STN (Stantec) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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.

STN Stantec Inc STN
89 GF Score
Price $70.74
GF Value $89.88
Valuation Modestly Undervalued
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What is Stantec Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Stantec  (NYSE:STN) 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.


Stantec Cyclically Adjusted PB Ratio Related Terms


Stantec Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Stantec'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.

Stantec Cyclically Adjusted PB Ratio Chart

Stantec 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 4.40 3.39 5.32 4.95 5.56

Stantec 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 6.67 6.52 5.64 5.04 3.95

STN vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Stantec'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.


Stantec Cyclically Adjusted PB Ratio vs Construction Industry

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

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


STN
89GF Score
Stantec Inc STN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Stantec 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.

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

For example, Stantec'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)
=21.283/133.5265*133.5265
=21.283

Current CPI (Jun. 2026) = 133.5265.

Stantec Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.891 101.765 16.914
201612 12.919 101.449 17.004
201703 12.453 102.634 16.201
201706 12.956 103.029 16.791
201709 13.233 103.345 17.098
201712 13.298 103.345 17.182
201803 13.236 105.004 16.831
201806 13.213 105.557 16.714
201809 12.949 105.636 16.368
201812 12.493 105.399 15.827
201903 12.488 106.979 15.587
201906 12.694 107.690 15.739
201909 12.822 107.611 15.910
201912 13.016 107.769 16.127
202003 12.666 107.927 15.670
202006 13.342 108.401 16.434
202009 13.709 108.164 16.923
202012 13.642 108.559 16.779
202103 13.936 110.298 16.871
202106 13.923 111.720 16.641
202109 14.290 112.905 16.900
202112 14.237 113.774 16.709
202203 14.314 117.646 16.246
202206 14.058 120.806 15.538
202209 14.435 120.648 15.976
202212 15.228 120.964 16.809
202303 15.529 122.702 16.899
202306 15.944 124.203 17.141
202309 16.420 125.230 17.508
202312 16.296 125.072 17.398
202403 18.511 126.258 19.577
202406 18.982 127.522 19.876
202409 17.737 127.285 18.607
202412 17.952 127.364 18.821
202503 18.513 129.181 19.136
202506 19.552 129.892 20.099
202509 20.350 130.287 20.856
202512 20.724 130.366 21.226
202603 21.204 132.262 21.407
202606 21.283 133.527 21.283

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 Stantec (STN) Overvalued in 2026?

Based on GuruFocus' analysis, Stantec stock appears to be undervalued. The current stock price of $70.74 is trading 21.3% below its estimated GF Value™ of $89.88. GuruFocus considers Stantec to be Modestly Undervalued.

Key valuation signals for STN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $89.88 vs. price of $70.74 (21.3% below fair value)
  • GF Score™: 89/100

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


Stantec Business Description

Other Exchanges S3A:GermanySTN:Canada
Address 10220 - 103 Avenue NW, Suite 300, Edmonton, AB, CAN, T5J 0K4
Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. It offers services through the following business operating units; Environmental Services, Infrastructure, Water, Buildings, and Energy & Resources. Maximum revenue is derived from its Infrastructure business unit, which is engaged in evaluating, planning, and designing infrastructure solutions for transportation, community development, and urban spaces. The company's reportable segments are the United States, which derives maximum revenue, Canada, and Global. These segments provide consulting in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics services in the area of infrastructure and facilities.
89GF Score

Get the complete analysis for STN

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

$70.74
Price
$89.88
GF Value