North American Construction Group (STU:N5Z) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 23, 2026) — 27% Below Median

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STU:N5Z North American Construction Group Ltd STU:N5Z
87 GF Score
Price €11.80
GF Value €21.31
! 6 Warning Signs
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What is North American Construction Group Cyclically Adjusted PB Ratio?

North American Construction Group STU:N5Z +2.61% 87 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 23, 2026, which is 27% below its 10-year median of 2.33. GuruFocus rates STU:N5Z with a GF Score™ of 87/100 and a GF Value™ of €21.31. The stock has 6 warning signs investors should review. Among 757 Oil & Gas companies, North American Construction Group ranks worse than 63.14% on this metric.

As of today (2026-08-23), North American Construction Group's current share price is €11.80. North American Construction Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €6.95. North American Construction Group's Cyclically Adjusted PB Ratio for today is 1.70.

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

STU:N5Z' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 2.33   Max: 4.04
Current: 1.69

During the past years, North American Construction Group's highest Cyclically Adjusted PB Ratio was 4.04. The lowest was 0.57. And the median was 2.33.

STU:N5Z's Cyclically Adjusted PB Ratio is ranked worse than
63.14% of 757 companies
in the Oil & Gas industry
Industry Median: 1.23 vs STU:N5Z: 1.69

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.

North American Construction Group's adjusted book value per share data for the three months ended in Jun. 2026 was €11.071. 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 €6.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


North American Construction Group  (STU:N5Z) 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.


North American Construction Group Cyclically Adjusted PB Ratio Related Terms


North American Construction Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for North American Construction Group'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.

North American Construction Group Cyclically Adjusted PB Ratio Chart

North American Construction Group 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 2.91 2.37 3.21 3.26 1.86

North American Construction Group 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 2.15 1.90 1.86 1.70 1.65

STU:N5Z vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, North American Construction Group'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.


North American Construction Group Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, North American Construction Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where North American Construction Group's Cyclically Adjusted PB Ratio falls into.


STU:N5Z
87GF Score
North American Construction Group Ltd STU:N5Z
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North American Construction Group 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.

North American Construction Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.80/6.95
=1.70

* 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.

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

For example, North American Construction Group'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)
=11.071/133.5265*133.5265
=11.071

Current CPI (Jun. 2026) = 133.5265.

North American Construction Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.797 101.765 4.982
201612 3.991 101.449 5.253
201703 4.152 102.634 5.402
201706 3.780 103.029 4.899
201709 3.846 103.345 4.969
201712 3.794 103.345 4.902
201803 3.856 105.004 4.903
201806 3.998 105.557 5.057
201809 3.841 105.636 4.855
201812 3.917 105.399 4.962
201903 4.161 106.979 5.194
201906 4.565 107.690 5.660
201909 4.590 107.611 5.695
201912 4.775 107.769 5.916
202003 4.911 107.927 6.076
202006 5.329 108.401 6.564
202009 5.247 108.164 6.477
202012 5.466 108.559 6.723
202103 5.991 110.298 7.253
202106 6.137 111.720 7.335
202109 6.204 112.905 7.337
202112 6.766 113.774 7.941
202203 7.321 117.646 8.309
202206 7.543 120.806 8.337
202209 8.052 120.648 8.912
202212 8.046 120.964 8.882
202303 8.430 122.702 9.174
202306 8.855 124.203 9.520
202309 8.795 125.230 9.378
202312 9.118 125.072 9.734
202403 9.304 126.258 9.840
202406 9.628 127.522 10.081
202409 9.716 127.285 10.192
202412 9.765 127.364 10.238
202503 10.056 129.181 10.394
202506 10.009 129.892 10.289
202509 10.153 130.287 10.405
202512 10.114 130.366 10.359
202603 10.920 132.262 11.024
202606 11.071 133.527 11.071

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 1.70 mean?
North American Construction Group (STU:N5Z) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 23, 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 North American Construction Group and its competitors. This is 27% below median its historical median of 2.33. Over the past decade, North American Construction Group's Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.04. According to the industry distribution chart, North American Construction Group ranks #478 out of 757 companies in the Oil & Gas industry, placing it in the top 63.1%.
Is North American Construction Group's Cyclically Adjusted PB Ratio too high?
North American Construction Group's current Cyclically Adjusted PB Ratio of 1.70 is 27% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 4.04. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.23. North American Construction Group's value of 1.70 is 38.2% above this industry median. Based on the distribution chart, North American Construction Group ranks #478 out of 757 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, North American Construction Group has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #478 out of 757 companies for Cyclically Adjusted PB Ratio. This places North American Construction Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. North American Construction Group's value of 1.70 is 38.2% above this benchmark. Historically, North American Construction Group's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.04 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 1.23, North American Construction Group 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 an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.23, based on 757 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. North American Construction Group's current Cyclically Adjusted PB Ratio of 1.70 is 38.2% 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 North American Construction Group and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current Cyclically Adjusted PB Ratio is 1.70, which is 27% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Construction Group stock overvalued right now?
North American Construction Group (STU:N5Z) has a current Cyclically Adjusted PB Ratio of 1.70. The stock's GF Value™ is €21.31, compared to a current price of €11.80 — trading 44.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 27% below median its 10-year median of 2.33 and 38.2% above the Oil & Gas industry median of 1.23. North American Construction Group's overall GF Score™ is 87/100 with 6 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 North American Construction Group (STU:N5Z), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 23, 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 North American Construction Group (STU:N5Z) Overvalued in 2026?

Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued. The current stock price of €11.80 is trading 44.6% below its estimated GF Value™ of €21.31.

Key valuation signals for STU:N5Z:

  • Cyclically Adjusted PB Ratio: 1.70 (27% below median its 10-year median of 2.33)
  • GF Value™: €21.31 vs. price of €11.80 (44.6% below fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 38.2% above the Oil & Gas median (#478 of 757)

No single metric tells the full story. See the STU:N5Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North American Construction Group Business Description

Industry EnergyOil & Gas
Address 27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8
North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.
87GF Score

Get the complete analysis for STU:N5Z

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

€11.80
Price
€21.31
GF Value