ACS Actividades de Construccion y Servicios (LTS:0HAC) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0HAC ACS Actividades de Construccion y Servicios SA LTS:0HAC
88 GF Score
Price €93.10
GF Value €83.67
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is ACS Actividades de Construccion y Servicios Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ACS Actividades de Construccion y Servicios  (LTS:0HAC) 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.


ACS Actividades de Construccion y Servicios Cyclically Adjusted PS Ratio Related Terms


ACS Actividades de Construccion y Servicios Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ACS Actividades de Construccion y Servicios'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.

ACS Actividades de Construccion y Servicios Cyclically Adjusted PS Ratio Chart

ACS Actividades de Construccion y Servicios 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 0.19 0.21 0.31 0.35 0.59

ACS Actividades de Construccion y Servicios Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.30 0.35 0.42 0.58 0.84

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

For the Engineering & Construction subindustry, ACS Actividades de Construccion y Servicios'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.


ACS Actividades de Construccion y Servicios Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, ACS Actividades de Construccion y Servicios's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ACS Actividades de Construccion y Servicios's Cyclically Adjusted PS Ratio falls into.


LTS:0HAC
88GF Score
ACS Actividades de Construccion y Servicios SA LTS:0HAC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ACS Actividades de Construccion y Servicios 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.

ACS Actividades de Construccion y Servicios's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, ACS Actividades de Construccion y Servicios'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)
=193.61/128.4000*128.4000
=193.610

Current CPI (Dec25) = 128.4000.

ACS Actividades de Construccion y Servicios Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 103.792 101.842 130.858
201712 111.837 102.975 139.450
201812 117.819 104.193 145.191
201912 126.983 105.015 155.260
202012 99.727 104.456 122.587
202112 98.127 111.298 113.205
202212 125.910 117.650 137.414
202312 137.284 121.300 145.320
202412 162.504 124.753 167.254
202512 193.610 128.400 193.610

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 ACS Actividades de Construccion y Servicios (LTS:0HAC) Overvalued in 2026?

Based on GuruFocus' analysis, ACS Actividades de Construccion y Servicios stock appears to be overvalued. The current stock price of €93.10 is trading 11.3% above its estimated GF Value™ of €83.67. GuruFocus considers ACS Actividades de Construccion y Servicios to be Modestly Overvalued.

Key valuation signals for LTS:0HAC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €83.67 vs. price of €93.10 (11.3% above fair value)
  • GF Score™: 88/100 with 4 warning signs

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


ACS Actividades de Construccion y Servicios Business Description

Address 102, Avenida Pio XII, Madrid, ESP, 28036
ACS Actividades de Construccion y Servicios SA completes construction and service activities for infrastructure and energy projects. In addition to infrastructure-related developments, the company constructs buildings and projects related to the mining sector. It has four operating segments: construction (majority of total revenue), Concessions, Services (which offers comprehensive maintenance services for buildings, public places and organisations) and corporate. Its services revolve around industrial engineering and operating energy, industrial, and mobility infrastructures. Additional sales are generated from aftermarket services and contracts to perform upkeep on existing structures. Approximately half of total revenue derives from the Americas.
88GF Score

Get the complete analysis for LTS:0HAC

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

€93.10
Price
€83.67
GF Value