AMNTF (Asia Cement (China) Holdings) Cyclically Adjusted PB Ratio: 0.14 (As of Jul. 15, 2026) — 33% Below Median

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AMNTF Asia Cement (China) Holdings Corp AMNTF
48 GF Score
Price $0.21
GF Value $0.24
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Asia Cement (China) Holdings Cyclically Adjusted PB Ratio?

Asia Cement (China) Holdings AMNTF 48 Cyclically Adjusted PB Ratio is 0.14 as of Jul. 15, 2026, which is 33% below its 10-year median of 0.21. GuruFocus rates AMNTF with a GF Score™ of 48/100 and a GF Value™ of $0.24 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 325 Building Materials companies, Asia Cement (China) Holdings ranks better than 94.15% on this metric.

As of today (2026-07-15), Asia Cement (China) Holdings's current share price is $0.20728. Asia Cement (China) Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $1.44. Asia Cement (China) Holdings's Cyclically Adjusted PB Ratio for today is 0.14.

The historical rank and industry rank for Asia Cement (China) Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

AMNTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.21   Max: 0.35
Current: 0.17

During the past years, Asia Cement (China) Holdings's highest Cyclically Adjusted PB Ratio was 0.35. The lowest was 0.17. And the median was 0.21.

AMNTF's Cyclically Adjusted PB Ratio is ranked better than
94.15% of 325 companies
in the Building Materials industry
Industry Median: 1.08 vs AMNTF: 0.17

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.

Asia Cement (China) Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was $1.504. 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 $1.44 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Cement (China) Holdings  (OTCPK:AMNTF) 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
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.21

AMNTF 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.


AMNTF
48GF Score
Asia Cement (China) Holdings Corp AMNTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20728/1.44
=0.14

* 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'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)
=1.504/115.8323*115.8323
=1.504

Current CPI (Dec. 2025) = 115.8323.

Asia Cement (China) Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.887 95.237 1.079
201303 0.890 96.372 1.070
201306 0.912 95.984 1.101
201309 0.928 97.332 1.104
201312 0.977 97.624 1.159
201403 0.000 98.600 0.000
201406 0.968 98.200 1.142
201409 0.995 98.900 1.165
201412 1.014 99.000 1.186
201503 1.006 99.900 1.166
201506 0.988 99.500 1.150
201509 0.936 100.500 1.079
201512 0.920 100.600 1.059
201603 0.907 102.200 1.028
201606 0.887 101.400 1.013
201609 0.878 102.400 0.993
201612 0.863 102.600 0.974
201706 0.880 103.100 0.989
201712 0.959 104.500 1.063
201806 1.049 104.900 1.158
201812 1.121 106.500 1.219
201906 1.168 107.700 1.256
201912 1.298 111.200 1.352
202006 1.294 110.400 1.358
202012 1.576 111.500 1.637
202106 1.631 111.769 1.690
202112 1.731 113.108 1.773
202206 1.609 114.558 1.627
202212 1.555 115.116 1.565
202306 1.509 114.558 1.526
202309 1.474 115.339 1.480
202312 1.505 114.781 1.519
202403 1.481 115.227 1.489
202406 1.440 114.781 1.453
202409 1.472 115.785 1.473
202412 1.448 114.893 1.460
202503 1.454 115.116 1.463
202506 1.478 114.907 1.490
202509 1.493 115.471 1.498
202512 1.504 115.832 1.504

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 0.14 mean?
Asia Cement (China) Holdings (AMNTF) has a Cyclically Adjusted PB Ratio of 0.14 as of Jul. 15, 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 Asia Cement (China) Holdings and its competitors. This is 33% below median its historical median of 0.21. Over the past decade, Asia Cement (China) Holdings' Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.35. According to the industry distribution chart, Asia Cement (China) Holdings ranks #19 out of 325 companies in the Building Materials industry, placing it in the top 5.8%.
Is Asia Cement (China) Holdings' Cyclically Adjusted PB Ratio too high?
Asia Cement (China) Holdings' current Cyclically Adjusted PB Ratio of 0.14 is 33% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.35. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.08. Asia Cement (China) Holdings' value of 0.14 is 87% below this industry median. Based on the distribution chart, Asia Cement (China) Holdings ranks #19 out of 325 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Cement (China) Holdings has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement (China) Holdings' Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Asia Cement (China) Holdings ranks #19 out of 325 companies for Cyclically Adjusted PB Ratio. This places Asia Cement (China) Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.08. Asia Cement (China) Holdings' value of 0.14 is 87% below this benchmark. Historically, Asia Cement (China) Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.35 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 1.08, Asia Cement (China) Holdings 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. Asia Cement (China) Holdings's current Cyclically Adjusted PB Ratio of 0.14 is 87% 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 Asia Cement (China) Holdings 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. Asia Cement (China) Holdings's current Cyclically Adjusted PB Ratio is 0.14, which is 33% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement (China) Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (China) Holdings (AMNTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.24, compared to a current price of $0.21 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.14, which is 33% below median its 10-year median of 0.21 and 87% below the Building Materials industry median of 1.08. Asia Cement (China) Holdings' overall GF Score™ is 48/100 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 Asia Cement (China) Holdings (AMNTF), the current Cyclically Adjusted PB Ratio is 0.14 as of Jul. 15, 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 Asia Cement (China) Holdings (AMNTF) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Cement (China) Holdings stock appears to be undervalued. The current stock price of $0.21 is trading 13.6% below its estimated GF Value™ of $0.24. GuruFocus considers Asia Cement (China) Holdings to be Modestly Undervalued.

Key valuation signals for AMNTF:

  • Cyclically Adjusted PB Ratio: 0.14 (33% below median its 10-year median of 0.21)
  • GF Value™: $0.24 vs. price of $0.21 (13.6% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 87% below the Building Materials median (#19 of 325)

No single metric tells the full story. See the AMNTF 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.
48GF Score

Get the complete analysis for AMNTF

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

$0.21
Price
$0.24
GF Value