Flying Cement Co (KAR:FLYNG) Cyclically Adjusted PB Ratio: 1.64 (As of Sep. 16, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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KAR:FLYNG Flying Cement Co Ltd KAR:FLYNG
57 GF Score
Price ₨36.81
GF Value ₨54.18
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Flying Cement Co Cyclically Adjusted PB Ratio?

Flying Cement Co KAR:FLYNG +1.94% 57 Cyclically Adjusted PB Ratio is 1.64 as of Sep. 16, 2026, which is 2% below its 10-year median of 1.68. GuruFocus rates KAR:FLYNG with a GF Score™ of 57/100 and a GF Value™ of ₨54.18 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 284 Building Materials companies, Flying Cement Co ranks worse than 65.14% on this metric.

As of today (2026-09-16), Flying Cement Co's current share price is ₨36.81. Flying Cement Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨22.48. Flying Cement Co's Cyclically Adjusted PB Ratio for today is 1.64.

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

KAR:FLYNG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 1.68   Max: 2.43
Current: 1.49

During the past years, Flying Cement Co's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 0.31. And the median was 1.68.

KAR:FLYNG's Cyclically Adjusted PB Ratio is ranked worse than
65.14% of 284 companies
in the Building Materials industry
Industry Median: 0.945 vs KAR:FLYNG: 1.49

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.

Flying Cement Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨18.526. 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 ₨22.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flying Cement Co  (KAR:FLYNG) 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.


Flying Cement Co Cyclically Adjusted PB Ratio Related Terms


Flying Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Flying 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.

Flying Cement Co Cyclically Adjusted PB Ratio Chart

Flying 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 1.16 0.40 0.29 0.41 2.60

Flying 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 1.28 2.58 2.28 2.50 1.80

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

For the Building Materials subindustry, Flying 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.


Flying Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


KAR:FLYNG
57GF Score
Flying Cement Co Ltd KAR:FLYNG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flying 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.81/22.478
=1.64

* 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.

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

For example, Flying 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)
=18.526/330.2130*330.2130
=18.526

Current CPI (Mar. 2026) = 330.2130.

Flying Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.284 241.018 19.570
201609 14.365 241.428 19.648
201612 14.435 241.432 19.743
201703 14.736 243.801 19.959
201706 14.929 244.955 20.125
201709 15.013 246.819 20.086
201712 15.180 246.524 20.333
201803 15.312 249.554 20.261
201806 15.654 251.989 20.513
201809 15.775 252.439 20.635
201812 15.964 251.233 20.983
201903 16.221 254.202 21.071
201906 26.828 256.143 34.586
201909 26.916 256.759 34.616
201912 25.656 256.974 32.968
202003 25.214 258.115 32.257
202006 24.708 257.797 31.649
202009 24.546 260.280 31.141
202012 25.065 260.474 31.776
202103 18.439 264.877 22.987
202106 19.431 271.696 23.616
202109 19.912 274.310 23.970
202112 20.508 278.802 24.290
202203 25.727 287.504 29.549
202206 17.218 296.311 19.188
202209 0.000 296.808 0.000
202212 17.417 296.797 19.378
202303 17.544 301.836 19.193
202306 17.609 305.109 19.058
202309 17.737 307.789 19.029
202312 17.855 306.746 19.221
202403 17.971 312.332 19.000
202406 16.103 314.175 16.925
202409 17.717 315.301 18.555
202412 17.800 315.605 18.624
202503 18.080 319.799 18.669
202506 17.728 322.561 18.149
202509 17.925 324.800 18.224
202512 18.226 324.054 18.572
202603 18.526 330.213 18.526

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 1.64 mean?
Flying Cement Co (KAR:FLYNG) has a Cyclically Adjusted PB Ratio of 1.64 as of Sep. 16, 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 Flying Cement Co and its competitors. This is near median its historical median of 1.68. Over the past decade, Flying Cement Co's Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.43. According to the industry distribution chart, Flying Cement Co ranks #185 out of 284 companies in the Building Materials industry, placing it in the top 65.1%.
Is Flying Cement Co's Cyclically Adjusted PB Ratio too high?
Flying Cement Co's current Cyclically Adjusted PB Ratio of 1.64 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.43. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.95. Flying Cement Co's value of 1.64 is 73.5% above this industry median. Based on the distribution chart, Flying Cement Co ranks #185 out of 284 companies in the Building Materials industry, which is below the industry midpoint. Overall, Flying Cement Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flying Cement Co's Cyclically Adjusted PB Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Flying Cement Co ranks #185 out of 284 companies for Cyclically Adjusted PB Ratio. This places Flying Cement Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. Flying Cement Co's value of 1.64 is 73.5% above this benchmark. Historically, Flying Cement Co's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.43 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 0.95, Flying 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 0.95, based on 284 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. Flying Cement Co's current Cyclically Adjusted PB Ratio of 1.64 is 73.5% 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 Flying Cement Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flying Cement Co's current Cyclically Adjusted PB Ratio is 1.64, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flying Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Flying Cement Co (KAR:FLYNG) is currently considered Possible Value Trap. The stock's GF Value™ is ₨54.18, compared to a current price of ₨36.81 — trading 32.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.64, which is near median its 10-year median of 1.68 and 73.5% above the Building Materials industry median of 0.95. Flying Cement Co's overall GF Score™ is 57/100 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 Flying Cement Co (KAR:FLYNG), the current Cyclically Adjusted PB Ratio is 1.64 as of Sep. 16, 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 Flying Cement Co (KAR:FLYNG) Overvalued in 2026?

Based on GuruFocus' analysis, Flying Cement Co stock appears to be undervalued. The current stock price of ₨36.81 is trading 32.1% below its estimated GF Value™ of ₨54.18. GuruFocus considers Flying Cement Co to be Possible Value Trap.

Key valuation signals for KAR:FLYNG:

  • Cyclically Adjusted PB Ratio: 1.64 (near median its 10-year median of 1.68)
  • GF Value™: ₨54.18 vs. price of ₨36.81 (32.1% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 73.5% above the Building Materials median (#185 of 284)

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


Flying Cement Co Business Description

Address 169-A, Allauddin Road, Lahore Cantonment, Lahore, PB, PAK, 54600
Flying Cement Co Ltd is engaged in the manufacturing, marketing, and sale of cement mainly in Pakistan.
57GF Score

Get the complete analysis for KAR:FLYNG

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

₨36.81
Price
₨54.18
GF Value