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MasTec (MasTec) Cyclically Adjusted PB Ratio : 4.29 (As of May. 23, 2024)


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What is MasTec Cyclically Adjusted PB Ratio?

As of today (2024-05-23), MasTec's current share price is $110.07. MasTec's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $25.66. MasTec's Cyclically Adjusted PB Ratio for today is 4.29.

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

MTZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 3.88   Max: 7.14
Current: 4.27

During the past years, MasTec's highest Cyclically Adjusted PB Ratio was 7.14. The lowest was 1.44. And the median was 3.88.

MTZ's Cyclically Adjusted PB Ratio is ranked worse than
88.51% of 1210 companies
in the Construction industry
Industry Median: 1.12 vs MTZ: 4.27

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.

MasTec's adjusted book value per share data for the three months ended in Mar. 2024 was $33.656. 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 $25.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MasTec Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MasTec'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.

* Premium members only.

MasTec Cyclically Adjusted PB Ratio Chart

MasTec Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 4.26 4.85 3.83 3.05

MasTec Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.09 4.95 2.94 3.05 3.63

Competitive Comparison of MasTec's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, MasTec'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.


MasTec's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



MasTec 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=110.07/25.66
=4.29

* 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.

MasTec's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MasTec's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33.656/131.7762*131.7762
=33.656

Current CPI (Mar. 2024) = 131.7762.

MasTec Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.288 100.560 17.413
201409 13.734 100.428 18.021
201412 13.496 99.070 17.952
201503 12.831 99.621 16.973
201506 12.813 100.684 16.770
201509 12.779 100.392 16.774
201512 11.729 99.792 15.488
201603 11.435 100.470 14.998
201606 11.733 101.688 15.205
201609 12.444 101.861 16.099
201612 13.285 101.863 17.186
201703 13.814 102.862 17.697
201706 14.819 103.349 18.895
201709 15.655 104.136 19.810
201712 17.280 104.011 21.893
201803 16.958 105.290 21.224
201806 17.796 106.317 22.058
201809 18.911 106.507 23.398
201812 18.289 105.998 22.737
201903 18.776 107.251 23.070
201906 20.295 108.070 24.747
201909 21.945 108.329 26.695
201912 23.343 108.420 28.372
202003 22.869 108.902 27.673
202006 23.693 108.767 28.705
202009 25.378 109.815 30.453
202012 26.993 109.897 32.367
202103 28.056 111.754 33.082
202106 29.044 114.631 33.388
202109 30.593 115.734 34.833
202112 33.231 117.630 37.228
202203 32.845 121.301 35.681
202206 32.833 125.017 34.608
202209 33.654 125.227 35.414
202212 34.790 125.222 36.611
202303 33.556 127.348 34.723
202306 33.972 128.729 34.776
202309 34.295 129.860 34.801
202312 34.134 129.419 34.756
202403 33.656 131.776 33.656

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.


MasTec  (NYSE:MTZ) 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.


MasTec Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of MasTec's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MasTec (MasTec) Business Description

Industry
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.
Executives
Paul Dimarco officer: CFO 800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Timothy Michael Love officer: CAO 8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ava L Parker director 1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
Ernst N Csiszar director 2600 S RIVER ROAD, DES PLAINES IL 60018
Robert E Apple officer: Chief Operations Officer 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell officer: EVP & CFO 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita officer: CFO 3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer director 880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano director AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson director NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Javier Alberto Palomarez director 3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Jorge Mas director, 10 percent owner 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas director, officer: EVP 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo director C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134