(AGX) Argan - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US04010E1091

Power, Construction, Telecom, Engineering, Maintenance

Stock: Construction & Engineering
Age 30.4y

MCap 4,574m
Avg Vol 247K (82.6M USD)

Beta 1.571
Volatility 72.77%

EPS (Earnings per Share)

EPS CAGR: 107.69%
EPS Trend: 82.5%

Last SUE: 0.80
Qual. Beats: 0

Revenue

Rev. CAGR: 20.30%
Rev. Trend: 90.7%

Last SUE: -0.72
Qual. Beats: 0

Dividends

Dividend Yield	0.84%
Yield on Cost 5y	5.13%
Yield CAGR 5y	21.32%
Payout Consistency	92.1%
Payout Ratio	20.6%

Risk via 5d forecast
Volatility	72.8%
Value at Risk 5%th	110%
Relative Tail Risk	-8.38%

Reward TTM
Sharpe Ratio	1.41
Alpha	94.44
CAGR/Max DD	2.75

Character TTM
Hurst Exponent	0.276
Beta	1.571
Beta Downside	1.371

Drawdowns 3y
Max DD	43.75%
Mean DD	7.28%
Median DD	4.55%

Description: AGX Argan January 12, 2026

Argan Inc. (NYSE: AGX) delivers end-to-end engineering, procurement, construction, commissioning, and maintenance services to the power-generation sector across the United States, Ireland, and the United Kingdom. Its core offering is the Power Industry Services segment, which designs, builds, and operates large-scale renewable assets-including biomass, wind, solar, and battery-storage projects-for independent owners, utilities, and equipment suppliers.

The Industrial Construction Services segment supports new plant builds, turnarounds, and emergency mobilizations, providing field services and the delivery/installation of steel structures such as piping systems and pressure vessels. Meanwhile, the Telecommunications Infrastructure Services segment focuses on trenchless boring, aerial cabling, high- and low-voltage lines, and structured-cabling solutions for utilities, municipalities, and federal customers in the Mid-Atlantic U.S.

Recent company filings (Q4 2023) show a 12% YoY increase in total revenue to $475 million, driven largely by a $210 million backlog of renewable-energy EPC contracts-approximately 45% of which are tied to U.S. tax-credit-eligible projects. The segment’s gross margin expanded to 14.8% from 13.2% a year earlier, reflecting improved pricing power amid rising labor costs and material inflation. Outside of company-specific data, sector-wide trends such as the U.S. Inflation Reduction Act’s $369 billion clean-energy incentive package and the EU’s “Fit for 55” roadmap are expected to sustain demand for the types of services Argan provides.

For a deeper quantitative view, the ValueRay platform offers a granular breakdown of AGX’s financial metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (119.9m TTM) > 0 and > 6% of Revenue (6% = 54.9m TTM)

FCFTA 0.27 (>2.0%) and ΔFCFTA 8.49pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 41.23% (prev 34.85%; Δ 6.39pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.27 (>3.0%) and CFO 287.0m > Net Income 119.9m (YES >=105%, WARN >=100%)

Net Debt (-303.7m) to EBITDA (128.9m) ratio: -2.36 <= 3.0 (WARN <= 3.5)

Current Ratio 1.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (14.2m) change vs 12m ago 0.88% (target <= -2.0% for YES)

Gross Margin 19.20% (prev 14.39%; Δ 4.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 100.6% (prev 104.9%; Δ -4.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.81 (EBITDA TTM 128.9m / Interest Expense TTM -51.1m) >= 6 (WARN >= 3)

Altman Z'' 4.78

(A) 0.36 = (Total Current Assets 997.2m - Total Current Liabilities 619.9m) / Total Assets 1.05b

(B) 0.35 = Retained Earnings (Balance) 364.0m / Total Assets 1.05b

(D) 0.58 = Book Value of Equity 366.2m / Total Liabilities 631.2m

Total Rating: 4.78 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.05

1. Piotroski 6.0pt

2. FCF Yield 6.63%

3. FCF Margin 30.93%

4. Debt/Equity 0.01

5. Debt/Ebitda -2.36

6. ROIC - WACC (= 7.05)%

7. RoE 31.38%

8. Rev. Trend 90.68%

9. EPS Trend 82.50%

What is the price of AGX shares?

As of January 19, 2026, the stock is trading at USD 383.66 with a total of 883,784 shares traded.
Over the past week, the price has changed by +24.06%, over one month by +22.22%, over three months by +32.42% and over the past year by +108.79%.

Is AGX a buy, sell or hold?

Argan has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy AGX.

Strong Buy: 1
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the AGX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	361	-5.9%
Analysts Target Price	361	-5.9%
ValueRay Target Price	535.9	39.7%

AGX Fundamental Data Overview January 17, 2026

P/E Trailing = 38.738
P/S = 4.9982
P/B = 10.5035
Revenue TTM = 915.0m USD
EBIT TTM = 92.6m USD
EBITDA TTM = 128.9m USD
Long Term Debt = 2.63m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.63m USD (from shortTermDebt, last quarter)
Debt = 2.63m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -303.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.27b USD (4.57b + Debt 2.63m - CCE 306.3m)
Interest Coverage Ratio = -1.81 (Ebit TTM 92.6m / Interest Expense TTM -51.1m)
EV/FCF = 15.09x (Enterprise Value 4.27b / FCF TTM 283.0m)
FCF Yield = 6.63% (FCF TTM 283.0m / Enterprise Value 4.27b)
FCF Margin = 30.93% (FCF TTM 283.0m / Revenue TTM 915.0m)
Net Margin = 13.11% (Net Income TTM 119.9m / Revenue TTM 915.0m)
Gross Margin = 19.20% ((Revenue TTM 915.0m - Cost of Revenue TTM 739.3m) / Revenue TTM)
Gross Margin QoQ = 18.69% (prev 18.62%)
Tobins Q-Ratio = 4.06 (Enterprise Value 4.27b / Total Assets 1.05b)
Interest Expense / Debt = 23.95% (Interest Expense 629.0k / Debt 2.63m)
Taxrate = 22.57% (8.96m / 39.7m)
NOPAT = 71.7m (EBIT 92.6m * (1 - 22.57%))
Current Ratio = 1.61 (Total Current Assets 997.2m / Total Current Liabilities 619.9m)
Debt / Equity = 0.01 (Debt 2.63m / totalStockholderEquity, last quarter 419.7m)
Debt / EBITDA = -2.36 (Net Debt -303.7m / EBITDA 128.9m)
Debt / FCF = -1.07 (Net Debt -303.7m / FCF TTM 283.0m)
Total Stockholder Equity = 382.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.18% (Net Income 119.9m / Total Assets 1.05b)
RoE = 31.38% (Net Income TTM 119.9m / Total Stockholder Equity 382.2m)
RoCE = 24.07% (EBIT 92.6m / Capital Employed (Equity 382.2m + L.T.Debt 2.63m))
RoIC = 18.77% (NOPAT 71.7m / Invested Capital 382.2m)
WACC = 11.71% (E(4.57b)/V(4.58b) * Re(11.71%) + D(2.63m)/V(4.58b) * Rd(23.95%) * (1-Tc(0.23)))
Discount Rate = 11.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.18%
[DCF Debug] Terminal Value 64.96% ; FCFF base≈226.5m ; Y1≈218.2m ; Y5≈214.3m
Fair Price DCF = 181.5 (EV 2.21b - Net Debt -303.7m = Equity 2.52b / Shares 13.9m; r=11.71% [WACC]; 5y FCF grow -4.94% → 2.90% )
EPS Correlation: 82.50 | EPS CAGR: 107.7% | SUE: 0.80 | # QB: 0
Revenue Correlation: 90.68 | Revenue CAGR: 20.30% | SUE: -0.72 | # QB: 0
EPS next Quarter (2026-04-30): EPS=1.82 | Chg30d=-0.100 | Revisions Net=-1 | Analysts=2
EPS next Year (2027-01-31): EPS=9.55 | Chg30d=+1.053 | Revisions Net=+3 | Growth EPS=+14.2% | Growth Revenue=+28.1%

Additional Sources for AGX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle