Gharibwal Cement (KAR:GWLC) Cyclically Adjusted PB Ratio: 1.01 (As of Aug. 16, 2026) — 35% Above Median

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KAR:GWLC Gharibwal Cement Ltd KAR:GWLC
90 GF Score
Price ₨49.33
GF Value ₨43.42
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Gharibwal Cement Cyclically Adjusted PB Ratio?

Gharibwal Cement KAR:GWLC -0.32% 90 Cyclically Adjusted PB Ratio is 1.01 as of Aug. 16, 2026, which is 35% above its 10-year median of 0.75. GuruFocus rates KAR:GWLC with a GF Score™ of 90/100 and a GF Value™ of ₨43.42 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 305 Building Materials companies, Gharibwal Cement ranks worse than 51.15% on this metric.

As of today (2026-08-16), Gharibwal Cement's current share price is ₨49.33. Gharibwal Cement's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨48.89. Gharibwal Cement's Cyclically Adjusted PB Ratio for today is 1.01.

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

KAR:GWLC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.75   Max: 1.54
Current: 1.01

During the past years, Gharibwal Cement's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.43. And the median was 0.75.

KAR:GWLC's Cyclically Adjusted PB Ratio is ranked worse than
51.15% of 305 companies
in the Building Materials industry
Industry Median: 0.97 vs KAR:GWLC: 1.01

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.

Gharibwal Cement's adjusted book value per share data for the three months ended in Mar. 2026 was ₨68.474. 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 ₨48.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gharibwal Cement  (KAR:GWLC) 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.


Gharibwal Cement Cyclically Adjusted PB Ratio Related Terms


Gharibwal Cement Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gharibwal 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.

Gharibwal Cement Cyclically Adjusted PB Ratio Chart

Gharibwal 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 0.00 0.62 0.43 0.78 1.09

Gharibwal 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 0.99 1.09 1.45 1.32 0.82

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

For the Building Materials subindustry, Gharibwal 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.


Gharibwal Cement Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


KAR:GWLC
90GF Score
Gharibwal Cement Ltd KAR:GWLC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gharibwal 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.33/48.89
=1.01

* 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.

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

For example, Gharibwal 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)
=68.474/330.2130*330.2130
=68.474

Current CPI (Mar. 2026) = 330.2130.

Gharibwal Cement Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.160 241.018 34.471
201609 24.663 241.428 33.733
201612 26.332 241.432 36.015
201703 26.303 243.801 35.626
201706 28.433 244.955 38.329
201709 20.864 246.819 27.913
201712 28.813 246.524 38.594
201803 29.432 249.554 38.945
201806 31.205 251.989 40.892
201809 31.879 252.439 41.701
201812 31.187 251.233 40.991
201903 31.753 254.202 41.248
201906 31.182 256.143 40.199
201909 30.594 256.759 39.346
201912 30.070 256.974 38.640
202003 29.313 258.115 37.501
202006 36.240 257.797 46.420
202009 36.898 260.280 46.812
202012 37.988 260.474 48.159
202103 39.186 264.877 48.852
202106 39.366 271.696 47.845
202109 40.332 274.310 48.551
202112 42.483 278.802 50.317
202203 43.599 287.504 50.076
202206 42.090 296.311 46.906
202209 42.179 296.808 46.926
202212 43.908 296.797 48.852
202303 45.282 301.836 49.539
202306 55.734 305.109 60.320
202309 56.754 307.789 60.889
202312 57.447 306.746 61.842
202403 58.842 312.332 62.211
202406 60.088 314.175 63.155
202409 61.425 315.301 64.330
202412 62.058 315.605 64.930
202503 63.230 319.799 65.289
202506 64.596 322.561 66.128
202509 65.289 324.800 66.377
202512 67.155 324.054 68.431
202603 68.474 330.213 68.474

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 1.01 mean?
Gharibwal Cement (KAR:GWLC) has a Cyclically Adjusted PB Ratio of 1.01 as of Aug. 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 Gharibwal Cement and its competitors. This is 35% above median its historical median of 0.75. Over the past decade, Gharibwal Cement's Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.54. According to the industry distribution chart, Gharibwal Cement ranks #156 out of 305 companies in the Building Materials industry, placing it in the top 51.1%.
Is Gharibwal Cement's Cyclically Adjusted PB Ratio too high?
Gharibwal Cement's current Cyclically Adjusted PB Ratio of 1.01 is 35% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.54. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.97. Gharibwal Cement's value of 1.01 is 4.1% above this industry median. Based on the distribution chart, Gharibwal Cement ranks #156 out of 305 companies in the Building Materials industry, which is below the industry midpoint. Overall, Gharibwal Cement has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gharibwal Cement's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Gharibwal Cement ranks #156 out of 305 companies for Cyclically Adjusted PB Ratio. This places Gharibwal Cement in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Gharibwal Cement's value of 1.01 is 4.1% above this benchmark. Historically, Gharibwal Cement's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.54 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.97, Gharibwal 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 0.97, based on 305 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. Gharibwal Cement's current Cyclically Adjusted PB Ratio of 1.01 is 4.1% 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 Gharibwal Cement and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gharibwal Cement's current Cyclically Adjusted PB Ratio is 1.01, which is 35% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gharibwal Cement stock overvalued right now?
Based on GuruFocus' analysis, Gharibwal Cement (KAR:GWLC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨43.42, compared to a current price of ₨49.33 — trading 13.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.01, which is 35% above median its 10-year median of 0.75 and 4.1% above the Building Materials industry median of 0.97. Gharibwal Cement's overall GF Score™ is 90/100 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 Gharibwal Cement (KAR:GWLC), the current Cyclically Adjusted PB Ratio is 1.01 as of Aug. 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 Gharibwal Cement (KAR:GWLC) Overvalued in 2026?

Based on GuruFocus' analysis, Gharibwal Cement stock appears to be overvalued. The current stock price of ₨49.33 is trading 13.6% above its estimated GF Value™ of ₨43.42. GuruFocus considers Gharibwal Cement to be Modestly Overvalued.

Key valuation signals for KAR:GWLC:

  • Cyclically Adjusted PB Ratio: 1.01 (35% above median its 10-year median of 0.75)
  • GF Value™: ₨43.42 vs. price of ₨49.33 (13.6% above fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 4.1% above the Building Materials median (#156 of 305)

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


Gharibwal Cement Business Description

Address 27 H-Block, College Road, Gulberg-II, 1st Floor, Pace Tower, Lahore, PB, PAK
Gharibwal Cement Ltd is engaged in the production and sale of cement. The firm offers Ordinary Portland Cement (OPC) that is used in all general constructions, especially in prominent projects where cement is needed to meet strict quality requirements.
90GF Score

Get the complete analysis for KAR:GWLC

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

₨49.33
Price
₨43.42
GF Value