Badger Infrastructure Solutions (FRA:6BD0) Cyclically Adjusted PB Ratio: 8.11 (As of Aug. 15, 2026) — 50% Above Median

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FRA:6BD0 Badger Infrastructure Solutions Ltd FRA:6BD0
89 GF Score
Price €54.00
GF Value €37.58
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Badger Infrastructure Solutions Cyclically Adjusted PB Ratio?

Badger Infrastructure Solutions FRA:6BD0 89 Cyclically Adjusted PB Ratio is 8.11 as of Aug. 15, 2026, which is 50% above its 10-year median of 5.39. GuruFocus rates FRA:6BD0 with a GF Score™ of 89/100 and a GF Value™ of €37.58 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,329 Construction companies, Badger Infrastructure Solutions ranks worse than 94.21% on this metric.

As of today (2026-08-15), Badger Infrastructure Solutions's current share price is €54.00. Badger Infrastructure Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €6.66. Badger Infrastructure Solutions's Cyclically Adjusted PB Ratio for today is 8.11.

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

FRA:6BD0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.82   Med: 5.39   Max: 9.05
Current: 8.17

During the past years, Badger Infrastructure Solutions's highest Cyclically Adjusted PB Ratio was 9.05. The lowest was 2.82. And the median was 5.39.

FRA:6BD0's Cyclically Adjusted PB Ratio is ranked worse than
94.21% of 1329 companies
in the Construction industry
Industry Median: 1.14 vs FRA:6BD0: 8.17

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.

Badger Infrastructure Solutions's adjusted book value per share data for the three months ended in Jun. 2026 was €8.056. 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 €6.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Badger Infrastructure Solutions  (FRA:6BD0) 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.


Badger Infrastructure Solutions Cyclically Adjusted PB Ratio Related Terms


Badger Infrastructure Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Badger Infrastructure Solutions'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.

Badger Infrastructure Solutions Cyclically Adjusted PB Ratio Chart

Badger Infrastructure Solutions 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 4.05 3.05 4.32 3.61 6.99

Badger Infrastructure Solutions 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 4.64 5.91 6.99 5.81 8.56

FRA:6BD0 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Badger Infrastructure Solutions'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.


Badger Infrastructure Solutions Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:6BD0
89GF Score
Badger Infrastructure Solutions Ltd FRA:6BD0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Badger Infrastructure Solutions 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.

Badger Infrastructure Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.00/6.66
=8.11

* 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.

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

For example, Badger Infrastructure Solutions'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)
=8.056/133.5265*133.5265
=8.056

Current CPI (Jun. 2026) = 133.5265.

Badger Infrastructure Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.972 101.765 6.524
201612 5.305 101.449 6.982
201703 5.256 102.634 6.838
201706 5.261 103.029 6.818
201709 5.311 103.345 6.862
201712 5.769 103.345 7.454
201803 5.541 105.004 7.046
201806 5.916 105.557 7.484
201809 6.353 105.636 8.030
201812 6.478 105.399 8.207
201903 6.332 106.979 7.903
201906 6.377 107.690 7.907
201909 6.555 107.611 8.134
201912 6.524 107.769 8.083
202003 6.509 107.927 8.053
202006 6.374 108.401 7.851
202009 6.297 108.164 7.774
202012 6.085 108.559 7.484
202103 5.837 110.298 7.066
202106 5.557 111.720 6.642
202109 5.680 112.905 6.717
202112 5.694 113.774 6.683
202203 5.598 117.646 6.354
202206 5.825 120.806 6.438
202209 6.520 120.648 7.216
202212 6.102 120.964 6.736
202303 5.980 122.702 6.508
202306 6.044 124.203 6.498
202309 6.690 125.230 7.133
202312 6.517 125.072 6.958
202403 6.457 126.258 6.829
202406 6.721 127.522 7.037
202409 6.974 127.285 7.316
202412 7.203 127.364 7.552
202503 6.934 129.181 7.167
202506 6.871 129.892 7.063
202509 7.393 130.287 7.577
202512 7.494 130.366 7.676
202603 7.469 132.262 7.540
202606 8.056 133.527 8.056

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 8.11 mean?
Badger Infrastructure Solutions (FRA:6BD0) has a Cyclically Adjusted PB Ratio of 8.11 as of Aug. 15, 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 Badger Infrastructure Solutions and its competitors. This is 50% above median its historical median of 5.39. Over the past decade, Badger Infrastructure Solutions' Cyclically Adjusted PB Ratio has ranged from 2.82 to 9.05. According to the industry distribution chart, Badger Infrastructure Solutions ranks #1252 out of 1329 companies in the Construction industry, placing it in the top 94.2%.
Is Badger Infrastructure Solutions' Cyclically Adjusted PB Ratio too high?
Badger Infrastructure Solutions' current Cyclically Adjusted PB Ratio of 8.11 is 50% above median its 10-year median of 5.39. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 9.05. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Badger Infrastructure Solutions' value of 8.11 is 611.4% above this industry median. Based on the distribution chart, Badger Infrastructure Solutions ranks #1252 out of 1329 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Badger Infrastructure Solutions has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Badger Infrastructure Solutions' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Badger Infrastructure Solutions ranks #1252 out of 1329 companies for Cyclically Adjusted PB Ratio. This places Badger Infrastructure Solutions in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Badger Infrastructure Solutions' value of 8.11 is 611.4% above this benchmark. Historically, Badger Infrastructure Solutions' own Cyclically Adjusted PB Ratio has ranged from 2.82 to 9.05 over the past decade. While the company's 10-year median is 5.39 vs. the industry median of 1.14, Badger Infrastructure Solutions 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 1.14, based on 1,329 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. Badger Infrastructure Solutions's current Cyclically Adjusted PB Ratio of 8.11 is 611.4% 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 Badger Infrastructure Solutions and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Infrastructure Solutions's current Cyclically Adjusted PB Ratio is 8.11, which is 50% above median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Infrastructure Solutions stock overvalued right now?
Based on GuruFocus' analysis, Badger Infrastructure Solutions (FRA:6BD0) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.58, compared to a current price of €54.00 — trading 43.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.11, which is 50% above median its 10-year median of 5.39 and 611.4% above the Construction industry median of 1.14. Badger Infrastructure Solutions' overall GF Score™ is 89/100 with 3 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 Badger Infrastructure Solutions (FRA:6BD0), the current Cyclically Adjusted PB Ratio is 8.11 as of Aug. 15, 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 Badger Infrastructure Solutions (FRA:6BD0) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Infrastructure Solutions stock appears to be overvalued. The current stock price of €54.00 is trading 43.7% above its estimated GF Value™ of €37.58. GuruFocus considers Badger Infrastructure Solutions to be Significantly Overvalued.

Key valuation signals for FRA:6BD0:

  • Cyclically Adjusted PB Ratio: 8.11 (50% above median its 10-year median of 5.39)
  • GF Value™: €37.58 vs. price of €54.00 (43.7% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 611.4% above the Construction median (#1252 of 1329)

No single metric tells the full story. See the FRA:6BD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Badger Infrastructure Solutions Business Description

Other Exchanges BDGIF:USABDGI:Canada
Address 919 - 11th Avenue SW, Suite 400, Calgary, AB, CAN, T2R 1P3
Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating and related services, with operations in both the United States and Canada. Its key technology is the Badger Hydrovac, which is used predominantly for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units into its existing and future design and manufacturing processes. It provides services to contractors and facility owners in a range of infrastructure industries, general commercial construction and industrial cleaning services.
89GF Score

Get the complete analysis for FRA:6BD0

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

€54.00
Price
€37.58
GF Value