Kohat Cement Co (KAR:KOHC) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:KOHC Kohat Cement Co Ltd KAR:KOHC
93 GF Score
Price ₨90.31
GF Value ₨83.99
Valuation Fairly Valued
! 1 Warning Sign
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What is Kohat Cement Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kohat Cement Co  (KAR:KOHC) 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.


Kohat Cement Co Cyclically Adjusted PB Ratio Related Terms


Kohat Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kohat 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.

Kohat Cement Co Cyclically Adjusted PB Ratio Chart

Kohat Cement Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 1.63 2.00 2.58 3.15

Kohat Cement Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.69 3.61 3.72 2.49 3.28

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

For the Building Materials subindustry, Kohat 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.


Kohat Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


KAR:KOHC
93GF Score
Kohat Cement Co Ltd KAR:KOHC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kohat 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.

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

For example, Kohat Cement Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=63.794/333.9520*333.9520
=63.794

Current CPI (Jun. 2026) = 333.9520.

Kohat Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.699 241.428 20.332
201612 15.123 241.432 20.918
201703 14.819 243.801 20.299
201706 15.241 244.955 20.778
201709 16.140 246.819 21.838
201712 16.570 246.524 22.446
201803 17.219 249.554 23.042
201806 17.900 251.989 23.722
201809 18.426 252.439 24.376
201812 18.651 251.233 24.792
201903 19.292 254.202 25.344
201906 19.588 256.143 25.538
201909 19.676 256.759 25.591
201912 19.186 256.974 24.933
202003 18.806 258.115 24.331
202006 18.646 257.797 24.154
202009 19.151 260.280 24.572
202012 20.112 260.474 25.785
202103 21.167 264.877 26.687
202106 22.128 271.696 27.198
202109 23.520 274.310 28.634
202112 25.099 278.802 30.064
202203 26.737 287.504 31.057
202206 27.129 296.311 30.575
202209 28.907 296.808 32.525
202212 30.853 296.797 34.715
202303 32.468 301.836 35.923
202306 32.470 305.109 35.540
202309 35.153 307.789 38.141
202312 306.746 0.000
202403 39.526 312.332 42.262
202406 41.959 314.175 44.600
202409 45.470 315.301 48.160
202412 48.986 315.605 51.834
202503 51.278 319.799 53.547
202506 52.165 322.561 54.007
202509 55.358 324.800 56.918
202512 58.183 324.054 59.960
202603 60.218 330.213 60.900
202606 63.794 333.952 63.794

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.

Is Kohat Cement Co (KAR:KOHC) Overvalued in 2026?

Based on GuruFocus' analysis, Kohat Cement Co stock appears to be overvalued. The current stock price of ₨90.31 is trading 7.5% above its estimated GF Value™ of ₨83.99. GuruFocus considers Kohat Cement Co to be Fairly Valued.

Key valuation signals for KAR:KOHC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₨83.99 vs. price of ₨90.31 (7.5% above fair value)
  • GF Score™: 93/100 with 1 warning sign

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


Kohat Cement Co Business Description

Address 37-P, Gulberg - II, Lahore, PB, PAK
Kohat Cement Co Ltd is a cement manufacturing company in Pakistan. It offers white and grey cement under Kohat cement and Kohat super white brand name respectively. Its products comprise of Grey Cement and White Cement. The business activity of the organization is operated through the geographical area of Pakistan and Afghanistan and maximum of the income is derived from the region of Pakistan.
93GF Score

Get the complete analysis for KAR:KOHC

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

₨90.31
Price
₨83.99
GF Value