Grupo Argos (BOG:GRUPOARGOS) Cyclically Adjusted PB Ratio: 0.85 (As of Sep. 04, 2026) — 124% Above Median

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BOG:GRUPOARGOS Grupo Argos SA BOG:GRUPOARGOS
40 GF Score
Price COP20,500.00
GF Value COP13,313.74
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Grupo Argos Cyclically Adjusted PB Ratio?

Grupo Argos BOG:GRUPOARGOS -1.44% 40 Cyclically Adjusted PB Ratio is 0.85 as of Sep. 04, 2026, which is 124% above its 10-year median of 0.38. GuruFocus rates BOG:GRUPOARGOS with a GF Score™ of 40/100 and a GF Value™ of COP13,313.74 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 287 Building Materials companies, Grupo Argos ranks better than 53.31% on this metric.

As of today (2026-09-04), Grupo Argos's current share price is COP20500.00. Grupo Argos's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was COP24,141.35. Grupo Argos's Cyclically Adjusted PB Ratio for today is 0.85.

The historical rank and industry rank for Grupo Argos's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOG:GRUPOARGOS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.38   Max: 0.88
Current: 0.88

During the past years, Grupo Argos's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.20. And the median was 0.38.

BOG:GRUPOARGOS's Cyclically Adjusted PB Ratio is ranked better than
53.31% of 287 companies
in the Building Materials industry
Industry Median: 0.99 vs BOG:GRUPOARGOS: 0.88

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.

Grupo Argos's adjusted book value per share data for the three months ended in Jun. 2026 was COP14,062.534. 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 COP24,141.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Argos  (BOG:GRUPOARGOS) 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.


Grupo Argos Cyclically Adjusted PB Ratio Related Terms


Grupo Argos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Argos'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.

Grupo Argos Cyclically Adjusted PB Ratio Chart

Grupo Argos 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 0.38 0.25 0.32 0.50 0.72

Grupo Argos 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 0.53 0.72 0.72 0.70 0.73

BOG:GRUPOARGOS vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Grupo Argos'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.


Grupo Argos Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grupo Argos's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupo Argos's Cyclically Adjusted PB Ratio falls into.


BOG:GRUPOARGOS
40GF Score
Grupo Argos SA BOG:GRUPOARGOS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Argos 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.

Grupo Argos's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20500.00/24141.35
=0.85

* 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.

Grupo Argos's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grupo Argos'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)
=14062.534/333.9520*333.9520
=14,062.534

Current CPI (Jun. 2026) = 333.9520.

Grupo Argos Quarterly Data

Book Value per Share CPI Adj_Book
201609 12,515.320 241.428 17,311.646
201612 18,983.453 241.432 26,258.168
201703 12,806.093 243.801 17,541.439
201706 18,996.459 244.955 25,898.249
201709 18,419.274 246.819 24,921.717
201712 18,718.621 246.524 25,357.048
201803 18,015.211 249.554 24,107.871
201806 18,091.325 251.989 23,975.785
201809 18,322.420 252.439 24,238.762
201812 19,161.658 251.233 25,470.675
201903 18,983.044 254.202 24,938.535
201906 19,142.943 256.143 24,958.028
201909 20,109.677 256.759 26,155.527
201912 19,636.906 256.974 25,519.251
202003 20,400.412 258.115 26,394.275
202006 19,840.077 257.797 25,700.972
202009 20,441.288 260.280 26,227.175
202012 19,421.041 260.474 24,899.589
202103 19,877.581 264.877 25,061.285
202106 20,072.880 271.696 24,672.349
202109 20,262.405 274.310 24,667.969
202112 21,227.342 278.802 25,426.336
202203 21,437.194 287.504 24,900.502
202206 22,193.021 296.311 25,012.246
202209 23,084.686 296.808 25,973.616
202212 24,211.903 296.797 27,242.908
202303 24,145.669 301.836 26,714.820
202306 23,211.154 305.109 25,405.384
202309 22,717.856 307.789 24,648.943
202312 21,805.787 306.746 23,739.792
202403 24,115.562 312.332 25,784.870
202406 25,488.929 314.175 27,093.431
202409 25,789.932 315.301 27,315.484
202412 25,945.365 315.605 27,453.642
202503 26,133.314 319.799 27,289.868
202506 25,952.289 322.561 26,868.775
202509 15,644.826 324.800 16,085.656
202512 15,343.059 324.054 15,811.702
202603 14,384.408 330.213 14,547.283
202606 14,062.534 333.952 14,062.534

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 0.85 mean?
Grupo Argos (BOG:GRUPOARGOS) has a Cyclically Adjusted PB Ratio of 0.85 as of Sep. 04, 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 Grupo Argos and its competitors. This is 124% above median its historical median of 0.38. Over the past decade, Grupo Argos' Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.88. According to the industry distribution chart, Grupo Argos ranks #134 out of 287 companies in the Building Materials industry, placing it in the top 46.7%.
Is Grupo Argos' Cyclically Adjusted PB Ratio too high?
Grupo Argos' current Cyclically Adjusted PB Ratio of 0.85 is 124% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.88. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.99. Grupo Argos' value of 0.85 is 14.1% below this industry median. Based on the distribution chart, Grupo Argos ranks #134 out of 287 companies in the Building Materials industry, which is above the industry midpoint. Overall, Grupo Argos has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Argos' Cyclically Adjusted PB Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Grupo Argos ranks #134 out of 287 companies for Cyclically Adjusted PB Ratio. This puts Grupo Argos in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Grupo Argos' value of 0.85 is 14.1% below this benchmark. Historically, Grupo Argos' own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.88 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.99, Grupo Argos 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 0.99, based on 287 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. Grupo Argos's current Cyclically Adjusted PB Ratio of 0.85 is 14.1% 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 Grupo Argos and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Argos's current Cyclically Adjusted PB Ratio is 0.85, which is 124% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Argos stock overvalued right now?
Based on GuruFocus' analysis, Grupo Argos (BOG:GRUPOARGOS) is currently considered Significantly Overvalued. The stock's GF Value™ is COP13,313.74, compared to a current price of COP20,500.00 — trading 54% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 124% above median its 10-year median of 0.38 and 14.1% below the Building Materials industry median of 0.99. Grupo Argos' overall GF Score™ is 40/100 with 9 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 Grupo Argos (BOG:GRUPOARGOS), the current Cyclically Adjusted PB Ratio is 0.85 as of Sep. 04, 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 Grupo Argos (BOG:GRUPOARGOS) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Argos stock appears to be overvalued. The current stock price of COP20,500.00 is trading 54% above its estimated GF Value™ of COP13,313.74. GuruFocus considers Grupo Argos to be Significantly Overvalued.

Key valuation signals for BOG:GRUPOARGOS:

  • Cyclically Adjusted PB Ratio: 0.85 (124% above median its 10-year median of 0.38)
  • GF Value™: COP13,313.74 vs. price of COP20,500.00 (54% above fair value)
  • GF Score™: 40/100 with 9 warning signs
  • Industry Position: 14.1% below the Building Materials median (#134 of 287)

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


Grupo Argos Business Description

Other Exchanges PFGRUPOARG:Colombia
Address Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL
Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.
40GF Score

Get the complete analysis for BOG:GRUPOARGOS

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

COP20,500.00
Price
COP13,313.74
GF Value