Tubacex (XMAD:TUB) Shiller PE Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XMAD:TUB Tubacex SA XMAD:TUB
78 GF Score
Price €2.58
GF Value €3.03
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tubacex Shiller PE Ratio?

Note: If the price history is too short, we do not calculate current Shiller PE for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tubacex  (XMAD:TUB) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Tubacex Shiller PE Ratio Related Terms


Tubacex Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Tubacex's Shiller PE 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 Shiller PE Ratio Chart

Tubacex Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
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Tubacex Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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XMAD:TUB vs NUE, STLD, RS: Shiller PE Ratio Comparison

For the Steel subindustry, Tubacex's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Steel Industry

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

* The bar in red indicates where Tubacex's Shiller PE Ratio falls into.


XMAD:TUB
78GF Score
Tubacex SA XMAD:TUB
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tubacex Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Tubacex's E10 for the fiscal year that ended in Dec25 is calculated as:

For example, Tubacex's adjusted earnings per share data for the fiscal year that ended in Dec25 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.2549/128.4000*128.4000
=-0.255

Current CPI (Dec25) = 128.4000.

Tubacex Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201612 0.004 101.842 0.005
201712 -0.152 102.975 -0.189
201812 0.132 104.193 0.163
201912 0.084 105.015 0.102
202012 -0.208 104.456 -0.255
202112 -0.292 111.298 -0.337
202212 0.163 117.650 0.178
202312 0.293 121.300 0.310
202412 0.183 124.753 0.188
202512 -0.255 128.400 -0.255

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Is Tubacex (XMAD:TUB) Overvalued in 2026?

Based on GuruFocus' analysis, Tubacex stock appears to be undervalued. The current stock price of €2.58 is trading 14.9% below its estimated GF Value™ of €3.03. GuruFocus considers Tubacex to be Modestly Undervalued.

Key valuation signals for XMAD:TUB:

  • Shiller PE Ratio:
  • GF Value™: €3.03 vs. price of €2.58 (14.9% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Tubacex Business Description

Other Exchanges TUBe:UK0KD1:UKTCX:Germany
Address Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400
Tubacex SA is a Spanish manufacturer of seamless stainless steel and high-nickel alloy tubes and pipes, operating through subsidiaries worldwide. Its product range includes seamless tubes, hollow bars, fittings, and precision components. The company primarily serves the oil and gas, petrochemical, chemical, and power generation industries, while also supplying mechanical engineering, aerospace, food processing, water desalination, electronics, and capital goods sectors. Tubacex operates industrial facilities in Spain, Austria, the United States, Italy, India, and Thailand, giving it a global manufacturing and commercial footprint. Revenue is generated mainly through the sale of goods, with a smaller portion from rendering services. The company is listed on the Spanish stock exchange and serves customers across Europe, the Americas, Asia, and the Middle East.
78GF Score

Get the complete analysis for XMAD:TUB

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

€2.58
Price
€3.03
GF Value