Both stocks run through our valuation models. Here is how Holcim (HOLN) and UltraTech Cement (ULTRACEMCO) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Holcim as the less overvalued of the two: Holcim trades at CHF 71.64 versus a fair value of CHF 40.00 (-44%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).
Holcim
HOLN.SW · CHF · Materials
-44%
upside to fair value
overvalued
PriceCHF 71.64
Fair ValueCHF 40.00
Quality61/100
UltraTech Cement
ULTRACEMCO.NSE · INR · Materials
-59%
upside to fair value
overvalued
Price₹11,619
Fair Value₹4,718
Quality55/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
HolcimUltraTech Cement
Valuation
105.9×P/E (TTM)42.2×
—P/S (TTM)3.89×
—P/B4.50×
—EV/EBITDA21.0×
0.43×PEG1.22×
2.3%Dividend yield—
CHF 1.70Dividend per share—
Profitability
84%Net margin9%
12%Operating margin17%
2%Return on equity11%
3%Return on assets6%
Growth
-4%Revenue growth (YoY)3%
-18.6%Avg. growth/yr (3Y)11.9%
-7.4%Avg. growth/yr (5Y)14.6%
Balance & size
0.48×Debt / equity0.20×
$50BMarket cap$36B
weakGrowth qualitymixed
UltraTech Cement leads: 2 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Holcimof which business quality 59 · market factors 57UltraTech Cementof which business quality 54 · market factors 52
ProfitabilityMargins and returns on capital today
26
46
Quality GrowthAre margins and returns improving?
28
60
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
91
37
Low VolatilityCalm price path (market factor)
76
91
MomentumPrice trend over the last 3–12 months (market factor)
47
35
52W MomentumDistance to the 52-week high (market factor)
51
37
Net IssuanceBuybacks instead of dilution
96
73
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Holcim
DCF ModelsCHF 36.32
Earnings-BasedCHF 22.12
Dividend DiscountCHF 33.42
MultiplesCHF 25.51
Asset-BasedCHF 18.63
Growth DCFCHF 39.30
Economic ProfitCHF 29.59
Growth EarningsCHF 9.08
24 of 24 models see the stock below the current price.
UltraTech Cement
DCF Models₹4,856
Earnings-Based₹3,953
Dividend Discount₹1,476
Multiples₹4,719
Asset-Based₹1,745
Growth DCF₹4,014
Economic Profit₹3,582
Growth Earnings₹5,271
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
UltraTech Cement
Bear ₹2,402Fair Value ₹4,718Bull ₹5,899
₹11,619 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Holcim · Materials
Quality score61 · Top 25%
Fair value upside-44% · below median
UltraTech Cement · Materials
Quality score55 · above median
Fair value upside-59% · bottom 25%
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Holcim as the less overvalued of the two: Holcim trades at CHF 71.64 versus a fair value of CHF 40.00 (-44%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
