North American Construction Group (FRA:N5Z) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:N5Z North American Construction Group Ltd FRA:N5Z
84 GF Score
Price €10.20
GF Value €20.85
! 8 Warning Signs
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What is North American Construction Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


North American Construction Group  (FRA:N5Z) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


North American Construction Group Cyclically Adjusted PS Ratio Related Terms


North American Construction Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for North American Construction Group's Cyclically Adjusted PS 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 PS Ratio Chart

North American Construction Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.08 1.49 1.45 0.75

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 PS 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 0.91 0.75 0.73 0.65 0.62

FRA:N5Z vs SLB, BKR, HAL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, North American Construction Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Oil & Gas Industry

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

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


FRA:N5Z
84GF Score
North American Construction Group Ltd FRA:N5Z
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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North American Construction Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

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

For example, North American Construction Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.914/133.5265*133.5265
=8.914

Current CPI (Jun. 2026) = 133.5265.

North American Construction Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.127 101.765 1.479
201612 1.528 101.449 2.011
201703 2.084 102.634 2.711
201706 1.182 103.029 1.532
201709 1.820 103.345 2.352
201712 2.014 103.345 2.602
201803 2.314 105.004 2.943
201806 1.867 105.557 2.362
201809 2.037 105.636 2.575
201812 2.797 105.399 3.543
201903 3.936 106.979 4.913
201906 3.534 107.690 4.382
201909 3.399 107.611 4.218
201912 3.887 107.769 4.816
202003 4.033 107.927 4.990
202006 1.399 108.401 1.723
202009 1.935 108.164 2.389
202012 2.640 108.559 3.247
202103 3.401 110.298 4.117
202106 3.155 111.720 3.771
202109 3.175 112.905 3.755
202112 3.575 113.774 4.196
202203 3.542 117.646 4.020
202206 4.183 120.806 4.623
202209 4.363 120.648 4.829
202212 5.119 120.964 5.651
202303 5.111 122.702 5.562
202306 4.045 124.203 4.349
202309 4.089 125.230 4.360
202312 6.789 125.072 7.248
202403 6.144 126.258 6.498
202406 5.681 127.522 5.949
202409 5.786 127.285 6.070
202412 7.644 127.364 8.014
202503 7.820 129.181 8.083
202506 6.274 129.892 6.450
202509 6.106 130.287 6.258
202512 6.668 130.366 6.830
202603 6.978 132.262 7.045
202606 8.914 133.527 8.914

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 North American Construction Group (FRA:N5Z) Overvalued in 2026?

Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued. The current stock price of €10.20 is trading 51.1% below its estimated GF Value™ of €20.85.

Key valuation signals for FRA:N5Z:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €20.85 vs. price of €10.20 (51.1% below fair value)
  • GF Score™: 84/100 with 8 warning signs

No single metric tells the full story. See the FRA: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
Other Exchanges NOA:USANOA:Canada
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.
84GF Score

Get the complete analysis for FRA:N5Z

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

€10.20
Price
€20.85
GF Value