Fluor (MEX:FLR) Cyclically Adjusted PB Ratio: 2.79 (As of Sep. 04, 2026) — 57% Above Median

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.

MEX:FLR Fluor Corp MEX:FLR
63 GF Score
Price MXN874.29
GF Value MXN781.75
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Fluor Cyclically Adjusted PB Ratio?

Fluor MEX:FLR 63 Cyclically Adjusted PB Ratio is 2.79 as of Sep. 04, 2026, which is 57% above its 10-year median of 1.78. GuruFocus rates MEX:FLR with a GF Score™ of 63/100 and a GF Value™ of MXN781.75 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,237 Construction companies, Fluor ranks worse than 79.22% on this metric.

As of today (2026-09-04), Fluor's current share price is MXN874.29. Fluor's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN313.14. Fluor's Cyclically Adjusted PB Ratio for today is 2.79.

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

MEX:FLR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.78   Max: 2.91
Current: 2.91

During the past years, Fluor's highest Cyclically Adjusted PB Ratio was 2.91. The lowest was 0.25. And the median was 1.78.

MEX:FLR's Cyclically Adjusted PB Ratio is ranked worse than
79.22% of 1237 companies
in the Construction industry
Industry Median: 1.17 vs MEX:FLR: 2.91

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.

Fluor's adjusted book value per share data for the three months ended in Jun. 2026 was MXN345.726. 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 MXN313.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fluor  (MEX:FLR) 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.


Fluor Cyclically Adjusted PB Ratio Related Terms


Fluor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fluor'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.

Fluor Cyclically Adjusted PB Ratio Chart

Fluor 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 1.15 1.63 1.94 2.56 2.01

Fluor 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 2.11 2.01 2.36 2.66

MEX:FLR vs ACA, ROAD, ECG: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Fluor'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.


Fluor Cyclically Adjusted PB Ratio vs Construction Industry

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

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


MEX:FLR
63GF Score
Fluor Corp MEX:FLR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fluor 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.

Fluor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=874.29/313.14
=2.79

* 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.

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

For example, Fluor'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)
=345.726/333.9520*333.9520
=345.726

Current CPI (Jun. 2026) = 333.9520.

Fluor Quarterly Data

Book Value per Share CPI Adj_Book
201609 431.322 241.428 596.620
201612 462.681 241.432 639.987
201703 433.858 243.801 594.287
201706 410.645 244.955 559.840
201709 425.909 246.819 576.265
201712 469.141 246.524 635.519
201803 387.173 249.554 518.113
201806 425.021 251.989 563.265
201809 404.406 252.439 534.989
201812 398.471 251.233 529.668
201903 408.746 254.202 536.981
201906 325.356 256.143 424.190
201909 219.638 256.759 285.671
201912 200.173 256.974 260.136
202003 182.142 258.115 235.657
202006 179.271 257.797 232.229
202009 177.368 260.280 227.572
202012 145.640 260.474 186.724
202103 142.259 264.877 179.358
202106 213.331 271.696 262.213
202109 232.287 274.310 282.792
202112 202.043 278.802 242.009
202203 205.968 287.504 239.243
202206 214.372 296.311 241.604
202209 233.594 296.808 262.827
202212 244.655 296.797 275.283
202303 216.320 301.836 239.337
202306 214.885 305.109 235.199
202309 192.517 307.789 208.882
202312 193.245 306.746 210.384
202403 189.121 312.332 202.212
202406 229.107 314.175 243.529
202409 258.705 315.301 274.008
202412 486.673 315.605 514.965
202503 442.139 319.799 461.706
202506 689.645 322.561 713.999
202509 590.265 324.800 606.897
202512 384.158 324.054 395.892
202603 365.851 330.213 369.994
202606 345.726 333.952 345.726

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 2.79 mean?
Fluor (MEX:FLR) has a Cyclically Adjusted PB Ratio of 2.79 as of Sep. 04, 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 Fluor and its competitors. This is 57% above median its historical median of 1.78. Over the past decade, Fluor's Cyclically Adjusted PB Ratio has ranged from 0.25 to 2.91. According to the industry distribution chart, Fluor ranks #980 out of 1237 companies in the Construction industry, placing it in the top 79.2%.
Is Fluor's Cyclically Adjusted PB Ratio too high?
Fluor's current Cyclically Adjusted PB Ratio of 2.79 is 57% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 2.91. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Fluor's value of 2.79 is 138.5% above this industry median. Based on the distribution chart, Fluor ranks #980 out of 1237 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Fluor has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fluor's Cyclically Adjusted PB Ratio compare to ACA and ROAD?
According to the Construction industry distribution chart, Fluor ranks #980 out of 1237 companies for Cyclically Adjusted PB Ratio. This places Fluor in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Fluor's value of 2.79 is 138.5% above this benchmark. Historically, Fluor's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 2.91 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.17, Fluor 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 1,237 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. Fluor's current Cyclically Adjusted PB Ratio of 2.79 is 138.5% 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 Fluor 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. Fluor's current Cyclically Adjusted PB Ratio is 2.79, which is 57% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluor stock overvalued right now?
Based on GuruFocus' analysis, Fluor (MEX:FLR) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN781.75, compared to a current price of MXN874.29 — trading 11.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.79, which is 57% above median its 10-year median of 1.78 and 138.5% above the Construction industry median of 1.17. Fluor's overall GF Score™ is 63/100 with 5 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 Fluor (MEX:FLR), the current Cyclically Adjusted PB Ratio is 2.79 as of Sep. 04, 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 Fluor (MEX:FLR) Overvalued in 2026?

Based on GuruFocus' analysis, Fluor stock appears to be overvalued. The current stock price of MXN874.29 is trading 11.8% above its estimated GF Value™ of MXN781.75. GuruFocus considers Fluor to be Modestly Overvalued.

Key valuation signals for MEX:FLR:

  • Cyclically Adjusted PB Ratio: 2.79 (57% above median its 10-year median of 1.78)
  • GF Value™: MXN781.75 vs. price of MXN874.29 (11.8% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 138.5% above the Construction median (#980 of 1237)

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


Fluor Business Description

Other Exchanges FLR:USA0IQC:UKFLU:Germany
Address 6700 Las Colinas Boulevard, Irving, TX, USA, 75039
Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. It serves a wide range of end markets, including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2025.
63GF Score

Get the complete analysis for MEX:FLR

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

MXN874.29
Price
MXN781.75
GF Value