P/E ratio for Granite Construction (GVA)
P/E ratio as of December 2023 (TTM): 54.0
According to Granite Construction 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.9775. At the end of 2022 the company had a P/E ratio of 17.4.
P/E ratio history for Granite Construction from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.4 | -90.53% |
| 2021 | 184 | -2300.94% |
| 2020 | -8.37 | -60.66% |
| 2019 | -21.3 | -144.92% |
| 2018 | 47.4 | 28.5% |
| 2017 | 36.9 | -3.45% |
| 2016 | 38.2 | 36.19% |
| 2015 | 28.0 | -52.79% |
| 2014 | 59.4 | -257.94% |
| 2013 | -37.6 | -229.78% |
| 2012 | 29.0 | 60.06% |
| 2011 | 18.1 | -204.96% |
| 2010 | -17.3 | -197.38% |
| 2009 | 17.7 | 29.05% |
| 2008 | 13.7 | 4.35% |
| 2007 | 13.2 | -48.49% |
| 2006 | 25.5 | 45.82% |
| 2005 | 17.5 | -7.8% |
| 2004 | 19.0 | 22.14% |
| 2003 | 15.6 | 22.44% |
| 2002 | 12.7 | -33.52% |
| 2001 | 19.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 40.3 | -25.29% | 🇺🇸 USA |
 Vulcan Materials VMC | 34.5 | -36.11% | 🇺🇸 USA |
 Sterling Construction STRL | 17.2 | -68.13% | 🇺🇸 USA |
 Emcor EME | 18.4 | -65.90% | 🇺🇸 USA |
 KBR
KBR | -36.4 | -167.43% | 🇺🇸 USA |
 Tutor Perini
TPC | -2.08 | -103.86% | 🇺🇸 USA |
 Fluor Corporation
FLR | -98.8 | -283.12% | 🇺🇸 USA |
 AECOM ACM | 94.3 | 74.76% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.