ACSAY (ACS Actividades de Construccion y Servicios) Cyclically Adjusted PB Ratio: 6.65 (As of Jul. 07, 2026) — 157% Above Median


ACSAY ACS Actividades de Construccion y Servicios SA ACSAY
76 GF Score
Price $28.08
GF Value $16.27
Valuation Significantly Overvalued
! 8 Warning Signs
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What is ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio?

ACS Actividades de Construccion y Servicios ACSAY -3.27% 76 Cyclically Adjusted PB Ratio is 6.65 as of Jul. 07, 2026, which is 157% above its 10-year median of 2.59. GuruFocus rates ACSAY with a GF Score™ of 76/100 and a GF Value™ of $16.27 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,358 Construction companies, ACS Actividades de Construccion y Servicios ranks worse than 92.19% on this metric.

As of today (2026-07-07), ACS Actividades de Construccion y Servicios's current share price is $28.08. ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.22. ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio for today is 6.65.

The historical rank and industry rank for ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio or its related term are showing as below:

ACSAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.59   Max: 7.76
Current: 7.04

During the past years, ACS Actividades de Construccion y Servicios's highest Cyclically Adjusted PB Ratio was 7.76. The lowest was 1.11. And the median was 2.59.

ACSAY's Cyclically Adjusted PB Ratio is ranked worse than
92.19% of 1358 companies
in the Construction industry
Industry Median: 1.2 vs ACSAY: 7.04

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.

ACS Actividades de Construccion y Servicios's adjusted book value per share data for the three months ended in Mar. 2026 was $4.336. 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 $4.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACS Actividades de Construccion y Servicios  (OTCPK:ACSAY) 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.


ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio Related Terms


ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ACS Actividades de Construccion y Servicios'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.

ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio Chart

ACS Actividades de Construccion y Servicios Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 1.87 2.58 2.92 4.89

ACS Actividades de Construccion y Servicios Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.15 3.47 3.99 4.89 5.93

ACSAY vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, ACS Actividades de Construccion y Servicios'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.


ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio falls into.


ACSAY
76GF Score
ACS Actividades de Construccion y Servicios SA ACSAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ACS Actividades de Construccion y Servicios 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.

ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.08/4.22
=6.65

* 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.

ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ACS Actividades de Construccion y Servicios's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.336/129.8600*129.8600
=4.336

Current CPI (Mar. 2026) = 129.8600.

ACS Actividades de Construccion y Servicios Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.319 100.333 3.001
201609 2.420 99.737 3.151
201612 2.433 101.842 3.102
201703 2.686 100.896 3.457
201706 2.654 101.848 3.384
201709 2.909 101.524 3.721
201712 1.601 102.975 2.019
201803 2.042 102.122 2.597
201806 1.695 104.165 2.113
201809 1.975 103.818 2.470
201812 3.210 104.193 4.001
201903 3.276 103.488 4.111
201906 2.972 104.612 3.689
201909 3.156 103.905 3.944
201912 3.239 105.015 4.005
202003 2.988 103.469 3.750
202006 2.766 104.254 3.445
202009 2.967 103.521 3.722
202012 3.021 104.456 3.756
202103 3.115 104.857 3.858
202106 2.992 107.102 3.628
202109 2.823 107.669 3.405
202112 5.191 111.298 6.057
202203 5.234 115.153 5.902
202206 4.756 118.044 5.232
202209 4.365 117.221 4.836
202212 4.551 117.650 5.023
202303 4.548 118.948 4.965
202306 4.434 120.278 4.787
202309 4.117 121.343 4.406
202312 4.460 121.300 4.775
202403 4.312 122.762 4.561
202406 3.968 124.409 4.142
202409 3.799 123.121 4.007
202412 3.875 124.753 4.034
202503 3.719 125.531 3.847
202506 3.781 127.251 3.859
202509 4.214 126.840 4.314
202512 4.342 128.400 4.391
202603 4.336 129.860 4.336

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.

What does a Cyclically Adjusted PB Ratio of 6.65 mean?
ACS Actividades de Construccion y Servicios (ACSAY) has a Cyclically Adjusted PB Ratio of 6.65 as of Jul. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ACS Actividades de Construccion y Servicios and its competitors. This is 157% above median its historical median of 2.59. Over the past decade, ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio has ranged from 1.11 to 7.76. According to the industry distribution chart, ACS Actividades de Construccion y Servicios ranks #1252 out of 1358 companies in the Construction industry, placing it in the top 92.2%.
Is ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio too high?
ACS Actividades de Construccion y Servicios' current Cyclically Adjusted PB Ratio of 6.65 is 157% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 7.76. The Construction industry median Cyclically Adjusted PB Ratio is 1.20. ACS Actividades de Construccion y Servicios' value of 6.65 is 454.2% above this industry median. Based on the distribution chart, ACS Actividades de Construccion y Servicios ranks #1252 out of 1358 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, ACS Actividades de Construccion y Servicios has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, ACS Actividades de Construccion y Servicios ranks #1252 out of 1358 companies for Cyclically Adjusted PB Ratio. This places ACS Actividades de Construccion y Servicios in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. ACS Actividades de Construccion y Servicios' value of 6.65 is 454.2% above this benchmark. Historically, ACS Actividades de Construccion y Servicios' own Cyclically Adjusted PB Ratio has ranged from 1.11 to 7.76 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.20, ACS Actividades de Construccion y Servicios has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.20, based on 1,358 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ACS Actividades de Construccion y Servicios's current Cyclically Adjusted PB Ratio of 6.65 is 454.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ACS Actividades de Construccion y Servicios and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACS Actividades de Construccion y Servicios's current Cyclically Adjusted PB Ratio is 6.65, which is 157% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACS Actividades de Construccion y Servicios stock overvalued right now?
Based on GuruFocus' analysis, ACS Actividades de Construccion y Servicios (ACSAY) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.27, compared to a current price of $28.08 — trading 72.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.65, which is 157% above median its 10-year median of 2.59 and 454.2% above the Construction industry median of 1.20. ACS Actividades de Construccion y Servicios' overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ACS Actividades de Construccion y Servicios (ACSAY), the current Cyclically Adjusted PB Ratio is 6.65 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ACS Actividades de Construccion y Servicios (ACSAY) Overvalued in 2026?

Based on GuruFocus' analysis, ACS Actividades de Construccion y Servicios stock appears to be overvalued. The current stock price of $28.08 is trading 72.6% above its estimated GF Value™ of $16.27. GuruFocus considers ACS Actividades de Construccion y Servicios to be Significantly Overvalued.

Key valuation signals for ACSAY:

  • Cyclically Adjusted PB Ratio: 6.65 (157% above median its 10-year median of 2.59)
  • GF Value™: $16.27 vs. price of $28.08 (72.6% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 454.2% above the Construction median (#1252 of 1358)

No single metric tells the full story. See the ACSAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ACS Actividades de Construccion y Servicios Business Description

Address 102, Avenida Pio XII, Madrid, ESP, 28036
ACS Actividades de Construccion y Servicios SA completes construction and service activities for infrastructure and energy projects. In addition to infrastructure-related developments, the company constructs buildings and projects related to the mining sector. It has four operating segments: construction (majority of total revenue), Concessions, Services (which offers comprehensive maintenance services for buildings, public places and organisations) and corporate. Its services revolve around industrial engineering and operating energy, industrial, and mobility infrastructures. Additional sales are generated from aftermarket services and contracts to perform upkeep on existing structures. Approximately half of total revenue derives from the Americas.
76GF Score

Get the complete analysis for ACSAY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$28.08
Price
$16.27
GF Value