Cematrix (TSX:CEMX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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

TSX:CEMX Cematrix Corp TSX:CEMX
46 GF Score
Price C$0.48
GF Value C$0.38
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Cematrix Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cematrix  (TSX:CEMX) 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.


Cematrix Cyclically Adjusted PS Ratio Related Terms


Cematrix Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cematrix'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.

Cematrix Cyclically Adjusted PS Ratio Chart

Cematrix 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 0.92 0.60 0.71 0.68 0.98

Cematrix 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 0.81 0.96 0.99 1.27 1.35

TSX:CEMX vs CRH, MLM, VMC: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Cematrix'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.


Cematrix Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


TSX:CEMX
46GF Score
Cematrix Corp TSX:CEMX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cematrix 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.

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

For example, Cematrix'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)
=0.12/133.5265*133.5265
=0.120

Current CPI (Jun. 2026) = 133.5265.

Cematrix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.073 101.765 0.096
201612 0.034 101.449 0.045
201703 0.073 102.634 0.095
201706 0.064 103.029 0.083
201709 0.070 103.345 0.090
201712 0.016 103.345 0.021
201803 0.043 105.004 0.055
201806 0.077 105.557 0.097
201809 0.166 105.636 0.210
201812 0.138 105.399 0.175
201903 0.072 106.979 0.090
201906 0.145 107.690 0.180
201909 0.151 107.611 0.187
201912 0.083 107.769 0.103
202003 0.066 107.927 0.082
202006 0.119 108.401 0.147
202009 0.170 108.164 0.210
202012 0.067 108.559 0.082
202103 0.049 110.298 0.059
202106 0.035 111.720 0.042
202109 0.054 112.905 0.064
202112 0.052 113.774 0.061
202203 0.038 117.646 0.043
202206 0.030 120.806 0.033
202209 0.086 120.648 0.095
202212 0.062 120.964 0.068
202303 0.054 122.702 0.059
202306 0.046 124.203 0.049
202309 0.152 125.230 0.162
202312 0.145 125.072 0.155
202403 0.061 126.258 0.065
202406 0.047 127.522 0.049
202409 0.068 127.285 0.071
202412 0.069 127.364 0.072
202503 0.044 129.181 0.045
202506 0.069 129.892 0.071
202509 0.100 130.287 0.102
202512 0.084 130.366 0.086
202603 0.049 132.262 0.049
202606 0.120 133.527 0.120

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 Cematrix (TSX:CEMX) Overvalued in 2026?

Based on GuruFocus' analysis, Cematrix stock appears to be overvalued. The current stock price of C$0.48 is trading 25% above its estimated GF Value™ of C$0.38. GuruFocus considers Cematrix to be Modestly Overvalued.

Key valuation signals for TSX:CEMX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$0.38 vs. price of C$0.48 (25% above fair value)
  • GF Score™: 46/100 with 1 warning sign

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


Cematrix Business Description

Other Exchanges CTXXF:USA
Address 9727 - 40 Street SE, Calgary, AB, CAN, T2C 2P4
Cematrix Corp, through its subsidiaries, operates as a manufacturer and supplier of cellular concrete products with applications in a variety of markets across North America. Its product, CEMATRIX Cellular Concrete (CCC), is a construction material consisting of Portland Cement, water, specialized pre-formed foaming agent, and compressed air, which is flowable during placement, and once the material hardens, it has lightweight, insulating, and energy-absorbing properties. CCC has applications in retaining walls, bridge approaches, roadways, and runways over soft soil, frost-protected shallow foundations, heated slabs, tunnel grouting, and other areas. Geographically, the group generates maximum revenue from its customers in the United States, and the rest from Canada.
46GF Score

Get the complete analysis for TSX:CEMX

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

C$0.48
Price
C$0.38
GF Value