Ciments du Maroc (CAS:CMA) Cyclically Adjusted PS Ratio: 4.75 (As of Jul. 13, 2026) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

CAS:CMA Ciments du Maroc SA CAS:CMA
73 GF Score
Price MAD1,622.00
GF Value MAD2,557.94
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Ciments du Maroc Cyclically Adjusted PS Ratio?

Ciments du Maroc CAS:CMA +0.12% 73 Cyclically Adjusted PS Ratio is 4.75 as of Jul. 13, 2026, which is 14% below its 10-year median of 5.50. GuruFocus rates CAS:CMA with a GF Score™ of 73/100 and a GF Value™ of MAD2,557.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 323 Building Materials companies, Ciments du Maroc ranks worse than 91.95% on this metric.

As of today (2026-07-13), Ciments du Maroc's current share price is MAD1622.00. Ciments du Maroc's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was MAD341.21. Ciments du Maroc's Cyclically Adjusted PS Ratio for today is 4.75.

The historical rank and industry rank for Ciments du Maroc's Cyclically Adjusted PS Ratio or its related term are showing as below:

CAS:CMA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.71   Med: 5.5   Max: 6.67
Current: 4.75

During the past 13 years, Ciments du Maroc's highest Cyclically Adjusted PS Ratio was 6.67. The lowest was 3.71. And the median was 5.50.

CAS:CMA's Cyclically Adjusted PS Ratio is ranked worse than
91.95% of 323 companies
in the Building Materials industry
Industry Median: 1.03 vs CAS:CMA: 4.75

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ciments du Maroc's adjusted revenue per share data of for the fiscal year that ended in Dec25 was MAD378.140. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MAD341.21 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ciments du Maroc  (CAS:CMA) 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.


Ciments du Maroc Cyclically Adjusted PS Ratio Related Terms


Ciments du Maroc Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ciments du Maroc'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.

Ciments du Maroc Cyclically Adjusted PS Ratio Chart

Ciments du Maroc 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 6.31 4.05 5.20 5.69 5.42

Ciments du Maroc Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.20 0.00 5.69 0.00 5.42

CAS:CMA vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Ciments du Maroc'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.


Ciments du Maroc Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ciments du Maroc's Cyclically Adjusted PS Ratio falls into.


CAS:CMA
73GF Score
Ciments du Maroc SA CAS:CMA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ciments du Maroc 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.

Ciments du Maroc's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1622.00/341.21
=4.75

* 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.

Ciments du Maroc's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Ciments du Maroc's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=378.14/324.0540*324.0540
=378.140

Current CPI (Dec25) = 324.0540.

Ciments du Maroc Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 267.804 241.432 359.451
201712 280.561 246.524 368.795
201812 278.498 251.233 359.222
201912 283.020 256.974 356.899
202012 256.412 260.474 319.000
202112 287.225 278.802 333.844
202212 281.779 296.797 307.657
202312 300.163 306.746 317.100
202412 303.863 315.605 311.998
202512 378.140 324.054 378.140

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.

What does a Cyclically Adjusted PS Ratio of 4.75 mean?
Ciments du Maroc (CAS:CMA) has a Cyclically Adjusted PS Ratio of 4.75 as of Jul. 13, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ciments du Maroc and its competitors. This is 14% below median its historical median of 5.50. Over the past decade, Ciments du Maroc's Cyclically Adjusted PS Ratio has ranged from 3.71 to 6.67. According to the industry distribution chart, Ciments du Maroc ranks #297 out of 323 companies in the Building Materials industry, placing it in the top 92%.
Is Ciments du Maroc's Cyclically Adjusted PS Ratio too high?
Ciments du Maroc's current Cyclically Adjusted PS Ratio of 4.75 is 14% below median its 10-year median of 5.50. Over the past 10 years, this metric has ranged from a low of 3.71 to a high of 6.67. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.03. Ciments du Maroc's value of 4.75 is 361.2% above this industry median. Based on the distribution chart, Ciments du Maroc ranks #297 out of 323 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ciments du Maroc ranks #297 out of 323 companies for Cyclically Adjusted PS Ratio. This places Ciments du Maroc in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Ciments du Maroc's value of 4.75 is 361.2% above this benchmark. Historically, Ciments du Maroc's own Cyclically Adjusted PS Ratio has ranged from 3.71 to 6.67 over the past decade. While the company's 10-year median is 5.50 vs. the industry median of 1.03, Ciments du Maroc 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 PS Ratio for a Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.03, based on 323 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciments du Maroc's current Cyclically Adjusted PS Ratio of 4.75 is 361.2% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ciments du Maroc and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciments du Maroc's current Cyclically Adjusted PS Ratio is 4.75, which is 14% below median its own 10-year median of 5.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,557.94, compared to a current price of MAD1,622.00 — trading 36.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.75, which is 14% below median its 10-year median of 5.50 and 361.2% above the Building Materials industry median of 1.03. Ciments du Maroc's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Ciments du Maroc (CAS:CMA), the current Cyclically Adjusted PS Ratio is 4.75 as of Jul. 13, 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?

Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued. The current stock price of MAD1,622.00 is trading 36.6% below its estimated GF Value™ of MAD2,557.94. GuruFocus considers Ciments du Maroc to be Significantly Undervalued.

Key valuation signals for CAS:CMA:

  • Cyclically Adjusted PS Ratio: 4.75 (14% below median its 10-year median of 5.50)
  • GF Value™: MAD2,557.94 vs. price of MAD1,622.00 (36.6% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 361.2% above the Building Materials median (#297 of 323)

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


Ciments du Maroc Business Description

Address 621. Boulevard Panoramique, Casablanca, MAR, 20150
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score

Get the complete analysis for CAS:CMA

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

MAD1,622.00
Price
MAD2,557.94
GF Value