Hochtief AG (LTS:0EPW) Cyclically Adjusted PS Ratio: 1.03 (As of Jul. 26, 2026) — 268% Above Median

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LTS:0EPW Hochtief AG LTS:0EPW
71 GF Score
Price €449.10
GF Value €162.04
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hochtief AG Cyclically Adjusted PS Ratio?

Hochtief AG LTS:0EPW +1.08% 71 Cyclically Adjusted PS Ratio is 1.03 as of Jul. 26, 2026, which is 268% above its 10-year median of 0.28. GuruFocus rates LTS:0EPW with a GF Score™ of 71/100 and a GF Value™ of €162.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,358 Construction companies, Hochtief AG ranks worse than 62.08% on this metric.

As of today (2026-07-26), Hochtief AG's current share price is €449.10. Hochtief AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €437.16. Hochtief AG's Cyclically Adjusted PS Ratio for today is 1.03.

The historical rank and industry rank for Hochtief AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0EPW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.28   Max: 1.26
Current: 1.02

During the past years, Hochtief AG's highest Cyclically Adjusted PS Ratio was 1.26. The lowest was 0.12. And the median was 0.28.

LTS:0EPW's Cyclically Adjusted PS Ratio is ranked worse than
62.08% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs LTS:0EPW: 1.02

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Hochtief AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €124.847. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €437.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hochtief AG  (LTS:0EPW) 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.


Hochtief AG Cyclically Adjusted PS Ratio Related Terms


Hochtief AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hochtief 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.

Hochtief AG Cyclically Adjusted PS Ratio Chart

Hochtief 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 0.20 0.14 0.25 0.32 0.79

Hochtief AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.38 0.40 0.54 0.79 0.88

LTS:0EPW vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Hochtief 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.


Hochtief AG Cyclically Adjusted PS Ratio vs Construction Industry

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

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


LTS:0EPW
71GF Score
Hochtief AG LTS:0EPW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hochtief 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.

Hochtief AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=449.10/437.16
=1.03

* 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.

Hochtief AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hochtief AG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=124.847/131.2583*131.2583
=124.847

Current CPI (Mar. 2026) = 131.2583.

Hochtief AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 77.072 100.717 100.443
201609 78.310 101.017 101.754
201612 85.778 101.217 111.237
201703 79.896 101.417 103.405
201706 91.338 102.117 117.403
201709 85.846 102.717 109.699
201712 94.889 102.617 121.373
201803 81.957 102.917 104.526
201806 92.385 104.017 116.580
201809 96.461 104.718 120.909
201812 93.934 104.217 118.307
201903 81.184 104.217 102.249
201906 88.883 105.718 110.357
201909 95.470 106.018 118.199
201912 100.530 105.818 124.699
202003 87.175 105.718 108.236
202006 83.099 106.618 102.304
202009 86.442 105.818 107.224
202012 73.855 105.518 91.872
202103 72.366 107.518 88.345
202106 78.244 108.486 94.668
202109 77.996 109.435 93.550
202112 84.934 110.384 100.996
202203 78.292 113.968 90.170
202206 94.883 115.760 107.586
202209 95.482 118.818 105.479
202212 94.332 119.345 103.749
202303 82.313 122.402 88.268
202306 90.771 123.140 96.755
202309 97.674 124.195 103.229
202312 98.311 123.773 104.257
202403 89.837 125.038 94.306
202406 104.946 125.882 109.429
202409 118.636 126.198 123.393
202412 129.263 127.041 133.554
202503 118.529 127.779 121.756
202506 125.636 128.412 128.421
202509 129.443 129.255 131.449
202512 134.596 129.361 136.571
202603 124.847 131.258 124.847

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.

What does a Cyclically Adjusted PS Ratio of 1.03 mean?
Hochtief AG (LTS:0EPW) has a Cyclically Adjusted PS Ratio of 1.03 as of Jul. 26, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hochtief AG and its competitors. This is 268% above median its historical median of 0.28. Over the past decade, Hochtief AG's Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.26. According to the industry distribution chart, Hochtief AG ranks #843 out of 1358 companies in the Construction industry, placing it in the top 62.1%.
Is Hochtief AG's Cyclically Adjusted PS Ratio too high?
Hochtief AG's current Cyclically Adjusted PS Ratio of 1.03 is 268% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.26. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Hochtief AG's value of 1.03 is 47.1% above this industry median. Based on the distribution chart, Hochtief AG ranks #843 out of 1358 companies in the Construction industry, which is below the industry midpoint. Overall, Hochtief AG has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochtief AG's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Hochtief AG ranks #843 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Hochtief AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Hochtief AG's value of 1.03 is 47.1% above this benchmark. Historically, Hochtief AG's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.26 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.70, Hochtief AG 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 PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hochtief AG's current Cyclically Adjusted PS Ratio of 1.03 is 47.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hochtief AG and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hochtief AG's current Cyclically Adjusted PS Ratio is 1.03, which is 268% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochtief AG stock overvalued right now?
Based on GuruFocus' analysis, Hochtief AG (LTS:0EPW) is currently considered Significantly Overvalued. The stock's GF Value™ is €162.04, compared to a current price of €449.10 — trading 177.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.03, which is 268% above median its 10-year median of 0.28 and 47.1% above the Construction industry median of 0.70. Hochtief AG's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Hochtief AG (LTS:0EPW), the current Cyclically Adjusted PS Ratio is 1.03 as of Jul. 26, 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 Hochtief AG (LTS:0EPW) Overvalued in 2026?

Based on GuruFocus' analysis, Hochtief AG stock appears to be overvalued. The current stock price of €449.10 is trading 177.2% above its estimated GF Value™ of €162.04. GuruFocus considers Hochtief AG to be Significantly Overvalued.

Key valuation signals for LTS:0EPW:

  • Cyclically Adjusted PS Ratio: 1.03 (268% above median its 10-year median of 0.28)
  • GF Value™: €162.04 vs. price of €449.10 (177.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 47.1% above the Construction median (#843 of 1358)

No single metric tells the full story. See the LTS:0EPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hochtief AG Business Description

Address Alfredstrasse 236, Essen, NW, DEU, 45133
Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Its regional divisions are Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where the company's assets are located.
71GF Score

Get the complete analysis for LTS:0EPW

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

€449.10
Price
€162.04
GF Value