Granite Construction GVA
United StatesIndustrials · Engineering & ConstructionUSD
171.67 USD (+49.7%)
6 analysts
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Granite Construction is a US engineering and construction company that executes civil infrastructure projects (highways, bridges, public works) and supplies construction materials, with recurring revenue from government and private contracts.
Key points
from its scores- ✓Strong growth9.1
- ✕Little or no dividend3.7
- ✕Unfavourable risk and backdrop4.6
- !Somewhat demanding valuation5.0
AI analysis
bottom line, main risk, context and newsStrong growth and cash generation offset balance sheet risk, but high debt and negative ROE warrant caution before adding to the position.
Granite Construction shows very strong revenue growth (29.30%) and exceptional cash conversion (198%), with attractive valuation (forward P/E 14.23, FCF yield 18.83%), although its financial health is weighed down by high leverage (Debt/Equity 215.12%) and a negative ROE (-14.55%).
The high leverage (Debt/Equity of 215.12%) and negative ROE (-14.55%) are the main risk: if growth slows or rates keep rising, financial costs could erode profitability.
Context and risks
No recent relevant news and no material exposure to current macro factors (rates, oil, tariffs) that is not already captured by quantitative metrics. The US civil engineering and construction business does not depend on conflict maritime routes or dollar-denominated commodities.
Is Granite Construction stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 18% below the Industrials median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 11.9 | 14.5 | −18% |
| Price / book | 6.7 | 4.1 | +64% |
| Price / sales | 1.0 | 2.1 | −50% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 171.67 USD, +49.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.2 (sector 6.4), Growth 9.1 (sector 6.6).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- Forward P/E
- 14.2
- EV / EBITDA
- 11.9
- Price / book
- 6.7
- Price / sales
- 1.0
- PEG
- 0.11
- Market cap
- 5.1B USD
- Enterprise value
- 5.8B USD
Profitability
- ROE
- −14.5%
- ROA
- 4.7%
- ROIC (approx.)
- 17.9%
- Gross margin
- 15.6%
- Operating margin
- 9.0%
- Net margin
- −3.3%
- Free cash flow
- 959.0M USD
- FCF yield
- 18.8%
- Cash conversion
- 198%
Solvency
- Total debt
- 1.7B USD
- Net debt
- 681.3M USD
- Cash
- 1.1B USD
- EBITDA
- 484.3M USD
- Net debt / EBITDA
- 1.41
- Debt / equity
- 215.12
- Current ratio
- 1.01
- Quick ratio
- 0.92
Growth
- Revenue growth
- +29.3%
- EPS (TTM)
- −4.32 USD
- EPS (forward)
- 8.06 USD
Dividend
- Dividend yield
- 0.5%
- Payout
- 15.0%
Risk and market
- Beta
- 1.35
- Analyst consensus
- none (6)
- Target price
- 171.67 USD
- 52-week range
- 97.26 – 162.08
Recent news
All GVA news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Granite Construction
Is Granite Construction stock cheap or expensive?
On EV / EBITDA, it trades 18% below the Industrials median. Valuation score: 5.0 out of 10 (median for Industrials: 5.0). Average analyst target: 171.67 USD, +49.7% versus the price. This is not investment advice.
What score does Granite Construction get on MeridIAn Screener?
It scores 5.4 out of 10, rank 1,474 of 2,130 (better than 29% of the companies analysed). Its strongest category is Growth (9.1) and its weakest, Dividend (3.7). Analysis of 08/10/2026.
How much is Granite Construction worth on the stock market?
Its market capitalisation is 5.1B USD and its enterprise value, debt included, is 5.8B USD.
How much debt does Granite Construction have?
Its net debt (debt minus cash) is 681.3M USD. That is 1.41 times its EBITDA; the Industrials median is 1.58.
Does Granite Construction pay a dividend?
Yes: its dividend yield is 0.45% and it pays out 15% of its earnings.
How has Granite Construction stock performed over the last year?
It has risen 9.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 97.26 and 162.08 USD. Past performance does not guarantee future results.
What do analysts think of Granite Construction?
6 analysts cover it; their average recommendation is “none” and their average target is 171.67 USD (+49.7% versus the price). It is an estimate, not market data.