Grupo Empresarialn Jose (XMAD:GSJ) Cyclically Adjusted PB Ratio: 3.91 (As of Jul. 22, 2026) — 15% Above Median

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XMAD:GSJ Grupo Empresarial San Jose SA XMAD:GSJ
80 GF Score
Price €8.18
GF Value €7.41
Valuation Fairly Valued
! 3 Warning Signs
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What is Grupo Empresarialn Jose Cyclically Adjusted PB Ratio?

Grupo Empresarialn Jose XMAD:GSJ +1.11% 80 Cyclically Adjusted PB Ratio is 3.91 as of Jul. 22, 2026, which is 15% above its 10-year median of 3.39. GuruFocus rates XMAD:GSJ with a GF Score™ of 80/100 and a GF Value™ of €7.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,361 Construction companies, Grupo Empresarialn Jose ranks worse than 84.13% on this metric.

As of today (2026-07-22), Grupo Empresarialn Jose's current share price is €8.18. Grupo Empresarialn Jose's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.09. Grupo Empresarialn Jose's Cyclically Adjusted PB Ratio for today is 3.91.

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

XMAD:GSJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.03   Med: 3.39   Max: 4.7
Current: 3.88

During the past years, Grupo Empresarialn Jose's highest Cyclically Adjusted PB Ratio was 4.70. The lowest was 2.03. And the median was 3.39.

XMAD:GSJ's Cyclically Adjusted PB Ratio is ranked worse than
84.13% of 1361 companies
in the Construction industry
Industry Median: 1.18 vs XMAD:GSJ: 3.88

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.

Grupo Empresarialn Jose's adjusted book value per share data for the three months ended in Mar. 2026 was €4.082. 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 €2.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Empresarialn Jose  (XMAD:GSJ) 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.


Grupo Empresarialn Jose Cyclically Adjusted PB Ratio Related Terms


Grupo Empresarialn Jose Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Empresarialn Jose'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.

Grupo Empresarialn Jose Cyclically Adjusted PB Ratio Chart

Grupo Empresarialn Jose 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 3.68 3.41 2.89 3.31 3.79

Grupo Empresarialn Jose Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.39 3.42 3.62 3.79 3.79

XMAD:GSJ vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Grupo Empresarialn Jose'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.


Grupo Empresarialn Jose Cyclically Adjusted PB Ratio vs Construction Industry

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

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


XMAD:GSJ
80GF Score
Grupo Empresarial San Jose SA XMAD:GSJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Empresarialn Jose 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.

Grupo Empresarialn Jose's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.18/2.09
=3.91

* 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.

Grupo Empresarialn Jose's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupo Empresarialn Jose's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.082/129.8600*129.8600
=4.082

Current CPI (Mar. 2026) = 129.8600.

Grupo Empresarialn Jose Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.798 100.333 -1.033
201609 0.774 99.737 1.008
201612 -0.676 101.842 -0.862
201703 0.986 100.896 1.269
201706 -0.697 101.848 -0.889
201709 0.934 101.524 1.195
201712 -0.757 102.975 -0.955
201803 0.912 102.122 1.160
201806 -0.787 104.165 -0.981
201809 0.932 103.818 1.166
201812 -0.467 104.193 -0.582
201903 1.243 103.488 1.560
201906 -0.247 104.612 -0.307
201909 1.610 103.905 2.012
201912 2.091 105.015 2.586
202003 2.133 103.469 2.677
202006 2.115 104.254 2.634
202009 1.968 103.521 2.469
202012 2.204 104.456 2.740
202103 2.323 104.857 2.877
202106 2.299 107.102 2.788
202109 2.153 107.669 2.597
202112 2.332 111.298 2.721
202203 2.482 115.153 2.799
202206 2.532 118.044 2.785
202209 2.665 117.221 2.952
202212 2.683 117.650 2.961
202303 2.898 118.948 3.164
202306 2.880 120.278 3.109
202309 2.832 121.343 3.031
202312 2.789 121.300 2.986
202403 3.020 122.762 3.195
202406 3.170 124.409 3.309
202409 3.158 123.121 3.331
202412 3.356 124.753 3.493
202503 3.522 125.531 3.643
202506 3.296 127.251 3.364
202509 3.473 126.840 3.556
202512 3.813 128.400 3.856
202603 4.082 129.860 4.082

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 3.91 mean?
Grupo Empresarialn Jose (XMAD:GSJ) has a Cyclically Adjusted PB Ratio of 3.91 as of Jul. 22, 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 Grupo Empresarialn Jose and its competitors. This is 15% above median its historical median of 3.39. Over the past decade, Grupo Empresarialn Jose's Cyclically Adjusted PB Ratio has ranged from 2.03 to 4.70. According to the industry distribution chart, Grupo Empresarialn Jose ranks #1145 out of 1361 companies in the Construction industry, placing it in the top 84.1%.
Is Grupo Empresarialn Jose's Cyclically Adjusted PB Ratio too high?
Grupo Empresarialn Jose's current Cyclically Adjusted PB Ratio of 3.91 is 15% above median its 10-year median of 3.39. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 4.70. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Grupo Empresarialn Jose's value of 3.91 is 231.4% above this industry median. Based on the distribution chart, Grupo Empresarialn Jose ranks #1145 out of 1361 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Grupo Empresarialn Jose has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupo Empresarialn Jose's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Grupo Empresarialn Jose ranks #1145 out of 1361 companies for Cyclically Adjusted PB Ratio. This places Grupo Empresarialn Jose in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Grupo Empresarialn Jose's value of 3.91 is 231.4% above this benchmark. Historically, Grupo Empresarialn Jose's own Cyclically Adjusted PB Ratio has ranged from 2.03 to 4.70 over the past decade. While the company's 10-year median is 3.39 vs. the industry median of 1.18, Grupo Empresarialn Jose 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 1.18, based on 1,361 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. Grupo Empresarialn Jose's current Cyclically Adjusted PB Ratio of 3.91 is 231.4% 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 Grupo Empresarialn Jose and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Empresarialn Jose's current Cyclically Adjusted PB Ratio is 3.91, which is 15% above median its own 10-year median of 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Empresarialn Jose stock overvalued right now?
Based on GuruFocus' analysis, Grupo Empresarialn Jose (XMAD:GSJ) is currently considered Fairly Valued. The stock's GF Value™ is €7.41, compared to a current price of €8.18 — trading 10.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.91, which is 15% above median its 10-year median of 3.39 and 231.4% above the Construction industry median of 1.18. Grupo Empresarialn Jose's overall GF Score™ is 80/100 with 3 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 Grupo Empresarialn Jose (XMAD:GSJ), the current Cyclically Adjusted PB Ratio is 3.91 as of Jul. 22, 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 Grupo Empresarialn Jose (XMAD:GSJ) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Empresarialn Jose stock appears to be overvalued. The current stock price of €8.18 is trading 10.4% above its estimated GF Value™ of €7.41. GuruFocus considers Grupo Empresarialn Jose to be Fairly Valued.

Key valuation signals for XMAD:GSJ:

  • Cyclically Adjusted PB Ratio: 3.91 (15% above median its 10-year median of 3.39)
  • GF Value™: €7.41 vs. price of €8.18 (10.4% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 231.4% above the Construction median (#1145 of 1361)

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


Grupo Empresarialn Jose Business Description

Other Exchanges 0L91:UK
Address Rosalia de Castro, 44, Pontevedra, ESP, 36001
Grupo Empresarial San Jose SA is a holding company. It constructs hospitals, buildings and facilities, energy power plants, and infrastructure projects, as well as conserves parks and gardens; and undertakes civil, and engineering and industrial construction works. The company also researches and develops energy efficiency and renewable energy projects; and provides consultancy and project management services for real estate management, technology, and development projects.
80GF Score

Get the complete analysis for XMAD:GSJ

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

€8.18
Price
€7.41
GF Value