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STOCK COMPARISON

Martin Marietta Materials vs UltraTech Cement: Fair Value & Quality

Both stocks run through our valuation models. Here is how Martin Marietta Materials (MLM) and UltraTech Cement (ULTRACEMCO) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees UltraTech Cement as the less overvalued of the two: Martin Marietta Materials trades at $545 versus a fair value of $215 (-60%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).
Martin Marietta Materials
MLM · USD · Materials
-60%
upside to fair value
overvalued
Price$545
Fair Value$215
Quality56/100
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).

Martin Marietta MaterialsUltraTech Cement
Valuation
35.2×P/E (TTM)42.2×
5.32×P/S (TTM)3.89×
3.37×P/B4.50×
18.5×EV/EBITDA21.0×
2.74×PEG1.22×
0.6%Dividend yield
$3.28Dividend per share
Profitability
40%Net margin9%
13%Operating margin17%
9%Return on equity11%
5%Return on assets6%
Growth
17%Revenue growth (YoY)3%
2.0%Avg. growth/yr (3Y)11.9%
6.7%Avg. growth/yr (5Y)14.6%
Balance & size
0.53×Debt / equity0.20×
$34BMarket cap$36B
healthyGrowth qualitymixed

UltraTech Cement leads: 5 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.

Martin Marietta Materialsof which business quality 57 · market factors 35 UltraTech Cementof which business quality 54 · market factors 52
ProfitabilityMargins and returns on capital today
41
46
Quality GrowthAre margins and returns improving?
25
60
CashflowEarnings quality: real cash, not paper profit
66
42
Fin. StrengthBalance sheet, leverage, solvency risk
63
64
InvestmentDisciplined investing over empire-building
48
37
Low VolatilityCalm price path (market factor)
63
91
MomentumPrice trend over the last 3–12 months (market factor)
28
35
52W MomentumDistance to the 52-week high (market factor)
16
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.

Martin Marietta Materials

DCF Models$218
Earnings-Based$143
Dividend Discount$56.90
Multiples$270
Asset-Based$112
Growth DCF$161
Economic Profit$162
Growth Earnings$299

26 of 26 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.

Martin Marietta Materials
Bear $150Fair Value $215Bull $353
$545 = current price (white tick)
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.

Martin Marietta Materials · Materials

Quality score56 · above median
Fair value upside-60% · bottom 25%

UltraTech Cement · Materials

Quality score55 · above median
Fair value upside-59% · bottom 25%

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees UltraTech Cement as the less overvalued of the two: Martin Marietta Materials trades at $545 versus a fair value of $215 (-60%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).

Martin Marietta Materials has the higher quality score (56/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.