Tutor Perini (FRA:PE2) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:PE2 Tutor Perini Corp FRA:PE2
69 GF Score
Price €82.10
GF Value €31.02
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tutor Perini Cyclically Adjusted PB Ratio?

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
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 1.31 1.84 1.91 2.18 2.35

FRA:PE2 vs KBR, PRIM, LGN: 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
69GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tutor Perini'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)
=20.554/333.9520*333.9520
=20.554

Current CPI (Jun. 2026) = 333.9520.

Tutor Perini Quarterly Data

Book Value per Share CPI Adj_Book
201609 27.599 241.428 38.176
201612 29.917 241.432 41.382
201703 29.354 243.801 40.208
201706 28.592 244.955 38.980
201709 27.437 246.819 37.123
201712 29.082 246.524 39.396
201803 27.617 249.554 36.957
201806 29.613 251.989 39.245
201809 30.095 252.439 39.813
201812 31.789 251.233 42.256
201903 31.966 254.202 41.995
201906 26.386 256.143 34.401
201909 27.488 256.759 35.752
201912 25.779 256.974 33.501
202003 26.131 258.115 33.809
202006 25.972 257.797 33.644
202009 25.446 260.280 32.648
202012 25.130 260.474 32.219
202103 25.884 264.877 32.634
202106 26.076 271.696 32.051
202109 26.983 274.310 32.850
202112 28.664 278.802 34.334
202203 28.939 287.504 33.614
202206 28.920 296.311 32.594
202209 30.144 296.808 33.916
202212 26.563 296.797 29.888
202303 25.383 301.836 28.084
202306 24.289 305.109 26.585
202309 23.982 307.789 26.021
202312 22.766 306.746 24.785
202403 22.999 312.332 24.591
202406 23.229 314.175 24.691
202409 20.852 315.301 22.085
202412 20.647 315.605 21.847
202503 20.363 319.799 21.264
202506 19.482 322.561 20.170
202509 19.249 324.800 19.791
202512 19.714 324.054 20.316
202603 19.960 330.213 20.186
202606 20.554 333.952 20.554

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 Tutor Perini (FRA:PE2) Overvalued in 2026?

Based on GuruFocus' analysis, Tutor Perini stock appears to be overvalued. The current stock price of €82.10 is trading 164.7% above its estimated GF Value™ of €31.02. GuruFocus considers Tutor Perini to be Significantly Overvalued.

Key valuation signals for FRA:PE2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €31.02 vs. price of €82.10 (164.7% above fair value)
  • GF Score™: 69/100 with 6 warning signs

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.
69GF 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.

€82.10
Price
€31.02
GF Value