BDMXF (Budimex) Cyclically Adjusted PB Ratio: 14.55 (As of Jul. 22, 2026) — 63% Above Median

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BDMXF Budimex SA BDMXF
69 GF Score
Price $192.82
GF Value $156.61
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Budimex Cyclically Adjusted PB Ratio?

Budimex BDMXF 69 Cyclically Adjusted PB Ratio is 14.55 as of Jul. 22, 2026, which is 63% above its 10-year median of 8.90. GuruFocus rates BDMXF with a GF Score™ of 69/100 and a GF Value™ of $156.61 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,363 Construction companies, Budimex ranks worse than 96.85% on this metric.

As of today (2026-07-22), Budimex's current share price is $192.82. Budimex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $13.25. Budimex's Cyclically Adjusted PB Ratio for today is 14.55.

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

BDMXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.12   Med: 8.9   Max: 17.62
Current: 14.1

During the past years, Budimex's highest Cyclically Adjusted PB Ratio was 17.62. The lowest was 4.12. And the median was 8.90.

BDMXF's Cyclically Adjusted PB Ratio is ranked worse than
96.85% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs BDMXF: 14.10

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.

Budimex's adjusted book value per share data for the three months ended in Mar. 2026 was $14.712. 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 $13.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Budimex  (OTCPK:BDMXF) 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.


Budimex Cyclically Adjusted PB Ratio Related Terms


Budimex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Budimex'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.

Budimex Cyclically Adjusted PB Ratio Chart

Budimex 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 7.22 7.26 14.25 9.78 12.76

Budimex 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 11.56 11.33 10.28 12.76 12.75

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

For the Engineering & Construction subindustry, Budimex'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.


Budimex Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BDMXF
69GF Score
Budimex SA BDMXF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Budimex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=192.82/13.25
=14.55

* 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.

Budimex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Budimex'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)
=14.712/163.0700*163.0700
=14.712

Current CPI (Mar. 2026) = 163.0700.

Budimex Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.543 99.552 9.080
201609 6.624 99.064 10.904
201612 8.267 100.366 13.432
201703 9.148 101.018 14.767
201706 6.331 101.180 10.204
201709 7.803 101.343 12.556
201712 9.093 102.564 14.457
201803 9.755 102.564 15.510
201806 5.793 103.378 9.138
201809 6.850 103.378 10.805
201812 7.668 103.785 12.048
201903 7.964 104.274 12.455
201906 6.754 105.983 10.392
201909 7.431 105.983 11.434
201912 8.337 107.123 12.691
202003 8.582 109.076 12.830
202006 8.281 109.402 12.343
202009 9.790 109.320 14.603
202012 11.857 109.565 17.647
202103 11.237 112.658 16.265
202106 14.867 113.960 21.274
202109 11.983 115.588 16.905
202112 13.610 119.088 18.636
202203 14.195 125.031 18.514
202206 9.511 131.705 11.776
202209 11.139 135.531 13.402
202212 12.982 139.113 15.218
202303 14.077 145.950 15.728
202306 11.046 147.009 12.253
202309 12.884 146.113 14.379
202312 15.792 147.741 17.431
202403 17.015 149.044 18.616
202406 9.240 150.997 9.979
202409 10.988 153.439 11.678
202412 12.713 154.660 13.404
202503 13.879 157.021 14.414
202506 8.801 157.509 9.112
202509 10.611 158.000 10.951
202512 13.783 158.320 14.197
202603 14.712 163.070 14.712

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 14.55 mean?
Budimex (BDMXF) has a Cyclically Adjusted PB Ratio of 14.55 as of Jul. 22, 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 Budimex and its competitors. This is 63% above median its historical median of 8.90. Over the past decade, Budimex's Cyclically Adjusted PB Ratio has ranged from 4.12 to 17.62. According to the industry distribution chart, Budimex ranks #1320 out of 1363 companies in the Construction industry, placing it in the top 96.8%.
Is Budimex's Cyclically Adjusted PB Ratio too high?
Budimex's current Cyclically Adjusted PB Ratio of 14.55 is 63% above median its 10-year median of 8.90. Over the past 10 years, this metric has ranged from a low of 4.12 to a high of 17.62. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Budimex's value of 14.55 is 1143.6% above this industry median. Based on the distribution chart, Budimex ranks #1320 out of 1363 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Budimex has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Budimex's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Budimex ranks #1320 out of 1363 companies for Cyclically Adjusted PB Ratio. This places Budimex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Budimex's value of 14.55 is 1143.6% above this benchmark. Historically, Budimex's own Cyclically Adjusted PB Ratio has ranged from 4.12 to 17.62 over the past decade. While the company's 10-year median is 8.90 vs. the industry median of 1.17, Budimex 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 1.17, based on 1,363 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. Budimex's current Cyclically Adjusted PB Ratio of 14.55 is 1143.6% 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 Budimex and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budimex's current Cyclically Adjusted PB Ratio is 14.55, which is 63% above median its own 10-year median of 8.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budimex stock overvalued right now?
Based on GuruFocus' analysis, Budimex (BDMXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $156.61, compared to a current price of $192.82 — trading 23.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.55, which is 63% above median its 10-year median of 8.90 and 1143.6% above the Construction industry median of 1.17. Budimex's overall GF Score™ is 69/100 with 7 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 Budimex (BDMXF), the current Cyclically Adjusted PB Ratio is 14.55 as of Jul. 22, 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 Budimex (BDMXF) Overvalued in 2026?

Based on GuruFocus' analysis, Budimex stock appears to be overvalued. The current stock price of $192.82 is trading 23.1% above its estimated GF Value™ of $156.61. GuruFocus considers Budimex to be Modestly Overvalued.

Key valuation signals for BDMXF:

  • Cyclically Adjusted PB Ratio: 14.55 (63% above median its 10-year median of 8.90)
  • GF Value™: $156.61 vs. price of $192.82 (23.1% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 1143.6% above the Construction median (#1320 of 1363)

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


Budimex Business Description

Other Exchanges BDX:PolandFBF:Germany
Address Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to coordinate resources and construct complex structures. The company has two operating segments: Construction business and Service activities. The company generates a majority of its revenue from the Construction business segment, which covers the rendering of widely understood construction and assembly services at home and abroad. The segment of Service activities comprises comprehensive services in the field of municipal waste management, comprehensive road and lighting infrastructure maintenance, and technical operation (maintenance) of buildings. Geographically, the company generates maximum revenue from Poland, followed by Germany, Slovakia, Czechia, Latvia, and other EU countries.
69GF Score

Get the complete analysis for BDMXF

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

$192.82
Price
$156.61
GF Value