Tubacex (MEX:TUBN) Construction In Progress: MXN620 Mil (As of Jun. 2026)

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MEX:TUBN Tubacex SA MEX:TUBN
70 GF Score
Price MXN65.29
GF Value MXN62.53
! 4 Warning Signs
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What is Tubacex Construction In Progress?

Tubacex MEX:TUBN 70 Construction In Progress is MXN620 Mil as of Jun. 2026. GuruFocus rates MEX:TUBN with a GF Score™ of 70/100 and a GF Value™ of MXN62.53. The stock has 4 warning signs investors should review.

Tubacex's quarterly construction in progress declined from Dec. 2025 (MXN46 Mil) to Mar. 2026 (MXN0 Mil) but then increased from Mar. 2026 (MXN0 Mil) to Jun. 2026 (MXN620 Mil).

Tubacex's annual construction in progress increased from Dec. 2023 (MXN379 Mil) to Dec. 2024 (MXN864 Mil) but then declined from Dec. 2024 (MXN864 Mil) to Dec. 2025 (MXN46 Mil).

Tubacex Construction In Progress Historical Data

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The historical data trend for Tubacex's Construction In Progress 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 Construction In Progress Chart

Tubacex Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 427.09 333.04 379.49 863.69 46.11

Tubacex Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress 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 1,146.69 0.00 46.11 0.00 620.08
MEX:TUBN
70GF Score
Tubacex SA MEX:TUBN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Tubacex Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of MXN620 Mil mean?
Tubacex (MEX:TUBN) has a Construction In Progress of MXN620 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Tubacex and its competitors.
Is Tubacex's Construction In Progress too high?
Tubacex's current Construction In Progress is MXN620 Mil. Overall, Tubacex has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Tubacex's Construction In Progress compare to NUE and STLD?
Tubacex's Construction In Progress of MXN620 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Tubacex and its competitors. Tubacex's current Construction In Progress is MXN620 Mil. 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 Construction In Progress of MXN620 Mil. 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 Construction In Progress is MXN620 Mil. Tubacex's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Tubacex (MEX:TUBN), the current Construction In Progress is MXN620 Mil as of Jun. 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:

  • Construction In Progress: MXN620 Mil
  • GF Value™: MXN62.53 vs. price of MXN65.29 (4.4% above fair value)
  • GF Score™: 70/100 with 4 warning signs

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.
70GF Score

Get the complete analysis for MEX:TUBN

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN65.29
Price
MXN62.53
GF Value