Ambuja Cements (LUX:AMCEM) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

LUX:AMCEM Ambuja Cements Ltd LUX:AMCEM
94 GF Score
Price $4.20
GF Value $6.83
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Ambuja Cements Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambuja Cements  (LUX:AMCEM) 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.


Ambuja Cements Cyclically Adjusted PB Ratio Related Terms


Ambuja Cements Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ambuja Cements'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.

Ambuja Cements Cyclically Adjusted PB Ratio Chart

Ambuja Cements Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 4.40 3.42 2.29

Ambuja Cements Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.00 3.34 0.00 2.29 0.00

LUX:AMCEM vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Ambuja Cements'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.


Ambuja Cements Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


LUX:AMCEM
94GF Score
Ambuja Cements Ltd LUX:AMCEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambuja Cements 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.

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

For example, Ambuja Cements'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Ambuja Cements Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 1.472 105.196 2.325
201703 0.000 105.196 0.000
201706 1.596 107.109 2.476
201709 0.000 109.021 0.000
201712 1.621 109.404 2.462
201803 0.000 109.786 0.000
201806 1.569 111.317 2.342
201809 0.000 115.142 0.000
201812 1.591 115.142 2.296
201903 0.000 118.202 0.000
201906 1.677 120.880 2.305
201909 0.000 123.175 0.000
201912 1.704 126.235 2.243
202003 0.000 124.705 0.000
202006 1.648 127.000 2.156
202009 0.000 130.118 0.000
202012 1.557 130.889 1.976
202103 0.000 131.771 0.000
202106 1.670 134.084 2.069
202109 0.000 135.847 0.000
202112 1.694 138.161 2.037
202203 0.000 138.822 0.000
202206 1.646 142.347 1.921
202209 0.000 144.661 0.000
202212 1.896 145.763 2.161
202306 0.000 150.280 0.000
202309 1.995 151.492 2.188
202312 0.000 152.924 0.000
202403 2.272 153.035 2.467
202406 0.000 155.789 0.000
202409 2.441 157.882 2.569
202412 0.000 158.323 0.000
202503 2.514 157.552 2.651
202506 0.000 159.755 0.000
202509 2.576 162.289 2.637
202512 0.000 163.281 0.000
202603 2.587 164.272 2.616
202606 0.000 166.145 0.000

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 Ambuja Cements (LUX:AMCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Ambuja Cements stock appears to be undervalued. The current stock price of $4.20 is trading 38.5% below its estimated GF Value™ of $6.83. GuruFocus considers Ambuja Cements to be Significantly Undervalued.

Key valuation signals for LUX:AMCEM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $6.83 vs. price of $4.20 (38.5% below fair value)
  • GF Score™: 94/100 with 5 warning signs

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


Ambuja Cements Business Description

Other Exchanges AMBUJACEM:India500425:India
Address Shantigram, S.G. Highway, Adani Corporate House, Near Vaishno Devi Circle, Khodiyar, Ahemdabad, GJ, IND, 382421
Ambuja Cements Ltd is engaged in the manufacture and sale of cement, intermediary products, and cement-related products. The Company operates multiple cement manufacturing plants located at various locations and markets cement and cement-related products. Its product portfolio includes Ambuja Kawach, Ambuja Plus, Ambuja Compocem, Ambuja Cement, Ambuja Cool Walls, Purasand for Concrete & Plaster, and others. The Company generates revenue from within India.
94GF Score

Get the complete analysis for LUX:AMCEM

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

$4.20
Price
$6.83
GF Value