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 |
|---|---|---|
| 2021 | 184 | -2300.94% |
| 2020 | -8.37 | |
| 2018 | 47.4 | 28.5% |
| 2017 | 36.9 | |
| 2015 | 28.0 | -52.79% |
| 2014 | 59.4 | -263.04% |
| 2013 | -36.4 | -225.72% |
| 2012 | 29.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 47.6 | 167.81% | 🇺🇸 USA |
 Vulcan Materials VMC | 38.8 | 118.33% | 🇺🇸 USA |
 Sterling Construction STRL | 13.4 | -24.66% | 🇺🇸 USA |
 Emcor EME | 19.5 | 9.58% | 🇺🇸 USA |
 KBR
KBR | 37.9 | 113.32% | 🇺🇸 USA |
 Tutor Perini
TPC | -3.43 | -119.31% | 🇺🇸 USA |
 Fluor Corporation
FLR | 30.2 | 69.93% | 🇺🇸 USA |
 AECOM ACM | 34.6 | 94.61% | 🇺🇸 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.