Bestway Cement Co (KAR:BWCL) Cyclically Adjusted PB Ratio: 3.95 (As of Jul. 27, 2026) — 96% Above Median

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KAR:BWCL Bestway Cement Co Ltd KAR:BWCL
73 GF Score
Price ₨498.48
GF Value ₨326.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bestway Cement Co Cyclically Adjusted PB Ratio?

Bestway Cement Co KAR:BWCL +0.29% 73 Cyclically Adjusted PB Ratio is 3.95 as of Jul. 27, 2026, which is 96% above its 10-year median of 2.02. GuruFocus rates KAR:BWCL with a GF Score™ of 73/100 and a GF Value™ of ₨326.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 321 Building Materials companies, Bestway Cement Co ranks worse than 86.92% on this metric.

As of today (2026-07-27), Bestway Cement Co's current share price is ₨498.48. Bestway Cement Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨126.35. Bestway Cement Co's Cyclically Adjusted PB Ratio for today is 3.95.

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

KAR:BWCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.02   Max: 5.85
Current: 3.95

During the past years, Bestway Cement Co's highest Cyclically Adjusted PB Ratio was 5.85. The lowest was 1.28. And the median was 2.02.

KAR:BWCL's Cyclically Adjusted PB Ratio is ranked worse than
86.92% of 321 companies
in the Building Materials industry
Industry Median: 1 vs KAR:BWCL: 3.95

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.

Bestway Cement Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨207.348. 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 ₨126.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bestway Cement Co  (KAR:BWCL) 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.


Bestway Cement Co Cyclically Adjusted PB Ratio Related Terms


Bestway Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bestway Cement 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.

Bestway Cement Co Cyclically Adjusted PB Ratio Chart

Bestway Cement Co 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 2.09 1.38 1.47 2.14 3.55

Bestway Cement Co 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 3.50 3.55 5.57 4.33 3.24

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

For the Building Materials subindustry, Bestway Cement 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.


Bestway Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


KAR:BWCL
73GF Score
Bestway Cement Co Ltd KAR:BWCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bestway Cement 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.

Bestway Cement Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=498.48/126.35
=3.95

* 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.

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

For example, Bestway Cement Co'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)
=207.348/330.2130*330.2130
=207.348

Current CPI (Mar. 2026) = 330.2130.

Bestway Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 72.462 241.018 99.278
201609 77.801 241.428 106.412
201612 76.082 241.432 104.059
201703 78.941 243.801 106.921
201706 80.116 244.955 108.001
201709 81.983 246.819 109.683
201712 84.071 246.524 112.611
201803 85.246 249.554 112.799
201806 89.408 251.989 117.163
201809 90.204 252.439 117.995
201812 95.919 251.233 126.073
201903 97.828 254.202 127.080
201906 96.613 256.143 124.551
201909 94.179 256.759 121.122
201912 91.728 256.974 117.871
202003 90.599 258.115 115.906
202006 91.661 257.797 117.409
202009 94.545 260.280 119.948
202012 96.419 260.474 122.234
202103 99.634 264.877 124.210
202106 100.834 271.696 122.551
202109 106.180 274.310 127.819
202112 104.048 278.802 123.234
202203 106.083 287.504 121.842
202206 101.900 296.311 113.559
202209 107.630 296.808 119.743
202212 107.113 296.797 119.173
202303 108.132 301.836 118.298
202306 103.724 305.109 112.258
202309 102.993 307.789 110.497
202312 105.976 306.746 114.083
202403 103.613 312.332 109.545
202406 105.760 314.175 111.159
202409 108.870 315.301 114.019
202412 112.376 315.605 117.577
202503 114.257 319.799 117.978
202506 215.066 322.561 220.168
202509 214.698 324.800 218.276
202512 219.489 324.054 223.661
202603 207.348 330.213 207.348

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 3.95 mean?
Bestway Cement Co (KAR:BWCL) has a Cyclically Adjusted PB Ratio of 3.95 as of Jul. 27, 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 Bestway Cement Co and its competitors. This is 96% above median its historical median of 2.02. Over the past decade, Bestway Cement Co's Cyclically Adjusted PB Ratio has ranged from 1.28 to 5.85. According to the industry distribution chart, Bestway Cement Co ranks #279 out of 321 companies in the Building Materials industry, placing it in the top 86.9%.
Is Bestway Cement Co's Cyclically Adjusted PB Ratio too high?
Bestway Cement Co's current Cyclically Adjusted PB Ratio of 3.95 is 96% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 5.85. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.00. Bestway Cement Co's value of 3.95 is 295% above this industry median. Based on the distribution chart, Bestway Cement Co ranks #279 out of 321 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Bestway Cement Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bestway Cement Co's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Bestway Cement Co ranks #279 out of 321 companies for Cyclically Adjusted PB Ratio. This places Bestway Cement Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Bestway Cement Co's value of 3.95 is 295% above this benchmark. Historically, Bestway Cement Co's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 5.85 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.00, Bestway Cement 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 1.00, based on 321 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. Bestway Cement Co's current Cyclically Adjusted PB Ratio of 3.95 is 295% 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 Bestway Cement Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bestway Cement Co's current Cyclically Adjusted PB Ratio is 3.95, which is 96% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bestway Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Bestway Cement Co (KAR:BWCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨326.37, compared to a current price of ₨498.48 — trading 52.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.95, which is 96% above median its 10-year median of 2.02 and 295% above the Building Materials industry median of 1.00. Bestway Cement Co's overall GF Score™ is 73/100 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 Bestway Cement Co (KAR:BWCL), the current Cyclically Adjusted PB Ratio is 3.95 as of Jul. 27, 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 Bestway Cement Co (KAR:BWCL) Overvalued in 2026?

Based on GuruFocus' analysis, Bestway Cement Co stock appears to be overvalued. The current stock price of ₨498.48 is trading 52.7% above its estimated GF Value™ of ₨326.37. GuruFocus considers Bestway Cement Co to be Significantly Overvalued.

Key valuation signals for KAR:BWCL:

  • Cyclically Adjusted PB Ratio: 3.95 (96% above median its 10-year median of 2.02)
  • GF Value™: ₨326.37 vs. price of ₨498.48 (52.7% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 295% above the Building Materials median (#279 of 321)

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


Bestway Cement Co Business Description

Address 19-A, College Road, Bestway Building, F-7 Markaz, Islamabad, PB, PAK, 44000
Bestway Cement Co Ltd is engaged in the production and sale of cement in the local and export market. Its products include Bestway, Pakcem, Stallion, Ecocem, Low Alkali Cement, and others. The company operates in Pakistan and also export to other countries. Geographically, the majority of the revenue is generated from Pakistan.
73GF Score

Get the complete analysis for KAR:BWCL

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

₨498.48
Price
₨326.37
GF Value