Steppe CementSPPCF 53 PB Ratio is 1.17 as of Jun. 27, 2026, which is 5% above its 10-year median of 1.11. GuruFocus rates SPPCF with a GF Score™ of 53/100 and a GF Value™ of $0.32. The stock has 6 warning signs investors should review. Among 398 Building Materials companies, Steppe Cement ranks better than 57.79% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-27), Steppe Cement's share price is $0.31. Steppe Cement's Book Value per Share for the quarter that ended in Dec. 2025 was $0.27. Hence, Steppe Cement's PB Ratio of today is 1.17.
Warning Sign:
Steppe Cement Ltd stock PB Ratio (=0.98) is close to 2-year high of 1.08.
The historical rank and industry rank for Steppe Cement's PB Ratio or its related term are showing as below:
SPPCF'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.11 Max: 2.94
Current: 0.98
During the past 13 years, Steppe Cement's highest PB Ratio was 2.94. The lowest was 0.51. And the median was 1.11.
SPPCF's PB Ratio is ranked better than 57.79% of 398
companies
in the Building Materials industry
Industry Median: 1.185
vs SPPCF: 0.98
During the past 12 months, Steppe Cement's average Book Value Per Share Growth Rate was -3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Steppe Cement was 77.00% per year. The lowest was -25.70% per year. And the median was -0.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Steppe Cement PB Ratio Related Terms
Steppe Cement PB Ratio Historical Data
* Premium members only.
The historical data trend for Steppe Cement's PB 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.
For the Building Materials subindustry, Steppe Cement's PB Ratio, along with its competitors' market caps and PB 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.
Steppe Cement PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's PB Ratio distribution charts can be found below:
* The bar in red indicates where Steppe Cement's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Steppe Cement's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Steppe Cement (SPPCF) has a PB Ratio of 1.17 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Steppe Cement and its competitors. This is near median its historical median of 1.11. Over the past decade, Steppe Cement's PB Ratio has ranged from 0.51 to 2.94. According to the industry distribution chart, Steppe Cement ranks #168 out of 398 companies in the Building Materials industry, placing it in the top 42.2%.
Is Steppe Cement's PB Ratio too high?
Steppe Cement's current PB Ratio of 1.17 is near median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.94. The Building Materials industry median PB Ratio is 1.19. Steppe Cement's value of 1.17 is 1.3% below this industry median. Based on the distribution chart, Steppe Cement ranks #168 out of 398 companies in the Building Materials industry, which is above the industry midpoint. Overall, Steppe Cement has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #168 out of 398 companies for PB Ratio. This puts Steppe Cement in the upper half of its industry. The industry median PB Ratio is 1.19. Steppe Cement's value of 1.17 is 1.3% below this benchmark. Historically, Steppe Cement's own PB Ratio has ranged from 0.51 to 2.94 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.19, Steppe Cement has consistently been below 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 PB Ratio for a Building Materials company?
The median PB Ratio among Building Materials companies is 1.19, based on 398 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Cement's current PB Ratio of 1.17 is 1.3% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Steppe Cement and its competitors. For the Building Materials industry, the median PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current PB Ratio is 1.17, which is near median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current PB Ratio of 1.17. The stock's GF Value™ is $0.32, compared to a current price of $0.31 — trading 3.1% below its estimated fair value. The current PB Ratio is 1.17, which is near median its 10-year median of 1.11 and 1.3% below the Building Materials industry median of 1.19. Steppe Cement's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Steppe Cement (SPPCF), the current PB Ratio is 1.17 as of Jun. 27, 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be undervalued.
The current stock price of $0.31 is trading 3.1% below its estimated GF Value™ of $0.32.
Key valuation signals for SPPCF:
PB Ratio: 1.17 (near median its 10-year median of 1.11)
GF Value™: $0.32 vs. price of $0.31 (3.1% below fair value)
Industry Position: 1.3% below the Building Materials median (#168 of 398)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
53GF Score
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