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Ferrovial SE (Ferrovial SE) Cyclically Adjusted PB Ratio : 4.75 (As of May. 20, 2024)


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What is Ferrovial SE Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Ferrovial SE's current share price is $40.00. Ferrovial SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.42. Ferrovial SE's Cyclically Adjusted PB Ratio for today is 4.75.

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

FER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.44   Med: 4.07   Max: 4.72
Current: 4.67

During the past years, Ferrovial SE's highest Cyclically Adjusted PB Ratio was 4.72. The lowest was 3.44. And the median was 4.07.

FER's Cyclically Adjusted PB Ratio is ranked worse than
90.33% of 1200 companies
in the Construction industry
Industry Median: 1.12 vs FER: 4.67

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ferrovial SE's adjusted book value per share data for the three months ended in Dec. 2023 was $5.579. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $8.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrovial SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ferrovial SE's Cyclically Adjusted PB 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.

* Premium members only.

Ferrovial SE Cyclically Adjusted PB Ratio Chart

Ferrovial SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.21

Ferrovial SE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 - 3.61 3.51 4.21 -

Competitive Comparison of Ferrovial SE's Cyclically Adjusted PB Ratio

For the Infrastructure Operations subindustry, Ferrovial SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Ferrovial SE's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

* The bar in red indicates where Ferrovial SE's Cyclically Adjusted PB Ratio falls into.



Ferrovial SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Ferrovial SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.00/8.42
=4.75

* 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.

Ferrovial SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ferrovial SE's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.579/126.4500*126.4500
=5.579

Current CPI (Dec. 2023) = 126.4500.

Ferrovial SE Quarterly Data

Book Value per Share CPI Adj_Book
201312 10.680 98.360 13.730
201403 10.646 99.390 13.544
201406 10.347 99.240 13.184
201409 10.338 99.960 13.078
201412 9.553 99.050 12.196
201503 8.704 99.750 11.034
201506 9.217 100.230 11.628
201509 8.911 100.500 11.212
201512 9.024 99.730 11.442
201603 9.246 100.310 11.655
201606 8.983 100.260 11.330
201609 8.518 100.570 10.710
201612 8.090 100.710 10.158
201703 8.147 101.440 10.156
201706 8.092 101.370 10.094
201709 8.382 102.030 10.388
201712 8.920 101.970 11.061
201803 8.836 102.470 10.904
201806 8.415 103.100 10.321
201809 8.592 103.950 10.452
201812 7.050 103.970 8.574
201903 6.857 105.370 8.229
201906 6.648 105.840 7.943
201909 6.214 106.700 7.364
201912 6.534 106.800 7.736
202003 6.125 106.850 7.249
202006 5.656 107.510 6.652
202009 5.374 107.880 6.299
202012 5.233 107.850 6.135
202103 5.224 108.870 6.068
202106 5.011 109.670 5.778
202109 4.919 110.790 5.614
202112 6.264 114.010 6.947
202206 5.920 119.050 6.288
202209 5.559 126.890 5.540
202212 5.999 124.940 6.072
202303 0.000 124.720 0.000
202306 5.516 125.830 5.543
202309 5.396 127.160 5.366
202312 5.579 126.450 5.579

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Ferrovial SE  (NAS:FER) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Ferrovial SE Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ferrovial SE's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ferrovial SE (Ferrovial SE) Business Description

Industry
Address
Calle Príncipe de Vergara 135, Madrid, ESP, 28002
Ferrovial SE is a Spanish industrial company. The company organizes itself into four segments: Toll Roads, Airports, Construction, and Energy and mobility infrastructures. The Toll Roads segment develops and operates toll roads globally. The Airports segment operates four airports in the United Kingdom, Heathrow, Aberdeen, Glasgow, and Southampton. The Construction segment designs and constructs buildings, transport infrastructure, water projects, and completes civil engineering work. The Energy and mobility infrastructures segment includes the operation of infrastructure for transport, natural resources, utilities, telecommunications, and waste collection and treatment. By country, the USA represents the maximum contribution to revenue, followed by Poland operations.

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