Quanta Services (TSX:PWRS) Cyclically Adjusted PS Ratio: 4.83 (As of Sep. 03, 2026) — 182% Above Median

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.

TSX:PWRS Quanta Services Inc TSX:PWRS
72 GF Score
Price C$23.51
GF Value C$18.06
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Quanta Services Cyclically Adjusted PS Ratio?

Quanta Services TSX:PWRS +1.77% 72 Cyclically Adjusted PS Ratio is 4.83 as of Sep. 03, 2026, which is 182% above its 10-year median of 1.71. GuruFocus rates TSX:PWRS with a GF Score™ of 72/100 and a GF Value™ of C$18.06 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,364 Construction companies, Quanta Services ranks worse than 92.23% on this metric.

As of today (2026-09-03), Quanta Services's current share price is C$23.51. Quanta Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$4.87. Quanta Services's Cyclically Adjusted PS Ratio for today is 4.83.

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

TSX:PWRS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.71   Max: 6.25
Current: 4.73

During the past years, Quanta Services's highest Cyclically Adjusted PS Ratio was 6.25. The lowest was 0.55. And the median was 1.71.

TSX:PWRS's Cyclically Adjusted PS Ratio is ranked worse than
92.23% of 1364 companies
in the Construction industry
Industry Median: 0.71 vs TSX:PWRS: 4.73

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.

Quanta Services's adjusted revenue per share data for the three months ended in Jun. 2026 was C$87.985. 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 C$4.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quanta Services  (TSX:PWRS) 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.


Quanta Services Cyclically Adjusted PS Ratio Related Terms


Quanta Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Quanta Services'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.

Quanta Services Cyclically Adjusted PS Ratio Chart

Quanta Services 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 1.83 1.91 2.47 3.13 3.60

Quanta Services 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 3.45 3.64 3.60 4.46 5.57

TSX:PWRS vs FIX, EME, MTZ: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Quanta Services'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.


Quanta Services Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSX:PWRS
72GF Score
Quanta Services Inc TSX:PWRS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quanta Services 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.

Quanta Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.51/4.87
=4.83

* 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.

Quanta Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Quanta Services'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)
=87.985/333.9520*333.9520
=87.985

Current CPI (Jun. 2026) = 333.9520.

Quanta Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.268 241.428 23.886
201612 18.112 241.432 25.053
201703 18.792 243.801 25.741
201706 18.733 244.955 25.539
201709 20.199 246.819 27.330
201712 20.001 246.524 27.094
201803 19.845 249.554 26.556
201806 22.552 251.989 29.887
201809 25.318 252.439 33.493
201812 27.636 251.233 36.735
201903 25.629 254.202 33.670
201906 25.625 256.143 33.409
201909 30.111 256.759 39.164
201912 27.528 256.974 35.774
202003 26.288 258.115 34.012
202006 23.665 257.797 30.656
202009 27.678 260.280 35.512
202012 25.544 260.474 32.750
202103 23.525 264.877 29.660
202106 25.350 271.696 31.159
202109 29.444 274.310 35.846
202112 33.899 278.802 40.605
202203 33.903 287.504 39.380
202206 36.560 296.311 41.204
202209 40.283 296.808 45.324
202212 40.628 296.797 45.714
202303 40.764 301.836 45.101
202306 45.086 305.109 49.348
202309 51.115 307.789 55.460
202312 52.063 306.746 56.681
202403 45.605 312.332 48.762
202406 51.186 314.175 54.408
202409 58.421 315.301 61.877
202412 62.041 315.605 65.648
202503 59.276 319.799 61.899
202506 61.338 322.561 63.504
202509 69.687 324.800 71.651
202512 71.274 324.054 73.451
202603 71.040 330.213 71.844
202606 87.985 333.952 87.985

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 4.83 mean?
Quanta Services (TSX:PWRS) has a Cyclically Adjusted PS Ratio of 4.83 as of Sep. 03, 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 Quanta Services and its competitors. This is 182% above median its historical median of 1.71. Over the past decade, Quanta Services' Cyclically Adjusted PS Ratio has ranged from 0.55 to 6.25. According to the industry distribution chart, Quanta Services ranks #1258 out of 1364 companies in the Construction industry, placing it in the top 92.2%.
Is Quanta Services' Cyclically Adjusted PS Ratio too high?
Quanta Services' current Cyclically Adjusted PS Ratio of 4.83 is 182% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 6.25. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Quanta Services' value of 4.83 is 580.3% above this industry median. Based on the distribution chart, Quanta Services ranks #1258 out of 1364 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Quanta Services has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quanta Services' Cyclically Adjusted PS Ratio compare to FIX and EME?
According to the Construction industry distribution chart, Quanta Services ranks #1258 out of 1364 companies for Cyclically Adjusted PS Ratio. This places Quanta Services in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Quanta Services' value of 4.83 is 580.3% above this benchmark. Historically, Quanta Services' own Cyclically Adjusted PS Ratio has ranged from 0.55 to 6.25 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 0.71, Quanta Services 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 0.71, based on 1,364 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. Quanta Services's current Cyclically Adjusted PS Ratio of 4.83 is 580.3% 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 Quanta Services and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quanta Services's current Cyclically Adjusted PS Ratio is 4.83, which is 182% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quanta Services stock overvalued right now?
Based on GuruFocus' analysis, Quanta Services (TSX:PWRS) is currently considered Modestly Overvalued. The stock's GF Value™ is C$18.06, compared to a current price of C$23.51 — trading 30.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.83, which is 182% above median its 10-year median of 1.71 and 580.3% above the Construction industry median of 0.71. Quanta Services' overall GF Score™ is 72/100 with 2 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 Quanta Services (TSX:PWRS), the current Cyclically Adjusted PS Ratio is 4.83 as of Sep. 03, 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 Quanta Services (TSX:PWRS) Overvalued in 2026?

Based on GuruFocus' analysis, Quanta Services stock appears to be overvalued. The current stock price of C$23.51 is trading 30.2% above its estimated GF Value™ of C$18.06. GuruFocus considers Quanta Services to be Modestly Overvalued.

Key valuation signals for TSX:PWRS:

  • Cyclically Adjusted PS Ratio: 4.83 (182% above median its 10-year median of 1.71)
  • GF Value™: C$18.06 vs. price of C$23.51 (30.2% above fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 580.3% above the Construction median (#1258 of 1364)

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


Quanta Services Business Description

Address 2727 North Loop West, Houston, TX, USA, 77008
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two segments: electric and underground utility and infrastructure.
72GF Score

Get the complete analysis for TSX:PWRS

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

C$23.51
Price
C$18.06
GF Value