Construcciones y Auxiliar de Ferrocarriles (LTS:0RKF) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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LTS:0RKF Construcciones y Auxiliar de Ferrocarriles SA LTS:0RKF
79 GF Score
Price €77.50
GF Value €46.44
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Construcciones y Auxiliar de Ferrocarriles Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Construcciones y Auxiliar de Ferrocarriles  (LTS:0RKF) 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.


Construcciones y Auxiliar de Ferrocarriles Cyclically Adjusted PB Ratio Related Terms


Construcciones y Auxiliar de Ferrocarriles Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Construcciones y Auxiliar de Ferrocarriles'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.

Construcciones y Auxiliar de Ferrocarriles Cyclically Adjusted PB Ratio Chart

Construcciones y Auxiliar de Ferrocarriles 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 1.58 1.10 1.29 1.36 2.21

Construcciones y Auxiliar de Ferrocarriles Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 1.38 1.37 1.82 2.24 2.39

LTS:0RKF vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Construcciones y Auxiliar de Ferrocarriles'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.


Construcciones y Auxiliar de Ferrocarriles Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Construcciones y Auxiliar de Ferrocarriles's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0RKF
79GF Score
Construcciones y Auxiliar de Ferrocarriles SA LTS:0RKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Construcciones y Auxiliar de Ferrocarriles 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.

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

For example, Construcciones y Auxiliar de Ferrocarriles'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)
=28.84/128.4000*128.4000
=28.840

Current CPI (Dec25) = 128.4000.

Construcciones y Auxiliar de Ferrocarriles Annual Data

Book Value per Share CPI Adj_Book
201612 22.861 101.842 28.823
201712 22.176 102.975 27.651
201812 22.090 104.193 27.222
201912 21.743 105.015 26.585
202012 18.792 104.456 23.100
202112 21.600 111.298 24.919
202212 23.028 117.650 25.132
202312 25.358 121.300 26.842
202412 26.173 124.753 26.938
202512 28.840 128.400 28.840

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 Construcciones y Auxiliar de Ferrocarriles (LTS:0RKF) Overvalued in 2026?

Based on GuruFocus' analysis, Construcciones y Auxiliar de Ferrocarriles stock appears to be overvalued. The current stock price of €77.50 is trading 66.9% above its estimated GF Value™ of €46.44. GuruFocus considers Construcciones y Auxiliar de Ferrocarriles to be Significantly Overvalued.

Key valuation signals for LTS:0RKF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €46.44 vs. price of €77.50 (66.9% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the LTS:0RKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Construcciones y Auxiliar de Ferrocarriles Business Description

Other Exchanges CAF:SpainAXF1:Germany
Address Jose Miguel Iturrioz, 26, Guipuzcoa, Beasain, ESP, 20200
Construcciones y Auxiliar de Ferrocarriles SA is a Spain-based company that offers comprehensive railway solutions. The company's train-related products comprise high-speed rolling stock, wheelsets, traction and communication systems, signaling systems, and related services including vehicle maintenance, vehicle upgrading and refurbishment, and aftersales technical supports. In addition to supplying train-related products, the company also helps customers conduct viability studies, civil work, electrification projects, and system operation. The company operates under concession or turnkey models. Construcciones y Auxiliar de Ferrocarriles has a global presence, with Europe and Brazil being the two largest markets.
79GF Score

Get the complete analysis for LTS:0RKF

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

€77.50
Price
€46.44
GF Value