Cementir Holding NV (STU:3PC) Cyclically Adjusted PB Ratio: 1.58 (As of Aug. 14, 2026) — 50% Above Median

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STU:3PC Cementir Holding NV STU:3PC
82 GF Score
Price €14.84
GF Value €12.30
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Cementir Holding NV Cyclically Adjusted PB Ratio?

Cementir Holding NV STU:3PC -0.13% 82 Cyclically Adjusted PB Ratio is 1.58 as of Aug. 14, 2026, which is 50% above its 10-year median of 1.05. GuruFocus rates STU:3PC with a GF Score™ of 82/100 and a GF Value™ of €12.30 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 308 Building Materials companies, Cementir Holding NV ranks worse than 66.88% on this metric.

As of today (2026-08-14), Cementir Holding NV's current share price is €14.84. Cementir Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €9.41. Cementir Holding NV's Cyclically Adjusted PB Ratio for today is 1.58.

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

STU:3PC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.05   Max: 2.22
Current: 1.58

During the past years, Cementir Holding NV's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.69. And the median was 1.05.

STU:3PC's Cyclically Adjusted PB Ratio is ranked worse than
66.88% of 308 companies
in the Building Materials industry
Industry Median: 0.99 vs STU:3PC: 1.58

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.

Cementir Holding NV's adjusted book value per share data for the three months ended in Jun. 2026 was €12.378. 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 €9.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cementir Holding NV  (STU:3PC) 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.


Cementir Holding NV Cyclically Adjusted PB Ratio Related Terms


Cementir Holding NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cementir Holding NV'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.

Cementir Holding NV Cyclically Adjusted PB Ratio Chart

Cementir Holding NV 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 1.18 0.78 1.18 1.22 2.06

Cementir Holding NV 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 1.67 0.00 2.06 0.00 1.54

STU:3PC vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Cementir Holding NV'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.


Cementir Holding NV Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where Cementir Holding NV's Cyclically Adjusted PB Ratio falls into.


STU:3PC
82GF Score
Cementir Holding NV STU:3PC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cementir Holding NV 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.

Cementir Holding NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.84/9.41
=1.58

* 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.

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

For example, Cementir Holding NV'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)
=12.378/137.7700*137.7700
=12.378

Current CPI (Jun. 2026) = 137.7700.

Cementir Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 100.570 0.000
201612 6.239 100.710 8.535
201703 0.000 101.440 0.000
201706 5.963 101.370 8.104
201709 0.000 102.030 0.000
201712 6.009 101.970 8.119
201803 0.000 102.470 0.000
201806 6.141 103.100 8.206
201809 0.000 103.950 0.000
201812 6.267 103.970 8.304
201903 0.000 105.370 0.000
201906 6.216 105.840 8.091
201909 0.000 106.700 0.000
201912 6.565 106.800 8.469
202003 0.000 106.850 0.000
202006 6.366 107.510 8.158
202009 0.000 107.880 0.000
202012 6.670 107.850 8.520
202103 0.000 108.870 0.000
202106 6.784 109.670 8.522
202109 0.000 110.790 0.000
202112 6.997 114.010 8.455
202203 0.000 119.460 0.000
202206 8.451 119.050 9.780
202209 0.000 126.890 0.000
202212 8.797 124.940 9.700
202303 0.000 124.720 0.000
202306 8.636 125.830 9.455
202309 0.000 127.160 0.000
202312 9.665 126.450 10.530
202403 0.000 128.580 0.000
202406 10.219 129.910 10.837
202409 0.000 131.610 0.000
202412 11.041 131.630 11.556
202503 0.000 133.330 0.000
202506 10.821 133.960 11.129
202509 0.000 135.920 0.000
202512 11.915 135.270 12.135
202603 0.000 136.910 0.000
202606 12.378 137.770 12.378

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 1.58 mean?
Cementir Holding NV (STU:3PC) has a Cyclically Adjusted PB Ratio of 1.58 as of Aug. 14, 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 Cementir Holding NV and its competitors. This is 50% above median its historical median of 1.05. Over the past decade, Cementir Holding NV's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.22. According to the industry distribution chart, Cementir Holding NV ranks #206 out of 308 companies in the Building Materials industry, placing it in the top 66.9%.
Is Cementir Holding NV's Cyclically Adjusted PB Ratio too high?
Cementir Holding NV's current Cyclically Adjusted PB Ratio of 1.58 is 50% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.22. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.99. Cementir Holding NV's value of 1.58 is 59.6% above this industry median. Based on the distribution chart, Cementir Holding NV ranks #206 out of 308 companies in the Building Materials industry, which is below the industry midpoint. Overall, Cementir Holding NV has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cementir Holding NV's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Cementir Holding NV ranks #206 out of 308 companies for Cyclically Adjusted PB Ratio. This places Cementir Holding NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Cementir Holding NV's value of 1.58 is 59.6% above this benchmark. Historically, Cementir Holding NV's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.22 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.99, Cementir Holding NV 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 0.99, based on 308 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. Cementir Holding NV's current Cyclically Adjusted PB Ratio of 1.58 is 59.6% 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 Cementir Holding NV and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cementir Holding NV's current Cyclically Adjusted PB Ratio is 1.58, which is 50% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cementir Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Cementir Holding NV (STU:3PC) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.30, compared to a current price of €14.84 — trading 20.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.58, which is 50% above median its 10-year median of 1.05 and 59.6% above the Building Materials industry median of 0.99. Cementir Holding NV's overall GF Score™ is 82/100 with 2 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 Cementir Holding NV (STU:3PC), the current Cyclically Adjusted PB Ratio is 1.58 as of Aug. 14, 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 Cementir Holding NV (STU:3PC) Overvalued in 2026?

Based on GuruFocus' analysis, Cementir Holding NV stock appears to be overvalued. The current stock price of €14.84 is trading 20.7% above its estimated GF Value™ of €12.30. GuruFocus considers Cementir Holding NV to be Modestly Overvalued.

Key valuation signals for STU:3PC:

  • Cyclically Adjusted PB Ratio: 1.58 (50% above median its 10-year median of 1.05)
  • GF Value™: €12.30 vs. price of €14.84 (20.7% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 59.6% above the Building Materials median (#206 of 308)

No single metric tells the full story. See the STU:3PC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cementir Holding NV Business Description

Other Exchanges CEM:ItalyCEMm:UK0HY2:UK
Address Zuidplein 36, Amsterdam, NH, NLD, 1077 XV
Cementir Holding NV is a multinational company. The company creates a niche white cement segment, the cement producer in Denmark and ready-mixed concrete producer in the Scandinavian region, the third in Belgium, and among the international players in Turkiye. In Belgium, the Group operates one of the aggregate quarries in Europe, while in Turkiye, it operates in the treatment of industrial waste to produce fuel for its cement plants. It has segments as Cement, Ready-mixed concrete, Aggregates, Wastes, and Others, with the majority from Cement. Geographically, it gains revenue from the Nordic & Baltic regions.
82GF Score

Get the complete analysis for STU:3PC

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

€14.84
Price
€12.30
GF Value