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ACS Actividades de Construccion y Servicios (CHIX:ACSE) Cyclically Adjusted PB Ratio : 2.80 (As of May. 28, 2024)


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What is ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio?

As of today (2024-05-28), ACS Actividades de Construccion y Servicios's current share price is €41.60. ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was €14.88. ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio for today is 2.80.

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:

CHIX:ACSe' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.47   Max: 3.82
Current: 2.71

During the past years, ACS Actividades de Construccion y Servicios's highest Cyclically Adjusted PB Ratio was 3.82. The lowest was 1.22. And the median was 2.47.

CHIX:ACSe's Cyclically Adjusted PB Ratio is ranked worse than
79.93% of 1216 companies
in the Construction industry
Industry Median: 1.11 vs CHIX:ACSe: 2.71

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 Jun. 2023 was €20.462. 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 €14.88 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

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.

* Premium members only.

ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio Chart

ACS Actividades de Construccion y Servicios Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.18 3.25 2.46 1.92 1.87

ACS Actividades de Construccion y Servicios Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24
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 1.66 1.87 2.00 2.14 -

Competitive Comparison of ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=41.60/14.88
=2.80

* 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 Jun. 2023 is calculated as:

For example, ACS Actividades de Construccion y Servicios's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=20.462/120.2784*120.2784
=20.462

Current CPI (Jun. 2023) = 120.2784.

ACS Actividades de Construccion y Servicios Quarterly Data

Book Value per Share CPI Adj_Book
201309 10.437 100.597 12.479
201312 10.478 101.306 12.440
201403 11.053 100.139 13.276
201406 10.157 101.081 12.086
201409 10.506 100.441 12.581
201412 9.857 100.251 11.826
201503 11.740 99.474 14.195
201506 11.409 101.138 13.568
201509 11.657 99.559 14.083
201512 11.225 100.268 13.465
201603 10.252 98.638 12.501
201606 10.321 100.333 12.373
201609 10.780 99.737 13.000
201612 11.531 101.842 13.618
201703 12.556 100.896 14.968
201706 11.809 101.848 13.946
201709 12.204 101.524 14.458
201712 6.764 102.975 7.901
201803 8.280 102.122 9.752
201806 7.255 104.165 8.377
201809 8.464 103.818 9.806
201812 14.109 104.193 16.287
201903 14.496 103.488 16.848
201906 13.150 104.612 15.119
201909 14.328 103.905 16.586
201912 14.578 105.015 16.697
202003 13.519 103.469 15.715
202006 12.283 104.254 14.171
202009 12.593 103.521 14.632
202012 12.418 104.456 14.299
202103 13.083 104.857 15.007
202106 12.415 107.102 13.942
202109 11.997 107.669 13.402
202112 22.968 111.298 24.821
202203 23.761 115.153 24.819
202206 22.497 118.044 22.923
202209 22.043 117.221 22.618
202212 21.480 117.650 21.960
202303 21.241 118.948 21.479
202306 20.462 120.278 20.462

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.


ACS Actividades de Construccion y Servicios  (CHIX:ACSe) 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

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


ACS Actividades de Construccion y Servicios (CHIX:ACSE) Business Description

Address
Avenida Pío XII n 102, 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.

ACS Actividades de Construccion y Servicios (CHIX:ACSE) Headlines

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