AMNTF (Asia Cement (China) Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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AMNTF Asia Cement (China) Holdings Corp AMNTF
37 GF Score
Price $0.21
GF Value $0.26
! 4 Warning Signs
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What is Asia Cement (China) Holdings Cyclically Adjusted PB Ratio?

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 0.18 0.17 0.16 0.25 0.20

Asia Cement (China) Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.22 0.21 0.21 0.22 0.14

AMNTF vs PHCI, SMID, RETO: 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
37GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Asia Cement (China) Holdings'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)
=1.582/116.0564*116.0564
=1.582

Current CPI (Jun. 2026) = 116.0564.

Asia Cement (China) Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.904 102.400 1.025
201612 0.885 102.600 1.001
201703 0.886 103.200 0.996
201706 0.910 103.100 1.024
201709 0.939 104.100 1.047
201712 1.001 104.500 1.112
201803 1.068 105.300 1.177
201806 1.053 104.900 1.165
201809 1.075 106.600 1.170
201812 1.157 106.500 1.261
201903 1.237 107.700 1.333
201906 1.204 107.700 1.297
201909 1.226 109.800 1.296
201912 1.342 111.200 1.401
202003 1.337 112.300 1.382
202006 1.325 110.400 1.393
202009 1.449 111.700 1.506
202012 1.613 111.500 1.679
202103 1.656 112.662 1.706
202106 1.660 111.769 1.724
202109 1.690 112.215 1.748
202112 1.770 113.108 1.816
202203 1.791 114.335 1.818
202206 1.648 114.558 1.670
202209 1.562 115.339 1.572
202212 1.597 115.116 1.610
202303 1.619 115.116 1.632
202306 1.520 114.558 1.540
202309 1.504 115.339 1.513
202312 1.548 114.781 1.565
202403 1.508 115.227 1.519
202406 1.470 114.781 1.486
202409 1.517 115.785 1.521
202412 1.476 114.893 1.491
202503 1.486 115.116 1.498
202506 1.514 114.907 1.529
202509 1.527 115.471 1.535
202512 1.549 115.832 1.552
202603 1.560 116.303 1.557
202606 1.582 116.056 1.582

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 (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 20.3% below its estimated GF Value™ of $0.26.

Key valuation signals for AMNTF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.26 vs. price of $0.21 (20.3% below fair value)
  • GF Score™: 37/100 with 4 warning signs

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.
37GF 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
$0.26
GF Value