Latest Ratios: P/E Ratio 14.4x · EV/EBITDA 6.9x · ROE 12.8%. (2009–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $892M | $448M | $440M | $442M | $533M | $639M | $790M | $813M | $1.1B | $800M |
| Enterprise Value | $1.5B | $2.3B | $1.9B | $1.9B | $2.0B | $1.8B | $906M | $1.1B | $1.8B | $2.0B | $1.7B |
| P/E Ratio → | 14.44 | 6.13 | 2.27 | 2.64 | 2.52 | 3.46 | 10.66 | 5.95 | 10.56 | 11.27 | 6.87 |
| P/S Ratio | 1.61 | 0.42 | 0.23 | 0.23 | 0.21 | 0.27 | 0.49 | 0.57 | 0.64 | 0.87 | 0.65 |
| P/B Ratio | 3.15 | 0.75 | 0.37 | 0.37 | 0.37 | 0.45 | 1.69 | 1.84 | 0.56 | 0.70 | 0.41 |
| P/FCF | 8.15 | 3.67 | 1.74 | 3.58 | — | 7.01 | 2.29 | 6.47 | 8.81 | 5.94 | 7.65 |
| P/OCF | 11.04 | 2.62 | 1.39 | 1.07 | 3.95 | 3.12 | 1.93 | 3.85 | 3.99 | 4.09 | 3.31 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.07 | 0.95 | 0.99 | 0.93 | 0.93 | 0.70 | 0.79 | 1.46 | 1.62 | 1.39 |
| EV / EBITDA | 6.87 | 3.88 | 3.43 | 3.66 | 3.97 | 3.98 | 2.87 | 2.75 | 4.96 | 6.13 | 4.46 |
| EV / EBIT | 12.07 | 6.31 | 4.76 | 5.59 | 5.78 | 6.10 | 5.78 | 4.30 | 11.19 | 11.35 | 7.03 |
| EV / FCF | — | 9.33 | 7.33 | 15.74 | — | 23.76 | 3.25 | 9.03 | 19.96 | 11.08 | 16.38 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.1% | 38.1% | 36.8% | 35.4% | 30.8% | 28.9% | 28.9% | 35.0% | 37.0% | 40.0% | 40.4% |
| Operating Margin | 20.1% | 20.1% | 19.8% | 19.8% | 16.8% | 16.4% | 13.6% | 19.4% | 19.1% | 16.3% | 22.1% |
| Net Profit Margin | 7.3% | 7.3% | 10.1% | 8.7% | 8.4% | 7.9% | 4.5% | 9.5% | 6.1% | 7.7% | 9.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 12.8% | 16.5% | 14.1% | 14.8% | 19.5% | 14.3% | 14.1% | 5.2% | 5.4% | 5.8% |
| ROA | 4.9% | 4.9% | 6.1% | 5.1% | 5.4% | 7.6% | 6.7% | 7.1% | 2.7% | 3.1% | 3.5% |
| ROIC | 12.2% | 12.2% | 11.0% | 10.7% | 10.3% | 15.3% | 19.0% | 12.6% | 7.4% | 5.6% | 7.0% |
| ROCE | 18.0% | 18.0% | 15.4% | 15.3% | 14.5% | 19.7% | 22.9% | 16.0% | 9.3% | 6.9% | 8.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.20 | 1.20 | 1.24 | 1.33 | 1.34 | 1.30 | 0.93 | 0.78 | 0.75 | 0.64 | 0.50 |
| Debt / EBITDA | 2.44 | 2.44 | 2.74 | 3.00 | 3.24 | 3.41 | 1.12 | 0.83 | 2.90 | 2.99 | 2.59 |
| Net Debt / Equity | — | 1.15 | 1.18 | 1.25 | 1.27 | 1.07 | 0.71 | 0.73 | 0.71 | 0.61 | 0.46 |
| Net Debt / EBITDA | 2.35 | 2.35 | 2.61 | 2.82 | 3.07 | 2.81 | 0.85 | 0.78 | 2.77 | 2.84 | 2.38 |
| Debt / FCF | — | 5.66 | 5.59 | 12.16 | — | 16.75 | 0.96 | 2.56 | 11.15 | 5.13 | 8.73 |
| Interest Coverage | 4.14 | 4.14 | 3.99 | 3.44 | 3.57 | 3.33 | 2.21 | 4.13 | 3.39 | 2.36 | 5.32 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.09 | 1.09 | 1.30 | 1.44 | 1.25 | 1.40 | 3.31 | 2.12 | 2.38 | 2.70 | 3.16 |
| Quick Ratio | 0.28 | 0.28 | 0.29 | 0.29 | 0.32 | 0.56 | 1.57 | 0.65 | 0.74 | 0.88 | 1.21 |
| Cash Ratio | 0.06 | 0.06 | 0.09 | 0.13 | 0.18 | 0.38 | 1.17 | 0.19 | 0.19 | 0.24 | 0.45 |
| Asset Turnover | — | 0.68 | 0.61 | 0.59 | 0.63 | 0.61 | 1.55 | 1.57 | 0.44 | 0.43 | 0.37 |
| Inventory Turnover | 1.85 | 1.85 | 1.61 | 1.59 | 1.65 | 2.29 | 7.23 | 5.78 | 1.88 | 1.96 | 2.13 |
| Days Sales Outstanding | — | 29.57 | 25.71 | 19.57 | 18.97 | 21.03 | 7.98 | 11.93 | 28.61 | 29.77 | 37.42 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.4% | 18.5% | 39.1% | 39.9% | 40.7% | 63.2% | 22.5% | 15.3% | 21.1% | 11.8% | 19.3% |
| Payout Ratio | 106.9% | 106.9% | 88.0% | 103.9% | 101.7% | 219.9% | 248.1% | 91.4% | 224.0% | 133.3% | 132.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 16.3% | 44.0% | 37.9% | 39.7% | 28.9% | 9.4% | 16.8% | 9.5% | 8.9% | 14.5% |
| FCF Yield | 12.3% | 27.2% | 57.4% | 28.0% | — | 14.3% | 43.7% | 15.5% | 11.4% | 16.8% | 13.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.2% | 0.0% |
| Total Shareholder Yield | 4.4% | 18.5% | 39.1% | 39.9% | 40.7% | 63.2% | 22.5% | 15.3% | 21.1% | 15.0% | 19.3% |
| Shares Outstanding | — | $86M | $86M | $86M | $86M | $86M | $86M | $86M | $86M | $86M | $87M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying CPAC stock.
Cementos Pacasmayo S.A.A.'s current P/E ratio is 14.4x. The historical average is 6.0x. This places it at the 100th percentile of its historical range.
Cementos Pacasmayo S.A.A.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.0x.
Cementos Pacasmayo S.A.A.'s return on equity (ROE) is 12.8%. The historical average is 13.2%.
Based on historical data, Cementos Pacasmayo S.A.A. is trading at a P/E of 14.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cementos Pacasmayo S.A.A.'s current dividend yield is 4.39% with a payout ratio of 106.9%.
Cementos Pacasmayo S.A.A. has 38.1% gross margin and 20.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Cementos Pacasmayo S.A.A.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Cyclical margin and cash volatility
Trailing Multiples Overstate Forward Discount
Based on reported figures, CPAC trades at 25.8x trailing P/E but only 3.97x forward P/E, a gap that suggests the market is pricing a sharp earnings rebound that the trailing period has not yet shown.
The divergence between trailing P/E of 25.8x and forward P/E of 3.97x is wide enough to indicate that consensus expects earnings to step up materially from the depressed 2025Q4 base. The PEG of 1.33 and EV/EBITDA of 8.78x versus 2.22x forward suggest similar optimism, which investors should test against whether the 2026 margin recovery proves durable across a full cycle.
Margin Recovery Outpaces Earnings Consistency
As reported in financial statements, CPAC's gross margin expanded from 35.3% to 44.0% over ten quarters, yet net margin remained volatile, falling to -3.2% in 2025Q4 before recovering to 18.2% in 2026Q3.
Operating margin improved from 17.6% to 30.3%, indicating that operating leverage has been strong, but the gap between operating and net margin in 2025Q4 points to non-operating or tax-related drags that warrant further investigation. Earning power appears better represented by operating margin than by net margin given this quarter-to-quarter noise.
Deleveraging Driven by Equity Rebuilding
Based on CPAC's reported figures, debt-to-equity fell from 1.24 to 0.91 while debt-to-EBITDA compressed from 10.58x to 5.77x, a movement that appears to reflect retained earnings growth more than debt reduction.
Interest coverage rose from 3.19x to 9.83x, suggesting debt service has become considerably more comfortable over the period. Investors should monitor whether the leverage improvement persists once quarterly EBITDA normalizes, since the D/EBITDA ratio remains elevated in several periods.
Working Capital Cycle Stretched by Payables
According to the reported quarterly series, CPAC's cash conversion cycle lengthened from 216 to 158 days only after a payables extension, with DPO reaching 164 days in 2026Q3 against DIO of 19 days.
The cycle is dominated by payables rather than receivables or inventory, meaning supplier financing is carrying much of the working capital load. This structure may be sustainable but leaves the company exposed if supplier terms tighten, and the sharp swings in DPO across quarters suggest timing rather than structural efficiency.
Misapplied P/E in a Cyclical Cement Business
Trailing P/E is most commonly misapplied to CPAC, because cement earnings track construction cycles and the 25.8x trailing figure captures a trough-to-recovery distortion rather than normalized earning power.
Applying a trailing P/E to a capital-intensive cement producer with volatile quarterly net income can mislead investors into treating a cyclical trough as a premium multiple. EV/EBITDA on normalized through-cycle EBITDA, or price-to-tangible-book cross-checked against ROIC, would better reflect the economics; the peer set's divergent ROE and ROIC profiles reinforce that caution.