Granite Construction Incorporated

NYSE:GVA Stock Report

Mkt Cap: US$1.7b

We’ve recently updated our valuation analysis.

Granite Construction Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GVA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA9.7x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.1x
MYRG MYR Group
24x15.7%US$2.0b
PRIM Primoris Services
9.6x11.8%US$1.3b
DY Dycom Industries
19.6x20.7%US$2.8b
ROAD Construction Partners
79.4x45.3%US$1.4b
GVA Granite Construction
21x39.0%US$1.7b

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.3%
 n/an/an/a
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Price to Earnings Ratio vs Fair Ratio

What is GVA'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.

GVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: GVA is good value based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

Share Price vs Fair Value

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

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 GVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$39.90
US$50.50
+26.6%
16.7%US$57.00US$36.00n/a4
Mar ’24US$43.85
US$50.50
+15.2%
16.7%US$57.00US$36.00n/a4
Feb ’24US$41.42
US$44.75
+8.0%
16.7%US$50.00US$32.00n/a4
Jan ’24US$35.07
US$44.75
+27.6%
16.7%US$50.00US$32.00n/a4
Dec ’23US$35.94
US$44.75
+24.5%
16.7%US$50.00US$32.00n/a4
Nov ’23US$34.46
US$44.75
+29.9%
16.7%US$50.00US$32.00n/a4
Oct ’23US$25.39
US$42.75
+68.4%
16.0%US$50.00US$32.00n/a4
Sep ’23US$29.37
US$42.75
+45.6%
16.0%US$50.00US$32.00n/a4
Aug ’23US$30.61
US$42.75
+39.7%
16.0%US$50.00US$32.00n/a4
Jul ’23US$29.18
US$44.00
+50.8%
16.0%US$50.00US$32.00n/a4
Jun ’23US$33.07
US$44.00
+33.1%
16.0%US$50.00US$32.00n/a4
May ’23US$29.65
US$44.00
+48.4%
16.0%US$50.00US$32.00n/a4
Apr ’23US$33.11
US$44.00
+32.9%
16.0%US$50.00US$32.00n/a4
Mar ’23US$28.07
US$44.75
+59.4%
16.7%US$50.00US$32.00US$43.854
Feb ’23US$36.25
US$47.00
+29.7%
14.0%US$55.00US$37.00US$41.424
Jan ’23US$38.70
US$47.00
+21.4%
14.0%US$55.00US$37.00US$35.074
Dec ’22US$38.15
US$46.00
+20.6%
16.0%US$55.00US$37.00US$35.943
Nov ’22US$37.67
US$46.00
+22.1%
16.0%US$55.00US$37.00US$34.463
Oct ’22US$40.45
US$45.67
+12.9%
16.1%US$55.00US$37.00US$25.393
Sep ’22US$40.01
US$46.00
+15.0%
19.6%US$55.00US$37.00US$29.372
Aug ’22US$38.42
US$44.00
+14.5%
25.0%US$55.00US$33.00US$30.612
Jul ’22US$42.25
US$44.00
+4.1%
25.0%US$55.00US$33.00US$29.182
Jun ’22US$41.32
US$44.00
+6.5%
25.0%US$55.00US$33.00US$33.072
May ’22US$38.10
US$42.00
+10.2%
31.0%US$55.00US$29.00US$29.652
Apr ’22US$39.96
US$32.00
-19.9%
9.4%US$35.00US$29.00US$33.112
Mar ’22US$36.26
US$15.50
-57.3%
29.0%US$20.00US$11.00US$28.072

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