(GVA) Granite Construction - Ratings and Ratios
Construction, Materials
Dividends
| Dividend Yield | 0.45% |
| Yield on Cost 5y | 2.12% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 93.0% |
| Payout Ratio | 8.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 25.4% |
| Value at Risk 5%th | 39.2% |
| Relative Tail Risk | -6.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.65 |
| Alpha | 8.49 |
| CAGR/Max DD | 1.75 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.448 |
| Beta | 0.803 |
| Beta Downside | 0.672 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.06% |
| Mean DD | 6.75% |
| Median DD | 4.96% |
Description: GVA Granite Construction November 07, 2025
Granite Construction Inc. (NYSE:GVA) is a U.S.-based infrastructure contractor founded in 1922 and headquartered in Watsonville, California. The firm operates through two primary segments: Construction and Materials.
The Construction segment delivers a broad portfolio that includes highways, bridges, rail lines, airports, marine ports, dams, water-related projects, and increasingly complex work such as solar farms, battery-storage facilities, and tunnel infrastructure. The Materials segment produces aggregates, asphalt concrete, liquid asphalt, and recycled materials, which are used both internally and sold to third parties, while also providing site-prep, mining, and construction-management services.
Key economic drivers for GVA are federal and state infrastructure spending (e.g., the 2021 Infrastructure Investment and Jobs Act) and the cyclical demand for residential and commercial development. Commodity price volatility-particularly for sand, gravel, and asphalt binders-directly impacts the Materials segment’s margin profile.
Recent performance metrics (FY 2023) show revenue of roughly $2.1 billion, a backlog of about $1.6 billion, and an operating margin of 4.5 %. The company’s aggregate production capacity has grown 7 % YoY, reflecting strong demand in the Western U.S., while its debt-to-EBITDA ratio stands near 2.3×, indicating moderate leverage.
For a deeper, data-driven look at GVA’s valuation assumptions and scenario analysis, you may find ValueRay’s platform useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (182.5m TTM) > 0 and > 6% of Revenue (6% = 254.2m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -1.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.16% (prev 16.38%; Δ -8.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 462.4m > Net Income 182.5m (YES >=105%, WARN >=100%) |
| Net Debt (1.02b) to EBITDA (465.7m) ratio: 2.20 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.21 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (53.0m) change vs 12m ago 1.15% (target <= -2.0% for YES) |
| Gross Margin 16.39% (prev 13.02%; Δ 3.36pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 116.4% (prev 126.6%; Δ -10.16pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 8.62 (EBITDA TTM 465.7m / Interest Expense TTM 36.9m) >= 6 (WARN >= 3) |
Altman Z'' 1.97
| (A) 0.08 = (Total Current Assets 1.98b - Total Current Liabilities 1.63b) / Total Assets 4.15b |
| (B) 0.18 = Retained Earnings (Balance) 728.3m / Total Assets 4.15b |
| (C) 0.09 = EBIT TTM 318.1m / Avg Total Assets 3.64b |
| (D) 0.25 = Book Value of Equity 729.6m / Total Liabilities 2.94b |
| Total Rating: 1.97 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 71.57
| 1. Piotroski 5.0pt |
| 2. FCF Yield 5.88% |
| 3. FCF Margin 8.18% |
| 4. Debt/Equity 1.27 |
| 5. Debt/Ebitda 2.20 |
| 6. ROIC - WACC (= 5.06)% |
| 7. RoE 17.26% |
| 8. Rev. Trend 62.13% |
| 9. EPS Trend 55.93% |
What is the price of GVA shares?
Over the past week, the price has changed by +6.48%, over one month by +12.31%, over three months by +7.23% and over the past year by +21.18%.
Is GVA a buy, sell or hold?
- Strong Buy: 2
- Buy: 0
- Hold: 0
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the GVA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 130.2 | 13.1% |
| Analysts Target Price | 130.2 | 13.1% |
| ValueRay Target Price | 158.6 | 37.8% |
GVA Fundamental Data Overview December 11, 2025
P/E Trailing = 30.3989
P/E Forward = 17.452
P/S = 1.15
P/B = 4.0946
P/EG = 5.56
Beta = 1.335
Revenue TTM = 4.24b USD
EBIT TTM = 318.1m USD
EBITDA TTM = 465.7m USD
Long Term Debt = 966.3m USD (from longTermDebt, last quarter)
Short Term Debt = 372.0m USD (from shortTermDebt, last quarter)
Debt = 1.46b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.02b USD (from netDebt column, last quarter)
Enterprise Value = 5.89b USD (4.87b + Debt 1.46b - CCE 441.8m)
Interest Coverage Ratio = 8.62 (Ebit TTM 318.1m / Interest Expense TTM 36.9m)
FCF Yield = 5.88% (FCF TTM 346.4m / Enterprise Value 5.89b)
FCF Margin = 8.18% (FCF TTM 346.4m / Revenue TTM 4.24b)
Net Margin = 4.31% (Net Income TTM 182.5m / Revenue TTM 4.24b)
Gross Margin = 16.39% ((Revenue TTM 4.24b - Cost of Revenue TTM 3.54b) / Revenue TTM)
Gross Margin QoQ = 18.18% (prev 17.68%)
Tobins Q-Ratio = 1.42 (Enterprise Value 5.89b / Total Assets 4.15b)
Interest Expense / Debt = 0.91% (Interest Expense 13.4m / Debt 1.46b)
Taxrate = 25.85% (38.1m / 147.5m)
NOPAT = 235.9m (EBIT 318.1m * (1 - 25.85%))
Current Ratio = 1.21 (Total Current Assets 1.98b / Total Current Liabilities 1.63b)
Debt / Equity = 1.27 (Debt 1.46b / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = 2.20 (Net Debt 1.02b / EBITDA 465.7m)
Debt / FCF = 2.95 (Net Debt 1.02b / FCF TTM 346.4m)
Total Stockholder Equity = 1.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.40% (Net Income 182.5m / Total Assets 4.15b)
RoE = 17.26% (Net Income TTM 182.5m / Total Stockholder Equity 1.06b)
RoCE = 15.72% (EBIT 318.1m / Capital Employed (Equity 1.06b + L.T.Debt 966.3m))
RoIC = 12.12% (NOPAT 235.9m / Invested Capital 1.95b)
WACC = 7.06% (E(4.87b)/V(6.34b) * Re(8.98%) + D(1.46b)/V(6.34b) * Rd(0.91%) * (1-Tc(0.26)))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.60%
[DCF Debug] Terminal Value 66.33% ; FCFE base≈325.3m ; Y1≈213.5m ; Y5≈97.7m
Fair Price DCF = 37.79 (DCF Value 1.65b / Shares Outstanding 43.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 55.93 | EPS CAGR: 106.9% | SUE: 0.32 | # QB: 0
Revenue Correlation: 62.13 | Revenue CAGR: 49.94% | SUE: -1.18 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.42 | Chg30d=-0.188 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=6.20 | Chg30d=-0.147 | Revisions Net=+0 | Growth EPS=+11.6% | Growth Revenue=+10.6%
Additional Sources for GVA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle