Gulf Cement Co PSC (ADX:GCEM) E10: د.إ-0.13 (As of Mar. 2026)


ADX:GCEM Gulf Cement Co PSC ADX:GCEM
29 GF Score
Price د.إ1.01
GF Value د.إ0.70
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Gulf Cement Co PSC E10?

Gulf Cement Co PSC ADX:GCEM -0.98% 29 E10 is د.إ-0.13 as of Mar. 2026. GuruFocus rates ADX:GCEM with a GF Score™ of 29/100 and a GF Value™ of د.إ0.70 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Gulf Cement Co PSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ-0.13 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Gulf Cement Co PSC was -51.80% per year. The lowest was -71.00% per year. And the median was -61.40% per year.

As of today (2026-06-24), Gulf Cement Co PSC's current stock price is د.إ1.01. Gulf Cement Co PSC's E10 for the quarter that ended in Mar. 2026 was د.إ-0.13. Gulf Cement Co PSC's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Gulf Cement Co PSC was 25.00. The lowest was 13.57. And the median was 17.63.


Gulf Cement Co PSC  (ADX:GCEM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Gulf Cement Co PSC was 25.00. The lowest was 13.57. And the median was 17.63.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Gulf Cement Co PSC E10 Related Terms


Gulf Cement Co PSC E10 Historical Data

* Premium members only.

The historical data trend for Gulf Cement Co PSC's E10 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.

Gulf Cement Co PSC E10 Chart

Gulf Cement Co PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.03 -0.07 -0.10 0.00

Gulf 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
E10 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 -0.11 -0.12 -0.12 0.00 -0.13

ADX:GCEM vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Gulf Cement Co PSC's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Gulf Cement Co PSC Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Gulf Cement Co PSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Cement Co PSC's Shiller PE Ratio falls into.


ADX:GCEM
29GF Score
Gulf Cement Co PSC ADX:GCEM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Cement Co PSC E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Gulf Cement Co PSC's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.05/330.2130*330.2130
=0.050

Current CPI (Mar. 2026) = 330.2130.

Gulf Cement Co PSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.040 241.018 0.055
201609 0.040 241.428 0.055
201612 0.040 241.432 0.055
201703 0.020 243.801 0.027
201706 0.034 244.955 0.046
201709 0.028 246.819 0.037
201712 0.018 246.524 0.024
201803 -0.008 249.554 -0.011
201806 0.020 251.989 0.026
201809 -0.010 252.439 -0.013
201812 -0.084 251.233 -0.110
201903 0.004 254.202 0.005
201906 -0.001 256.143 -0.001
201909 -0.012 256.759 -0.015
201912 -0.060 256.974 -0.077
202003 -0.070 258.115 -0.090
202006 -0.048 257.797 -0.061
202009 -0.535 260.280 -0.679
202012 -0.017 260.474 -0.022
202103 -0.017 264.877 -0.021
202106 -0.045 271.696 -0.055
202109 -0.045 274.310 -0.054
202112 -0.024 278.802 -0.028
202203 -0.052 287.504 -0.060
202206 -0.019 296.311 -0.021
202209 -0.054 296.808 -0.060
202212 -0.007 296.797 -0.008
202303 -0.030 301.836 -0.033
202306 -0.023 305.109 -0.025
202309 -0.029 307.789 -0.031
202312 -0.043 306.746 -0.046
202403 -0.020 312.332 -0.021
202406 -0.040 314.175 -0.042
202409 -0.014 315.301 -0.015
202412 -0.031 315.605 -0.032
202503 -0.030 319.799 -0.031
202506 -0.010 322.561 -0.010
202509 0.010 324.800 0.010
202512 0.000 324.054 0.000
202603 0.050 330.213 0.050

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of د.إ-0.13 mean?
Gulf Cement Co PSC (ADX:GCEM) has a E10 of د.إ-0.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gulf Cement Co PSC and its competitors.
Is Gulf Cement Co PSC's E10 too high?
Gulf Cement Co PSC's current E10 is د.إ-0.13. Overall, Gulf Cement Co PSC has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Cement Co PSC's E10 compare to CRH and VMC?
Gulf Cement Co PSC's E10 of د.إ-0.13 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Building Materials company?
A good E10 depends on the Building Materials industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gulf Cement Co PSC and its competitors. Gulf Cement Co PSC's current E10 is د.إ-0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Cement Co PSC (ADX:GCEM) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ0.70, compared to a current price of د.إ1.01 — trading 44.3% above its estimated fair value. The current E10 is د.إ-0.13. Gulf Cement Co PSC's overall GF Score™ is 29/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Gulf Cement Co PSC (ADX:GCEM), the current E10 is د.إ-0.13 as of Mar. 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 Gulf Cement Co PSC (ADX:GCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Cement Co PSC stock appears to be overvalued. The current stock price of د.إ1.01 is trading 44.3% above its estimated GF Value™ of د.إ0.70. GuruFocus considers Gulf Cement Co PSC to be Significantly Overvalued.

Key valuation signals for ADX:GCEM:

  • E10: د.إ-0.13
  • GF Value™: د.إ0.70 vs. price of د.إ1.01 (44.3% above fair value)
  • GF Score™: 29/100 with 8 warning signs

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


Gulf Cement Co PSC Business Description

Address Khor Khuir Area, P.O. Box 5295, Ras Al Khaimah, ARE
Gulf Cement Co PSC operates as a cement producer that serves customers located in the UAE and the Arab Gulf Zone. Its product offerings include a variety of cements such as Sulphate Resisting Portland Cement, Ordinary Portland Cement, Moderate Sulphate Resisting Portland Cement, and Ground Granulated Blast Furnace Slag, among others. The company has two operating segments, including Manufacturing of all types of cements, and Investments in marketable equity securities, deposits with banks, and investment properties. A majority of its revenue is generated from the Manufacturing segment. Geographically, the company derives maximum revenue from its business within the United Arab Emirates (UAE).
29GF Score

Get the complete analysis for ADX:GCEM

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ1.01
Price
د.إ0.70
GF Value