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AECOM (ACM) Cyclically Adjusted PB Ratio : 3.59 (As of Apr. 27, 2024)


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What is AECOM Cyclically Adjusted PB Ratio?

As of today (2024-04-27), AECOM's current share price is $94.05. AECOM's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $26.17. AECOM's Cyclically Adjusted PB Ratio for today is 3.59.

The historical rank and industry rank for AECOM's Cyclically Adjusted PB Ratio or its related term are showing as below:

ACM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.86   Max: 3.75
Current: 3.58

During the past years, AECOM's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 1.06. And the median was 1.86.

ACM's Cyclically Adjusted PB Ratio is ranked worse than
86.82% of 1146 companies
in the Construction industry
Industry Median: 1.11 vs ACM: 3.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

AECOM's adjusted book value per share data for the three months ended in Dec. 2023 was $16.522. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $26.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AECOM Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AECOM's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AECOM Cyclically Adjusted PB Ratio Chart

AECOM Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.70 2.49 2.58 3.13

AECOM Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.23 3.18 3.18 3.13 3.53

Competitive Comparison of AECOM's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, AECOM's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AECOM's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, AECOM's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where AECOM's Cyclically Adjusted PB Ratio falls into.



AECOM Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

AECOM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=94.05/26.17
=3.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AECOM's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AECOM's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=16.522/129.4194*129.4194
=16.522

Current CPI (Dec. 2023) = 129.4194.

AECOM Quarterly Data

Book Value per Share CPI Adj_Book
201403 21.831 99.695 28.340
201406 22.794 100.560 29.336
201409 22.608 100.428 29.135
201412 23.711 99.070 30.975
201503 22.859 99.621 29.697
201506 23.054 100.684 29.634
201509 22.528 100.392 29.042
201512 21.742 99.792 28.197
201603 22.617 100.470 29.134
201606 23.134 101.688 29.443
201609 21.877 101.861 27.796
201612 21.776 101.863 27.667
201703 22.789 102.862 28.673
201706 23.776 103.349 29.774
201709 25.368 104.136 31.527
201712 25.792 104.011 32.093
201803 25.217 105.290 30.996
201806 25.376 106.317 30.890
201809 26.071 106.507 31.680
201812 25.979 105.998 31.719
201903 26.694 107.251 32.212
201906 27.293 108.070 32.685
201909 23.435 108.329 27.997
201912 23.219 108.420 27.716
202003 22.224 108.902 26.411
202006 23.374 108.767 27.812
202009 20.966 109.815 24.709
202012 19.574 109.897 23.051
202103 19.236 111.754 22.277
202106 18.692 114.631 21.103
202109 18.946 115.734 21.186
202112 17.764 117.630 19.544
202203 17.986 121.301 19.190
202206 17.560 125.017 18.178
202209 17.826 125.227 18.423
202212 18.392 125.222 19.009
202303 18.701 127.348 19.005
202306 17.724 128.729 17.819
202309 16.242 129.860 16.187
202312 16.522 129.419 16.522

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AECOM  (NYSE:ACM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


AECOM Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of AECOM's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AECOM (ACM) Business Description

Industry
Traded in Other Exchanges
Address
13355 Noel Road, Suite 400, Dallas, TX, USA, 75240
Aecom is one of the largest global providers of design, engineering, construction, and management services. It serves a broad spectrum of end markets including infrastructure, water, transportation, and energy. Based in Los Angeles, Aecom has a presence in over 150 countries and employs 51,000. The company generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.
Executives
Troy Rudd officer: EVP, CFO C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90064
Lara Poloni officer: Chief Executive, EMIA C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Douglas Stotlar director C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Daniel R. Tishman director, officer: Vice Chairman 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Todd Battley officer: Chief Strategy Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Van 't Noordende Alexander M director C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Diane C Creel director 249 BAY SHORE AVENUE, N/A, LONG BEACH CA 90803
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Shirley A Adams officer: Chief Human Resources Officer C/O AECOM, 300 SOUTH GRAND AVENUE, 9TH FLOOR, LOS ANGELES CA 90071
Brad W Buss director 198 CHAMPION COURT, SAN JOSE CA 95134
Chuan-sheng Chiao officer: President, Asia Pacific C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
David Y. Gan officer: Chief Legal Officer C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
John C. Vollmer officer: Group President, MS C/O AECOM, 1999 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Jacqueline C. Hinman director 9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112