Attock Cement Pakistan (KAR:ACPL) Cyclically Adjusted PB Ratio: 1.43 (As of Jul. 15, 2026) — 68% Above Median

Author: Vera Yuan Vera Yuan
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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.

KAR:ACPL Attock Cement Pakistan Ltd KAR:ACPL
67 GF Score
Price ₨222.50
GF Value ₨242.21
Valuation Fairly Valued
! 5 Warning Signs
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What is Attock Cement Pakistan Cyclically Adjusted PB Ratio?

Attock Cement Pakistan KAR:ACPL -2.04% 67 Cyclically Adjusted PB Ratio is 1.43 as of Jul. 15, 2026, which is 68% above its 10-year median of 0.85. GuruFocus rates KAR:ACPL with a GF Score™ of 67/100 and a GF Value™ of ₨242.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 325 Building Materials companies, Attock Cement Pakistan ranks worse than 62.15% on this metric.

As of today (2026-07-15), Attock Cement Pakistan's current share price is ₨222.50. Attock Cement Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨155.17. Attock Cement Pakistan's Cyclically Adjusted PB Ratio for today is 1.43.

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

KAR:ACPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.85   Max: 2.26
Current: 1.48

During the past years, Attock Cement Pakistan's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.44. And the median was 0.85.

KAR:ACPL's Cyclically Adjusted PB Ratio is ranked worse than
62.15% of 325 companies
in the Building Materials industry
Industry Median: 1.08 vs KAR:ACPL: 1.48

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.

Attock Cement Pakistan's adjusted book value per share data for the three months ended in Mar. 2026 was ₨173.634. 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 ₨155.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Attock Cement Pakistan  (KAR:ACPL) 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.


Attock Cement Pakistan Cyclically Adjusted PB Ratio Related Terms


Attock Cement Pakistan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Attock Cement Pakistan'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.

Attock Cement Pakistan Cyclically Adjusted PB Ratio Chart

Attock Cement Pakistan Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.58 0.67 0.72 2.01

Attock Cement Pakistan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.78 2.01 1.98 1.87 1.70

KAR:ACPL vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Attock Cement Pakistan'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.


Attock Cement Pakistan Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where Attock Cement Pakistan's Cyclically Adjusted PB Ratio falls into.


KAR:ACPL
67GF Score
Attock Cement Pakistan Ltd KAR:ACPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Attock Cement Pakistan 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.

Attock Cement Pakistan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=222.50/155.17
=1.43

* 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.

Attock Cement Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Attock Cement Pakistan's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=173.634/330.2130*330.2130
=173.634

Current CPI (Mar. 2026) = 330.2130.

Attock Cement Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201606 76.017 241.018 104.149
201609 81.044 241.428 110.848
201612 75.628 241.432 103.438
201703 81.687 243.801 110.640
201706 86.934 244.955 117.192
201709 91.353 246.819 122.219
201712 84.494 246.524 113.178
201803 89.960 249.554 119.036
201806 109.802 251.989 143.887
201809 113.189 252.439 148.061
201812 110.955 251.233 145.836
201903 116.699 254.202 151.594
201906 123.377 256.143 159.054
201909 121.776 256.759 156.614
201912 125.933 256.974 161.825
202003 132.410 258.115 169.395
202006 133.633 257.797 171.171
202009 137.000 260.280 173.810
202012 135.771 260.474 172.122
202103 138.778 264.877 173.010
202106 142.209 271.696 172.838
202109 144.628 274.310 174.102
202112 146.828 278.802 173.903
202203 148.066 287.504 170.061
202206 154.523 296.311 172.203
202209 156.062 296.808 173.626
202212 162.998 296.797 181.350
202303 166.984 301.836 182.683
202306 138.026 305.109 149.383
202309 149.259 307.789 160.133
202312 156.348 306.746 168.309
202403 155.145 312.332 164.027
202406 156.568 314.175 164.560
202409 157.018 315.301 164.444
202412 157.247 315.605 164.525
202503 162.097 319.799 167.376
202506 163.730 322.561 167.614
202509 161.804 324.800 164.501
202512 167.420 324.054 170.602
202603 173.634 330.213 173.634

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 1.43 mean?
Attock Cement Pakistan (KAR:ACPL) has a Cyclically Adjusted PB Ratio of 1.43 as of Jul. 15, 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 Attock Cement Pakistan and its competitors. This is 68% above median its historical median of 0.85. Over the past decade, Attock Cement Pakistan's Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.26. According to the industry distribution chart, Attock Cement Pakistan ranks #202 out of 325 companies in the Building Materials industry, placing it in the top 62.2%.
Is Attock Cement Pakistan's Cyclically Adjusted PB Ratio too high?
Attock Cement Pakistan's current Cyclically Adjusted PB Ratio of 1.43 is 68% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.26. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.08. Attock Cement Pakistan's value of 1.43 is 32.4% above this industry median. Based on the distribution chart, Attock Cement Pakistan ranks #202 out of 325 companies in the Building Materials industry, which is below the industry midpoint. Overall, Attock Cement Pakistan has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Attock Cement Pakistan's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Attock Cement Pakistan ranks #202 out of 325 companies for Cyclically Adjusted PB Ratio. This places Attock Cement Pakistan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. Attock Cement Pakistan's value of 1.43 is 32.4% above this benchmark. Historically, Attock Cement Pakistan's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.26 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.08, Attock Cement Pakistan 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 1.08, based on 325 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. Attock Cement Pakistan's current Cyclically Adjusted PB Ratio of 1.43 is 32.4% 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 Attock Cement Pakistan and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Attock Cement Pakistan's current Cyclically Adjusted PB Ratio is 1.43, which is 68% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Attock Cement Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Attock Cement Pakistan (KAR:ACPL) is currently considered Fairly Valued. The stock's GF Value™ is ₨242.21, compared to a current price of ₨222.50 — trading 8.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 68% above median its 10-year median of 0.85 and 32.4% above the Building Materials industry median of 1.08. Attock Cement Pakistan's overall GF Score™ is 67/100 with 5 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 Attock Cement Pakistan (KAR:ACPL), the current Cyclically Adjusted PB Ratio is 1.43 as of Jul. 15, 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 Attock Cement Pakistan (KAR:ACPL) Overvalued in 2026?

Based on GuruFocus' analysis, Attock Cement Pakistan stock appears to be undervalued. The current stock price of ₨222.50 is trading 8.1% below its estimated GF Value™ of ₨242.21. GuruFocus considers Attock Cement Pakistan to be Fairly Valued.

Key valuation signals for KAR:ACPL:

  • Cyclically Adjusted PB Ratio: 1.43 (68% above median its 10-year median of 0.85)
  • GF Value™: ₨242.21 vs. price of ₨222.50 (8.1% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 32.4% above the Building Materials median (#202 of 325)

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


Attock Cement Pakistan Business Description

Address Kehkashan-5, D-70, Block-4, Clifton, Karachi, SD, PAK, 75600
Attock Cement Pakistan Ltd is engaged in the business of producing and marketing cement. Its product offering includes Falcon Ordinary Portland cement, Falcon Sulphate resistant cement, Falcon Rock Cement, and Falcon Block cement. Geographically, the company carries out its business in Pakistan and also exports its products to other regions like Sri Lanka, Bangladesh, Africa, the Middle East, and Asia.
67GF Score

Get the complete analysis for KAR:ACPL

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

₨222.50
Price
₨242.21
GF Value