AECOM

NYSE:ACM Stock Report

Market Cap: US$14.3b

AECOM Valuation

Is ACM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACM ($107.99) is trading below our estimate of fair value ($143.28)

Significantly Below Fair Value: ACM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACM?

Key metric: As ACM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACM. This is calculated by dividing ACM's market cap by their current earnings.
What is ACM's PE Ratio?
PE Ratio28.3x
EarningsUS$505.93m
Market CapUS$14.30b

Price to Earnings Ratio vs Peers

How does ACM's PE Ratio compare to its peers?

The above table shows the PE ratio for ACM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.4x
FIX Comfort Systems USA
33.2x15.3%US$15.6b
FLR Fluor
33.2x17.5%US$8.6b
EME EMCOR Group
23.1x8.9%US$21.4b
MTZ MasTec
119.8x36.8%US$10.6b
ACM AECOM
28.3x13.6%US$14.3b

Price-To-Earnings vs Peers: ACM is good value based on its Price-To-Earnings Ratio (28.3x) compared to the peer average (52.4x).

Price to Earnings Ratio vs Industry

How does ACM's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ACM 28.3xIndustry Avg. 29.2xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACM is good value based on its Price-To-Earnings Ratio (28.3x) compared to the US Construction industry average (29.2x).

Price to Earnings Ratio vs Fair Ratio

What is ACM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.3x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: ACM is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$107.99
US$120.50
+11.6%
8.4%US$130.00US$98.00n/a10
Dec ’25US$116.97
US$120.20
+2.8%
8.4%US$130.00US$98.00n/a10
Nov ’25US$108.40
US$110.89
+2.3%
8.9%US$128.00US$93.00n/a9
Oct ’25US$102.59
US$105.89
+3.2%
6.6%US$113.00US$93.00n/a9
Sep ’25US$100.14
US$106.30
+6.2%
6.3%US$113.00US$93.00n/a10
Aug ’25US$90.47
US$102.50
+13.3%
6.7%US$112.00US$90.00n/a10
Jul ’25US$85.68
US$106.80
+24.6%
6.6%US$116.00US$90.00n/a10
Jun ’25US$87.34
US$106.80
+22.3%
6.6%US$116.00US$90.00n/a10
May ’25US$92.91
US$104.40
+12.4%
6.5%US$116.00US$89.00n/a10
Apr ’25US$97.74
US$103.40
+5.8%
5.5%US$110.00US$89.00n/a10
Mar ’25US$89.38
US$103.00
+15.2%
5.8%US$110.00US$89.00n/a9
Feb ’25US$89.73
US$101.00
+12.6%
7.7%US$110.00US$88.00n/a9
Jan ’25US$92.43
US$100.13
+8.3%
8.3%US$110.00US$88.00n/a8
Dec ’24US$89.54
US$98.63
+10.1%
7.5%US$109.00US$87.00US$116.978
Nov ’24US$76.17
US$95.29
+25.1%
6.2%US$102.00US$85.00US$108.407
Oct ’24US$83.04
US$96.03
+15.6%
7.0%US$105.00US$85.00US$102.598
Sep ’24US$88.57
US$96.72
+9.2%
6.4%US$105.00US$85.00US$100.1410
Aug ’24US$87.50
US$96.82
+10.7%
6.7%US$105.00US$84.00US$90.4710
Jul ’24US$84.69
US$97.22
+14.8%
6.4%US$105.00US$84.00US$85.6810
Jun ’24US$77.55
US$97.22
+25.4%
6.4%US$105.00US$84.00US$87.3410
May ’24US$83.61
US$97.82
+17.0%
7.1%US$105.00US$82.00US$92.9110
Apr ’24US$84.32
US$97.82
+16.0%
7.1%US$105.00US$82.00US$97.7410
Mar ’24US$87.89
US$98.78
+12.4%
6.7%US$105.00US$82.00US$89.389
Feb ’24US$87.14
US$93.56
+7.4%
7.1%US$100.00US$77.00US$89.739
Jan ’24US$84.93
US$90.00
+6.0%
5.4%US$95.00US$77.00US$92.439
Dec ’23US$85.01
US$90.00
+5.9%
5.4%US$95.00US$77.00US$89.549

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AECOM is covered by 25 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Andrew WittmannBaird
Ishan MajumdarBaptista Research