ARCAY (Arcadis NV) Cyclically Adjusted PB Ratio: 2.75 (As of Jul. 12, 2026) — 23% Below Median


ARCAY Arcadis NV ARCAY
74 GF Score
Price $38.00
GF Value $54.71
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Arcadis NV Cyclically Adjusted PB Ratio?

Arcadis NV ARCAY -6.63% 74 Cyclically Adjusted PB Ratio is 2.75 as of Jul. 12, 2026, which is 23% below its 10-year median of 3.56. GuruFocus rates ARCAY with a GF Score™ of 74/100 and a GF Value™ of $54.71 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,359 Construction companies, Arcadis NV ranks worse than 77.63% on this metric.

As of today (2026-07-12), Arcadis NV's current share price is $38.00. Arcadis NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $13.84. Arcadis NV's Cyclically Adjusted PB Ratio for today is 2.75.

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

ARCAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.2   Med: 3.56   Max: 5.19
Current: 2.88

During the past years, Arcadis NV's highest Cyclically Adjusted PB Ratio was 5.19. The lowest was 2.20. And the median was 3.56.

ARCAY's Cyclically Adjusted PB Ratio is ranked worse than
77.63% of 1359 companies
in the Construction industry
Industry Median: 1.19 vs ARCAY: 2.88

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.

Arcadis NV's adjusted book value per share data for the three months ended in Dec. 2025 was $14.085. 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 $13.84 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcadis NV  (OTCPK:ARCAY) 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.


Arcadis NV Cyclically Adjusted PB Ratio Related Terms


Arcadis NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arcadis NV'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.

Arcadis NV Cyclically Adjusted PB Ratio Chart

Arcadis NV 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 4.69 3.57 4.52 5.18 2.96

Arcadis NV Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 0.00 5.18 3.53 0.00 2.96

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

For the Engineering & Construction subindustry, Arcadis NV'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.


Arcadis NV Cyclically Adjusted PB Ratio vs Construction Industry

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

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


ARCAY
74GF Score
Arcadis NV ARCAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arcadis NV 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.

Arcadis NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.00/13.84
=2.75

* 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.

Arcadis NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Arcadis NV's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=14.085/135.2700*135.2700
=14.085

Current CPI (Dec. 2025) = 135.2700.

Arcadis NV Quarterly Data

Book Value per Share CPI Adj_Book
201009 7.030 92.050 10.331
201012 7.646 91.820 11.264
201103 8.276 93.460 11.978
201106 8.149 93.570 11.781
201109 7.341 94.530 10.505
201112 8.403 94.040 12.087
201203 8.525 95.780 12.040
201206 8.398 95.570 11.887
201209 8.983 96.720 12.563
201212 9.545 96.760 13.344
201303 9.829 98.580 13.487
201306 9.469 98.320 13.028
201309 9.893 99.080 13.507
201312 10.822 98.360 14.883
201406 10.871 99.240 14.818
201412 13.036 99.050 17.803
201506 12.709 100.230 17.152
201512 12.814 99.730 17.380
201606 12.895 100.260 17.398
201612 12.084 100.710 16.231
201706 12.299 101.370 16.412
201712 13.013 101.970 17.263
201806 13.271 103.100 17.412
201812 11.878 103.970 15.454
201906 12.208 105.840 15.603
201912 11.502 106.800 14.568
202006 12.211 107.510 15.364
202012 11.712 107.850 14.690
202106 12.665 109.670 15.621
202112 12.984 114.010 15.405
202206 12.317 119.050 13.995
202212 11.770 124.940 12.743
202306 12.741 125.830 13.697
202312 12.884 126.450 13.783
202406 13.569 129.910 14.129
202409 0.000 131.610 0.000
202412 14.440 131.630 14.839
202506 13.925 133.960 14.061
202509 0.000 135.920 0.000
202512 14.085 135.270 14.085

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 2.75 mean?
Arcadis NV (ARCAY) has a Cyclically Adjusted PB Ratio of 2.75 as of Jul. 12, 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 Arcadis NV and its competitors. This is 23% below median its historical median of 3.56. Over the past decade, Arcadis NV's Cyclically Adjusted PB Ratio has ranged from 2.20 to 5.19. According to the industry distribution chart, Arcadis NV ranks #1055 out of 1359 companies in the Construction industry, placing it in the top 77.6%.
Is Arcadis NV's Cyclically Adjusted PB Ratio too high?
Arcadis NV's current Cyclically Adjusted PB Ratio of 2.75 is 23% below median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 5.19. The Construction industry median Cyclically Adjusted PB Ratio is 1.19. Arcadis NV's value of 2.75 is 131.1% above this industry median. Based on the distribution chart, Arcadis NV ranks #1055 out of 1359 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Arcadis NV has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arcadis NV's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Arcadis NV ranks #1055 out of 1359 companies for Cyclically Adjusted PB Ratio. This places Arcadis NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Arcadis NV's value of 2.75 is 131.1% above this benchmark. Historically, Arcadis NV's own Cyclically Adjusted PB Ratio has ranged from 2.20 to 5.19 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 1.19, Arcadis NV 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 1.19, based on 1,359 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. Arcadis NV's current Cyclically Adjusted PB Ratio of 2.75 is 131.1% 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 Arcadis NV and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcadis NV's current Cyclically Adjusted PB Ratio is 2.75, which is 23% below median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcadis NV stock overvalued right now?
Based on GuruFocus' analysis, Arcadis NV (ARCAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $54.71, compared to a current price of $38.00 — trading 30.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 23% below median its 10-year median of 3.56 and 131.1% above the Construction industry median of 1.19. Arcadis NV's overall GF Score™ is 74/100 with 4 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 Arcadis NV (ARCAY), the current Cyclically Adjusted PB Ratio is 2.75 as of Jul. 12, 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 Arcadis NV (ARCAY) Overvalued in 2026?

Based on GuruFocus' analysis, Arcadis NV stock appears to be undervalued. The current stock price of $38.00 is trading 30.5% below its estimated GF Value™ of $54.71. GuruFocus considers Arcadis NV to be Significantly Undervalued.

Key valuation signals for ARCAY:

  • Cyclically Adjusted PB Ratio: 2.75 (23% below median its 10-year median of 3.56)
  • GF Value™: $54.71 vs. price of $38.00 (30.5% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 131.1% above the Construction median (#1055 of 1359)

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


Arcadis NV Business Description

Address Parnassusweg 793, P.O. Box 7895, Amsterdam, NH, NLD, 1082 MS
Arcadis NV designs, engineers, and provides solutions for various construction and environmental projects. It constructs advanced buildings, plants, and transportation networks, and delivers management services for each project. Planning and cost management solutions help customers meet economic objectives and address potential operational or regulatory liabilities. Arcadis operates four business lines: infrastructure, water, environment, and buildings. It designs drinking water supply systems and treatment technologies for waste water. The segments of the company are Places, Mobility, Resilience and Intelligence. The company derives maximum revenue from Resilience segment.
74GF Score

Get the complete analysis for ARCAY

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

$38.00
Price
$54.71
GF Value