Implenia AG (HAM:I8T) Cyclically Adjusted PS Ratio: (As of Aug. 04, 2026)

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HAM:I8T Implenia AG HAM:I8T
65 GF Score
Price €67.30
GF Value €38.04
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Implenia AG Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Implenia AG  (HAM:I8T) 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.


Implenia AG Cyclically Adjusted PS Ratio Related Terms


Implenia AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Implenia AG'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.

Implenia AG Cyclically Adjusted PS Ratio Chart

Implenia AG 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 0.11 0.20 0.16 0.16 0.39

Implenia AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.16 0.00 0.16 0.00 0.39

HAM:I8T vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Implenia AG'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.


Implenia AG Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where Implenia AG's Cyclically Adjusted PS Ratio falls into.


HAM:I8T
65GF Score
Implenia AG HAM:I8T
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Implenia AG 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.

Implenia AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Implenia AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=201.554/107.2000*107.2000
=201.554

Current CPI (Dec25) = 107.2000.

Implenia AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 147.319 99.380 158.912
201712 160.096 100.213 171.258
201812 187.361 100.906 199.048
201912 195.508 101.063 207.380
202012 174.862 100.241 187.002
202112 171.081 101.776 180.199
202212 191.489 104.666 196.125
202312 204.833 106.461 206.254
202412 206.555 107.128 206.694
202512 201.554 107.200 201.554

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 Implenia AG (HAM:I8T) Overvalued in 2026?

Based on GuruFocus' analysis, Implenia AG stock appears to be overvalued. The current stock price of €67.30 is trading 76.9% above its estimated GF Value™ of €38.04. GuruFocus considers Implenia AG to be Significantly Overvalued.

Key valuation signals for HAM:I8T:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €38.04 vs. price of €67.30 (76.9% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the HAM:I8T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Implenia AG Business Description

Address Thurgauerstrasse 101A, Glattpark, Opfikon, Zurich, CHE, CH-8152
Implenia AG is a construction service company. The company operates through four business segments: Buildings, Civil engineering, and Service Solutions. The company's projects include complex new construction, modernization work on existing properties, tunnel construction, civil engineering, and others. The company generates majority of its revenue from Civil engineering segments, and more than half of its revenue is earned in Switzerland.
65GF Score

Get the complete analysis for HAM:I8T

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

€67.30
Price
€38.04
GF Value