National Cement Co PSC (DFM:NCC) Cyclically Adjusted PS Ratio: 6.39 (As of Jul. 09, 2026) — 61% Above Median


DFM:NCC National Cement Co PSC DFM:NCC
71 GF Score
Price د.إ4.22
GF Value د.إ4.45
Valuation Fairly Valued
! 4 Warning Signs
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What is National Cement Co PSC Cyclically Adjusted PS Ratio?

National Cement Co PSC DFM:NCC 71 Cyclically Adjusted PS Ratio is 6.39 as of Jul. 09, 2026, which is 61% above its 10-year median of 3.97. GuruFocus rates DFM:NCC with a GF Score™ of 71/100 and a GF Value™ of د.إ4.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 322 Building Materials companies, National Cement Co PSC ranks worse than 94.41% on this metric.

As of today (2026-07-09), National Cement Co PSC's current share price is د.إ4.22. National Cement Co PSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was د.إ0.66. National Cement Co PSC's Cyclically Adjusted PS Ratio for today is 6.39.

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

DFM:NCC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.09   Med: 3.97   Max: 7.52
Current: 6.39

During the past years, National Cement Co PSC's highest Cyclically Adjusted PS Ratio was 7.52. The lowest was 3.09. And the median was 3.97.

DFM:NCC's Cyclically Adjusted PS Ratio is ranked worse than
94.41% of 322 companies
in the Building Materials industry
Industry Median: 1.03 vs DFM:NCC: 6.39

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.

National Cement Co PSC's adjusted revenue per share data for the three months ended in Mar. 2026 was د.إ0.194. 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 د.إ0.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Cement Co PSC  (DFM:NCC) 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.


National Cement Co PSC Cyclically Adjusted PS Ratio Related Terms


National Cement Co PSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for National Cement Co PSC'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.

National Cement Co PSC Cyclically Adjusted PS Ratio Chart

National Cement Co PSC 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 0.00 3.94 3.55 5.23 6.91

National Cement Co PSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.46 6.66 6.88 6.91 6.87

DFM:NCC vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, National Cement Co PSC'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.


National Cement Co PSC Cyclically Adjusted PS Ratio vs Building Materials Industry

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

* The bar in red indicates where National Cement Co PSC's Cyclically Adjusted PS Ratio falls into.


DFM:NCC
71GF Score
National Cement Co PSC DFM:NCC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Cement Co PSC 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.

National Cement Co PSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.22/0.66
=6.39

* 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.

National Cement Co PSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, National Cement Co PSC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.194/330.2130*330.2130
=0.194

Current CPI (Mar. 2026) = 330.2130.

National Cement Co PSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.165 241.018 0.226
201609 0.169 241.428 0.231
201612 0.192 241.432 0.263
201703 0.136 243.801 0.184
201706 0.151 244.955 0.204
201709 0.140 246.819 0.187
201712 0.143 246.524 0.192
201803 0.137 249.554 0.181
201806 0.160 251.989 0.210
201809 0.163 252.439 0.213
201812 0.170 251.233 0.223
201903 0.151 254.202 0.196
201906 0.132 256.143 0.170
201909 0.131 256.759 0.168
201912 0.117 256.974 0.150
202003 0.110 258.115 0.141
202006 0.129 257.797 0.165
202009 0.114 260.280 0.145
202012 0.162 260.474 0.205
202103 0.127 264.877 0.158
202106 0.055 271.696 0.067
202109 0.099 274.310 0.119
202112 0.114 278.802 0.135
202203 0.109 287.504 0.125
202206 0.090 296.311 0.100
202209 0.099 296.808 0.110
202212 0.109 296.797 0.121
202303 0.118 301.836 0.129
202306 0.126 305.109 0.136
202309 0.148 307.789 0.159
202312 0.147 306.746 0.158
202403 0.154 312.332 0.163
202406 0.100 314.175 0.105
202409 0.126 315.301 0.132
202412 0.119 315.605 0.125
202503 0.144 319.799 0.149
202506 0.159 322.561 0.163
202509 0.181 324.800 0.184
202512 0.214 324.054 0.218
202603 0.194 330.213 0.194

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 6.39 mean?
National Cement Co PSC (DFM:NCC) has a Cyclically Adjusted PS Ratio of 6.39 as of Jul. 09, 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 National Cement Co PSC and its competitors. This is 61% above median its historical median of 3.97. Over the past decade, National Cement Co PSC's Cyclically Adjusted PS Ratio has ranged from 3.09 to 7.52. According to the industry distribution chart, National Cement Co PSC ranks #304 out of 322 companies in the Building Materials industry, placing it in the top 94.4%.
Is National Cement Co PSC's Cyclically Adjusted PS Ratio too high?
National Cement Co PSC's current Cyclically Adjusted PS Ratio of 6.39 is 61% above median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 3.09 to a high of 7.52. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.03. National Cement Co PSC's value of 6.39 is 520.4% above this industry median. Based on the distribution chart, National Cement Co PSC ranks #304 out of 322 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, National Cement Co PSC has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, National Cement Co PSC ranks #304 out of 322 companies for Cyclically Adjusted PS Ratio. This places National Cement Co PSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. National Cement Co PSC's value of 6.39 is 520.4% above this benchmark. Historically, National Cement Co PSC's own Cyclically Adjusted PS Ratio has ranged from 3.09 to 7.52 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.03, National Cement Co PSC 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 322 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. National Cement Co PSC's current Cyclically Adjusted PS Ratio of 6.39 is 520.4% 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 National Cement Co PSC 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. National Cement Co PSC's current Cyclically Adjusted PS Ratio is 6.39, which is 61% above median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.45, compared to a current price of د.إ4.22 — trading 5.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.39, which is 61% above median its 10-year median of 3.97 and 520.4% above the Building Materials industry median of 1.03. National Cement Co PSC's overall GF Score™ is 71/100 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 National Cement Co PSC (DFM:NCC), the current Cyclically Adjusted PS Ratio is 6.39 as of Jul. 09, 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?

Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued. The current stock price of د.إ4.22 is trading 5.2% below its estimated GF Value™ of د.إ4.45. GuruFocus considers National Cement Co PSC to be Fairly Valued.

Key valuation signals for DFM:NCC:

  • Cyclically Adjusted PS Ratio: 6.39 (61% above median its 10-year median of 3.97)
  • GF Value™: د.إ4.45 vs. price of د.إ4.22 (5.2% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 520.4% above the Building Materials median (#304 of 322)

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


National Cement Co PSC Business Description

Address Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
71GF Score

Get the complete analysis for DFM:NCC

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

د.إ4.22
Price
د.إ4.45
GF Value