Aecon Group (TSX:ARE) ROE % Adjusted to Book Value: -2.69% (As of Mar. 2026)


TSX:ARE Aecon Group Inc TSX:ARE
77 GF Score
Price C$45.52
GF Value C$25.81
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Aecon Group ROE % Adjusted to Book Value?

Aecon Group TSX:ARE +2.04% 77 ROE % Adjusted to Book Value is -2.69% as of Mar. 2026. GuruFocus rates TSX:ARE with a GF Score™ of 77/100 and a GF Value™ of C$25.81 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Aecon Group's ROE % for the quarter that ended in Mar. 2026 was -7.20%. Aecon Group's PB Ratio for the quarter that ended in Mar. 2026 was 2.68. Aecon Group's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -2.69%.

Aecon Group ROE % Adjusted to Book Value Related Terms

Aecon Group ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Aecon Group's ROE % Adjusted to Book Value 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.

Aecon Group ROE % Adjusted to Book Value Chart

Aecon Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 5.51 21.11 -3.29 0.74

Aecon Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -13.98 -2.32 10.75 4.16 -2.69

TSX:ARE vs PWR, FIX, EME: ROE % Adjusted to Book Value Comparison

For the Engineering & Construction subindustry, Aecon Group's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Aecon Group ROE % Adjusted to Book Value vs Construction Industry

For the Construction industry and Industrials sector, Aecon Group's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Aecon Group's ROE % Adjusted to Book Value falls into.


TSX:ARE
77GF Score
Aecon Group Inc TSX:ARE
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aecon Group ROE % Adjusted to Book Value Calculation

Aecon Group's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=1.61% / 2.17
=0.74%

Aecon Group's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-7.20% / 2.68
=-2.69%

* 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.

What does a ROE % Adjusted to Book Value of -2.69% mean?
Aecon Group (TSX:ARE) has a ROE % Adjusted to Book Value of -2.69% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Aecon Group and its competitors.
Is Aecon Group's ROE % Adjusted to Book Value too high?
Aecon Group's current ROE % Adjusted to Book Value is -2.69%. Overall, Aecon Group has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aecon Group's ROE % Adjusted to Book Value compare to PWR and FIX?
Aecon Group's ROE % Adjusted to Book Value of -2.69% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Construction company?
A good ROE % Adjusted to Book Value depends on the Construction industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Aecon Group and its competitors. Aecon Group's current ROE % Adjusted to Book Value is -2.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aecon Group stock overvalued right now?
Based on GuruFocus' analysis, Aecon Group (TSX:ARE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$25.81, compared to a current price of C$45.52 — trading 76.4% above its estimated fair value. The current ROE % Adjusted to Book Value is -2.69%. Aecon Group's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Aecon Group (TSX:ARE), the current ROE % Adjusted to Book Value is -2.69% as of Mar. 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 Aecon Group (TSX:ARE) Overvalued in 2026?

Based on GuruFocus' analysis, Aecon Group stock appears to be overvalued. The current stock price of C$45.52 is trading 76.4% above its estimated GF Value™ of C$25.81. GuruFocus considers Aecon Group to be Significantly Overvalued.

Key valuation signals for TSX:ARE:

  • ROE % Adjusted to Book Value: -2.69%
  • GF Value™: C$25.81 vs. price of C$45.52 (76.4% above fair value)
  • GF Score™: 77/100 with 5 warning signs

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

Aecon Group Business Description

Other Exchanges AEGXF:USA2AE:Germany
Address 20 Carlson Court, Suite 105, Toronto, ON, CAN, M9W 7K6
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects. Its concessions segment is engaged in the development, financing, construction, and operation of construction projects. The company generates the maximum revenue from the Construction segment.
77GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$45.52
Price
C$25.81
GF Value