Gulf Cement Co PSC (ADX:GCEM) Cyclically Adjusted PB Ratio: 0.40 (As of Jul. 16, 2026) — 67% Above Median

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ADX:GCEM Gulf Cement Co PSC ADX:GCEM
29 GF Score
Price د.إ0.96
GF Value د.إ0.71
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Gulf Cement Co PSC Cyclically Adjusted PB Ratio?

Gulf Cement Co PSC ADX:GCEM 29 Cyclically Adjusted PB Ratio is 0.40 as of Jul. 16, 2026, which is 67% above its 10-year median of 0.24. GuruFocus rates ADX:GCEM with a GF Score™ of 29/100 and a GF Value™ of د.إ0.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 325 Building Materials companies, Gulf Cement Co PSC ranks better than 81.54% on this metric.

As of today (2026-07-16), Gulf Cement Co PSC's current share price is د.إ0.961. Gulf Cement Co PSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ2.40. Gulf Cement Co PSC's Cyclically Adjusted PB Ratio for today is 0.40.

The historical rank and industry rank for Gulf Cement Co PSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

ADX:GCEM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.24   Max: 0.59
Current: 0.4

During the past years, Gulf Cement Co PSC's highest Cyclically Adjusted PB Ratio was 0.59. The lowest was 0.12. And the median was 0.24.

ADX:GCEM's Cyclically Adjusted PB Ratio is ranked better than
81.54% of 325 companies
in the Building Materials industry
Industry Median: 1.08 vs ADX:GCEM: 0.40

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.

Gulf Cement Co PSC's adjusted book value per share data for the three months ended in Mar. 2026 was د.إ1.270. 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 د.إ2.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Cement Co PSC  (ADX:GCEM) 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.


Gulf Cement Co PSC Cyclically Adjusted PB Ratio Related Terms


Gulf Cement Co PSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Cement Co PSC'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.

Gulf Cement Co PSC Cyclically Adjusted PB Ratio Chart

Gulf Cement Co PSC 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 0.23 0.17 0.16 0.20 0.38

Gulf Cement Co PSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.28 0.27 0.36 0.38 0.35

ADX:GCEM vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Gulf Cement Co PSC'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.


Gulf Cement Co PSC Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Gulf Cement Co PSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Cement Co PSC's Cyclically Adjusted PB Ratio falls into.


ADX:GCEM
29GF Score
Gulf Cement Co PSC ADX:GCEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Cement Co PSC 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.

Gulf Cement Co PSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.961/2.40
=0.40

* 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.

Gulf Cement Co PSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gulf Cement Co PSC's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.27/330.2130*330.2130
=1.270

Current CPI (Mar. 2026) = 330.2130.

Gulf Cement Co PSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.822 241.018 3.866
201609 2.851 241.428 3.899
201612 2.889 241.432 3.951
201703 2.911 243.801 3.943
201706 2.735 244.955 3.687
201709 2.782 246.819 3.722
201712 2.782 246.524 3.726
201803 2.779 249.554 3.677
201806 2.634 251.989 3.452
201809 2.640 252.439 3.453
201812 2.541 251.233 3.340
201903 2.561 254.202 3.327
201906 2.462 256.143 3.174
201909 2.444 256.759 3.143
201912 2.392 256.974 3.074
202003 2.290 258.115 2.930
202006 2.255 257.797 2.888
202009 1.744 260.280 2.213
202012 1.737 260.474 2.202
202103 1.727 264.877 2.153
202106 1.633 271.696 1.985
202109 1.589 274.310 1.913
202112 1.562 278.802 1.850
202203 1.527 287.504 1.754
202206 1.501 296.311 1.673
202209 1.462 296.808 1.627
202212 1.463 296.797 1.628
202303 1.427 301.836 1.561
202306 1.403 305.109 1.518
202309 1.374 307.789 1.474
202312 1.335 306.746 1.437
202403 1.317 312.332 1.392
202406 1.280 314.175 1.345
202409 1.266 315.301 1.326
202412 1.234 315.605 1.291
202503 1.208 319.799 1.247
202506 1.202 322.561 1.231
202509 1.212 324.800 1.232
202512 1.215 324.054 1.238
202603 1.270 330.213 1.270

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.

What does a Cyclically Adjusted PB Ratio of 0.40 mean?
Gulf Cement Co PSC (ADX:GCEM) has a Cyclically Adjusted PB Ratio of 0.40 as of Jul. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Gulf Cement Co PSC and its competitors. This is 67% above median its historical median of 0.24. Over the past decade, Gulf Cement Co PSC's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.59. According to the industry distribution chart, Gulf Cement Co PSC ranks #60 out of 325 companies in the Building Materials industry, placing it in the top 18.5%.
Is Gulf Cement Co PSC's Cyclically Adjusted PB Ratio too high?
Gulf Cement Co PSC's current Cyclically Adjusted PB Ratio of 0.40 is 67% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.59. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.08. Gulf Cement Co PSC's value of 0.40 is 63% below this industry median. Based on the distribution chart, Gulf Cement Co PSC ranks #60 out of 325 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Gulf Cement Co PSC has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Cement Co PSC's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Gulf Cement Co PSC ranks #60 out of 325 companies for Cyclically Adjusted PB Ratio. This places Gulf Cement Co PSC in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.08. Gulf Cement Co PSC's value of 0.40 is 63% below this benchmark. Historically, Gulf Cement Co PSC's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.59 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.08, Gulf Cement Co PSC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 1.08, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gulf Cement Co PSC's current Cyclically Adjusted PB Ratio of 0.40 is 63% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Gulf Cement Co PSC and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Cement Co PSC's current Cyclically Adjusted PB Ratio is 0.40, which is 67% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Cement Co PSC (ADX:GCEM) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ0.71, compared to a current price of د.إ0.96 — trading 35.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.40, which is 67% above median its 10-year median of 0.24 and 63% below the Building Materials industry median of 1.08. Gulf Cement Co PSC's overall GF Score™ is 29/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Gulf Cement Co PSC (ADX:GCEM), the current Cyclically Adjusted PB Ratio is 0.40 as of Jul. 16, 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 Gulf Cement Co PSC (ADX:GCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Cement Co PSC stock appears to be overvalued. The current stock price of د.إ0.96 is trading 35.4% above its estimated GF Value™ of د.إ0.71. GuruFocus considers Gulf Cement Co PSC to be Significantly Overvalued.

Key valuation signals for ADX:GCEM:

  • Cyclically Adjusted PB Ratio: 0.40 (67% above median its 10-year median of 0.24)
  • GF Value™: د.إ0.71 vs. price of د.إ0.96 (35.4% above fair value)
  • GF Score™: 29/100 with 6 warning signs
  • Industry Position: 63% below the Building Materials median (#60 of 325)

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


Gulf Cement Co PSC Business Description

Address Khor Khuir Area, P.O. Box 5295, Ras Al Khaimah, ARE
Gulf Cement Co PSC operates as a cement producer that serves customers located in the UAE and the Arab Gulf Zone. Its product offerings include a variety of cements such as Sulphate Resisting Portland Cement, Ordinary Portland Cement, Moderate Sulphate Resisting Portland Cement, and Ground Granulated Blast Furnace Slag, among others. The company has two operating segments, including Manufacturing of all types of cements, and Investments in marketable equity securities, deposits with banks, and investment properties. A majority of its revenue is generated from the Manufacturing segment. Geographically, the company derives maximum revenue from its business within the United Arab Emirates (UAE).
29GF Score

Get the complete analysis for ADX:GCEM

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

د.إ0.96
Price
د.إ0.71
GF Value