Granite Construction
GVA
#3872
Rank
$1.76 B
Marketcap
$40.35
Share price
-0.02%
Change (1 day)
24.19%
Change (1 year)

P/E ratio for Granite Construction (GVA)

P/E ratio as of March 2023 (TTM): 17.8

According to Granite Construction 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.7753. At the end of 2021 the company had a P/E ratio of 184.

P/E ratio history for Granite Construction from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021184-2300.94%
2020-8.37
201847.428.5%
201736.9
201528.0-52.79%
201459.4-263.04%
2013-36.4-225.72%
201229.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
47.6 167.81%๐Ÿ‡บ๐Ÿ‡ธ USA
38.8 118.33%๐Ÿ‡บ๐Ÿ‡ธ USA
13.4-24.66%๐Ÿ‡บ๐Ÿ‡ธ USA
19.5 9.58%๐Ÿ‡บ๐Ÿ‡ธ USA
37.9 113.32%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.43-119.31%๐Ÿ‡บ๐Ÿ‡ธ USA
30.2 69.93%๐Ÿ‡บ๐Ÿ‡ธ USA
34.6 94.61%๐Ÿ‡บ๐Ÿ‡ธ 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.