Eagle Materials (MEX:EXP) Cyclically Adjusted PB Ratio: 4.21 (As of Sep. 22, 2026) — 26% Below 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:EXP Eagle Materials Inc MEX:EXP
93 GF Score
Price MXN3,140.00
GF Value MXN5,145.44
! 3 Warning Signs
View Full Analysis

What is Eagle Materials Cyclically Adjusted PB Ratio?

Eagle Materials MEX:EXP 93 Cyclically Adjusted PB Ratio is 4.21 as of Sep. 22, 2026, which is 26% below its 10-year median of 5.71. GuruFocus rates MEX:EXP with a GF Score™ of 93/100 and a GF Value™ of MXN5,145.44. The stock has 3 warning signs investors should review. Among 284 Building Materials companies, Eagle Materials ranks worse than 91.55% on this metric.

As of today (2026-09-22), Eagle Materials's current share price is MXN3140.00. Eagle Materials's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN746.17. Eagle Materials's Cyclically Adjusted PB Ratio for today is 4.21.

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

MEX:EXP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.23   Med: 5.71   Max: 9.37
Current: 4.77

During the past years, Eagle Materials's highest Cyclically Adjusted PB Ratio was 9.37. The lowest was 2.23. And the median was 5.71.

MEX:EXP's Cyclically Adjusted PB Ratio is ranked worse than
91.55% of 284 companies
in the Building Materials industry
Industry Median: 0.945 vs MEX:EXP: 4.77

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.

Eagle Materials's adjusted book value per share data for the three months ended in Jun. 2026 was MXN843.459. 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 MXN746.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eagle Materials  (MEX:EXP) 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.


Eagle Materials Cyclically Adjusted PB Ratio Related Terms


Eagle Materials Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eagle Materials'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.

Eagle Materials Cyclically Adjusted PB Ratio Chart

Eagle Materials Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.05 7.96 5.48

Eagle Materials 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 7.79 6.31 5.68 5.46 5.35

MEX:EXP vs KNF, USLM, TTAM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Eagle Materials'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.


Eagle Materials Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


MEX:EXP
93GF Score
Eagle Materials Inc MEX:EXP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eagle Materials 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.

Eagle Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3140.00/746.171
=4.21

* 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.

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

For example, Eagle Materials'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)
=843.459/333.9520*333.9520
=843.459

Current CPI (Jun. 2026) = 333.9520.

Eagle Materials Quarterly Data

Book Value per Share CPI Adj_Book
201609 440.951 241.428 609.939
201612 495.180 241.432 684.940
201703 467.790 243.801 640.766
201706 467.924 244.955 637.930
201709 490.234 246.819 663.298
201712 569.375 246.524 771.300
201803 535.963 249.554 717.223
201806 587.256 251.989 778.269
201809 567.683 252.439 750.989
201812 604.944 251.233 804.123
201903 520.000 254.202 683.138
201906 472.307 256.143 615.781
201909 479.420 256.759 623.555
201912 406.905 256.974 528.796
202003 545.148 258.115 705.318
202006 590.979 257.797 765.558
202009 616.620 260.280 791.154
202012 599.192 260.474 768.220
202103 656.244 264.877 827.380
202106 657.982 271.696 808.751
202109 656.451 274.310 799.180
202112 629.012 278.802 753.437
202203 583.953 287.504 678.294
202206 598.319 296.311 674.325
202209 627.509 296.808 706.039
202212 626.690 296.797 705.143
202303 598.542 301.836 662.228
202306 599.198 305.109 655.842
202309 648.191 307.789 703.289
202312 654.874 306.746 712.956
202403 637.013 312.332 681.108
202406 731.593 314.175 777.646
202409 836.729 315.301 886.224
202412 931.649 315.605 985.808
202503 872.820 319.799 911.447
202506 864.966 322.561 895.512
202509 875.032 324.800 899.688
202512 851.045 324.054 877.040
202603 852.086 330.213 861.734
202606 843.459 333.952 843.459

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 4.21 mean?
Eagle Materials (MEX:EXP) has a Cyclically Adjusted PB Ratio of 4.21 as of Sep. 22, 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 Eagle Materials and its competitors. This is 26% below median its historical median of 5.71. Over the past decade, Eagle Materials' Cyclically Adjusted PB Ratio has ranged from 2.23 to 9.37. According to the industry distribution chart, Eagle Materials ranks #260 out of 284 companies in the Building Materials industry, placing it in the top 91.5%.
Is Eagle Materials' Cyclically Adjusted PB Ratio too high?
Eagle Materials' current Cyclically Adjusted PB Ratio of 4.21 is 26% below median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 9.37. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.95. Eagle Materials' value of 4.21 is 345.5% above this industry median. Based on the distribution chart, Eagle Materials ranks #260 out of 284 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Eagle Materials has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Eagle Materials' Cyclically Adjusted PB Ratio compare to KNF and USLM?
According to the Building Materials industry distribution chart, Eagle Materials ranks #260 out of 284 companies for Cyclically Adjusted PB Ratio. This places Eagle Materials in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. Eagle Materials' value of 4.21 is 345.5% above this benchmark. Historically, Eagle Materials' own Cyclically Adjusted PB Ratio has ranged from 2.23 to 9.37 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 0.95, Eagle Materials 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 0.95, 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. Eagle Materials's current Cyclically Adjusted PB Ratio of 4.21 is 345.5% 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 Eagle Materials and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eagle Materials's current Cyclically Adjusted PB Ratio is 4.21, which is 26% below median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eagle Materials stock overvalued right now?
Eagle Materials (MEX:EXP) has a current Cyclically Adjusted PB Ratio of 4.21. The stock's GF Value™ is MXN5,145.44, compared to a current price of MXN3,140.00 — trading 39% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.21, which is 26% below median its 10-year median of 5.71 and 345.5% above the Building Materials industry median of 0.95. Eagle Materials' overall GF Score™ is 93/100 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 Eagle Materials (MEX:EXP), the current Cyclically Adjusted PB Ratio is 4.21 as of Sep. 22, 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 Eagle Materials (MEX:EXP) Overvalued in 2026?

Based on GuruFocus' analysis, Eagle Materials stock appears to be undervalued. The current stock price of MXN3,140.00 is trading 39% below its estimated GF Value™ of MXN5,145.44.

Key valuation signals for MEX:EXP:

  • Cyclically Adjusted PB Ratio: 4.21 (26% below median its 10-year median of 5.71)
  • GF Value™: MXN5,145.44 vs. price of MXN3,140.00 (39% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 345.5% above the Building Materials median (#260 of 284)

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


Eagle Materials Business Description

Address 5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225
Eagle Materials Inc. is a US-based manufacturer of heavy construction products and light building materials. It operates through two reporting segments: Heavy Materials, comprising Cement, Concrete and Aggregates, and Light Materials, comprising Gypsum Wallboard and Recycled Paperboard. Its cement, concrete, aggregates, and wallboard products are used in infrastructure such as roads and highways, and in residential, commercial, and industrial construction. Gypsum wallboard serves mainly residential construction, while recycled paperboard is used largely in wallboard production. The company sells primarily to construction contractors, builders, distributors, and concrete producers, with operations concentrated in the United States, including Texas, the Midwest, and other regional markets. Revenue is generated through the sale of cement, aggregates, concrete, wallboard, and paperboard, supported by limestone reserves and gypsum supplies. Eagle Materials also operates a joint venture interest in a gypsum wallboard business serving markets outside the United States.
93GF Score

Get the complete analysis for MEX:EXP

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

MXN3,140.00
Price
MXN5,145.44
GF Value