Dangote Cement (NSA:DCP) Shiller PE Ratio: (As of Sep. 21, 2026)

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NSA:DCP Dangote Cement PLC NSA:DCP
100 GF Score
Price ₦1,050.00
GF Value ₦846.98
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Dangote Cement Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dangote Cement  (NSA:DCP) 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.


Dangote Cement Shiller PE Ratio Related Terms


Dangote Cement Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Dangote Cement'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.

Dangote Cement Shiller PE Ratio Chart

Dangote Cement 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 17.31 15.41 17.21 22.98 23.52

Dangote Cement 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 18.68 21.28 23.35 28.87 32.24

NSA:DCP vs CRH, MLM, VMC: Shiller PE Ratio Comparison

For the Building Materials subindustry, Dangote Cement'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.


Dangote Cement Shiller PE Ratio vs Building Materials Industry

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

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


NSA:DCP
100GF Score
Dangote Cement PLC NSA:DCP
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dangote Cement 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.

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

For example, Dangote Cement'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)
=19.2492/333.9520*333.9520
=19.249

Current CPI (Jun. 2026) = 333.9520.

Dangote Cement Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.890 241.428 2.614
201612 3.220 241.432 4.454
201703 3.390 243.801 4.644
201706 3.020 244.955 4.117
201709 2.570 246.819 3.477
201712 0.350 246.524 0.474
201803 4.200 249.554 5.620
201806 2.404 251.989 3.185
201809 2.651 252.439 3.508
201812 13.572 251.233 18.041
201903 3.539 254.202 4.650
201906 3.473 256.143 4.528
201909 2.090 256.759 2.718
201912 2.689 256.974 3.495
202003 3.601 258.115 4.659
202006 3.846 257.797 4.982
202009 4.805 260.280 6.165
202012 3.900 260.474 5.000
202103 5.292 264.877 6.672
202106 5.918 271.696 7.273
202109 5.022 274.310 6.114
202112 4.993 278.802 5.981
202203 6.178 287.504 7.176
202206 3.921 296.311 4.419
202209 2.304 296.808 2.592
202212 9.866 296.797 11.101
202303 6.440 301.836 7.125
202306 3.946 305.109 4.319
202309 5.676 307.789 6.158
202312 10.409 306.746 11.332
202403 6.685 312.332 7.147
202406 4.571 314.175 4.859
202409 5.291 315.301 5.604
202412 13.193 315.605 13.960
202503 12.291 319.799 12.835
202506 18.445 322.561 19.096
202509 13.085 324.800 13.454
202512 16.043 324.054 16.533
202603 19.141 330.213 19.358
202606 19.249 333.952 19.249

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.

Is Dangote Cement (NSA:DCP) Overvalued in 2026?

Based on GuruFocus' analysis, Dangote Cement stock appears to be overvalued. The current stock price of ₦1,050.00 is trading 24% above its estimated GF Value™ of ₦846.98. GuruFocus considers Dangote Cement to be Modestly Overvalued.

Key valuation signals for NSA:DCP:

  • Shiller PE Ratio:
  • GF Value™: ₦846.98 vs. price of ₦1,050.00 (24% above fair value)
  • GF Score™: 100/100 with 1 warning sign

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


Dangote Cement Business Description

Address 1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA
Dangote Cement PLC is a cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture and distribution of cement and related products. The Company's production activities are undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.
100GF Score

Get the complete analysis for NSA:DCP

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

₦1,050.00
Price
₦846.98
GF Value