BOUYF (Bouygues) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOUYF Bouygues BOUYF
82 GF Score
Price $59.34
GF Value $43.70
! 6 Warning Signs
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What is Bouygues Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bouygues  (OTCPK:BOUYF) 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.


Bouygues Cyclically Adjusted PB Ratio Related Terms


Bouygues Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bouygues'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.

Bouygues Cyclically Adjusted PB Ratio Chart

Bouygues 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 1.21 1.01 1.17 0.95 1.44

Bouygues Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.26 1.25 1.44 1.58 0.00

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

For the Engineering & Construction subindustry, Bouygues'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.


Bouygues Cyclically Adjusted PB Ratio vs Construction Industry

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

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


BOUYF
82GF Score
Bouygues BOUYF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bouygues 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.

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

For example, Bouygues's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=37.16/123.8300*123.8300
=37.160

Current CPI (Jun. 2026) = 123.8300.

Bouygues Quarterly Data

Book Value per Share CPI Adj_Book
201609 24.345 100.340 30.044
201612 24.195 100.650 29.767
201703 24.495 101.170 29.981
201706 24.792 101.320 30.300
201709 27.719 101.330 33.874
201712 29.218 101.850 35.523
201803 30.238 102.750 36.442
201806 27.507 103.370 32.951
201809 28.681 103.560 34.295
201812 29.497 103.470 35.301
201903 29.115 103.890 34.703
201906 27.977 104.580 33.127
201909 29.086 104.500 34.466
201912 30.438 104.980 35.903
202003 29.533 104.590 34.966
202006 29.795 104.790 35.209
202009 30.579 104.550 36.218
202012 33.234 104.960 39.209
202103 32.789 105.750 38.395
202106 32.456 106.340 37.794
202109 32.851 106.810 38.086
202112 33.161 107.850 38.074
202203 32.950 110.490 36.928
202206 31.815 112.550 35.004
202209 31.531 112.740 34.633
202212 34.753 114.160 37.697
202303 34.652 116.790 36.741
202306 33.990 117.650 35.775
202309 34.433 118.260 36.055
202312 35.782 118.390 37.426
202403 35.218 119.470 36.503
202406 33.791 120.200 34.811
202409 35.972 119.560 37.257
202412 35.331 119.950 36.474
202503 35.755 120.380 36.780
202506 36.545 121.360 37.289
202509 38.615 120.950 39.534
202512 39.728 120.900 40.691
202603 39.112 122.420 39.562
202606 37.160 123.830 37.160

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.

Is Bouygues (BOUYF) Overvalued in 2026?

Based on GuruFocus' analysis, Bouygues stock appears to be overvalued. The current stock price of $59.34 is trading 35.8% above its estimated GF Value™ of $43.70.

Key valuation signals for BOUYF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $43.70 vs. price of $59.34 (35.8% above fair value)
  • GF Score™: 82/100 with 6 warning signs

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


Bouygues Business Description

Address 32 avenue Hoche, Paris, FRA, 75008
Bouygues is a family-controlled French conglomerate that comprises a disparate range of assets: construction businesses, a TV network, and a telecom network. It is one of the largest construction companies in France and Europe, with over EUR 46 billion in revenue across the four engineering, procurement, and construction businesses under its ownership, as well as one of the four telecom operators in France.
82GF Score

Get the complete analysis for BOUYF

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

$59.34
Price
$43.70
GF Value