Pioneer Cement (KAR:PIOC) Cyclically Adjusted PS Ratio: 2.41 (As of Jul. 11, 2026) — 24% Above Median


KAR:PIOC Pioneer Cement Ltd KAR:PIOC
86 GF Score
Price ₨272.59
GF Value ₨134.61
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Pioneer Cement Cyclically Adjusted PS Ratio?

Pioneer Cement KAR:PIOC +0.28% 86 Cyclically Adjusted PS Ratio is 2.41 as of Jul. 11, 2026, which is 24% above its 10-year median of 1.95. GuruFocus rates KAR:PIOC with a GF Score™ of 86/100 and a GF Value™ of ₨134.61 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 322 Building Materials companies, Pioneer Cement ranks worse than 77.64% on this metric.

As of today (2026-07-11), Pioneer Cement's current share price is ₨272.59. Pioneer Cement's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨113.29. Pioneer Cement's Cyclically Adjusted PS Ratio for today is 2.41.

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

KAR:PIOC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.95   Max: 3.91
Current: 2.51

During the past years, Pioneer Cement's highest Cyclically Adjusted PS Ratio was 3.91. The lowest was 0.63. And the median was 1.95.

KAR:PIOC's Cyclically Adjusted PS Ratio is ranked worse than
77.64% of 322 companies
in the Building Materials industry
Industry Median: 1.03 vs KAR:PIOC: 2.51

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.

Pioneer Cement's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨44.206. 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 ₨113.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pioneer Cement  (KAR:PIOC) 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.


Pioneer Cement Cyclically Adjusted PS Ratio Related Terms


Pioneer Cement Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pioneer Cement'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.

Pioneer Cement Cyclically Adjusted PS Ratio Chart

Pioneer Cement Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.13 1.87 2.23

Pioneer Cement 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 2.11 2.23 2.34 3.58 1.83

KAR:PIOC vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Pioneer Cement'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.


Pioneer Cement Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


KAR:PIOC
86GF Score
Pioneer Cement Ltd KAR:PIOC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pioneer Cement 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.

Pioneer Cement's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=272.59/113.29
=2.41

* 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.

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

For example, Pioneer Cement'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)
=44.206/330.2130*330.2130
=44.206

Current CPI (Mar. 2026) = 330.2130.

Pioneer Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.159 241.018 15.289
201609 11.024 241.428 15.078
201612 11.836 241.432 16.188
201703 12.745 243.801 17.262
201706 11.202 244.955 15.101
201709 10.659 246.819 14.260
201712 10.902 246.524 14.603
201803 11.474 249.554 15.183
201806 11.503 251.989 15.074
201809 9.824 252.439 12.851
201812 12.393 251.233 16.289
201903 10.685 254.202 13.880
201906 9.904 256.143 12.768
201909 8.237 256.759 10.593
201912 9.880 256.974 12.696
202003 8.028 258.115 10.270
202006 1.388 257.797 1.778
202009 17.149 260.280 21.757
202012 23.641 260.474 29.971
202103 27.584 264.877 34.388
202106 27.226 271.696 33.090
202109 27.344 274.310 32.917
202112 37.953 278.802 44.952
202203 34.077 287.504 39.139
202206 41.108 296.311 45.811
202209 36.649 296.808 40.774
202212 45.411 296.797 50.524
202303 40.261 301.836 44.046
202306 36.807 305.109 39.835
202309 38.378 307.789 41.174
202312 44.507 306.746 47.912
202403 37.615 312.332 39.768
202406 35.873 314.175 37.704
202409 34.714 315.301 36.356
202412 39.162 315.605 40.975
202503 34.793 319.799 35.926
202506 37.907 322.561 38.806
202509 37.059 324.800 37.677
202512 45.152 324.054 46.010
202603 44.206 330.213 44.206

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 2.41 mean?
Pioneer Cement (KAR:PIOC) has a Cyclically Adjusted PS Ratio of 2.41 as of Jul. 11, 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 Pioneer Cement and its competitors. This is 24% above median its historical median of 1.95. Over the past decade, Pioneer Cement's Cyclically Adjusted PS Ratio has ranged from 0.63 to 3.91. According to the industry distribution chart, Pioneer Cement ranks #250 out of 322 companies in the Building Materials industry, placing it in the top 77.6%.
Is Pioneer Cement's Cyclically Adjusted PS Ratio too high?
Pioneer Cement's current Cyclically Adjusted PS Ratio of 2.41 is 24% above median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 3.91. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.03. Pioneer Cement's value of 2.41 is 134% above this industry median. Based on the distribution chart, Pioneer Cement ranks #250 out of 322 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Pioneer Cement has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Cement's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Pioneer Cement ranks #250 out of 322 companies for Cyclically Adjusted PS Ratio. This places Pioneer Cement in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Pioneer Cement's value of 2.41 is 134% above this benchmark. Historically, Pioneer Cement's own Cyclically Adjusted PS Ratio has ranged from 0.63 to 3.91 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 1.03, Pioneer Cement 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. Pioneer Cement's current Cyclically Adjusted PS Ratio of 2.41 is 134% 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 Pioneer Cement 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. Pioneer Cement's current Cyclically Adjusted PS Ratio is 2.41, which is 24% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Cement stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Cement (KAR:PIOC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨134.61, compared to a current price of ₨272.59 — trading 102.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.41, which is 24% above median its 10-year median of 1.95 and 134% above the Building Materials industry median of 1.03. Pioneer Cement's overall GF Score™ is 86/100 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 Pioneer Cement (KAR:PIOC), the current Cyclically Adjusted PS Ratio is 2.41 as of Jul. 11, 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 Pioneer Cement (KAR:PIOC) Overvalued in 2026?

Based on GuruFocus' analysis, Pioneer Cement stock appears to be overvalued. The current stock price of ₨272.59 is trading 102.5% above its estimated GF Value™ of ₨134.61. GuruFocus considers Pioneer Cement to be Significantly Overvalued.

Key valuation signals for KAR:PIOC:

  • Cyclically Adjusted PS Ratio: 2.41 (24% above median its 10-year median of 1.95)
  • GF Value™: ₨134.61 vs. price of ₨272.59 (102.5% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 134% above the Building Materials median (#250 of 322)

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


Pioneer Cement Business Description

Address 64-B/I, Gulberg-III, Lahore, PB, PAK
Pioneer Cement Ltd is a cement producer. The company's production facility is situated at Chenki, District Khushab in Punjab Province. The product range consists of Ordinary Portland Cement and Sulphate Resistant Cement. Its Ordinary Portland Cement is used for all structural work including all kinds of concrete construction and Sulphate Resistant Cement is used where sulfate salts are present in the soil or in saline water. Geographically, the company operates within Pakistan and Afghanistan and generates a majority of its revenue from Pakistan.
86GF Score

Get the complete analysis for KAR:PIOC

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

₨272.59
Price
₨134.61
GF Value