Is There Still Value In AECOM (ACM) After Years Of Strong Share Price Returns?

Simply Wall St.02-28

If you are wondering whether AECOM at around US$97.54 is offering fair value or a potential mismatch between price and fundamentals, you are in the right place. The stock has been relatively steady in...

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The stock has been relatively steady in...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nyse-acm/aecom/news/is-there-still-value-in-aecom-acm-after-years-of-strong-shar\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is There Still Value In AECOM (ACM) After Years Of Strong Share Price Returns?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs There Still Value In AECOM (ACM) After Years Of Strong Share Price Returns?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-28 13:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/capital-goods/nyse-acm/aecom/news/is-there-still-value-in-aecom-acm-after-years-of-strong-shar><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you are wondering whether AECOM at around US$97.54 is offering fair value or a potential mismatch between price and fundamentals, you are in the right place. The stock has been relatively steady in...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nyse-acm/aecom/news/is-there-still-value-in-aecom-acm-after-years-of-strong-shar\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2298064838.USD","symbol_name":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nyse-acm/aecom/news/is-there-still-value-in-aecom-acm-after-years-of-strong-shar","article_id":"2614897285","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3041000-choice2-main-header/1585186777117"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/capital-goods/nyse-acm/aecom/news/is-there-still-value-in-aecom-acm-after-years-of-strong-shar","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614897285","pubTimestamp":1772256637,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"If you are wondering whether AECOM at around US$97.54 is offering fair value or a potential mismatch between price and fundamentals, you are in the right place.\nThe stock has been relatively steady in the short term, with a 0.4% decline over the last 7 days and a 0.1% move over 30 days, while the longer view shows a 1.2% return year to date, an 11.9% return over 3 years and a 74.1% return over 5 years.\nRecent coverage of AECOM has focused on its position as a large player in capital projects...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2298064838.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","ACM.AU":"Australian Critical Minerals Ltd","BK4516":"特朗普概念","LU2308191902.HKD":"BNP PARIBAS ECOSYSTEM RESTORATION \"CLASSIC\" (HKD) ACC","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","BK4129":"建筑与工程","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LU1939255532.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) ACC","BK7095":"多种金属与采矿","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","ACM":"Aecom Technology Corporation"},"translate_title":"经过多年强劲的股价回报，AECOM(ACM)仍有价值吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACM":1.5,"ACM.AU":1.5,"DCF":1},"content_text":"If you are wondering whether AECOM at around US$97.54 is offering fair value or a potential mismatch between price and fundamentals, you are in the right place. The stock has been relatively steady in the short term, with a 0.4% decline over the last 7 days and a 0.1% move over 30 days, while the longer view shows a 1.2% return year to date, an 11.9% return over 3 years and a 74.1% return over 5 years. Recent coverage of AECOM has focused on its position as a large player in capital projects and infrastructure services, with investors watching how contract wins, reshaping of its business mix or changes in capital allocation priorities could influence sentiment. These themes help frame why the share price has been relatively flat over the last year, with a 1.5% decline over 12 months despite stronger multi year returns. On our framework AECOM currently records a valuation score of 5/6. We will unpack this by looking at different valuation methods, then finish with a broader way to think about what this score really means for long term investors.  Find out why AECOM's -1.5% return over the last year is lagging behind its peers. AdvertisementApproach 1: AECOM Discounted Cash Flow (DCF) Analysis A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and discounting them back to today to reflect risk and the time value of money. For AECOM, the model used is a 2 Stage Free Cash Flow to Equity approach, based on cash flow projections measured in $. The latest twelve month free cash flow is about $620.8 million. Analyst inputs extend to 2027, with free cash flow for that year estimated at $884.5 million. Simply Wall St then extrapolates further out to 2035 using moderate growth assumptions on those cash flows. When those projected cash flows are discounted back, the model arrives at an estimated intrinsic value of about $115.20 per share. Compared with a recent share price of around $97.54, this implies a DCF discount of 15.3%, indicating that the shares are trading below the modelled value. Result: UNDERVALUED Our Discounted Cash Flow (DCF) analysis suggests AECOM is undervalued by 15.3%. Track this in your watchlist or portfolio, or discover 46 more high quality undervalued stocks. ACM Discounted Cash Flow as at Feb 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AECOM. Approach 2: AECOM Price vs Earnings For a profitable company like AECOM, the P/E ratio is a useful shorthand because it links what you pay per share to the earnings the business is already generating. Investors usually accept a higher or lower P/E depending on what they expect for future growth and how much risk they see in those earnings. AECOM currently trades on a P/E of about 21x. That sits below both the Construction industry average of around 32.1x and a peer group average of roughly 35.8x. On the surface, that suggests the market is putting a lower earnings multiple on AECOM than on many of its listed peers. Simply Wall St also calculates a Fair Ratio for AECOM of 28.54x. This is a proprietary estimate of what a reasonable P/E might be, given factors such as the company’s earnings growth profile, industry, profit margin, market cap and risk characteristics. Because it adjusts for these company specific inputs, the Fair Ratio can be more informative than a simple comparison with industry or peer averages. Comparing the current P/E of 21x with the Fair Ratio of 28.54x points to AECOM trading below that modelled level. Result: UNDERVALUED NYSE:ACM P/E Ratio as at Feb 2026 P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies. Upgrade Your Decision Making: Choose your AECOM Narrative Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives. Narratives are simply your own story about AECOM that ties together your view of its future revenue, earnings and margins with a financial forecast, a fair value, and a clear comparison against today’s share price. On Simply Wall St’s Community page, Narratives are an easy tool you can use to set your assumptions, see how they translate into a modelled fair value, and then compare that fair value to the current AECOM price to help you decide whether the stock looks attractive, fully priced, or expensive based on your view. Because Narratives refresh when new information such as news, earnings releases or guidance changes are added to the platform, your story and fair value stay aligned with the latest data rather than a one off snapshot. For AECOM today, one investor might build a more optimistic Narrative that lines up with a fair value around US$152.00. Another might prefer a more cautious Narrative that points closer to US$101.00, and seeing those side by side helps you decide which story you find more reasonable before you act. Do you think there's more to the story for AECOM? Head over to our Community to see what others are saying! NYSE:ACM 1-Year Stock Price Chart  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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