CEMEX (CX) Stock Analysis

November 11, 2026

This is a peer-relative look at CEMEX (CX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

CEMEX (CX) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for CEMEX (CX)
Profile Item	CX
Name	Cemex S.A.B. de C.V. Sponsored ADR
Country/Region	Mexico
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Construction Materials
GICS Sub-Industry	Construction Materials
Market Capitalization	15.47 billion USD
Currency	USD
Exchange	NYSE
Listing Date	September 15, 1999
Security Type	ADR

Price Performance

Cumulative Growth

GSPC

CEMEX (CX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CEMEX (CX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CEMEX (CX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Total Return (1Y)	7.57%	19.59%
Total Return (3Y, Annualized)	17.84%	18.91%
Total Return (5Y, Annualized)	10.81%	5.70%

Risk Profile

Drawdown History

GSPC

CEMEX (CX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CEMEX (CX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Volatility (1Y, Annualized)	36.82%	52.82%
Beta (5Y)	1.57	0.97
Max Drawdown (5Y)	-53.08%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Sharpe Ratio (1Y)	0.09	0.32
Sortino Ratio (1Y)	0.14	0.47

Profitability

ROE (TTM)

CEMEX (CX) posts ROE of 5.17%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

CX

Materials industry group

5.17%

Group distribution

Max: 52.88%
Q3: 19.49%
Median: 8.76%
CX: 5.17%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
CX: 5.17%

Where CEMEX (CX) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

CEMEX (CX) keeps 3.60% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CX

Materials industry group

3.60%

Group distribution

Max: 38.66%
Q3: 15.98%
Median: 5.28%
CX: 3.60%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%
CX: 3.60%

Where CEMEX (CX) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

CEMEX (CX) turns 14.77% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CX

Materials industry group

14.77%

Group distribution

Max: 66.70%
Q3: 28.92%
CX: 14.77%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
CX: 14.77%

Where CEMEX (CX) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
ROE (TTM)	5.17%	8.76%
ROA (TTM)	5.07%	4.42%
Net Margin (TTM)	3.60%	5.28%
Operating Margin (TTM)	14.77%	12.56%
Gross Margin (TTM)	33.48%	27.57%

Growth

Revenue Growth

CEMEX (CX) grew revenue 0.43%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

CEMEX (CX): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

CEMEX (CX) grew earnings per share 2.35%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

CEMEX (CX): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Revenue Growth (YoY)	0.43%	8.36%
Revenue Growth (3Y CAGR)	3.13%	0.59%
EPS Growth (YoY)	2.35%	-1.73%
EPS Growth (3Y CAGR)	4.14%	2.12%

Financial Strength

Current Ratio (MRQ)

CEMEX (CX) has current ratio of 0.95, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

CX

Materials industry group

0.95

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
CX: 0.95
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
RIO: 1.42
CX: 0.95
LIN: 0.86

Where CEMEX (CX) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

CEMEX (CX) has debt-to-equity ratio of 0.46, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

CX

Materials industry group

0.46

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
CX: 0.46
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
CX: 0.46
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where CEMEX (CX) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Current Ratio (MRQ)	0.95	2.24
Debt / Equity (MRQ)	0.46	0.47
Net Debt / EBITDA	1.60	1.37

Dividends

Dividend Yield (TTM)

CEMEX (CX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

CX

Materials industry group

0.00%

Group distribution

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CX: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
CX: 0.00%

Where CEMEX (CX) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

CEMEX (CX) has payout ratio of 67.86%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

CX

Materials industry group

67.86%

Group distribution

Max: 83.62%
CX: 67.86%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
CX: 67.86%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%

Where CEMEX (CX) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
Dividend Yield (TTM)	0.00%	0.38%
Dividend Payout Ratio (TTM)	67.86%	9.54%

Valuation

P/E Ratio (TTM)

CEMEX (CX) trades at P/E ratio of 67.00, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.

CX

Materials industry group

67.00

Group distribution

CX: 67.00
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

CX: 67.00
LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where CEMEX (CX) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

CEMEX (CX) trades at 0.89 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

CX

Materials industry group

0.89

Group distribution

Max: 9.62
Q3: 4.34
Median: 1.87
CX: 0.89
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20
CX: 0.89

Where CEMEX (CX) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

CEMEX (CX) trades at 1.20 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.

CX

Materials industry group

1.20

Group distribution

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
CX: 1.20
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08
CX: 1.20

Where CEMEX (CX) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

CEMEX (CX) metric values compared with Materials industry-group medians
Metric	Current stock: CX	Industry group median
P/E Ratio (TTM)	67.00	18.82
P/S Ratio (TTM)	0.89	1.87
P/B Ratio (MRQ)	1.20	2.08
Free Cash Flow Yield (TTM)	8.86%	3.08%