Maple Leaf Cement Factory (KAR:MLCF) Cyclically Adjusted PB Ratio: 1.74 (As of Sep. 12, 2026) — 96% Above Median

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KAR:MLCF Maple Leaf Cement Factory Ltd KAR:MLCF
81 GF Score
Price ₨95.40
GF Value ₨64.94
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Maple Leaf Cement Factory Cyclically Adjusted PB Ratio?

Maple Leaf Cement Factory KAR:MLCF +1.39% 81 Cyclically Adjusted PB Ratio is 1.74 as of Sep. 12, 2026, which is 96% above its 10-year median of 0.89. GuruFocus rates KAR:MLCF with a GF Score™ of 81/100 and a GF Value™ of ₨64.94 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 284 Building Materials companies, Maple Leaf Cement Factory ranks worse than 70.42% on this metric.

As of today (2026-09-12), Maple Leaf Cement Factory's current share price is ₨95.40. Maple Leaf Cement Factory's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₨54.81. Maple Leaf Cement Factory's Cyclically Adjusted PB Ratio for today is 1.74.

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

KAR:MLCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.89   Max: 2.42
Current: 1.74

During the past years, Maple Leaf Cement Factory's highest Cyclically Adjusted PB Ratio was 2.42. The lowest was 0.47. And the median was 0.89.

KAR:MLCF's Cyclically Adjusted PB Ratio is ranked worse than
70.42% of 284 companies
in the Building Materials industry
Industry Median: 0.98 vs KAR:MLCF: 1.74

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.

Maple Leaf Cement Factory's adjusted book value per share data for the three months ended in Jun. 2026 was ₨79.234. 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 ₨54.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maple Leaf Cement Factory  (KAR:MLCF) 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.


Maple Leaf Cement Factory Cyclically Adjusted PB Ratio Related Terms


Maple Leaf Cement Factory Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maple Leaf Cement Factory'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.

Maple Leaf Cement Factory Cyclically Adjusted PB Ratio Chart

Maple Leaf Cement Factory 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 0.68 0.66 0.83 1.69 1.95

Maple Leaf Cement Factory 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 1.69 2.15 2.27 1.38 1.95

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

For the Building Materials subindustry, Maple Leaf Cement Factory'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.


Maple Leaf Cement Factory Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


KAR:MLCF
81GF Score
Maple Leaf Cement Factory Ltd KAR:MLCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maple Leaf Cement Factory 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.

Maple Leaf Cement Factory's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=95.40/54.81
=1.74

* 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.

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

For example, Maple Leaf Cement Factory'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)
=79.234/333.9520*333.9520
=79.234

Current CPI (Jun. 2026) = 333.9520.

Maple Leaf Cement Factory Quarterly Data

Book Value per Share CPI Adj_Book
201609 34.995 241.428 48.406
201612 35.129 241.432 48.591
201703 35.579 243.801 48.735
201706 36.839 244.955 50.223
201709 39.687 246.819 53.697
201712 41.692 246.524 56.478
201803 42.023 249.554 56.235
201806 43.990 251.989 58.298
201809 44.890 252.439 59.385
201812 43.003 251.233 57.162
201903 45.852 254.202 60.237
201906 46.272 256.143 60.328
201909 44.783 256.759 58.247
201912 61.144 256.974 79.460
202003 32.121 258.115 41.558
202006 31.456 257.797 40.748
202009 31.963 260.280 41.010
202012 32.924 260.474 42.212
202103 34.038 264.877 42.914
202106 34.909 271.696 42.908
202109 35.668 274.310 43.423
202112 37.426 278.802 44.829
202203 38.849 287.504 45.125
202206 38.500 296.311 43.391
202209 40.519 296.808 45.590
202212 43.254 296.797 48.669
202303 45.032 301.836 49.824
202306 44.645 305.109 48.865
202309 46.118 307.789 50.038
202312 47.892 306.746 52.140
202403 46.561 312.332 49.784
202406 54.999 314.175 58.461
202409 56.905 315.301 60.271
202412 60.950 315.605 64.493
202503 63.525 319.799 66.336
202506 67.738 322.561 70.130
202509 71.733 324.800 73.754
202512 76.425 324.054 78.759
202603 71.641 330.213 72.452
202606 79.234 333.952 79.234

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 1.74 mean?
Maple Leaf Cement Factory (KAR:MLCF) has a Cyclically Adjusted PB Ratio of 1.74 as of Sep. 12, 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 Maple Leaf Cement Factory and its competitors. This is 96% above median its historical median of 0.89. Over the past decade, Maple Leaf Cement Factory's Cyclically Adjusted PB Ratio has ranged from 0.47 to 2.42. According to the industry distribution chart, Maple Leaf Cement Factory ranks #200 out of 284 companies in the Building Materials industry, placing it in the top 70.4%.
Is Maple Leaf Cement Factory's Cyclically Adjusted PB Ratio too high?
Maple Leaf Cement Factory's current Cyclically Adjusted PB Ratio of 1.74 is 96% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 2.42. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. Maple Leaf Cement Factory's value of 1.74 is 77.6% above this industry median. Based on the distribution chart, Maple Leaf Cement Factory ranks #200 out of 284 companies in the Building Materials industry, which is below the industry midpoint. Overall, Maple Leaf Cement Factory has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Cement Factory's Cyclically Adjusted PB Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Maple Leaf Cement Factory ranks #200 out of 284 companies for Cyclically Adjusted PB Ratio. This places Maple Leaf Cement Factory in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Maple Leaf Cement Factory's value of 1.74 is 77.6% above this benchmark. Historically, Maple Leaf Cement Factory's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 2.42 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.98, Maple Leaf Cement Factory 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 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. Maple Leaf Cement Factory's current Cyclically Adjusted PB Ratio of 1.74 is 77.6% 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 Maple Leaf Cement Factory 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. Maple Leaf Cement Factory's current Cyclically Adjusted PB Ratio is 1.74, which is 96% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Cement Factory stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Cement Factory (KAR:MLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨64.94, compared to a current price of ₨95.40 — trading 46.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.74, which is 96% above median its 10-year median of 0.89 and 77.6% above the Building Materials industry median of 0.98. Maple Leaf Cement Factory's overall GF Score™ is 81/100 with 3 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 Maple Leaf Cement Factory (KAR:MLCF), the current Cyclically Adjusted PB Ratio is 1.74 as of Sep. 12, 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 Maple Leaf Cement Factory (KAR:MLCF) Overvalued in 2026?

Based on GuruFocus' analysis, Maple Leaf Cement Factory stock appears to be overvalued. The current stock price of ₨95.40 is trading 46.9% above its estimated GF Value™ of ₨64.94. GuruFocus considers Maple Leaf Cement Factory to be Significantly Overvalued.

Key valuation signals for KAR:MLCF:

  • Cyclically Adjusted PB Ratio: 1.74 (96% above median its 10-year median of 0.89)
  • GF Value™: ₨64.94 vs. price of ₨95.40 (46.9% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 77.6% above the Building Materials median (#200 of 284)

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


Maple Leaf Cement Factory Business Description

Address 42-Lawrence Road, Lahore, PB, PAK
Maple Leaf Cement Factory Ltd is engaged in the business of manufacturing and sale of cement. Geographically, it derives majority of its revenue from Asia and has a presence in Africa. Its product offering includes various types of cement such as sulfate resistant cement, low alkali cement, white cement, wall coat cement, and ordinary Portland cement.
81GF Score

Get the complete analysis for KAR:MLCF

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

₨95.40
Price
₨64.94
GF Value