Budimex (WAR:BDX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
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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.

WAR:BDX Budimex SA WAR:BDX
97 GF Score
Price zł698.80
GF Value zł663.33
Valuation Fairly Valued
! 6 Warning Signs
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What is Budimex Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Budimex  (WAR:BDX) 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.


Budimex Cyclically Adjusted PS Ratio Related Terms


Budimex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Budimex'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.

Budimex Cyclically Adjusted PS Ratio Chart

Budimex 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 0.80 0.86 1.73 1.21 1.60

Budimex 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 1.40 1.27 1.58 1.59 1.78

WAR:BDX vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Budimex'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.


Budimex Cyclically Adjusted PS Ratio vs Construction Industry

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

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


WAR:BDX
97GF Score
Budimex SA WAR:BDX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Budimex 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.

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

For example, Budimex'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)
=107.081/162.2800*162.2800
=107.081

Current CPI (Jun. 2026) = 162.2800.

Budimex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 66.169 99.064 108.394
201612 56.924 100.366 92.039
201703 41.235 101.018 66.242
201706 65.375 101.180 104.853
201709 71.742 101.343 114.880
201712 71.130 102.564 112.544
201803 52.441 102.564 82.974
201806 76.922 103.378 120.750
201809 81.747 103.378 128.324
201812 78.239 103.785 122.336
201903 54.064 104.274 84.139
201906 73.175 105.983 112.045
201909 83.593 105.983 127.997
201912 85.668 107.123 129.779
202003 57.579 109.076 85.664
202006 77.954 109.402 115.632
202009 84.466 109.320 125.385
202012 81.962 109.565 121.397
202103 48.758 112.658 70.234
202106 78.194 113.960 111.349
202109 89.805 115.588 126.082
202112 93.120 119.088 126.893
202203 62.631 125.031 81.290
202206 93.977 131.705 115.793
202209 92.838 135.531 111.161
202212 88.157 139.113 102.838
202303 75.966 145.950 84.465
202306 93.165 147.009 102.843
202309 104.815 146.113 116.412
202312 109.973 147.741 120.795
202403 64.429 149.044 70.151
202406 93.823 150.997 100.834
202409 96.757 153.439 102.332
202412 102.133 154.660 107.165
202503 64.319 157.021 66.473
202506 90.294 157.509 93.029
202509 96.423 158.000 99.035
202512 118.667 158.320 121.635
202603 58.620 163.070 58.336
202606 107.081 162.280 107.081

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 Budimex (WAR:BDX) Overvalued in 2026?

Based on GuruFocus' analysis, Budimex stock appears to be overvalued. The current stock price of zł698.80 is trading 5.3% above its estimated GF Value™ of zł663.33. GuruFocus considers Budimex to be Fairly Valued.

Key valuation signals for WAR:BDX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł663.33 vs. price of zł698.80 (5.3% above fair value)
  • GF Score™: 97/100 with 6 warning signs

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


Budimex Business Description

Other Exchanges FBF:Germany
Address Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to coordinate resources and construct complex structures. The company has two operating segments: Construction business and Service activities. The company generates a majority of its revenue from the Construction business segment, which covers the rendering of widely understood construction and assembly services at home and abroad. The segment of Service activities comprises comprehensive services in the field of municipal waste management, comprehensive road and lighting infrastructure maintenance, and technical operation (maintenance) of buildings. Geographically, the company generates maximum revenue from Poland, followed by Germany, Slovakia, Czechia, Latvia, and other EU countries.
97GF Score

Get the complete analysis for WAR:BDX

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

zł698.80
Price
zł663.33
GF Value