Holcim (Argentina) (BUE:HARG) Cyclically Adjusted PS Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BUE:HARG Holcim (Argentina) SA BUE:HARG
80 GF Score
Price ARS1,495.00
GF Value ARS1,677.85
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Holcim (Argentina) Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Holcim (Argentina)  (BUE:HARG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Holcim (Argentina) Cyclically Adjusted PS Ratio Related Terms


Holcim (Argentina) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Holcim (Argentina)'s Cyclically Adjusted PS 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.

Holcim (Argentina) Cyclically Adjusted PS Ratio Chart

Holcim (Argentina) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 2.21 3.31 5.02 4.50

Holcim (Argentina) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 2.90 2.02 4.50 2.63 0.00

BUE:HARG vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Holcim (Argentina)'s Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Holcim (Argentina) Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim (Argentina)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Holcim (Argentina)'s Cyclically Adjusted PS Ratio falls into.


BUE:HARG
80GF Score
Holcim (Argentina) SA BUE:HARG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holcim (Argentina) Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Holcim (Argentina)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Holcim (Argentina)'s adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=375.92/333.9520*333.9520
=375.920

Current CPI (Jun. 2026) = 333.9520.

Holcim (Argentina) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.204 241.428 5.815
201612 4.262 241.432 5.895
201703 4.194 243.801 5.745
201706 4.760 244.955 6.489
201709 5.951 246.819 8.052
201712 19.456 246.524 26.356
201803 9.947 249.554 13.311
201806 10.805 251.989 14.319
201809 13.534 252.439 17.904
201812 18.359 251.233 24.404
201903 14.422 254.202 18.947
201906 15.298 256.143 19.945
201909 17.843 256.759 23.207
201912 23.355 256.974 30.351
202003 14.470 258.115 18.721
202006 16.386 257.797 21.227
202009 27.807 260.280 35.678
202012 38.297 260.474 49.100
202103 32.250 264.877 40.660
202106 38.424 271.696 47.228
202109 54.098 274.310 65.860
202112 87.161 278.802 104.402
202203 61.690 287.504 71.656
202206 82.148 296.311 92.583
202209 126.669 296.808 142.521
202212 360.339 296.797 405.449
202303 239.033 301.836 264.467
202306 297.318 305.109 325.424
202309 379.995 307.789 412.296
202312 412.374 306.746 448.948
202403 283.544 312.332 303.171
202406 364.252 314.175 387.181
202409 378.101 315.301 400.467
202412 445.525 315.605 471.425
202503 354.891 319.799 370.597
202506 393.883 322.561 407.793
202509 341.499 324.800 351.122
202512 421.481 324.054 434.355
202603 341.765 330.213 345.635
202606 375.920 333.952 375.920

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Holcim (Argentina) (BUE:HARG) Overvalued in 2026?

Based on GuruFocus' analysis, Holcim (Argentina) stock appears to be undervalued. The current stock price of ARS1,495.00 is trading 10.9% below its estimated GF Value™ of ARS1,677.85. GuruFocus considers Holcim (Argentina) to be Modestly Undervalued.

Key valuation signals for BUE:HARG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ARS1,677.85 vs. price of ARS1,495.00 (10.9% below fair value)
  • GF Score™: 80/100 with 9 warning signs

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


Holcim (Argentina) Business Description

Address Piso 1, Avenida Alicia Moreau de Justo 140, Buenos Aires, ARG
Holcim (Argentina) SA manufactures construction and building materials. It produces and markets cement, concrete and aggregates. Some of its products are Portland cement and other related building materials. It also produces stone products.
80GF Score

Get the complete analysis for BUE:HARG

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

ARS1,495.00
Price
ARS1,677.85
GF Value