Ferrovial NV (CHIX:FERE) Cyclically Adjusted PB Ratio: (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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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.

CHIX:FERE Ferrovial NV CHIX:FERE
79 GF Score
Price €56.02
GF Value €45.38
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Ferrovial NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrovial NV  (CHIX:FERe) 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.


Ferrovial NV Cyclically Adjusted PB Ratio Related Terms


Ferrovial NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ferrovial 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.

Ferrovial NV Cyclically Adjusted PB Ratio Chart

Ferrovial 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 0.00 0.00 4.21 5.10 7.14

Ferrovial NV Quarterly Data
Mar21 Jun21 Sep21 Dec21 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 0.00 5.90 0.00 7.14 0.00

CHIX:FERE vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ferrovial 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.


Ferrovial NV Cyclically Adjusted PB Ratio vs Construction Industry

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

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


CHIX:FERE
79GF Score
Ferrovial NV CHIX:FERE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ferrovial 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.

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

For example, Ferrovial NV'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)
=0/136.9100*136.9100
=0.000

Current CPI (Mar. 2026) = 136.9100.

Ferrovial NV Quarterly Data

Book Value per Share CPI Adj_Book
201603 8.303 100.310 11.333
201606 7.995 100.260 10.918
201609 7.589 100.570 10.331
201612 7.670 100.710 10.427
201703 7.618 101.440 10.282
201706 7.202 101.370 9.727
201709 7.033 102.030 9.437
201712 7.537 101.970 10.120
201803 7.166 102.470 9.574
201806 7.203 103.100 9.565
201809 7.364 103.950 9.699
201812 6.197 103.970 8.160
201903 6.068 105.370 7.884
201906 5.883 105.840 7.610
201909 5.642 106.700 7.239
201912 5.880 106.800 7.538
202003 5.543 106.850 7.102
202006 5.022 107.510 6.395
202009 4.563 107.880 5.791
202012 4.302 107.850 5.461
202103 4.388 108.870 5.518
202106 4.159 109.670 5.192
202109 4.181 110.790 5.167
202112 5.544 114.010 6.658
202206 5.600 119.050 6.440
202209 5.614 126.890 6.057
202212 5.663 124.940 6.206
202303 0.000 124.720 0.000
202306 5.091 125.830 5.539
202309 5.056 127.160 5.444
202312 5.116 126.450 5.539
202403 0.000 128.580 0.000
202406 5.167 129.910 5.445
202409 0.000 131.610 0.000
202412 8.416 131.630 8.754
202503 0.000 133.330 0.000
202506 8.198 133.960 8.379
202509 0.000 135.920 0.000
202512 8.198 135.270 8.297
202603 0.000 136.910 0.000

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 Ferrovial NV (CHIX:FERE) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrovial NV stock appears to be overvalued. The current stock price of €56.02 is trading 23.4% above its estimated GF Value™ of €45.38. GuruFocus considers Ferrovial NV to be Modestly Overvalued.

Key valuation signals for CHIX:FERE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €45.38 vs. price of €56.02 (23.4% above fair value)
  • GF Score™: 79/100 with 3 warning signs

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


Ferrovial NV Business Description

Address Gustav Mahlerplein 61-63, Symphony Towers, 14th Floor, Amsterdam, NH, NLD, 1082 MS
Ferrovial is a global transportation infrastructure investor, developer, and operator, with a strong presence in North American toll roads. In recent years, it shifted its portfolio toward North America and India, and lowered its exposure to Europe (including selling its stake in Heathrow Airport). The jewels in its crown include its stake in the 99-year lease to operate the Highway 407 ETR toll road in Toronto and its concession to develop and operate New Terminal One at JFK until 2060.
79GF Score

Get the complete analysis for CHIX:FERE

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

€56.02
Price
€45.38
GF Value