CF Industries HoldingsMEX:CF 28 PB Ratio is 3.36 as of Jun. 29, 2026, which is 18% above its 10-year median of 2.84. GuruFocus rates MEX:CF with a GF Score™ of 28/100 and a GF Value™ of MXN2,292.65 (Fairly Valued). The stock has 1 warning sign investors should review. Among 248 Agriculture companies, CF Industries Holdings ranks worse than 81.85% on this metric.
The historical rank and industry rank for CF Industries Holdings's PB Ratio or its related term are showing as below:
MEX:CF'
s PB Ratio Range Over the Past 10 Years
Min: 1.29 Med: 2.84 Max: 7.09
Current: 3.04
During the past 13 years, CF Industries Holdings's highest PB Ratio was 7.09. The lowest was 1.29. And the median was 2.84.
MEX:CF's PB Ratio is ranked worse than 81.85% of 248
companies
in the Agriculture industry
Industry Median: 1.5
vs MEX:CF: 3.04
During the past 12 months, CF Industries Holdings's average Book Value Per Share Growth Rate was 19.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CF Industries Holdings was 179.60% per year. The lowest was -8.50% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
CF Industries Holdings (MEX:CF) PB Ratio Explanation
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.
* 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 Agricultural Inputs subindustry, CF Industries Holdings'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.
CF Industries Holdings PB Ratio vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, CF Industries Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where CF Industries Holdings'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.
* 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.
CF Industries Holdings (MEX:CF) has a PB Ratio of 3.36 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CF Industries Holdings and its competitors. This is 18% above median its historical median of 2.84. Over the past decade, CF Industries Holdings' PB Ratio has ranged from 1.29 to 7.09. According to the industry distribution chart, CF Industries Holdings ranks #203 out of 248 companies in the Agriculture industry, placing it in the top 81.9%.
Is CF Industries Holdings' PB Ratio too high?
CF Industries Holdings' current PB Ratio of 3.36 is 18% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 7.09. The Agriculture industry median PB Ratio is 1.50. CF Industries Holdings' value of 3.36 is 124% above this industry median. Based on the distribution chart, CF Industries Holdings ranks #203 out of 248 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, CF Industries Holdings has a GF Score™ of 28/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CF Industries Holdings' PB Ratio compare to MOS and SMG?
According to the Agriculture industry distribution chart, CF Industries Holdings ranks #203 out of 248 companies for PB Ratio. This places CF Industries Holdings in the lower half of its industry. The industry median PB Ratio is 1.50. CF Industries Holdings' value of 3.36 is 124% above this benchmark. Historically, CF Industries Holdings' own PB Ratio has ranged from 1.29 to 7.09 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.50, CF Industries Holdings 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 PB Ratio for an Agriculture company?
The median PB Ratio among Agriculture companies is 1.50, based on 248 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. CF Industries Holdings's current PB Ratio of 3.36 is 124% 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 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 CF Industries Holdings and its competitors. For the Agriculture industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CF Industries Holdings's current PB Ratio is 3.36, which is 18% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CF Industries Holdings stock overvalued right now?
Based on GuruFocus' analysis, CF Industries Holdings (MEX:CF) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,292.65, compared to a current price of MXN2,110.00 — trading 8% below its estimated fair value. The current PB Ratio is 3.36, which is 18% above median its 10-year median of 2.84 and 124% above the Agriculture industry median of 1.50. CF Industries Holdings' overall GF Score™ is 28/100 with 1 warning sign 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 CF Industries Holdings (MEX:CF), the current PB Ratio is 3.36 as of Jun. 29, 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 CF Industries Holdings (MEX:CF) Overvalued in 2026?
Based on GuruFocus' analysis, CF Industries Holdings stock appears to be undervalued.
The current stock price of MXN2,110.00 is trading 8% below its estimated GF Value™ of MXN2,292.65.
GuruFocus considers CF Industries Holdings to be Fairly Valued.
Key valuation signals for MEX:CF:
PB Ratio: 3.36 (18% above median its 10-year median of 2.84)
GF Value™: MXN2,292.65 vs. price of MXN2,110.00 (8% below fair value)
Industry Position: 124% above the Agriculture median (#203 of 248)
No single metric tells the full story. See the MEX:CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost US natural gas as its feedstock, making the company one of the lowest-cost nitrogen producers globally. It is also investing in carbon-free blue and green ammonia, which can be used as an alternative fuel to hydrogen or as a means to transport hydrogen.
28GF Score
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