ACS Actividades de Construccion y Servicios (FRA:OCI) Cyclically Adjusted PB Ratio: 6.78 (As of Jul. 28, 2026) — 162% Above Median

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FRA:OCI ACS Actividades de Construccion y Servicios SA FRA:OCI
86 GF Score
Price €23.00
GF Value €14.35
! 4 Warning Signs
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What is ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio?

ACS Actividades de Construccion y Servicios FRA:OCI +0.88% 86 Cyclically Adjusted PB Ratio is 6.78 as of Jul. 28, 2026, which is 162% above its 10-year median of 2.59. GuruFocus rates FRA:OCI with a GF Score™ of 86/100 and a GF Value™ of €14.35. The stock has 4 warning signs investors should review. Among 1,359 Construction companies, ACS Actividades de Construccion y Servicios ranks worse than 91.83% on this metric.

As of today (2026-07-28), ACS Actividades de Construccion y Servicios's current share price is €23.00. ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.39. ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio for today is 6.78.

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:

FRA:OCI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.59   Max: 7.76
Current: 6.16

During the past years, ACS Actividades de Construccion y Servicios's highest Cyclically Adjusted PB Ratio was 7.76. The lowest was 1.11. And the median was 2.59.

FRA:OCI's Cyclically Adjusted PB Ratio is ranked worse than
91.83% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs FRA:OCI: 6.16

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 Mar. 2026 was €3.750. 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 €3.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACS Actividades de Construccion y Servicios  (FRA:OCI) 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


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

* Premium members only.

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.

ACS Actividades de Construccion y Servicios Cyclically Adjusted PB Ratio Chart

ACS Actividades de Construccion y Servicios 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 1.87 1.87 2.58 2.92 4.89

ACS Actividades de Construccion y Servicios Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 3.15 3.47 3.99 4.89 5.93

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

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 Cyclically Adjusted PB Ratio vs 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.


FRA:OCI
86GF Score
ACS Actividades de Construccion y Servicios SA FRA:OCI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=23.00/3.39
=6.78

* 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 Mar. 2026 is calculated as:

For example, ACS Actividades de Construccion y Servicios'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)
=3.75/129.8600*129.8600
=3.750

Current CPI (Mar. 2026) = 129.8600.

ACS Actividades de Construccion y Servicios Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.064 100.333 2.671
201609 2.156 99.737 2.807
201612 2.306 101.842 2.940
201703 2.511 100.896 3.232
201706 2.362 101.848 3.012
201709 2.441 101.524 3.122
201712 1.353 102.975 1.706
201803 1.656 102.122 2.106
201806 1.451 104.165 1.809
201809 1.693 103.818 2.118
201812 2.822 104.193 3.517
201903 2.899 103.488 3.638
201906 2.630 104.612 3.265
201909 2.866 103.905 3.582
201912 2.916 105.015 3.606
202003 2.704 103.469 3.394
202006 2.457 104.254 3.060
202009 2.519 103.521 3.160
202012 2.484 104.456 3.088
202103 2.617 104.857 3.241
202106 2.483 107.102 3.011
202109 2.399 107.669 2.893
202112 4.594 111.298 5.360
202203 4.752 115.153 5.359
202206 4.499 118.044 4.949
202209 4.409 117.221 4.884
202212 4.296 117.650 4.742
202303 4.248 118.948 4.638
202306 4.092 120.278 4.418
202309 3.857 121.343 4.128
202312 4.090 121.300 4.379
202403 3.967 122.762 4.196
202406 3.686 124.409 3.848
202409 3.423 123.121 3.610
202412 3.700 124.753 3.851
202503 3.440 125.531 3.559
202506 3.278 127.251 3.345
202509 3.590 126.840 3.675
202512 3.708 128.400 3.750
202603 3.750 129.860 3.750

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 6.78 mean?
ACS Actividades de Construccion y Servicios (FRA:OCI) has a Cyclically Adjusted PB Ratio of 6.78 as of Jul. 28, 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 ACS Actividades de Construccion y Servicios and its competitors. This is 162% above median its historical median of 2.59. Over the past decade, ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio has ranged from 1.11 to 7.76. According to the industry distribution chart, ACS Actividades de Construccion y Servicios ranks #1248 out of 1359 companies in the Construction industry, placing it in the top 91.8%.
Is ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio too high?
ACS Actividades de Construccion y Servicios' current Cyclically Adjusted PB Ratio of 6.78 is 162% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 7.76. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. ACS Actividades de Construccion y Servicios' value of 6.78 is 484.5% above this industry median. Based on the distribution chart, ACS Actividades de Construccion y Servicios ranks #1248 out of 1359 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, ACS Actividades de Construccion y Servicios has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does ACS Actividades de Construccion y Servicios' Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, ACS Actividades de Construccion y Servicios ranks #1248 out of 1359 companies for Cyclically Adjusted PB Ratio. This places ACS Actividades de Construccion y Servicios in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. ACS Actividades de Construccion y Servicios' value of 6.78 is 484.5% above this benchmark. Historically, ACS Actividades de Construccion y Servicios' own Cyclically Adjusted PB Ratio has ranged from 1.11 to 7.76 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.16, ACS Actividades de Construccion y Servicios 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 1.16, based on 1,359 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. ACS Actividades de Construccion y Servicios's current Cyclically Adjusted PB Ratio of 6.78 is 484.5% 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 ACS Actividades de Construccion y Servicios and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACS Actividades de Construccion y Servicios's current Cyclically Adjusted PB Ratio is 6.78, which is 162% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACS Actividades de Construccion y Servicios stock overvalued right now?
ACS Actividades de Construccion y Servicios (FRA:OCI) has a current Cyclically Adjusted PB Ratio of 6.78. The stock's GF Value™ is €14.35, compared to a current price of €23.00 — trading 60.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.78, which is 162% above median its 10-year median of 2.59 and 484.5% above the Construction industry median of 1.16. ACS Actividades de Construccion y Servicios' overall GF Score™ is 86/100 with 4 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 ACS Actividades de Construccion y Servicios (FRA:OCI), the current Cyclically Adjusted PB Ratio is 6.78 as of Jul. 28, 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 ACS Actividades de Construccion y Servicios (FRA:OCI) Overvalued in 2026?

Based on GuruFocus' analysis, ACS Actividades de Construccion y Servicios stock appears to be overvalued. The current stock price of €23.00 is trading 60.3% above its estimated GF Value™ of €14.35.

Key valuation signals for FRA:OCI:

  • Cyclically Adjusted PB Ratio: 6.78 (162% above median its 10-year median of 2.59)
  • GF Value™: €14.35 vs. price of €23.00 (60.3% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 484.5% above the Construction median (#1248 of 1359)

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


ACS Actividades de Construccion y Servicios Business Description

Address 102, Avenida Pio XII, 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.
86GF Score

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

€23.00
Price
€14.35
GF Value