Najran Cement Co (SAU:3002) Cyclically Adjusted PB Ratio: (As of Aug. 25, 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.

SAU:3002 Najran Cement Co SAU:3002
63 GF Score
Price ﷼5.70
GF Value ﷼9.20
Valuation Possible Value Trap
! 6 Warning Signs
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What is Najran Cement Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Najran Cement Co  (SAU:3002) 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.


Najran Cement Co Cyclically Adjusted PB Ratio Related Terms


Najran Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Najran Cement Co'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.

Najran Cement Co Cyclically Adjusted PB Ratio Chart

Najran Cement Co 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 1.42 0.88 0.82 0.65 0.46

Najran Cement Co 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 0.58 0.57 0.46 0.45 0.00

SAU:3002 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Najran Cement Co'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.


Najran Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where Najran Cement Co's Cyclically Adjusted PB Ratio falls into.


SAU:3002
63GF Score
Najran Cement Co SAU:3002
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Najran Cement Co 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.

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

For example, Najran Cement Co'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)
=13.994/333.9520*333.9520
=13.994

Current CPI (Jun. 2026) = 333.9520.

Najran Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.067 241.428 16.692
201612 12.099 241.432 16.736
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 12.062 246.819 16.320
201712 11.935 246.524 16.168
201803 11.812 249.554 15.807
201806 11.625 251.989 15.406
201809 11.486 252.439 15.195
201812 11.374 251.233 15.119
201903 11.410 254.202 14.990
201906 11.394 256.143 14.855
201909 11.477 256.759 14.927
201912 11.668 256.974 15.163
202003 11.904 258.115 15.402
202006 12.098 257.797 15.672
202009 12.377 260.280 15.880
202012 12.094 260.474 15.506
202103 11.699 264.877 14.750
202106 11.893 271.696 14.618
202109 11.356 274.310 13.825
202112 11.466 278.802 13.734
202203 11.451 287.504 13.301
202206 11.529 296.311 12.994
202209 11.693 296.808 13.156
202212 11.543 296.797 12.988
202303 11.896 301.836 13.162
202306 11.689 305.109 12.794
202309 11.755 307.789 12.754
202312 11.612 306.746 12.642
202403 11.902 312.332 12.726
202406 11.946 314.175 12.698
202409 12.051 315.301 12.764
202412 12.014 315.605 12.712
202503 12.129 319.799 12.666
202506 12.236 322.561 12.668
202509 12.280 324.800 12.626
202512 12.351 324.054 12.728
202603 12.388 330.213 12.528
202606 13.994 333.952 13.994

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 Najran Cement Co (SAU:3002) Overvalued in 2026?

Based on GuruFocus' analysis, Najran Cement Co stock appears to be undervalued. The current stock price of ﷼5.70 is trading 38% below its estimated GF Value™ of ﷼9.20. GuruFocus considers Najran Cement Co to be Possible Value Trap.

Key valuation signals for SAU:3002:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ﷼9.20 vs. price of ﷼5.70 (38% below fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the SAU:3002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Najran Cement Co Business Description

Address 9204 King Saud Road, PO Box 1006, Najran, SAU, 66256
Najran Cement Co is a Saudi Arabia-based company engaged in the business of manufacturing ordinary portland cement and cement resistant to salts. Its product portfolio comprises ordinary portland cement, portland sulphate resistant cement, portland pozzolanic cement, Lyasah, and Lyasah plus cement. Additionally, the company offers an integrated electronic service for selling and delivering cement to its business customers (companies and institutions) through the Wasel App. It is engaged in one operating segment, i.e., manufacturing cement. Geographically, Najran Cement generates the majority of its revenue from the local market, and to a lesser extent, also exports its products to other countries.
63GF Score

Get the complete analysis for SAU:3002

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

﷼5.70
Price
﷼9.20
GF Value