Holcim decreases 1.9 per cent, P/E improves to four

Holcim decreases 1.9 per cent, P/E improves to four
Published: 23 December 2008

Holcim, Switzerland’s largest Construction company by market capitalisation, fell for a third day on Monday bringing its three-day fall to CHF3.10 or 5.1 per cent. The share price decreased CHF1.15 (or 1.9 per cent) to CHF58.25. Compared with the Swiss Market index SMI® Price index which fell 40.3 points (or 0.7 per cent) on the day, this represented a relative price change of -1.2 per cent. As a result of the price decline the Price/Earnings multiple based on trailing 12 months earnings has improved to four; the stock has a value percentile rank of 85.6 or rank of 23 out of 162 stocks with earnings.