Qassim Cement Co (SAU:3040) Cyclically Adjusted PB Ratio: 1.86 (As of Aug. 19, 2026) — 23% Below Median

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SAU:3040 Qassim Cement Co SAU:3040
88 GF Score
Price ﷼44.44
GF Value ﷼63.07
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Qassim Cement Co Cyclically Adjusted PB Ratio?

Qassim Cement Co SAU:3040 +0.41% 88 Cyclically Adjusted PB Ratio is 1.86 as of Aug. 19, 2026, which is 23% below its 10-year median of 2.42. GuruFocus rates SAU:3040 with a GF Score™ of 88/100 and a GF Value™ of ﷼63.07 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 303 Building Materials companies, Qassim Cement Co ranks worse than 69.97% on this metric.

As of today (2026-08-19), Qassim Cement Co's current share price is ﷼44.44. Qassim Cement Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼23.95. Qassim Cement Co's Cyclically Adjusted PB Ratio for today is 1.86.

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

SAU:3040' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.76   Med: 2.42   Max: 3.53
Current: 1.84

During the past years, Qassim Cement Co's highest Cyclically Adjusted PB Ratio was 3.53. The lowest was 1.76. And the median was 2.42.

SAU:3040's Cyclically Adjusted PB Ratio is ranked worse than
69.97% of 303 companies
in the Building Materials industry
Industry Median: 0.97 vs SAU:3040: 1.84

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.

Qassim Cement Co's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼23.712. 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 ﷼23.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qassim Cement Co  (SAU:3040) 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.


Qassim Cement Co Cyclically Adjusted PB Ratio Related Terms


Qassim Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Qassim 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.

Qassim Cement Co Cyclically Adjusted PB Ratio Chart

Qassim 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 0.00 2.65 2.81 2.31 1.81

Qassim 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 2.19 1.84 1.81 1.86 1.87

SAU:3040 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Qassim 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.


Qassim Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

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


SAU:3040
88GF Score
Qassim Cement Co SAU:3040
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qassim 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.

Qassim Cement Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.44/23.95
=1.86

* 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.

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

For example, Qassim 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)
=23.712/333.9520*333.9520
=23.712

Current CPI (Jun. 2026) = 333.9520.

Qassim Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.976 241.428 27.632
201612 19.679 241.432 27.220
201703 20.683 243.801 28.331
201706 19.316 244.955 26.334
201709 19.230 246.819 26.019
201712 19.380 246.524 26.253
201803 19.215 249.554 25.713
201806 18.770 251.989 24.875
201809 18.483 252.439 24.451
201812 18.194 251.233 24.184
201903 18.816 254.202 24.719
201906 18.999 256.143 24.770
201909 19.251 256.759 25.039
201912 19.824 256.974 25.762
202003 19.959 258.115 25.823
202006 19.909 257.797 25.790
202009 7.140 260.280 9.161
202012 20.101 260.474 25.771
202103 20.022 264.877 25.243
202106 20.035 271.696 24.626
202109 19.706 274.310 23.991
202112 19.246 278.802 23.053
202203 18.963 287.504 22.027
202206 18.785 296.311 21.171
202209 18.545 296.808 20.866
202212 18.498 296.797 20.814
202303 18.508 301.836 20.477
202306 18.281 305.109 20.009
202309 17.721 307.789 19.227
202312 17.548 306.746 19.104
202403 17.722 312.332 18.949
202406 25.719 314.175 27.338
202409 25.070 315.301 26.553
202412 25.046 315.605 26.502
202503 25.239 319.799 26.356
202506 24.819 322.561 25.695
202509 24.397 324.800 25.084
202512 24.214 324.054 24.954
202603 24.040 330.213 24.312
202606 23.712 333.952 23.712

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 1.86 mean?
Qassim Cement Co (SAU:3040) has a Cyclically Adjusted PB Ratio of 1.86 as of Aug. 19, 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 Qassim Cement Co and its competitors. This is 23% below median its historical median of 2.42. Over the past decade, Qassim Cement Co's Cyclically Adjusted PB Ratio has ranged from 1.76 to 3.53. According to the industry distribution chart, Qassim Cement Co ranks #212 out of 303 companies in the Building Materials industry, placing it in the top 70%.
Is Qassim Cement Co's Cyclically Adjusted PB Ratio too high?
Qassim Cement Co's current Cyclically Adjusted PB Ratio of 1.86 is 23% below median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 3.53. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.97. Qassim Cement Co's value of 1.86 is 91.8% above this industry median. Based on the distribution chart, Qassim Cement Co ranks #212 out of 303 companies in the Building Materials industry, which is below the industry midpoint. Overall, Qassim Cement Co has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qassim Cement Co's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Qassim Cement Co ranks #212 out of 303 companies for Cyclically Adjusted PB Ratio. This places Qassim Cement Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Qassim Cement Co's value of 1.86 is 91.8% above this benchmark. Historically, Qassim Cement Co's own Cyclically Adjusted PB Ratio has ranged from 1.76 to 3.53 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 0.97, Qassim Cement Co 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 0.97, based on 303 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. Qassim Cement Co's current Cyclically Adjusted PB Ratio of 1.86 is 91.8% 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 Qassim Cement Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qassim Cement Co's current Cyclically Adjusted PB Ratio is 1.86, which is 23% below median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qassim Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Qassim Cement Co (SAU:3040) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼63.07, compared to a current price of ﷼44.44 — trading 29.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.86, which is 23% below median its 10-year median of 2.42 and 91.8% above the Building Materials industry median of 0.97. Qassim Cement Co's overall GF Score™ is 88/100 with 6 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 Qassim Cement Co (SAU:3040), the current Cyclically Adjusted PB Ratio is 1.86 as of Aug. 19, 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 Qassim Cement Co (SAU:3040) Overvalued in 2026?

Based on GuruFocus' analysis, Qassim Cement Co stock appears to be undervalued. The current stock price of ﷼44.44 is trading 29.5% below its estimated GF Value™ of ﷼63.07. GuruFocus considers Qassim Cement Co to be Significantly Undervalued.

Key valuation signals for SAU:3040:

  • Cyclically Adjusted PB Ratio: 1.86 (23% below median its 10-year median of 2.42)
  • GF Value™: ﷼63.07 vs. price of ﷼44.44 (29.5% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 91.8% above the Building Materials median (#212 of 303)

No single metric tells the full story. See the SAU:3040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qassim Cement Co Business Description

Address Tarafiyyah Road, Unit No. 1, P.O. Box 4266, Building No. 4266, Buraydah, SAU, 52271-6735
Qassim Cement Co is engaged in manufacturing and producing cement, its derivatives and supplements, the trade of these products, and carrying out all works directly and indirectly related to this purpose. It makes Ordinary Portland Cement, Portland Pozzolana Cement, Sulphate Resistant Cement, and Finishing Cement, among others. Geographically, the company mainly operates in the Kingdom of Saudi Arabia.
88GF Score

Get the complete analysis for SAU:3040

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

﷼44.44
Price
﷼63.07
GF Value