Fomento de Construcciones y Contratas (FRA:FCC) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:FCC Fomento de Construcciones y Contratas SA FRA:FCC
77 GF Score
Price €10.64
GF Value €10.94
Valuation Fairly Valued
! 8 Warning Signs
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What is Fomento de Construcciones y Contratas Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fomento de Construcciones y Contratas  (FRA:FCC) 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.


Fomento de Construcciones y Contratas Cyclically Adjusted PB Ratio Related Terms


Fomento de Construcciones y Contratas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fomento de Construcciones y Contratas'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.

Fomento de Construcciones y Contratas Cyclically Adjusted PB Ratio Chart

Fomento de Construcciones y Contratas 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 1.48 1.11 1.50 1.16 1.28

Fomento de Construcciones y Contratas Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.40 1.16 1.58 1.28 1.40

FRA:FCC vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Fomento de Construcciones y Contratas'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.


Fomento de Construcciones y Contratas Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Fomento de Construcciones y Contratas's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fomento de Construcciones y Contratas's Cyclically Adjusted PB Ratio falls into.


FRA:FCC
77GF Score
Fomento de Construcciones y Contratas SA FRA:FCC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fomento de Construcciones y Contratas 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.

Fomento de Construcciones y Contratas's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Fomento de Construcciones y Contratas's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=10.029/128.4000*128.4000
=10.029

Current CPI (Dec25) = 128.4000.

Fomento de Construcciones y Contratas Annual Data

Book Value per Share CPI Adj_Book
201612 2.469 101.842 3.113
201712 2.472 102.975 3.082
201812 5.182 104.193 6.386
201912 6.327 105.015 7.736
202012 7.137 104.456 8.773
202112 10.504 111.298 12.118
202212 11.338 117.650 12.374
202312 14.086 121.300 14.911
202412 8.219 124.753 8.459
202512 10.029 128.400 10.029

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 Fomento de Construcciones y Contratas (FRA:FCC) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento de Construcciones y Contratas stock appears to be undervalued. The current stock price of €10.64 is trading 2.7% below its estimated GF Value™ of €10.94. GuruFocus considers Fomento de Construcciones y Contratas to be Fairly Valued.

Key valuation signals for FRA:FCC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €10.94 vs. price of €10.64 (2.7% below fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Fomento de Construcciones y Contratas Business Description

Other Exchanges FMOCF:USA0HAA:UKFCC:Spain
Address Federico Salmon, 13, Madrid, ESP, 28016
Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.
77GF Score

Get the complete analysis for FRA:FCC

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

€10.64
Price
€10.94
GF Value