D G Khan Cement (KAR:DGKC) Cyclically Adjusted PB Ratio: 1.05 (As of Aug. 07, 2026) — 133% Above Median

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.

KAR:DGKC D G Khan Cement Ltd KAR:DGKC
65 GF Score
Price ₨218.03
GF Value ₨93.10
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is D G Khan Cement Cyclically Adjusted PB Ratio?

D G Khan Cement KAR:DGKC -0.98% 65 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 07, 2026, which is 133% above its 10-year median of 0.45. GuruFocus rates KAR:DGKC with a GF Score™ of 65/100 and a GF Value™ of ₨93.10 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 314 Building Materials companies, D G Khan Cement ranks better than 50.96% on this metric.

As of today (2026-08-07), D G Khan Cement's current share price is ₨218.03. D G Khan Cement's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨207.63. D G Khan Cement's Cyclically Adjusted PB Ratio for today is 1.05.

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

KAR:DGKC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.45   Max: 1.37
Current: 0.94

During the past years, D G Khan Cement's highest Cyclically Adjusted PB Ratio was 1.37. The lowest was 0.22. And the median was 0.45.

KAR:DGKC's Cyclically Adjusted PB Ratio is ranked better than
50.96% of 314 companies
in the Building Materials industry
Industry Median: 0.975 vs KAR:DGKC: 0.94

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.

D G Khan Cement's adjusted book value per share data for the three months ended in Mar. 2026 was ₨255.809. 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 ₨207.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


D G Khan Cement  (KAR:DGKC) 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.


D G Khan Cement Cyclically Adjusted PB Ratio Related Terms


D G Khan Cement Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for D G Khan Cement'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.

D G Khan Cement Cyclically Adjusted PB Ratio Chart

D G Khan Cement 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 0.74 0.34 0.28 0.47 0.84

D G Khan Cement 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 0.69 0.84 1.32 1.14 0.73

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

For the Building Materials subindustry, D G Khan Cement'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.


D G Khan Cement Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where D G Khan Cement's Cyclically Adjusted PB Ratio falls into.


KAR:DGKC
65GF Score
D G Khan Cement Ltd KAR:DGKC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D G Khan Cement 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.

D G Khan Cement's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=218.03/207.63
=1.05

* 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.

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

For example, D G Khan Cement'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)
=255.809/330.2130*330.2130
=255.809

Current CPI (Mar. 2026) = 330.2130.

D G Khan Cement Quarterly Data

Book Value per Share CPI Adj_Book
201606 149.947 241.018 205.439
201609 156.876 241.428 214.567
201612 163.002 241.432 222.942
201703 165.839 243.801 224.618
201706 170.487 244.955 229.826
201709 175.307 246.819 234.539
201712 169.896 246.524 227.572
201803 175.777 249.554 232.590
201806 175.723 251.989 230.272
201809 177.179 252.439 231.766
201812 169.579 251.233 222.889
201903 172.767 254.202 224.427
201906 162.055 256.143 208.917
201909 156.484 256.759 201.251
201912 167.638 256.974 215.416
202003 147.495 258.115 188.694
202006 152.145 257.797 194.883
202009 156.385 260.280 198.403
202012 162.094 260.474 205.493
202103 163.330 264.877 203.618
202106 168.205 271.696 204.432
202109 167.791 274.310 201.986
202112 168.994 278.802 200.156
202203 170.842 287.504 196.221
202206 160.445 296.311 178.802
202209 160.149 296.808 178.173
202212 160.933 296.797 179.052
202303 163.153 301.836 178.492
202306 147.587 305.109 159.730
202309 153.456 307.789 164.636
202312 165.745 306.746 178.425
202403 175.233 312.332 185.265
202406 175.021 314.175 183.955
202409 179.119 315.301 187.590
202412 197.931 315.605 207.092
202503 202.539 319.799 209.135
202506 219.621 322.561 224.831
202509 245.450 324.800 249.541
202512 258.700 324.054 263.617
202603 255.809 330.213 255.809

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 1.05 mean?
D G Khan Cement (KAR:DGKC) has a Cyclically Adjusted PB Ratio of 1.05 as of Aug. 07, 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 D G Khan Cement and its competitors. This is 133% above median its historical median of 0.45. Over the past decade, D G Khan Cement's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.37. According to the industry distribution chart, D G Khan Cement ranks #154 out of 314 companies in the Building Materials industry, placing it in the top 49%.
Is D G Khan Cement's Cyclically Adjusted PB Ratio too high?
D G Khan Cement's current Cyclically Adjusted PB Ratio of 1.05 is 133% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.37. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. D G Khan Cement's value of 1.05 is 7.7% above this industry median. Based on the distribution chart, D G Khan Cement ranks #154 out of 314 companies in the Building Materials industry, which is above the industry midpoint. Overall, D G Khan Cement has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D G Khan Cement's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, D G Khan Cement ranks #154 out of 314 companies for Cyclically Adjusted PB Ratio. This puts D G Khan Cement in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. D G Khan Cement's value of 1.05 is 7.7% above this benchmark. Historically, D G Khan Cement's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.37 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.98, D G Khan Cement 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 0.98, based on 314 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. D G Khan Cement's current Cyclically Adjusted PB Ratio of 1.05 is 7.7% 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 D G Khan Cement and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D G Khan Cement's current Cyclically Adjusted PB Ratio is 1.05, which is 133% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D G Khan Cement stock overvalued right now?
Based on GuruFocus' analysis, D G Khan Cement (KAR:DGKC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨93.10, compared to a current price of ₨218.03 — trading 134.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 133% above median its 10-year median of 0.45 and 7.7% above the Building Materials industry median of 0.98. D G Khan Cement's overall GF Score™ is 65/100 with 1 warning sign 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 D G Khan Cement (KAR:DGKC), the current Cyclically Adjusted PB Ratio is 1.05 as of Aug. 07, 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 D G Khan Cement (KAR:DGKC) Overvalued in 2026?

Based on GuruFocus' analysis, D G Khan Cement stock appears to be overvalued. The current stock price of ₨218.03 is trading 134.2% above its estimated GF Value™ of ₨93.10. GuruFocus considers D G Khan Cement to be Significantly Overvalued.

Key valuation signals for KAR:DGKC:

  • Cyclically Adjusted PB Ratio: 1.05 (133% above median its 10-year median of 0.45)
  • GF Value™: ₨93.10 vs. price of ₨218.03 (134.2% above fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 7.7% above the Building Materials median (#154 of 314)

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


D G Khan Cement Business Description

Address 53-A, Lawrence Road, Nishat House, Lahore, PB, PAK
D G Khan Cement Ltd is engaged in the production and sale of Clinker, Ordinary Portland and Sulphate Resistant Cement. It has four cement plants, two plants; located at Dera Ghazi Khan, one in Khairpur District, Chakwal, and one in Hub District, Lasbela. Its products are distributed across the Pakistan market. The company has three operating segments, which include the Cement segment: Production and sale of clinker, ordinary portland, and sulphate resistant cement, the Packaging segment: Manufacture and supply of paper products and packing material, the Dairy segment: Production and sale of raw milk.
65GF Score

Get the complete analysis for KAR:DGKC

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

₨218.03
Price
₨93.10
GF Value