russel Metals' Cyclically Adjusted PS Ratio too high?
Russel Metals' current Cyclically Adjusted PS Ratio of 0.94 is 74% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.93. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.50. Russel Metals' value of 0.94 is 88% above this industry median. Based on the distribution chart, Russel Metals ranks #89 out of 127 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Russel Metals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Cyclically Adjusted PS Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #89 out of 127 companies for Cyclically Adjusted PS Ratio. This places Russel Metals in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Russel Metals' value of 0.94 is 88% above this benchmark. Historically, Russel Metals' own Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.93 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.50, Russel Metals 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 an Industrial Distribution company?
The median Cyclically Adjusted PS Ratio among Industrial Distribution companies is 0.50, based on 127 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. Russel Metals's current Cyclically Adjusted PS Ratio of 0.94 is 88% 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 Russel Metals and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russel Metals's current Cyclically Adjusted PS Ratio is 0.94, which is 74% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (TSX:RUS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$50.93, compared to a current price of C$70.02 — trading 37.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.94, which is 74% above median its 10-year median of 0.54 and 88% above the Industrial Distribution industry median of 0.50. Russel Metals' overall GF Score™ is 77/100 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 Russel Metals (TSX:RUS), the current Cyclically Adjusted PS Ratio is 0.94 as of Jul. 17, 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 Russel Metals (TSX:RUS) Overvalued in 2026?

Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued. The current stock price of C$70.02 is trading 37.5% above its estimated GF Value™ of C$50.93. GuruFocus considers Russel Metals to be Significantly Overvalued.

Key valuation signals for TSX:RUS:

  • Cyclically Adjusted PS Ratio: 0.94 (74% above median its 10-year median of 0.54)
  • GF Value™: C$50.93 vs. price of C$70.02 (37.5% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 88% above the Industrial Distribution median (#89 of 127)

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


Russel Metals Business Description

Other Exchanges RUSMF:USARMZ:Germany
Address 6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
77GF Score

Get the complete analysis for TSX:RUS

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

C$70.02
Price
C$50.93
GF Value