Industrias ChB de CV (MEX:ICHB) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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MEX:ICHB Industrias Ch SAB de CV MEX:ICHB
69 GF Score
Price MXN177.90
GF Value MXN167.13
Valuation Fairly Valued
! 4 Warning Signs
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What is Industrias ChB de CV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrias ChB de CV  (MEX:ICHB) 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.


Industrias ChB de CV Cyclically Adjusted PB Ratio Related Terms


Industrias ChB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Industrias ChB 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.

Industrias ChB de CV Cyclically Adjusted PB Ratio Chart

Industrias ChB 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 2.13 2.29 1.86 1.56 1.52

Industrias ChB 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 1.50 1.47 1.52 1.47 0.00

MEX:ICHB vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Industrias ChB 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.


Industrias ChB de CV Cyclically Adjusted PB Ratio vs Steel Industry

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

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


MEX:ICHB
69GF Score
Industrias Ch SAB de CV MEX:ICHB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrias ChB 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.

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

For example, Industrias ChB 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)
=182.56/166.0200*166.0200
=182.560

Current CPI (Jun. 2026) = 166.0200.

Industrias ChB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.775 103.084 112.375
201612 76.709 105.002 121.286
201703 77.663 108.063 119.315
201706 75.368 108.339 115.495
201709 77.307 109.628 117.074
201712 77.907 112.114 115.366
201803 80.326 113.505 117.490
201806 80.418 113.373 117.762
201809 80.925 115.130 116.695
201812 80.581 117.530 113.827
201903 80.237 118.050 112.842
201906 81.181 117.848 114.365
201909 82.037 118.581 114.856
201912 74.977 120.854 102.998
202003 79.241 121.885 107.934
202006 78.256 121.777 106.687
202009 79.351 123.341 106.808
202012 76.626 124.661 102.048
202103 81.398 127.574 105.929
202106 86.506 128.936 111.387
202109 93.454 130.742 118.671
202112 94.631 133.830 117.393
202203 99.896 137.082 120.984
202206 107.830 139.233 128.575
202209 108.314 142.116 126.533
202212 108.242 144.291 124.542
202303 109.738 146.472 124.384
202306 110.128 146.272 124.996
202309 113.712 148.446 127.174
202312 111.992 151.017 123.118
202403 115.153 152.947 124.996
202406 123.233 153.551 133.240
202409 129.011 155.246 137.964
202412 131.304 157.378 138.514
202503 136.334 158.761 142.568
202506 139.580 160.180 144.669
202509 139.928 161.030 144.264
202512 137.990 163.190 140.383
202603 143.523 166.040 143.506
202606 182.560 166.020 182.560

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 Industrias ChB de CV (MEX:ICHB) Overvalued in 2026?

Based on GuruFocus' analysis, Industrias ChB de CV stock appears to be overvalued. The current stock price of MXN177.90 is trading 6.4% above its estimated GF Value™ of MXN167.13. GuruFocus considers Industrias ChB de CV to be Fairly Valued.

Key valuation signals for MEX:ICHB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN167.13 vs. price of MXN177.90 (6.4% above fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Industrias ChB de CV Business Description

Other Exchanges AKQ:Germany
Address Agustin Melgar 23, Fracc Industrial Ninos Heroes, Tlalnepantla, MEX, 54030
Industrias Ch SAB de CV is a Mexican company. It acts as a producer of special steels in Mexico and the United States. The company's products include Billet, pipes, cylindrical and corrugated steel rods, structural profiles, commercial profiles, barbed wires, and wire rods and rod derivatives.
69GF Score

Get the complete analysis for MEX:ICHB

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

MXN177.90
Price
MXN167.13
GF Value