Bouygues (WBO:EN) Cyclically Adjusted PS Ratio: 0.37 (As of Jul. 18, 2026) — 16% 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.

WBO:EN Bouygues WBO:EN
73 GF Score
Price €47.87
GF Value €35.30
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Bouygues Cyclically Adjusted PS Ratio?

Bouygues WBO:EN -0.06% 73 Cyclically Adjusted PS Ratio is 0.37 as of Jul. 18, 2026, which is 16% above its 10-year median of 0.32. GuruFocus rates WBO:EN with a GF Score™ of 73/100 and a GF Value™ of €35.30 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,356 Construction companies, Bouygues ranks better than 70.28% on this metric.

As of today (2026-07-18), Bouygues's current share price is €47.87. Bouygues's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €128.08. Bouygues's Cyclically Adjusted PS Ratio for today is 0.37.

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

WBO:EN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.32   Max: 0.46
Current: 0.37

During the past years, Bouygues's highest Cyclically Adjusted PS Ratio was 0.46. The lowest was 0.24. And the median was 0.32.

WBO:EN's Cyclically Adjusted PS Ratio is ranked better than
70.28% of 1356 companies
in the Construction industry
Industry Median: 0.71 vs WBO:EN: 0.37

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.

Bouygues's adjusted revenue per share data for the three months ended in Mar. 2026 was €31.126. 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 €128.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bouygues  (WBO:EN) 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.


Bouygues Cyclically Adjusted PS Ratio Related Terms


Bouygues Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bouygues'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.

Bouygues Cyclically Adjusted PS Ratio Chart

Bouygues 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 0.31 0.26 0.30 0.24 0.36

Bouygues 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 0.30 0.31 0.31 0.36 0.39

WBO:EN vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Bouygues'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.


Bouygues Cyclically Adjusted PS Ratio vs Construction Industry

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

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


WBO:EN
73GF Score
Bouygues WBO:EN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bouygues 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.

Bouygues's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47.87/128.08
=0.37

* 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.

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

For example, Bouygues'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)
=31.126/122.4200*122.4200
=31.126

Current CPI (Mar. 2026) = 122.4200.

Bouygues Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 23.549 100.630 28.648
201609 24.223 100.340 29.553
201612 24.642 100.650 29.972
201703 18.343 101.170 22.196
201706 22.817 101.320 27.569
201709 24.144 101.330 29.169
201712 25.427 101.850 30.562
201803 19.503 102.750 23.237
201806 24.264 103.370 28.736
201809 25.749 103.560 30.438
201812 28.027 103.470 33.160
201903 21.652 103.890 25.514
201906 25.530 104.580 29.885
201909 27.320 104.500 32.005
201912 27.391 104.980 31.941
202003 19.162 104.590 22.429
202006 18.888 104.790 22.066
202009 26.723 104.550 31.291
202012 25.952 104.960 30.269
202103 22.149 105.750 25.640
202106 25.294 106.340 29.119
202109 26.331 106.810 30.179
202112 26.153 107.850 29.686
202203 21.334 110.490 23.638
202206 26.790 112.550 29.139
202209 29.235 112.740 31.745
202212 39.187 114.160 42.022
202303 32.284 116.790 33.840
202306 37.814 117.650 39.347
202309 39.243 118.260 40.623
202312 40.303 118.390 41.675
202403 32.931 119.470 33.744
202406 37.678 120.200 38.374
202409 39.762 119.560 40.713
202412 40.192 119.950 41.020
202503 33.089 120.380 33.650
202506 37.815 121.360 38.145
202509 39.128 120.950 39.604
202512 38.730 120.900 39.217
202603 31.126 122.420 31.126

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 0.37 mean?
Bouygues (WBO:EN) has a Cyclically Adjusted PS Ratio of 0.37 as of Jul. 18, 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 Bouygues and its competitors. This is 16% above median its historical median of 0.32. Over the past decade, Bouygues' Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.46. According to the industry distribution chart, Bouygues ranks #403 out of 1356 companies in the Construction industry, placing it in the top 29.7%.
Is Bouygues' Cyclically Adjusted PS Ratio too high?
Bouygues' current Cyclically Adjusted PS Ratio of 0.37 is 16% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.46. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Bouygues' value of 0.37 is 47.9% below this industry median. Based on the distribution chart, Bouygues ranks #403 out of 1356 companies in the Construction industry, which is above the industry midpoint. Overall, Bouygues has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bouygues' Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Bouygues ranks #403 out of 1356 companies for Cyclically Adjusted PS Ratio. This puts Bouygues in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Bouygues' value of 0.37 is 47.9% below this benchmark. Historically, Bouygues' own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.46 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.71, Bouygues has consistently been below 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 1,356 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. Bouygues's current Cyclically Adjusted PS Ratio of 0.37 is 47.9% below 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 Bouygues 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. Bouygues's current Cyclically Adjusted PS Ratio is 0.37, which is 16% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bouygues stock overvalued right now?
Based on GuruFocus' analysis, Bouygues (WBO:EN) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.30, compared to a current price of €47.87 — trading 35.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.37, which is 16% above median its 10-year median of 0.32 and 47.9% below the Construction industry median of 0.71. Bouygues' overall GF Score™ is 73/100 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 Bouygues (WBO:EN), the current Cyclically Adjusted PS Ratio is 0.37 as of Jul. 18, 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 Bouygues (WBO:EN) Overvalued in 2026?

Based on GuruFocus' analysis, Bouygues stock appears to be overvalued. The current stock price of €47.87 is trading 35.6% above its estimated GF Value™ of €35.30. GuruFocus considers Bouygues to be Significantly Overvalued.

Key valuation signals for WBO:EN:

  • Cyclically Adjusted PS Ratio: 0.37 (16% above median its 10-year median of 0.32)
  • GF Value™: €35.30 vs. price of €47.87 (35.6% above fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 47.9% below the Construction median (#403 of 1356)

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


Bouygues Business Description

Address 32 avenue Hoche, Paris, FRA, 75008
Bouygues is a family-controlled French conglomerate that comprises a disparate range of assets: construction businesses, a TV network, and a telecom network. It is one of the largest construction companies in France and Europe, with over EUR 46 billion in revenue across the four engineering, procurement, and construction businesses under its ownership, as well as one of the four telecom operators in France.
73GF Score

Get the complete analysis for WBO:EN

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

€47.87
Price
€35.30
GF Value