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AperamXMAD:APAM +1.63%84 Price-to-Tangible-Book is 1.24 as of Sep. 04, 2026. GuruFocus rates XMAD:APAM with a GF Score™ of 84/100 and a GF Value™ of €26.70 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 600 Steel companies, Aperam ranks worse than 60% on this metric.
As of today (2026-09-04), Aperam's share price is €47.36. Aperam's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was €38.06. Hence, Aperam's Price to Tangible Book Ratio of today is 1.24.
The historical rank and industry rank for Aperam's Price-to-Tangible-Book or its related term are showing as below:
XMAD:APAM'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6 Med: 0.95 Max: 1.86
Current: 1.24
During the past 13 years, Aperam's highest Price to Tangible Book Ratio was 1.86. The lowest was 0.60. And the median was 0.95.
XMAD:APAM's Price-to-Tangible-Book is ranked worse than 60% of 600
companies
in the Steel industry
Industry Median: 1.02
vs XMAD:APAM: 1.24
A closely related ratio is called PB Ratio. As of today, Aperam's share price is €47.36. Aperam's Book Value per Sharefor the quarter that ended in Jun. 2026 was €45.15. Hence, Aperam's P/B Ratio of today is 1.05.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Aperam Price-to-Tangible-Book Related Terms
Aperam Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Aperam's Price-to-Tangible-Book 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.
XMAD:APAM vs NUE, STLD, RS: Price-to-Tangible-Book Comparison
For the Steel subindustry, Aperam's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, Aperam's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Aperam's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Aperam (XMAD:APAM) has a Price-to-Tangible-Book of 1.24 as of Sep. 04, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Aperam and its competitors. According to the industry distribution chart, Aperam ranks #360 out of 600 companies in the Steel industry, placing it in the top 60%.
Is Aperam's Price-to-Tangible-Book too high?
Aperam's current Price-to-Tangible-Book is 1.24. The Steel industry median Price-to-Tangible-Book is 1.02. Aperam's value of 1.24 is 21.6% above this industry median. Based on the distribution chart, Aperam ranks #360 out of 600 companies in the Steel industry, which is below the industry midpoint. Overall, Aperam has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's Price-to-Tangible-Book compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #360 out of 600 companies for Price-to-Tangible-Book. This places Aperam in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.02. Aperam's value of 1.24 is 21.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Steel company?
The median Price-to-Tangible-Book among Steel companies is 1.02, based on 600 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aperam's current Price-to-Tangible-Book of 1.24 is 21.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Aperam and its competitors. For the Steel industry, the median Price-to-Tangible-Book is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current Price-to-Tangible-Book is 1.24. 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 (XMAD:APAM) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.70, compared to a current price of €47.36 — trading 77.4% above its estimated fair value. The current Price-to-Tangible-Book is 1.24 and 21.6% above the Steel industry median of 1.02. Aperam's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Aperam (XMAD:APAM), the current Price-to-Tangible-Book is 1.24 as of Sep. 04, 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 (XMAD:APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Aperam stock appears to be overvalued.
The current stock price of €47.36 is trading 77.4% above its estimated GF Value™ of €26.70.
GuruFocus considers Aperam to be Significantly Overvalued.
Key valuation signals for XMAD:APAM:
Price-to-Tangible-Book: 1.24
GF Value™: €26.70 vs. price of €47.36 (77.4% above fair value)
Industry Position: 21.6% above the Steel median (#360 of 600)
No single metric tells the full story. See the XMAD:APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
Get the complete analysis for XMAD:APAM
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