198 companies|as of 03/04/2026|gov bond yield: 4.31%|erp: 4.75%|unlevered beta: 0.79|relevered beta: 0.84
Shanghai Luoman Lighting Technologies14.59%
Tutor Perini12.75%
Rail Vikas Nigam11.23%
IES Holdings11.19%
Técnicas Reunidas11.09%
Comfort Systems USA11.05%
Engineers India11.04%
Hill & Smith11.02%
MasTec10.95%
Huadian Heavy Industries10.93%
Waaree Renewable Technologies10.87%
Maire Tecnimont10.73%
Changzheng Engineering10.69%
Sterling Infrastructure10.60%
APi Group10.49%
Jangho Group10.41%
NBCC (India)10.37%
Ircon International10.37%
Kier10.29%
Cemindia Projects10.28%
Fluor10.28%
Hongrun Construction Group10.19%
Hyundai Engineering & Construction10.18%
KEPCO Engineering & Construction Company10.16%
JAPAN MATERIAL10.09%
China National Chemical Engineering9.96%
Primoris Services9.90%
Bestway Marine & Energy Technology9.88%
Dycom Industries9.86%
Shenzhen SED Industry9.81%
East China Engineering Science and Technology9.74%
Suzhou Gold Mantis Construction Decoration9.65%
Downer EDI9.64%
China Aluminum International Engineering Corporation9.55%
Skanska9.55%
SRG Global9.54%
Sinoma International Engineering9.52%
RITES9.49%
EMCOR Group9.49%
Hainan Development Holdings Nanhai9.44%
NRW Holdings9.40%
MYR Group9.40%
Sinosteel Engineering & Technology9.37%
Granite Construction9.35%
Willdan Group9.32%
Valmont Industries9.27%
China Southern Power Grid Technology9.26%
Yankey Engineering9.26%
Morgan Sindall9.25%
Norinco International Cooperation9.22%
Keller9.19%
Techno Electric & Engineering Company9.18%
Guosheng Shian Technology9.16%
L&K Engineering (Suzhou)9.16%
Ackermans & Van Haaren9.14%
United Integrated Services9.12%
Quanta Services9.01%
Aecon Group8.98%
DEME Group8.95%
Xizang Tianlu8.95%
Dai-Dan8.92%
Samsung C&T8.90%
Runjian8.89%
Larsen & Toubro8.88%
AtkinsRéalis Group8.86%
Changjiang & Jinggong Steel Building (Group)8.83%
Shanghai Construction Group8.80%
NCC AB (publ)8.71%
Shanghai Pudong8.68%
Peab8.68%
Arcplus8.64%
Bravida Holding8.62%
Aecom8.54%
Tetra Tech8.50%
Balfour Beatty8.49%
Sweco8.49%
Monadelphous Group8.43%
IRB Infrastructure Developers8.42%
NCC Limited8.41%
Sumitomo Densetsu8.36%
Kraftia8.36%
Samsung Engineering8.33%
Webuild8.32%
China Railway Hi-tech Industry Corporation8.32%
Promotora y Operadora de Infraestructura, S. A. B. de C. V8.27%
Hochtief8.27%
China Communications Services Corporation8.22%
Shanghai Geoharbour Construction Group8.18%
G R Infraprojects8.10%
Black Peony (Group)8.09%
CTF Services8.08%
TOA8.06%
China CAMC Engineering8.05%
Arcosa8.03%
Arcadis7.99%
Wuhan East Lake High Technology Group7.95%
Afry7.94%
Bilfinger7.91%
Badger Infrastructure Solutions7.90%
Voltas7.89%
Shanghai Tongji Science&Technology Industrial7.89%
Budimex7.89%
Kandenko7.87%
Vinci7.86%
Veidekke7.85%
Koninklijke BAM Groep nv7.84%
PORR7.83%
Kinden7.81%
Shanghai CDXJ Digital Technology7.80%
Daewoo Engineering & Construction7.77%
Elecnor7.75%
Taikisha7.75%
Ferrovial7.74%
ACS, Actividades de Construcción y Servicios7.71%
Chiyoda7.71%
Nippon Densetsu Kogyo7.70%
Construction Partners7.70%
Ruentex Engineering & Construction7.70%
Stantec7.69%
Xinjiang Communications Construction Group7.68%
Hwang Chang General Contractor7.63%
KEPCO Plant Service & Engineering7.60%
SINOPEC Engineering (Group)7.56%
Ameresco7.56%
Ventia Services Group7.54%
SPIE7.53%
Kalpataru Projects International7.48%
Obayashi7.47%
Intracom7.43%
Zhejiang Communications Technology7.43%
Bird Construction7.43%
Kumagai Gumi7.42%
Toenec7.41%
Hui Lyu Ecological Technology Groups7.41%
Argan7.37%
Beijing Orient Landscape & Environment7.36%
MAAS Group Holdings7.35%
COMSYS Holdings7.35%
Yurtec7.31%
Shanghai Tunnel Engineering7.26%
JGC Holdings7.24%
WSP Global7.24%
Strabag7.24%
Taisei7.20%
Acciona7.19%
Rosetti Marino7.19%
AF Gruppen7.16%
Bouygues7.15%
Fugro7.13%
KEC International7.12%
Sanki Engineering7.11%
Kajima7.11%
DL E&C6.95%
Burkhalter Holding6.90%
Per Aarsleff6.86%
Eiffage6.81%
Shimizu6.80%
Chudenko6.78%
Sichuan Road & Bridge6.75%
Penta-Ocean Construction6.74%
Worley6.64%
Zhejiang Construction Investment Group Co.,Ltd6.64%
SHO-BOND Holdings6.63%
Shanxi Hi-speed Group6.56%
China Conch Venture Holdings6.55%
Shaanxi Construction Engineering Group Corporation6.52%
WillScot Holdings6.47%
EXEO Group6.46%
KBR6.44%
MIRAIT ONE6.42%
Toyo Construction6.40%
Hazama Ando6.39%
Sacyr6.33%
Metallurgical Corporation of China6.27%
INFRONEER Holdings6.12%
China Nuclear Engineering Corporation6.10%
Xinte Energy6.05%
Okumura6.04%
GEK TERNA Holdings, Real Estate, Construction6.02%
Implenia5.97%
Guangdong Construction Engineering Group5.85%
China State Construction International Holdings5.82%
Toda5.79%
Cadeler5.74%
Envision Greenwise Holdings5.66%
China State Construction Engineering Corporation5.62%
Nishimatsu Construction5.50%
China Railway Group5.50%
GS Engineering & Construction5.49%
China Energy Engineering Corporation5.46%
Shandong Hi-Speed Road and Bridge Group5.35%
China Communications Construction Company5.18%
Power Construction Corporation of China5.13%
Chongqing Construction Engineering Group Corporation5.06%
China Railway Construction Corporation4.96%
Central Holding Group4.91%
Anhui Construction Engineering Group4.85%
Xinjiang Beixin Road & Bridge Group4.74%
methodology
WACC is calculated as the weighted average of the cost of equity and the after-tax cost of debt, using median unlevered betas (5-year monthly, adjusted via Blume) relevered with median net-debt capital structures via the Hamada equation.
Cost of equity = risk-free rate + relevered beta × equity risk premium. Cost of debt = (risk-free rate + credit spread) × (1 − tax rate).
Data is updated daily. Read our full methodology on the sources page.