ACC

Valuation metrics: P/E (TTM): 14× P/B: 1.8× Dividend yield: 0.42% ROE / ROCE: 13–14% / 17% (TTM) Valuation constraints: With P/E near 14×, the stock trades well below industry P/E (45×) but may already reflect most near-term upside.
‍ Macro uncertainty: Exposure to commodity and interest rate cycles, cyclical construction demand, and global trade tensions (e.g., U.S. tariff concerns) may add downside risk