Argan, Inc. (AGX) is a publicly traded company in the Industrials — Engineering & Construction industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1.
Is Argan, Inc. stock overvalued or undervalued in 2026?
Argan, Inc. (AGX) trades at 26.1× earnings (P/E), above the median of the 297 industrials companies over $2bn in Kaplio's universe. At the decade median (16.7×) $212 (-36 %); at its sector median (25.8×) $326 (-1 %).
Kaplio overview: Argan, Inc.
Market cap $5B · 52 weeks $292 – $799 (56 % below the high) · P/E 26.1× · 2027 expected P/E 24.9× · Dividend 0.62 % · 3 years rising · Next earnings December 3, 2026 · expected EPS $3.14 · Closing price, Oct 28 · accounts published Sep 2.
- Valuation: P/E 26.1× (expensive).
- Business: ROIC 29 % (solid).
- Balance sheet: Net cash/EBITDA 2.0× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (16.7×) $212 (-36 %); at its sector median (25.8×) $326 (-1 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in industrials: 7 of 10 pass
- Capex / Revenue 0.4 %, fails.
- P/E vs own 10y history 26.1×, fails.
- Cycle-adjusted EV/EBITDA 21.0×, fails.
- 5y revenue growth 22.1 %, passes.
- Operating margin 14.3 %, passes.
- ROIC 29.0 %, passes.
- FCF conversion 298.2 %, passes.
- Net debt / EBITDA −2.0×, passes.
- Altman Z-Score 6.1, passes.
- Piotroski F-Score 5 de 9, passes.
Against its peers (reference peers) — Argan, Inc.: P/E 26.1×; EV/EBITDA 21.0×; ROIC 29.0 %; $4.6B. Everus Construction Group, Inc. (P/E 19.1×; EV/EBITDA 14.3×; ROIC 20.9 %; $4.8B), Granite Construction Incorporated (P/E —; EV/EBITDA 30.1×; ROIC 10.7 %; $4.9B), MYR Group Inc. (P/E 26.6×; EV/EBITDA 13.8×; ROIC 17.9 %; $4.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 26.1× · median 16.7× · minimum 7.6× · maximum 73.5× · cheap below 13.2× · expensive above 30.0×. It has been cheaper than today 67% of the time over its last ten years.
Dividend
solid · Yield 0.62 % ($1.75 per share in 2026) · Years raising it 3 · 5-year growth -10 % a year · Free cash flow coverage 11.9× · With $1,000 invested today you'd collect $6.20 a year ($0.52 a month).
Profitability
| Return on Equity | 38.51% |
| Return on Invested Capital | 29.01% |
| Return on Assets | 12.80% |
| Gross Margin | 20.86% |
| Operating Margin | 15.36% |
| Net Margin | 15.09% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 1.50 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 6.08 |
Price Performance
| 1 month | -6.79% |
| 3 months | -38.17% |
| Year-to-date | +12.57% |
| 1 year | +20.69% |
| 3 years | +683.58% |
| 5 years | +754.80% |
| 10 years | +520.39% |
Dividend History
Paid in the last 12 months: $2.2000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-22 | $0.7000 |
| 2026-07-23 | $0.5000 |
| 2026-04-22 | $0.5000 |
| 2026-01-22 | $0.5000 |
| 2025-10-23 | $0.5000 |
| 2025-07-23 | $0.3750 |
| 2025-04-22 | $0.3750 |
| 2025-01-23 | $0.3750 |
| 2024-10-23 | $0.3750 |
| 2024-07-23 | $0.3000 |
Amounts adjusted for stock splits.
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Explore sector: Industrials · Engineering & Construction
More sections of AGX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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