Implenia AGXSWX:IMPN -2.03%58 Cyclically Adjusted PS Ratio is 0.34 as of Jul. 11, 2026, which is 70% above its 10-year median of 0.20. GuruFocus rates XSWX:IMPN with a GF Score™ of 58/100 and a GF Value™ of CHF35.34 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,353 Construction companies, Implenia AG ranks better than 69.77% on this metric.
The historical rank and industry rank for Implenia AG's Cyclically Adjusted PS Ratio or its related term are showing as below:
XSWX:IMPN'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 0.47
Current: 0.38
During the past 13 years, Implenia AG's highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.10. And the median was 0.20.
XSWX:IMPN's Cyclically Adjusted PS Ratio is ranked better than 69.77% of 1353
companies
in the Construction industry
Industry Median: 0.71
vs XSWX:IMPN: 0.38
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.
Implenia AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was CHF188.078. 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 CHF198.07 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Implenia AG (XSWX:IMPN) 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.
Implenia AG Cyclically Adjusted PS Ratio Related Terms
Implenia AG Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Implenia 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.
XSWX:IMPN vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison
For the Engineering & Construction subindustry, Implenia 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.
Implenia AG Cyclically Adjusted PS Ratio vs Construction Industry
For the Construction industry and Industrials sector, Implenia AG's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Implenia AG's Cyclically Adjusted PS Ratio falls into.
Implenia 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.
Implenia AG's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.34 mean?
Implenia AG (XSWX:IMPN) has a Cyclically Adjusted PS Ratio of 0.34 as of Jul. 11, 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 Implenia AG and its competitors. This is 70% above median its historical median of 0.20. Over the past decade, Implenia AG's Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.47. According to the industry distribution chart, Implenia AG ranks #409 out of 1353 companies in the Construction industry, placing it in the top 30.2%.
Is Implenia AG's Cyclically Adjusted PS Ratio too high?
Implenia AG's current Cyclically Adjusted PS Ratio of 0.34 is 70% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.47. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Implenia AG's value of 0.34 is 52.1% below this industry median. Based on the distribution chart, Implenia AG ranks #409 out of 1353 companies in the Construction industry, which is above the industry midpoint. Overall, Implenia AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Implenia AG's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Implenia AG ranks #409 out of 1353 companies for Cyclically Adjusted PS Ratio. This puts Implenia AG in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Implenia AG's value of 0.34 is 52.1% below this benchmark. Historically, Implenia AG's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.47 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.71, Implenia AG 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 1,353 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. Implenia AG's current Cyclically Adjusted PS Ratio of 0.34 is 52.1% 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 Implenia AG 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. Implenia AG's current Cyclically Adjusted PS Ratio is 0.34, which is 70% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Implenia AG stock overvalued right now?
Based on GuruFocus' analysis, Implenia AG (XSWX:IMPN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF35.34, compared to a current price of CHF67.50 — trading 91% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.34, which is 70% above median its 10-year median of 0.20 and 52.1% below the Construction industry median of 0.71. Implenia AG's overall GF Score™ is 58/100 with 6 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 Implenia AG (XSWX:IMPN), the current Cyclically Adjusted PS Ratio is 0.34 as of Jul. 11, 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 Implenia AG (XSWX:IMPN) Overvalued in 2026?
Based on GuruFocus' analysis, Implenia AG stock appears to be overvalued.
The current stock price of CHF67.50 is trading 91% above its estimated GF Value™ of CHF35.34.
GuruFocus considers Implenia AG to be Significantly Overvalued.
Key valuation signals for XSWX:IMPN:
Cyclically Adjusted PS Ratio: 0.34 (70% above median its 10-year median of 0.20)
GF Value™: CHF35.34 vs. price of CHF67.50 (91% above fair value)
Industry Position: 52.1% below the Construction median (#409 of 1353)
No single metric tells the full story. See the XSWX:IMPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Implenia AG is a construction service company. The company operates through four business segments: Buildings, Civil engineering, and Service Solutions. The company's projects include complex new construction, modernization work on existing properties, tunnel construction, civil engineering, and others. The company generates majority of its revenue from Civil engineering segments, and more than half of its revenue is earned in Switzerland.
58GF Score
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