MTRX (Matrix Service Co) 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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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.

MTRX Matrix Service Co MTRX
65 GF Score
Price $9.86
GF Value $13.24
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Matrix Service Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Matrix Service Co  (NAS:MTRX) 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.


Matrix Service Co Cyclically Adjusted PB Ratio Related Terms


Matrix Service Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matrix Service Co'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.

Matrix Service Co Cyclically Adjusted PB Ratio Chart

Matrix Service Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.46 0.80 1.14 1.23

Matrix Service Co 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 1.10 1.08 0.99 0.98 1.18

MTRX vs ORN, ESOA, SHIM: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Matrix Service Co'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.


Matrix Service Co Cyclically Adjusted PB Ratio vs Construction Industry

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

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


MTRX
65GF Score
Matrix Service Co MTRX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Matrix Service Co 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.

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

For example, Matrix Service Co'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)
=5.138/333.9520*333.9520
=5.138

Current CPI (Jun. 2026) = 333.9520.

Matrix Service Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.234 241.428 16.923
201612 12.405 241.432 17.159
201703 12.041 243.801 16.493
201706 12.098 244.955 16.493
201709 12.288 246.819 16.626
201712 12.516 246.524 16.955
201803 12.377 249.554 16.563
201806 11.873 251.989 15.735
201809 11.946 252.439 15.803
201812 12.084 251.233 16.063
201903 12.539 254.202 16.473
201906 13.129 256.143 17.117
201909 13.174 256.759 17.135
201912 12.102 256.974 15.727
202003 11.918 258.115 15.420
202006 11.778 257.797 15.257
202009 11.565 260.280 14.838
202012 11.481 260.474 14.720
202103 11.081 264.877 13.971
202106 10.755 271.696 13.219
202109 10.050 274.310 12.235
202112 9.173 278.802 10.988
202203 7.947 287.504 9.231
202206 8.500 296.311 9.580
202209 8.208 296.808 9.235
202212 7.084 296.797 7.971
202303 6.658 301.836 7.366
202306 6.710 305.109 7.344
202309 6.583 307.789 7.143
202312 6.553 306.746 7.134
202403 6.072 312.332 6.492
202406 5.887 314.175 6.258
202409 5.681 315.301 6.017
202412 5.504 315.605 5.824
202503 5.459 319.799 5.701
202506 5.169 322.561 5.352
202509 4.854 324.800 4.991
202512 4.891 324.054 5.040
202603 4.957 330.213 5.013
202606 5.138 333.952 5.138

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 Matrix Service Co (MTRX) Overvalued in 2026?

Based on GuruFocus' analysis, Matrix Service Co stock appears to be undervalued. The current stock price of $9.86 is trading 25.5% below its estimated GF Value™ of $13.24. GuruFocus considers Matrix Service Co to be Modestly Undervalued.

Key valuation signals for MTRX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $13.24 vs. price of $9.86 (25.5% below fair value)
  • GF Score™: 65/100 with 3 warning signs

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


Matrix Service Co Business Description

Other Exchanges MX2:Germany
Address 15 East 5th Street, Suite 1100, Tulsa, OK, USA, 74103
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
65GF Score

Get the complete analysis for MTRX

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

$9.86
Price
$13.24
GF Value