GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ryerson Holding Corp (NYSE:RYI) » Definitions » Cyclically Adjusted PB Ratio

Ryerson Holding (Ryerson Holding) Cyclically Adjusted PB Ratio : 3.61 (As of May. 20, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Ryerson Holding Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Ryerson Holding's current share price is $23.55. Ryerson Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.52. Ryerson Holding's Cyclically Adjusted PB Ratio for today is 3.61.

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

RYI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.47   Med: 10.85   Max: 39.06
Current: 3.52

During the past years, Ryerson Holding's highest Cyclically Adjusted PB Ratio was 39.06. The lowest was 3.47. And the median was 10.85.

RYI's Cyclically Adjusted PB Ratio is ranked worse than
74.42% of 2068 companies
in the Industrial Products industry
Industry Median: 1.845 vs RYI: 3.52

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ryerson Holding's adjusted book value per share data for the three months ended in Mar. 2024 was $25.879. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $6.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryerson Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ryerson Holding's Cyclically Adjusted PB 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.

* Premium members only.

Ryerson Holding Cyclically Adjusted PB Ratio Chart

Ryerson Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 12.92 6.17

Ryerson Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 11.00 11.17 5.99 6.17 5.14

Competitive Comparison of Ryerson Holding's Cyclically Adjusted PB Ratio

For the Metal Fabrication subindustry, Ryerson Holding's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Ryerson Holding's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ryerson Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ryerson Holding's Cyclically Adjusted PB Ratio falls into.



Ryerson Holding Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Ryerson Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.55/6.52
=3.61

* 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.

Ryerson Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ryerson Holding's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=25.879/131.7762*131.7762
=25.879

Current CPI (Mar. 2024) = 131.7762.

Ryerson Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 -3.477 100.560 -4.556
201409 -1.283 100.428 -1.683
201412 -3.936 99.070 -5.235
201503 -4.286 99.621 -5.669
201506 -3.649 100.684 -4.776
201509 -3.767 100.392 -4.945
201512 -4.411 99.792 -5.825
201603 -3.723 100.470 -4.883
201606 -3.520 101.688 -4.562
201609 -0.924 101.861 -1.195
201612 -1.368 101.863 -1.770
201703 -0.934 102.862 -1.197
201706 -0.667 103.349 -0.850
201709 -0.452 104.136 -0.572
201712 -0.269 104.011 -0.341
201803 0.065 105.290 0.081
201806 0.501 106.317 0.621
201809 2.657 106.507 3.287
201812 1.955 105.998 2.430
201903 2.934 107.251 3.605
201906 3.314 108.070 4.041
201909 3.578 108.329 4.352
201912 4.568 108.420 5.552
202003 4.748 108.902 5.745
202006 4.142 108.767 5.018
202009 3.298 109.815 3.958
202012 3.641 109.897 4.366
202103 4.413 111.754 5.204
202106 7.446 114.631 8.560
202109 10.956 115.734 12.475
202112 13.992 117.630 15.675
202203 18.049 121.301 19.608
202206 22.750 125.017 23.980
202209 23.905 125.227 25.155
202212 23.929 125.222 25.181
202303 24.406 127.348 25.255
202306 24.959 128.729 25.550
202309 25.771 129.860 26.151
202312 26.615 129.419 27.100
202403 25.879 131.776 25.879

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Ryerson Holding  (NYSE:RYI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Ryerson Holding Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ryerson Holding's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ryerson Holding (Ryerson Holding) Business Description

Traded in Other Exchanges
Address
227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
Executives
Alagu Sundarrajan officer: Chief Information Officer 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Edward J. Lehner director, officer: President & CEO C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Mark S. Silver officer: EVP, GC & Chief HR Officer C/O RYERSON HOLDING CORPORATION, 227 W MONROE ST, 27TH FLOOR, CHICAGO IL 60606
Molly D Kannan officer: CAO & Corporate Controller 227 W MONROE ST 27TH FLOOR, CHICAGO IL 60606
Kirk K Calhoun director 8285 EL RIO STREET, SUITE 130, HOUSTON TX 77054
Carruthers Court D director C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Stephen P. Larson director C/O RYERSON HOLDING CORPORATION, 227 WEST MONROE, 27TH FLOOR, CHICAGO IL 60606
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
James J Claussen officer: Executive Vice President & CFO 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
John E Orth officer: EVP, Operations 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Michael Burbach officer: Chief Operating Officer C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Ryps, Llc 10 percent owner 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Ii, Llc 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Ii, Llc 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210