Industrias ChB de CV (MEX:ICHB) Cyclically Adjusted Book per Share: MXN121.71 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:ICHB Industrias Ch SAB de CV MEX:ICHB
64 GF Score
Price MXN169.28
GF Value MXN173.26
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Industrias ChB de CV Cyclically Adjusted Book per Share?

Industrias ChB de CV MEX:ICHB 64 Cyclically Adjusted Book per Share is MXN121.71 as of Jun. 2026. GuruFocus rates MEX:ICHB with a GF Score™ of 64/100 and a GF Value™ of MXN173.26 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Industrias ChB de CV's adjusted book value per share for the three months ended in Jun. 2026 was MXN142.395. 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 MXN121.71 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Industrias ChB de CV's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Industrias ChB de CV was 8.20% per year. The lowest was 5.50% per year. And the median was 7.30% per year.

As of today (2026-08-15), Industrias ChB de CV's current stock price is MXN169.28. Industrias ChB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN121.71. Industrias ChB de CV's Cyclically Adjusted PB Ratio of today is 1.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Industrias ChB de CV was 2.44. The lowest was 0.75. And the median was 1.55.


Industrias ChB de CV  (MEX:ICHB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Industrias ChB de CV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=169.28/121.71
=1.39

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Industrias ChB de CV was 2.44. The lowest was 0.75. And the median was 1.55.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Industrias ChB de CV Cyclically Adjusted Book per Share Related Terms


Industrias ChB de CV Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Industrias ChB de CV's Cyclically Adjusted Book per Share 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.

Industrias ChB de CV Cyclically Adjusted Book per Share Chart

Industrias ChB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.60 98.18 104.33 111.12 118.69

Industrias ChB de CV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 114.66 116.05 118.69 121.57 121.71

MEX:ICHB vs NUE, STLD, RS: Cyclically Adjusted Book per Share Comparison

For the Steel subindustry, Industrias ChB de CV'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.


Industrias ChB de CV Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Industrias ChB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Industrias ChB de CV's Cyclically Adjusted PB Ratio falls into.


MEX:ICHB
64GF Score
Industrias Ch SAB de CV MEX:ICHB
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrias ChB de CV Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Industrias ChB de CV's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=142.395/165.5700*165.5700
=142.395

Current CPI (Jun. 2026) = 165.5700.

Industrias ChB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.775 103.084 112.070
201612 76.709 105.002 120.957
201703 77.663 108.063 118.992
201706 75.368 108.339 115.182
201709 77.307 109.628 116.756
201712 77.907 112.114 115.053
201803 80.326 113.505 117.172
201806 80.418 113.373 117.443
201809 80.925 115.130 116.379
201812 80.581 117.530 113.519
201903 80.237 118.050 112.536
201906 81.181 117.848 114.055
201909 82.037 118.581 114.545
201912 74.977 120.854 102.719
202003 79.241 121.885 107.642
202006 78.256 121.777 106.398
202009 79.351 123.341 106.519
202012 76.626 124.661 101.772
202103 81.398 127.574 105.642
202106 86.506 128.936 111.085
202109 93.454 130.742 118.349
202112 94.631 133.830 117.074
202203 99.896 137.082 120.656
202206 107.830 139.233 128.227
202209 108.314 142.116 126.190
202212 108.242 144.291 124.204
202303 109.738 146.472 124.047
202306 110.128 146.272 124.658
202309 113.712 148.446 126.829
202312 111.992 151.017 122.785
202403 115.153 152.947 124.657
202406 123.233 153.551 132.879
202409 129.011 155.246 137.591
202412 131.304 157.378 138.139
202503 136.334 158.761 142.181
202506 139.580 160.180 144.277
202509 139.928 161.030 143.873
202512 137.990 163.190 140.002
202603 143.523 166.040 143.117
202606 142.395 165.570 142.395

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

What does a Cyclically Adjusted Book per Share of MXN121.71 mean?
Industrias ChB de CV (MEX:ICHB) has a Cyclically Adjusted Book per Share of MXN121.71 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Industrias ChB de CV and its competitors.
Is Industrias ChB de CV's Cyclically Adjusted Book per Share too high?
Industrias ChB de CV's current Cyclically Adjusted Book per Share is MXN121.71. Overall, Industrias ChB de CV has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Industrias ChB de CV's Cyclically Adjusted Book per Share compare to NUE and STLD?
Industrias ChB de CV's Cyclically Adjusted Book per Share of MXN121.71 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 Cyclically Adjusted Book per Share for a Steel company?
A good Cyclically Adjusted Book per Share depends on the Steel industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Industrias ChB de CV and its competitors. Industrias ChB de CV's current Cyclically Adjusted Book per Share is MXN121.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrias ChB de CV stock overvalued right now?
Based on GuruFocus' analysis, Industrias ChB de CV (MEX:ICHB) is currently considered Fairly Valued. The stock's GF Value™ is MXN173.26, compared to a current price of MXN169.28 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN121.71. Industrias ChB de CV's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Industrias ChB de CV (MEX:ICHB), the current Cyclically Adjusted Book per Share is MXN121.71 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 Industrias ChB de CV (MEX:ICHB) Overvalued in 2026?

Based on GuruFocus' analysis, Industrias ChB de CV stock appears to be undervalued. The current stock price of MXN169.28 is trading 2.3% below its estimated GF Value™ of MXN173.26. GuruFocus considers Industrias ChB de CV to be Fairly Valued.

Key valuation signals for MEX:ICHB:

  • Cyclically Adjusted Book per Share: MXN121.71
  • GF Value™: MXN173.26 vs. price of MXN169.28 (2.3% below fair value)
  • GF Score™: 64/100 with 3 warning signs

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


Industrias ChB de CV Business Description

Other Exchanges AKQ:Germany
Address Agustin Melgar 23, Fracc Industrial Ninos Heroes, Tlalnepantla, MEX, 54030
Industrias Ch SAB de CV is a Mexican company. It acts as a producer of special steels in Mexico and the United States. The company's products include Billet, pipes, cylindrical and corrugated steel rods, structural profiles, commercial profiles, barbed wires, and wire rods and rod derivatives.
64GF Score

Get the complete analysis for MEX:ICHB

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

MXN169.28
Price
MXN173.26
GF Value