As at May 6, 2024, the GVA stock has a PE ratio of 73.8. This is based on the current EPS of $0.81 and the stock price of $59.78 per share. An increase of 21% has been seen in the P/E ratio compared to the average of 60.8 of the last 4 quarters.
The mean historical PE ratio of Granite Construction over the last ten years is 193.88. The current 73.8 PE ratio is 62% below the historical average. Over the past ten years, GVA's PE ratio was at its highest in the Dec 2018 quarter at 4,028, with a price of $40.28 and an EPS of $0.01. The Dec 2022 quarter recorded the bottom point at 18.75, with a price of $35.07 and an EPS of $1.87.
Maximum annual increase: 5,360.95% in 2018
Maximum annual decrease: -89.34% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 51.37 | 173.97% |
| 2022 | 18.75 | -89.34% |
| 2021 | 175.91 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 4,028 | 5,360.95% |
| 2017 | 73.76 | 93.14% |
| 2016 | 38.19 | 37.08% |
| 2015 | 27.86 | -52.37% |
| 2014 | 58.49 | N/A |
The current PE ratio of GVA is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
GVA's PE ratio is lower than its peer stock ACM, but it is greater than PWR's and VMC's. Granite Construction's current PE ratio of 73.8 is above the average of its peers, which is 32.05.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FLR Fluor Corp | 22.81 | $6.68B |
| STRL Sterling Construction Co Inc | 23.36 | $3.26B |
| EME EMCOR Group Inc | 24.42 | $17.48B |
| VMC Vulcan Materials CO | 38.64 | $35.26B |
| PWR Quanta Services Inc | 51.04 | $39.45B |
| GVA Granite Construction Inc | 73.8 | $2.64B |
| ACM Aecom | 213.98 | $13.1B |
| TPC Tutor Perini Corp | N/A | $963.07M |
| KBR Kbr Inc | N/A | $9.13B |
As of May 6, 2024, GVA stock has a price to earnings ratio of 73.8.
Over the last 3 years, the average price to earnings ratio for GVA stock is 60.78.
Over the last 5 years, the average price to earnings ratio for GVA stock is 60.78.
Over the last ten years, the quarterly PE ratio reached a historic high of 4,028 in the Dec 2018 quarter.
GVA's current price to earnings ratio is 62% below its 10-year historical average.
GVA's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 73.8 is considered high.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 6, 2024), Granite Construction's stock price is $59.78. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.81. Therefore, Granite Construction's P/E ratio for today is 73.8. PE RATIO(73.8) = STOCK PRICE($59.78) / TTM EPS($0.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.