Jacobs Solutions (FRA:Z0Y) Cyclically Adjusted PB Ratio: 2.87 (As of Aug. 16, 2026) — 31% Above Median

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FRA:Z0Y Jacobs Solutions Inc FRA:Z0Y
72 GF Score
Price €123.00
GF Value €117.89
Valuation Fairly Valued
! 8 Warning Signs
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What is Jacobs Solutions Cyclically Adjusted PB Ratio?

Jacobs Solutions FRA:Z0Y -1.60% 72 Cyclically Adjusted PB Ratio is 2.87 as of Aug. 16, 2026, which is 31% above its 10-year median of 2.19. GuruFocus rates FRA:Z0Y with a GF Score™ of 72/100 and a GF Value™ of €117.89 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,318 Construction companies, Jacobs Solutions ranks worse than 78.45% on this metric.

As of today (2026-08-16), Jacobs Solutions's current share price is €123.00. Jacobs Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €42.81. Jacobs Solutions's Cyclically Adjusted PB Ratio for today is 2.87.

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

FRA:Z0Y' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.19   Max: 3.16
Current: 2.87

During the past years, Jacobs Solutions's highest Cyclically Adjusted PB Ratio was 3.16. The lowest was 1.40. And the median was 2.19.

FRA:Z0Y's Cyclically Adjusted PB Ratio is ranked worse than
78.45% of 1318 companies
in the Construction industry
Industry Median: 1.16 vs FRA:Z0Y: 2.87

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.

Jacobs Solutions's adjusted book value per share data for the three months ended in Jun. 2026 was €24.191. 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 €42.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jacobs Solutions  (FRA:Z0Y) 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.


Jacobs Solutions Cyclically Adjusted PB Ratio Related Terms


Jacobs Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jacobs 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.

Jacobs Solutions Cyclically Adjusted PB Ratio Chart

Jacobs Solutions Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.64 1.95 2.31 2.56 2.96

Jacobs 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 2.60 2.96 2.65 2.53 2.50

FRA:Z0Y vs APG, DY, IESC: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Jacobs 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.


Jacobs Solutions Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:Z0Y
72GF Score
Jacobs Solutions Inc FRA:Z0Y
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jacobs 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=123.00/42.81
=2.87

* 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.

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

For example, Jacobs 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)
=24.191/333.9520*333.9520
=24.191

Current CPI (Jun. 2026) = 333.9520.

Jacobs Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.421 241.428 43.463
201612 31.845 241.432 44.048
201703 31.939 243.801 43.749
201706 31.271 244.955 42.632
201709 30.862 246.819 41.757
201712 35.035 246.524 47.460
201803 33.974 249.554 45.464
201806 35.994 251.989 47.702
201809 35.278 252.439 46.669
201812 36.018 251.233 47.877
201903 35.456 254.202 46.580
201906 39.479 256.143 51.472
201909 39.050 256.759 50.790
201912 40.631 256.974 52.802
202003 38.723 258.115 50.100
202006 39.808 257.797 51.568
202009 38.055 260.280 48.826
202012 38.557 260.474 49.434
202103 38.772 264.877 48.883
202106 39.196 271.696 48.177
202109 39.172 274.310 47.689
202112 41.593 278.802 49.821
202203 42.811 287.504 49.727
202206 43.996 296.311 49.585
202209 48.045 296.808 54.058
202212 46.087 296.797 51.856
202303 46.990 301.836 51.990
202306 47.819 305.109 52.339
202309 48.690 307.789 52.829
202312 48.758 306.746 53.082
202403 48.669 312.332 52.038
202406 49.471 314.175 52.585
202409 32.989 315.301 34.940
202412 32.675 315.605 34.574
202503 29.695 319.799 31.009
202506 27.682 322.561 28.660
202509 26.049 324.800 26.783
202512 25.012 324.054 25.776
202603 24.099 330.213 24.372
202606 24.191 333.952 24.191

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 2.87 mean?
Jacobs Solutions (FRA:Z0Y) has a Cyclically Adjusted PB Ratio of 2.87 as of Aug. 16, 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 Jacobs Solutions and its competitors. This is 31% above median its historical median of 2.19. Over the past decade, Jacobs Solutions' Cyclically Adjusted PB Ratio has ranged from 1.40 to 3.16. According to the industry distribution chart, Jacobs Solutions ranks #1034 out of 1318 companies in the Construction industry, placing it in the top 78.5%.
Is Jacobs Solutions' Cyclically Adjusted PB Ratio too high?
Jacobs Solutions' current Cyclically Adjusted PB Ratio of 2.87 is 31% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 3.16. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Jacobs Solutions' value of 2.87 is 147.4% above this industry median. Based on the distribution chart, Jacobs Solutions ranks #1034 out of 1318 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Jacobs Solutions has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jacobs Solutions' Cyclically Adjusted PB Ratio compare to APG and DY?
According to the Construction industry distribution chart, Jacobs Solutions ranks #1034 out of 1318 companies for Cyclically Adjusted PB Ratio. This places Jacobs Solutions in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Jacobs Solutions' value of 2.87 is 147.4% above this benchmark. Historically, Jacobs Solutions' own Cyclically Adjusted PB Ratio has ranged from 1.40 to 3.16 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 1.16, Jacobs 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 1.16, based on 1,318 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. Jacobs Solutions's current Cyclically Adjusted PB Ratio of 2.87 is 147.4% 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 Jacobs Solutions 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. Jacobs Solutions's current Cyclically Adjusted PB Ratio is 2.87, which is 31% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jacobs Solutions stock overvalued right now?
Based on GuruFocus' analysis, Jacobs Solutions (FRA:Z0Y) is currently considered Fairly Valued. The stock's GF Value™ is €117.89, compared to a current price of €123.00 — trading 4.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.87, which is 31% above median its 10-year median of 2.19 and 147.4% above the Construction industry median of 1.16. Jacobs Solutions' overall GF Score™ is 72/100 with 8 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 Jacobs Solutions (FRA:Z0Y), the current Cyclically Adjusted PB Ratio is 2.87 as of Aug. 16, 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 Jacobs Solutions (FRA:Z0Y) Overvalued in 2026?

Based on GuruFocus' analysis, Jacobs Solutions stock appears to be overvalued. The current stock price of €123.00 is trading 4.3% above its estimated GF Value™ of €117.89. GuruFocus considers Jacobs Solutions to be Fairly Valued.

Key valuation signals for FRA:Z0Y:

  • Cyclically Adjusted PB Ratio: 2.87 (31% above median its 10-year median of 2.19)
  • GF Value™: €117.89 vs. price of €123.00 (4.3% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 147.4% above the Construction median (#1034 of 1318)

No single metric tells the full story. See the FRA:Z0Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jacobs Solutions Business Description

Address 1999 Bryan Street, Suite 3500, Dallas, TX, USA, 75201
Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions. The firm serves industrial, commercial, and government clients in a wide variety of sectors, including water, transportation, healthcare, technology, and chemicals. Jacobs Solutions employs approximately 60,000 workers. The company generated $12 billion in revenue in fiscal 2025.
72GF Score

Get the complete analysis for FRA:Z0Y

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

€123.00
Price
€117.89
GF Value