AACEY (Asia Cement (China) Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 26, 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.

AACEY Asia Cement (China) Holdings Corp AACEY
70 GF Score
Price $15.50
GF Value $19.20
! 6 Warning Signs
View Full Analysis

What is Asia Cement (China) Holdings Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio 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


Asia Cement (China) Holdings  (OTCPK:AACEY) 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.


Asia Cement (China) Holdings Cyclically Adjusted PB Ratio Related Terms


Asia Cement (China) Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asia Cement (China) Holdings'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.

Asia Cement (China) Holdings Cyclically Adjusted PB Ratio Chart

Asia Cement (China) Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.41 0.26 0.21 0.21

Asia Cement (China) Holdings Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Jun26
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 0.21 0.21 0.21 0.21 0.00

AACEY vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Asia Cement (China) Holdings'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.


Asia Cement (China) Holdings Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asia Cement (China) Holdings's Cyclically Adjusted PB Ratio falls into.


AACEY
70GF Score
Asia Cement (China) Holdings Corp AACEY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Cement (China) Holdings 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.

Asia Cement (China) Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Asia Cement (China) Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=30.085/115.8323*115.8323
=30.085

Current CPI (Dec. 2025) = 115.8323.

Asia Cement (China) Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201212 17.735 95.237 21.570
201303 17.805 96.372 21.400
201306 18.236 95.984 22.007
201309 18.563 97.332 22.091
201312 19.541 97.624 23.186
201403 0.000 98.600 0.000
201406 19.360 98.200 22.836
201409 19.901 98.900 23.308
201412 20.276 99.000 23.723
201503 20.115 99.900 23.323
201506 19.762 99.500 23.006
201509 18.710 100.500 21.564
201512 18.406 100.600 21.193
201603 18.131 102.200 20.549
201606 17.738 101.400 20.263
201609 17.568 102.400 19.872
201612 17.256 102.600 19.482
201706 17.608 103.100 19.782
201712 19.186 104.500 21.267
201806 20.979 104.900 23.165
201812 22.414 106.500 24.378
201906 23.366 107.700 25.130
201912 25.959 111.200 27.040
202006 25.881 110.400 27.154
202012 31.522 111.500 32.747
202106 32.625 111.769 33.811
202112 34.615 113.108 35.449
202206 32.180 114.558 32.538
202212 31.102 115.116 31.296
202306 30.180 114.558 30.516
202309 29.477 115.339 29.603
202312 30.110 114.781 30.386
202403 29.623 115.227 29.779
202406 28.809 114.781 29.073
202409 29.439 115.785 29.451
202412 28.954 114.893 29.191
202503 29.084 115.116 29.265
202506 29.561 114.907 29.799
202509 29.855 115.471 29.948
202512 30.085 115.832 30.085

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.

Is Asia Cement (China) Holdings (AACEY) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Cement (China) Holdings stock appears to be undervalued. The current stock price of $15.50 is trading 19.3% below its estimated GF Value™ of $19.20.

Key valuation signals for AACEY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $19.20 vs. price of $15.50 (19.3% below fair value)
  • GF Score™: 70/100 with 6 warning signs

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


Asia Cement (China) Holdings Business Description

Other Exchanges 4OJ:Germany
Address No. 6 Yadong Avenue, Ma-Tou Town, Jiangxi Province, Ruichang, CHN, 332207
Asia Cement (China) Holdings Corp is an investment holding company. Along with its subsidiaries, it manufactures and sells cement, clinker, ready-mix concrete, blast-furnace slag powder, and other related products. The group operates through the Cement and Concrete business segments, of which a majority of its revenue is generated from the Cement business segment. Geographically, the group's revenue by location of customers is principally derived from the People's Republic of China.
70GF Score

Get the complete analysis for AACEY

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

$15.50
Price
$19.20
GF Value