National Cement Co PSC (DFM:NCC) Shiller PE Ratio: 23.81 (As of Sep. 03, 2026) — 41% Above Median

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DFM:NCC National Cement Co PSC DFM:NCC
65 GF Score
Price د.إ5.00
GF Value د.إ5.01
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is National Cement Co PSC Shiller PE Ratio?

National Cement Co PSC DFM:NCC 65 Shiller PE Ratio is 23.81 as of Sep. 03, 2026, which is 41% above its 10-year median of 16.83. GuruFocus rates DFM:NCC with a GF Score™ of 65/100 and a GF Value™ of د.إ5.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 260 Building Materials companies, National Cement Co PSC ranks worse than 68.08% on this metric.

As of today (2026-09-03), National Cement Co PSC's current share price is د.إ5.00. National Cement Co PSC's E10 for the quarter that ended in Jun. 2026 was د.إ0.21. National Cement Co PSC's Shiller PE Ratio for today is 23.81.

The historical rank and industry rank for National Cement Co PSC's Shiller PE Ratio or its related term are showing as below:

DFM:NCC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.28   Med: 16.83   Max: 26.11
Current: 22.82

During the past years, National Cement Co PSC's highest Shiller PE Ratio was 26.11. The lowest was 12.28. And the median was 16.83.

DFM:NCC's Shiller PE Ratio is ranked worse than
68.08% of 260 companies
in the Building Materials industry
Industry Median: 15.135 vs DFM:NCC: 22.82

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

National Cement Co PSC's adjusted earnings per share data for the three months ended in Jun. 2026 was د.إ0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is د.إ0.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Cement Co PSC  (DFM:NCC) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


National Cement Co PSC Shiller PE Ratio Related Terms


National Cement Co PSC Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for National Cement Co PSC's Shiller PE 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.

National Cement Co PSC Shiller PE Ratio Chart

National Cement Co PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 17.76 16.47 0.00 22.97

National Cement Co PSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 22.62 23.69 22.97 20.98 20.27

DFM:NCC vs CRH, MLM, VMC: Shiller PE Ratio Comparison

For the Building Materials subindustry, National 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.


National Cement Co PSC Shiller PE Ratio vs Building Materials Industry

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

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


DFM:NCC
65GF Score
National Cement Co PSC DFM:NCC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Cement Co PSC Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

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

National Cement Co PSC's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=5.00/0.21
=23.81

* 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.

National Cement Co PSC's E10 for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.09/333.9520*333.9520
=0.090

Current CPI (Jun. 2026) = 333.9520.

National Cement Co PSC Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.030 241.428 0.041
201612 0.050 241.432 0.069
201703 0.090 243.801 0.123
201706 0.030 244.955 0.041
201709 0.010 246.819 0.014
201712 -0.020 246.524 -0.027
201803 0.050 249.554 0.067
201806 0.010 251.989 0.013
201809 -0.030 252.439 -0.040
201812 -0.130 251.233 -0.173
201903 0.110 254.202 0.145
201906 -0.001 256.143 -0.001
201909 0.040 256.759 0.052
201912 0.120 256.974 0.156
202003 -0.166 258.115 -0.215
202006 0.100 257.797 0.130
202009 -0.020 260.280 -0.026
202012 0.081 260.474 0.104
202103 -0.004 264.877 -0.005
202106 0.010 271.696 0.012
202109 0.040 274.310 0.049
202112 0.086 278.802 0.103
202203 -0.049 287.504 -0.057
202206 0.020 296.311 0.023
202209 -0.030 296.808 -0.034
202212 -0.020 296.797 -0.023
202303 0.142 301.836 0.157
202306 -0.030 305.109 -0.033
202309 0.030 307.789 0.033
202312 0.030 306.746 0.033
202403 0.361 312.332 0.386
202406 -0.002 314.175 -0.002
202409 0.020 315.301 0.021
202412 0.000 315.605 0.000
202503 0.438 319.799 0.457
202506 0.030 322.561 0.031
202509 0.040 324.800 0.041
202512 0.060 324.054 0.062
202603 0.210 330.213 0.212
202606 0.090 333.952 0.090

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

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 23.81 mean?
National Cement Co PSC (DFM:NCC) has a Shiller PE Ratio of 23.81 as of Sep. 03, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on National Cement Co PSC and its competitors. This is 41% above median its historical median of 16.83. Over the past decade, National Cement Co PSC's Shiller PE Ratio has ranged from 12.28 to 26.11. According to the industry distribution chart, National Cement Co PSC ranks #177 out of 260 companies in the Building Materials industry, placing it in the top 68.1%.
Is National Cement Co PSC's Shiller PE Ratio too high?
National Cement Co PSC's current Shiller PE Ratio of 23.81 is 41% above median its 10-year median of 16.83. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 26.11. The Building Materials industry median Shiller PE Ratio is 15.14. National Cement Co PSC's value of 23.81 is 57.3% above this industry median. Based on the distribution chart, National Cement Co PSC ranks #177 out of 260 companies in the Building Materials industry, which is below the industry midpoint. Overall, National Cement Co PSC has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's Shiller PE Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, National Cement Co PSC ranks #177 out of 260 companies for Shiller PE Ratio. This places National Cement Co PSC in the lower half of its industry. The industry median Shiller PE Ratio is 15.14. National Cement Co PSC's value of 23.81 is 57.3% above this benchmark. Historically, National Cement Co PSC's own Shiller PE Ratio has ranged from 12.28 to 26.11 over the past decade. While the company's 10-year median is 16.83 vs. the industry median of 15.14, National Cement Co PSC 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 Shiller PE Ratio for a Building Materials company?
The median Shiller PE Ratio among Building Materials companies is 15.14, based on 260 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Cement Co PSC's current Shiller PE Ratio of 23.81 is 57.3% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on National Cement Co PSC and its competitors. For the Building Materials industry, the median Shiller PE Ratio is 15.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Cement Co PSC's current Shiller PE Ratio is 23.81, which is 41% above median its own 10-year median of 16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ5.01, compared to a current price of د.إ5.00 — trading 0.2% below its estimated fair value. The current Shiller PE Ratio is 23.81, which is 41% above median its 10-year median of 16.83 and 57.3% above the Building Materials industry median of 15.14. National Cement Co PSC's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For National Cement Co PSC (DFM:NCC), the current Shiller PE Ratio is 23.81 as of Sep. 03, 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?

Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued. The current stock price of د.إ5.00 is trading 0.2% below its estimated GF Value™ of د.إ5.01. GuruFocus considers National Cement Co PSC to be Fairly Valued.

Key valuation signals for DFM:NCC:

  • Shiller PE Ratio: 23.81 (41% above median its 10-year median of 16.83)
  • GF Value™: د.إ5.01 vs. price of د.إ5.00 (0.2% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 57.3% above the Building Materials median (#177 of 260)

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


National Cement Co PSC Business Description

Address Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
65GF Score

Get the complete analysis for DFM:NCC

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

د.إ5.00
Price
د.إ5.01
GF Value