Tutor Perini (FRA:PE2) Cyclically Adjusted PB Ratio: 2.59 (As of Jul. 24, 2026) — 371% Above Median

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FRA:PE2 Tutor Perini Corp FRA:PE2
66 GF Score
Price €74.65
GF Value €27.97
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Tutor Perini Cyclically Adjusted PB Ratio?

Tutor Perini FRA:PE2 +0.13% 66 Cyclically Adjusted PB Ratio is 2.59 as of Jul. 24, 2026, which is 371% above its 10-year median of 0.55. GuruFocus rates FRA:PE2 with a GF Score™ of 66/100 and a GF Value™ of €27.97 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,363 Construction companies, Tutor Perini ranks worse than 74.03% on this metric.

As of today (2026-07-24), Tutor Perini's current share price is €74.65. Tutor Perini's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €28.86. Tutor Perini's Cyclically Adjusted PB Ratio for today is 2.59.

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

FRA:PE2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.55   Max: 2.65
Current: 2.48

During the past years, Tutor Perini's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 0.14. And the median was 0.55.

FRA:PE2's Cyclically Adjusted PB Ratio is ranked worse than
74.03% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs FRA:PE2: 2.48

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.

Tutor Perini's adjusted book value per share data for the three months ended in Mar. 2026 was €19.960. 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 €28.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tutor Perini  (FRA:PE2) 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.


Tutor Perini Cyclically Adjusted PB Ratio Related Terms


Tutor Perini Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tutor Perini'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.

Tutor Perini Cyclically Adjusted PB Ratio Chart

Tutor Perini 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 0.37 0.21 0.25 0.68 1.91

Tutor Perini 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 0.65 1.31 1.84 1.91 2.18

FRA:PE2 vs KBR, PRIM, EXPO: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Tutor Perini'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.


Tutor Perini Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:PE2
66GF Score
Tutor Perini Corp FRA:PE2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tutor Perini 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.

Tutor Perini's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=74.65/28.86
=2.59

* 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.

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

For example, Tutor Perini'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)
=19.96/330.2130*330.2130
=19.960

Current CPI (Mar. 2026) = 330.2130.

Tutor Perini Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.021 241.018 37.021
201609 27.599 241.428 37.749
201612 29.917 241.432 40.918
201703 29.354 243.801 39.758
201706 28.592 244.955 38.544
201709 27.437 246.819 36.707
201712 29.082 246.524 38.955
201803 27.617 249.554 36.543
201806 29.613 251.989 38.806
201809 30.095 252.439 39.367
201812 31.789 251.233 41.782
201903 31.966 254.202 41.524
201906 26.386 256.143 34.016
201909 27.488 256.759 35.352
201912 25.779 256.974 33.126
202003 26.131 258.115 33.430
202006 25.972 257.797 33.268
202009 25.446 260.280 32.283
202012 25.130 260.474 31.858
202103 25.884 264.877 32.269
202106 26.076 271.696 31.692
202109 26.983 274.310 32.482
202112 28.664 278.802 33.950
202203 28.939 287.504 33.238
202206 28.920 296.311 32.229
202209 30.144 296.808 33.537
202212 26.563 296.797 29.554
202303 25.383 301.836 27.769
202306 24.289 305.109 26.287
202309 23.982 307.789 25.729
202312 22.766 306.746 24.508
202403 22.999 312.332 24.316
202406 23.229 314.175 24.415
202409 20.852 315.301 21.838
202412 20.647 315.605 21.603
202503 20.363 319.799 21.026
202506 19.482 322.561 19.944
202509 19.249 324.800 19.570
202512 19.714 324.054 20.089
202603 19.960 330.213 19.960

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 2.59 mean?
Tutor Perini (FRA:PE2) has a Cyclically Adjusted PB Ratio of 2.59 as of Jul. 24, 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 Tutor Perini and its competitors. This is 371% above median its historical median of 0.55. Over the past decade, Tutor Perini's Cyclically Adjusted PB Ratio has ranged from 0.14 to 2.65. According to the industry distribution chart, Tutor Perini ranks #1009 out of 1363 companies in the Construction industry, placing it in the top 74%.
Is Tutor Perini's Cyclically Adjusted PB Ratio too high?
Tutor Perini's current Cyclically Adjusted PB Ratio of 2.59 is 371% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 2.65. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Tutor Perini's value of 2.59 is 121.4% above this industry median. Based on the distribution chart, Tutor Perini ranks #1009 out of 1363 companies in the Construction industry, which is below the industry midpoint. Overall, Tutor Perini has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tutor Perini's Cyclically Adjusted PB Ratio compare to KBR and PRIM?
According to the Construction industry distribution chart, Tutor Perini ranks #1009 out of 1363 companies for Cyclically Adjusted PB Ratio. This places Tutor Perini in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Tutor Perini's value of 2.59 is 121.4% above this benchmark. Historically, Tutor Perini's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 2.65 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.17, Tutor Perini 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 1.17, based on 1,363 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. Tutor Perini's current Cyclically Adjusted PB Ratio of 2.59 is 121.4% 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 Tutor Perini and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tutor Perini's current Cyclically Adjusted PB Ratio is 2.59, which is 371% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tutor Perini stock overvalued right now?
Based on GuruFocus' analysis, Tutor Perini (FRA:PE2) is currently considered Significantly Overvalued. The stock's GF Value™ is €27.97, compared to a current price of €74.65 — trading 166.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.59, which is 371% above median its 10-year median of 0.55 and 121.4% above the Construction industry median of 1.17. Tutor Perini's overall GF Score™ is 66/100 with 7 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 Tutor Perini (FRA:PE2), the current Cyclically Adjusted PB Ratio is 2.59 as of Jul. 24, 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 Tutor Perini (FRA:PE2) Overvalued in 2026?

Based on GuruFocus' analysis, Tutor Perini stock appears to be overvalued. The current stock price of €74.65 is trading 166.9% above its estimated GF Value™ of €27.97. GuruFocus considers Tutor Perini to be Significantly Overvalued.

Key valuation signals for FRA:PE2:

  • Cyclically Adjusted PB Ratio: 2.59 (371% above median its 10-year median of 0.55)
  • GF Value™: €27.97 vs. price of €74.65 (166.9% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 121.4% above the Construction median (#1009 of 1363)

No single metric tells the full story. See the FRA:PE2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tutor Perini Business Description

Other Exchanges TPC:USAPE2:Germany
Address 15901 Olden Street, Sylmar, CA, USA, 91342
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. Tutor Perini has three operating segments: Civil, Building, and Specialty Contractors. A majority of its revenue is generated from the Civil segment, which specializes in public works construction and the replacement and reconstruction of infrastructure. Its civil contracting services include construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military and other government facilities, and water management and wastewater treatment facilities. Geographically it derives key revenue from the United States.
66GF Score

Get the complete analysis for FRA:PE2

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

€74.65
Price
€27.97
GF Value