Cementos Argos (FRA:F25) Cyclically Adjusted PB Ratio: (As of Sep. 02, 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.

FRA:F25 Cementos Argos SA FRA:F25
54 GF Score
Price €17.14
GF Value €14.70
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Cementos Argos Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cementos Argos  (FRA:F25) 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.


Cementos Argos Cyclically Adjusted PB Ratio Related Terms


Cementos Argos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cementos 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.

Cementos Argos Cyclically Adjusted PB Ratio Chart

Cementos 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 0.71 0.41 0.67 1.06 1.20

Cementos 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 1.03 1.11 1.20 1.29 1.20

FRA:F25 vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Cementos 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.


Cementos Argos Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


FRA:F25
54GF Score
Cementos Argos SA FRA:F25
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cementos 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.

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

For example, Cementos 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)
=9.386/333.9520*333.9520
=9.386

Current CPI (Jun. 2026) = 333.9520.

Cementos Argos Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.775 241.428 2.455
201612 1.893 241.432 2.618
201703 1.852 243.801 2.537
201706 8.748 244.955 11.926
201709 1.995 246.819 2.699
201712 1.958 246.524 2.652
201803 1.789 249.554 2.394
201806 9.761 251.989 12.936
201809 1.872 252.439 2.476
201812 1.928 251.233 2.563
201903 1.948 254.202 2.559
201906 8.930 256.143 11.643
201909 1.934 256.759 2.515
201912 1.789 256.974 2.325
202003 1.970 258.115 2.549
202006 8.459 257.797 10.958
202009 1.709 260.280 2.193
202012 1.570 260.474 2.013
202103 1.658 264.877 2.090
202106 1.637 271.696 2.012
202109 1.667 274.310 2.029
202112 1.775 278.802 2.126
202203 1.698 287.504 1.972
202206 10.154 296.311 11.444
202209 2.001 296.808 2.251
202212 1.863 296.797 2.096
202303 1.743 301.836 1.928
202306 8.296 305.109 9.080
202309 1.814 307.789 1.968
202312 1.644 306.746 1.790
202403 2.406 312.332 2.573
202406 2.266 314.175 2.409
202409 2.044 315.301 2.165
202412 2.173 315.605 2.299
202503 2.367 319.799 2.472
202506 11.174 322.561 11.569
202509 2.092 324.800 2.151
202512 1.969 324.054 2.029
202603 1.859 330.213 1.880
202606 9.386 333.952 9.386

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 Cementos Argos (FRA:F25) Overvalued in 2026?

Based on GuruFocus' analysis, Cementos Argos stock appears to be overvalued. The current stock price of €17.14 is trading 16.6% above its estimated GF Value™ of €14.70. GuruFocus considers Cementos Argos to be Modestly Overvalued.

Key valuation signals for FRA:F25:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €14.70 vs. price of €17.14 (16.6% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the FRA:F25 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cementos Argos Business Description

Address Carrera 53, No. 106 - 280, Piso 17, Centro Empresarial Buenavista, Barranquilla, COL
Cementos Argos SA is a cement-producing company. In terms of the concrete and cement business, it is Colombia's key producer and one of the key producers in the sector across Central America and the Caribbean. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry, and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title. Its operating segments are: Colombia, which generates maximum revenue, the Caribbean, Central America, Trading, and Corporate and others.
54GF Score

Get the complete analysis for FRA:F25

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

€17.14
Price
€14.70
GF Value