Comcm Constanta (BSE:CMCM) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

BSE:CMCM Comcm SA Constanta BSE:CMCM
43 GF Score
Price lei0.33
GF Value lei0.08
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Comcm Constanta Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Comcm Constanta  (BSE:CMCM) 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.


Comcm Constanta Cyclically Adjusted PB Ratio Related Terms


Comcm Constanta Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Comcm Constanta'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.

Comcm Constanta Cyclically Adjusted PB Ratio Chart

Comcm Constanta 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 - 0.67 0.39 0.72 0.64

Comcm Constanta 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 0.66 0.62 0.67 0.65 0.57

BSE:CMCM vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Comcm Constanta'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.


Comcm Constanta Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Comcm Constanta's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSE:CMCM
43GF Score
Comcm SA Constanta BSE:CMCM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comcm Constanta 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.

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

For example, Comcm Constanta'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)
=0.844/333.9520*333.9520
=0.844

Current CPI (Jun. 2026) = 333.9520.

Comcm Constanta Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.389 241.428 0.538
201612 0.386 241.432 0.534
201703 0.382 243.801 0.523
201706 0.380 244.955 0.518
201709 0.376 246.819 0.509
201712 0.371 246.524 0.503
201803 0.368 249.554 0.492
201806 0.366 251.989 0.485
201809 0.367 252.439 0.486
201812 0.366 251.233 0.487
201903 0.365 254.202 0.480
201906 0.363 256.143 0.473
201909 0.363 256.759 0.472
201912 0.345 256.974 0.448
202003 0.343 258.115 0.444
202006 0.341 257.797 0.442
202009 0.339 260.280 0.435
202012 0.335 260.474 0.430
202103 0.335 264.877 0.422
202106 0.335 271.696 0.412
202109 0.334 274.310 0.407
202112 0.328 278.802 0.393
202203 0.323 287.504 0.375
202206 0.322 296.311 0.363
202209 0.321 296.808 0.361
202212 0.310 296.797 0.349
202303 0.346 301.836 0.383
202306 0.517 305.109 0.566
202309 0.543 307.789 0.589
202312 0.543 306.746 0.591
202403 0.539 312.332 0.576
202406 0.537 314.175 0.571
202409 0.536 315.301 0.568
202412 0.854 315.605 0.904
202503 0.850 319.799 0.888
202506 0.845 322.561 0.875
202509 0.843 324.800 0.867
202512 0.850 324.054 0.876
202603 0.847 330.213 0.857
202606 0.844 333.952 0.844

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 Comcm Constanta (BSE:CMCM) Overvalued in 2026?

Based on GuruFocus' analysis, Comcm Constanta stock appears to be overvalued. The current stock price of lei0.33 is trading 310% above its estimated GF Value™ of lei0.08. GuruFocus considers Comcm Constanta to be Significantly Overvalued.

Key valuation signals for BSE:CMCM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: lei0.08 vs. price of lei0.33 (310% above fair value)
  • GF Score™: 43/100 with 4 warning signs

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


Comcm Constanta Business Description

Address Bulevardul Aurel Vlaicu 144, Constanta, ROU, 900498
Comcm SA Constanta is engaged in the manufacture of concrete, and as auxiliary activities: industrial production for constructions, civil constructions of quarry products, rebars, and prefabricated products. As civil engineering and industrial construction activities. Its main activity is the rental of machinery, but also the extraction and sorting of sand.
43GF Score

Get the complete analysis for BSE:CMCM

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

lei0.33
Price
lei0.08
GF Value