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AECOM vs Skanska AB (publ): Which Stock Looks Stronger in 2026?

The structural profiles are close, with AECOM carrying a narrow edge on valuation. Skanska AB (publ) still leads on growth and stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Skanska AB (publ), which does not confirm the structural lead. That leaves a split case: the structural lead stays with AECOM, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (ACM: Russell 1000, SKA-B.ST: STOXX 600).

Updated 2026-07-05

The clearest separation starts in valuation, with profitability adding a second layer of support.

INDUSTRY COMPARISON

Both operate in: Engineering & Construction

This comparison is based on industry proximity, not on functional trajectory similarity. ACM and SKA-B.ST share the same industry classification.

For a similarity-based comparison, see how AECOM and Skanska AB (publ) each position within their functional peer groups in AssetNext.

Peer-Relative Score
ACM
AECOM
51
Peer-Score
Signal qualityLow
Peer basis: Russell 1000
vs
SKA-B.ST
Skanska AB (publ)
46
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: ACM vs SKA-B.ST Profitability 55 41 Stability 35 48 Valuation 85 61 Growth 9 27 ACM SKA-B.ST
Gap Ranking
#1 Valuation +24
#2 Growth +18
#3 Profitability +14
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ACM and SKA-B.ST Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ACMSKA-B.ST Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Skanska AB (publ).

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ACM and SKA-B.ST each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ACM Lower · below norm 0th 50th 100th 76 pct gap SKA-B.ST Elevated · above norm 0th 50th 100th 22nd 99th
Today ACM sits in the lower portion of its own 5-year history (22nd percentile), while SKA-B.ST sits higher in its own history (99th). Within each stock's own 5-year context, ACM is at a historically more favourable entry position than SKA-B.ST. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but AECOM still holds a clear edge.
Growth
Both sit in the weaker half on growth, with Skanska AB (publ) still coming out ahead.
Valuation — Dominant Gap
ACM
85
SKA-B.ST
61
Gap+24in favour of ACM

The multiple-based pricing edge comes from a forward P/E that is 3.7 turns lower.

What keeps the gap from being one-sided

Earnings growth also leans toward SKA-B.ST, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The page question resolves through valuation, but growth and current pricing still keep the broader comparison from reading as fully aligned.

Explore full peer positioning in AssetNext

Break down the ACM vs SKA-B.ST comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-growth comparisons

Explore how ACM and SKA-B.ST each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.