CemexB de CV (MEX:CEMEXCPO) Cyclically Adjusted PB Ratio: 1.23 (As of Jul. 31, 2026) — 52% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

MEX:CEMEXCPO Cemex SAB de CV MEX:CEMEXCPO
66 GF Score
Price MXN20.74
GF Value MXN14.11
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is CemexB de CV Cyclically Adjusted PB Ratio?

CemexB de CV MEX:CEMEXCPO +1.12% 66 Cyclically Adjusted PB Ratio is 1.23 as of Jul. 31, 2026, which is 52% above its 10-year median of 0.81. GuruFocus rates MEX:CEMEXCPO with a GF Score™ of 66/100 and a GF Value™ of MXN14.11 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 315 Building Materials companies, CemexB de CV ranks worse than 58.1% on this metric.

As of today (2026-07-31), CemexB de CV's current share price is MXN20.74. CemexB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN16.90. CemexB de CV's Cyclically Adjusted PB Ratio for today is 1.23.

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

MEX:CEMEXCPO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.81   Max: 1.34
Current: 1.23

During the past years, CemexB de CV's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.29. And the median was 0.81.

MEX:CEMEXCPO's Cyclically Adjusted PB Ratio is ranked worse than
58.1% of 315 companies
in the Building Materials industry
Industry Median: 0.98 vs MEX:CEMEXCPO: 1.23

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.

CemexB de CV's adjusted book value per share data for the three months ended in Jun. 2026 was MXN15.152. 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 MXN16.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CemexB de CV  (MEX:CEMEXCPO) 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.


CemexB de CV Cyclically Adjusted PB Ratio Related Terms


CemexB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CemexB de CV'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.

CemexB de CV Cyclically Adjusted PB Ratio Chart

CemexB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.52 0.85 0.73 1.24

CemexB de CV 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 0.79 1.00 1.24 1.21 1.24

MEX:CEMEXCPO vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, CemexB de CV'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.


CemexB de CV Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where CemexB de CV's Cyclically Adjusted PB Ratio falls into.


MEX:CEMEXCPO
66GF Score
Cemex SAB de CV MEX:CEMEXCPO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CemexB de CV 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.

CemexB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.74/16.90
=1.23

* 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.

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

For example, CemexB de CV'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)
=15.152/166.0200*166.0200
=15.152

Current CPI (Jun. 2026) = 166.0200.

CemexB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.731 103.084 18.893
201612 11.874 105.002 18.774
201703 11.587 108.063 17.801
201706 11.169 108.339 17.116
201709 11.453 109.628 17.344
201712 11.735 112.114 17.377
201803 11.405 113.505 16.682
201806 12.374 113.373 18.120
201809 12.246 115.130 17.659
201812 12.410 117.530 17.530
201903 11.834 118.050 16.643
201906 12.177 117.848 17.155
201909 12.689 118.581 17.765
201912 11.636 120.854 15.985
202003 13.634 121.885 18.571
202006 13.433 121.777 18.313
202009 11.103 123.341 14.945
202012 10.906 124.661 14.524
202103 12.053 127.574 15.685
202106 13.501 128.936 17.384
202109 13.317 130.742 16.910
202112 13.687 133.830 16.979
202203 0.000 137.082 0.000
202206 14.035 139.233 16.735
202209 14.572 142.116 17.023
202212 13.900 144.291 15.993
202303 12.358 146.472 14.007
202306 14.370 146.272 16.310
202309 14.629 148.446 16.361
202312 13.780 151.017 15.149
202403 13.456 152.947 14.606
202406 14.879 153.551 16.087
202409 16.420 155.246 17.560
202412 17.503 157.378 18.464
202503 18.423 158.761 19.265
202506 17.340 160.180 17.972
202509 17.200 161.030 17.733
202512 16.543 163.190 16.830
202603 16.417 166.040 16.415
202606 15.152 166.020 15.152

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 1.23 mean?
CemexB de CV (MEX:CEMEXCPO) has a Cyclically Adjusted PB Ratio of 1.23 as of Jul. 31, 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 CemexB de CV and its competitors. This is 52% above median its historical median of 0.81. Over the past decade, CemexB de CV's Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.34. According to the industry distribution chart, CemexB de CV ranks #183 out of 315 companies in the Building Materials industry, placing it in the top 58.1%.
Is CemexB de CV's Cyclically Adjusted PB Ratio too high?
CemexB de CV's current Cyclically Adjusted PB Ratio of 1.23 is 52% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.34. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. CemexB de CV's value of 1.23 is 25.5% above this industry median. Based on the distribution chart, CemexB de CV ranks #183 out of 315 companies in the Building Materials industry, which is below the industry midpoint. Overall, CemexB de CV has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CemexB de CV's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, CemexB de CV ranks #183 out of 315 companies for Cyclically Adjusted PB Ratio. This places CemexB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. CemexB de CV's value of 1.23 is 25.5% above this benchmark. Historically, CemexB de CV's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.34 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.98, CemexB de CV 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 315 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. CemexB de CV's current Cyclically Adjusted PB Ratio of 1.23 is 25.5% 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 CemexB de CV 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. CemexB de CV's current Cyclically Adjusted PB Ratio is 1.23, which is 52% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CemexB de CV stock overvalued right now?
Based on GuruFocus' analysis, CemexB de CV (MEX:CEMEXCPO) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN14.11, compared to a current price of MXN20.74 — trading 47% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 52% above median its 10-year median of 0.81 and 25.5% above the Building Materials industry median of 0.98. CemexB de CV's overall GF Score™ is 66/100 with 8 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 CemexB de CV (MEX:CEMEXCPO), the current Cyclically Adjusted PB Ratio is 1.23 as of Jul. 31, 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 CemexB de CV (MEX:CEMEXCPO) Overvalued in 2026?

Based on GuruFocus' analysis, CemexB de CV stock appears to be overvalued. The current stock price of MXN20.74 is trading 47% above its estimated GF Value™ of MXN14.11. GuruFocus considers CemexB de CV to be Significantly Overvalued.

Key valuation signals for MEX:CEMEXCPO:

  • Cyclically Adjusted PB Ratio: 1.23 (52% above median its 10-year median of 0.81)
  • GF Value™: MXN14.11 vs. price of MXN20.74 (47% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 25.5% above the Building Materials median (#183 of 315)

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


CemexB de CV Business Description

Address Avenida Ricardo Margain Zozaya, No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region.
66GF Score

Get the complete analysis for MEX:CEMEXCPO

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

MXN20.74
Price
MXN14.11
GF Value