Vulcan Materials Co (BSP:V1MC34) Cyclically Adjusted PB Ratio: 4.65 (As of Aug. 12, 2026) — 15% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:V1MC34 Vulcan Materials Co BSP:V1MC34
82 GF Score
Price R$23.42
GF Value R$23.11
Valuation Fairly Valued
! 2 Warning Signs
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What is Vulcan Materials Co Cyclically Adjusted PB Ratio?

Vulcan Materials Co BSP:V1MC34 82 Cyclically Adjusted PB Ratio is 4.65 as of Aug. 12, 2026, which is 15% above its 10-year median of 4.06. GuruFocus rates BSP:V1MC34 with a GF Score™ of 82/100 and a GF Value™ of R$23.11 (Fairly Valued). The stock has 2 warning signs investors should review. Among 310 Building Materials companies, Vulcan Materials Co ranks worse than 91.29% on this metric.

As of today (2026-08-12), Vulcan Materials Co's current share price is R$23.42. Vulcan Materials Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$5.04. Vulcan Materials Co's Cyclically Adjusted PB Ratio for today is 4.65.

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

BSP:V1MC34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.36   Med: 4.06   Max: 6.01
Current: 5.04

During the past years, Vulcan Materials Co's highest Cyclically Adjusted PB Ratio was 6.01. The lowest was 2.36. And the median was 4.06.

BSP:V1MC34's Cyclically Adjusted PB Ratio is ranked worse than
91.29% of 310 companies
in the Building Materials industry
Industry Median: 1.01 vs BSP:V1MC34: 5.04

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.

Vulcan Materials Co's adjusted book value per share data for the three months ended in Jun. 2026 was R$5.587. 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 R$5.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vulcan Materials Co  (BSP:V1MC34) 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.


Vulcan Materials Co Cyclically Adjusted PB Ratio Related Terms


Vulcan Materials Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vulcan Materials Co'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.

Vulcan Materials Co Cyclically Adjusted PB Ratio Chart

Vulcan Materials Co 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 5.08 3.90 4.73 5.03 5.23

Vulcan Materials Co 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 4.90 5.68 5.23 4.86 5.16

BSP:V1MC34 vs MLM, JHX, EXP: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Vulcan Materials Co'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.


Vulcan Materials Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where Vulcan Materials Co's Cyclically Adjusted PB Ratio falls into.


BSP:V1MC34
82GF Score
Vulcan Materials Co BSP:V1MC34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Vulcan Materials Co 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.

Vulcan Materials Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.42/5.04
=4.65

* 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.

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

For example, Vulcan Materials Co'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)
=5.587/333.9520*333.9520
=5.587

Current CPI (Jun. 2026) = 333.9520.

Vulcan Materials Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.846 241.428 2.553
201612 1.931 241.432 2.671
201703 1.782 243.801 2.441
201706 1.912 244.955 2.607
201709 1.849 246.819 2.502
201712 2.062 246.524 2.793
201803 2.030 249.554 2.717
201806 2.386 251.989 3.162
201809 2.669 252.439 3.531
201812 2.556 251.233 3.398
201903 2.529 254.202 3.322
201906 2.610 256.143 3.403
201909 2.875 256.759 3.739
201912 2.905 256.974 3.775
202003 3.438 258.115 4.448
202006 3.763 257.797 4.875
202009 4.028 260.280 5.168
202012 3.900 260.474 5.000
202103 4.344 264.877 5.477
202106 3.975 271.696 4.886
202109 4.261 274.310 5.187
202112 4.648 278.802 5.567
202203 4.104 287.504 4.767
202206 4.255 296.311 4.796
202209 4.508 296.808 5.072
202212 4.558 296.797 5.129
202303 4.557 301.836 5.042
202306 4.384 305.109 4.798
202309 4.608 307.789 5.000
202312 4.626 306.746 5.036
202403 4.703 312.332 5.029
202406 5.236 314.175 5.566
202409 5.500 315.301 5.825
202412 6.251 315.605 6.614
202503 5.909 319.799 6.171
202506 5.887 322.561 6.095
202509 5.914 324.800 6.081
202512 5.935 324.054 6.116
202603 5.653 330.213 5.717
202606 5.587 333.952 5.587

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 4.65 mean?
Vulcan Materials Co (BSP:V1MC34) has a Cyclically Adjusted PB Ratio of 4.65 as of Aug. 12, 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 Vulcan Materials Co and its competitors. This is 15% above median its historical median of 4.06. Over the past decade, Vulcan Materials Co's Cyclically Adjusted PB Ratio has ranged from 2.36 to 6.01. According to the industry distribution chart, Vulcan Materials Co ranks #283 out of 310 companies in the Building Materials industry, placing it in the top 91.3%.
Is Vulcan Materials Co's Cyclically Adjusted PB Ratio too high?
Vulcan Materials Co's current Cyclically Adjusted PB Ratio of 4.65 is 15% above median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 6.01. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.01. Vulcan Materials Co's value of 4.65 is 360.4% above this industry median. Based on the distribution chart, Vulcan Materials Co ranks #283 out of 310 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Vulcan Materials Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Materials Co's Cyclically Adjusted PB Ratio compare to MLM and JHX?
According to the Building Materials industry distribution chart, Vulcan Materials Co ranks #283 out of 310 companies for Cyclically Adjusted PB Ratio. This places Vulcan Materials Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Vulcan Materials Co's value of 4.65 is 360.4% above this benchmark. Historically, Vulcan Materials Co's own Cyclically Adjusted PB Ratio has ranged from 2.36 to 6.01 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 1.01, Vulcan Materials Co has consistently been above 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 1.01, based on 310 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. Vulcan Materials Co's current Cyclically Adjusted PB Ratio of 4.65 is 360.4% above 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 Vulcan Materials Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Materials Co's current Cyclically Adjusted PB Ratio is 4.65, which is 15% above median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Materials Co (BSP:V1MC34) is currently considered Fairly Valued. The stock's GF Value™ is R$23.11, compared to a current price of R$23.42 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.65, which is 15% above median its 10-year median of 4.06 and 360.4% above the Building Materials industry median of 1.01. Vulcan Materials Co's overall GF Score™ is 82/100 with 2 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 Vulcan Materials Co (BSP:V1MC34), the current Cyclically Adjusted PB Ratio is 4.65 as of Aug. 12, 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 Vulcan Materials Co (BSP:V1MC34) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Materials Co stock appears to be overvalued. The current stock price of R$23.42 is trading 1.3% above its estimated GF Value™ of R$23.11. GuruFocus considers Vulcan Materials Co to be Fairly Valued.

Key valuation signals for BSP:V1MC34:

  • Cyclically Adjusted PB Ratio: 4.65 (15% above median its 10-year median of 4.06)
  • GF Value™: R$23.11 vs. price of R$23.42 (1.3% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 360.4% above the Building Materials median (#283 of 310)

No single metric tells the full story. See the BSP:V1MC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vulcan Materials Co Business Description

Address 1200 Urban Center Drive, Birmingham, AL, USA, 35242
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
82GF Score

Get the complete analysis for BSP:V1MC34

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

R$23.42
Price
R$23.11
GF Value