Is Granite Construction Stock a Good Investment?
Granite Construction Investment Advice | GVA |
- Examine Granite Construction's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Granite Construction's leadership team and their track record. Good management can help Granite Construction navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction & Engineering space and any emerging trends that could impact Granite Construction's business and its evolving consumer preferences.
- Compare Granite Construction's performance and market position to its competitors. Analyze how Granite Construction is positioned in terms of product offerings, innovation, and market share.
- Check if Granite Construction pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Granite Construction's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Granite Construction Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Granite Construction Incorporated is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Granite Construction Stock
Researching Granite Construction's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The book value of Granite Construction was currently reported as 22.24. The company last dividend was issued on the 27th of March 2024. Granite Construction had 3:2 split on the 16th of April 2001.
To determine if Granite Construction is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Granite Construction's research are outlined below:
| Over 99.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Granite Construction paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from investing.com: Earnings call Granite Construction sees robust start to 2024 |
Granite Construction Quarterly Good Will |
|
Granite Construction uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Granite Construction Incorporated. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Granite Construction's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Granite Construction's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Granite Construction's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2001-05-09 | 2001-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2000-05-03 | 2000-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
1999-05-05 | 1999-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2003-05-07 | 2003-03-31 | -0.06 | -0.04 | 0.02 | 33 | ||
2002-05-08 | 2002-03-31 | -0.02 | -0.04 | -0.02 | 100 | ||
1998-02-18 | 1997-12-31 | 0.12 | 0.14 | 0.02 | 16 | ||
1995-02-16 | 1994-12-31 | 0.1 | 0.08 | -0.02 | 20 | ||
1997-05-08 | 1997-03-31 | 0.03 | 0.0059 | -0.0241 | 80 |
Know Granite Construction's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Granite Construction is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Granite Construction Incorporated backward and forwards among themselves. Granite Construction's institutional investor refers to the entity that pools money to purchase Granite Construction's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2023-12-31 | 937.7 K | Bank Of Montreal | 2023-12-31 | 873.4 K | Bmo Capital Markets Corp. | 2023-12-31 | 873.4 K | Bank Of New York Mellon Corp | 2023-12-31 | 857.6 K | Franklin Resources Inc | 2023-12-31 | 845.5 K | Boston Partners Global Investors, Inc | 2023-12-31 | 698.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 673.5 K | Deprince Race & Zollo Inc | 2023-12-31 | 669.2 K | Mizuho Markets Americas Llc | 2023-12-31 | 654.7 K | Blackrock Inc | 2023-12-31 | 7.2 M | Vanguard Group Inc | 2023-12-31 | 4.9 M |
Granite Construction's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 2.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Granite Construction's market, we take the total number of its shares issued and multiply it by Granite Construction's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
|
Granite Construction's profitablity analysis
Granite Construction's profitability indicators refer to fundamental financial ratios that showcase Granite Construction's ability to generate income relative to its revenue or operating costs. If, let's say, Granite Construction is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Granite Construction's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Granite Construction's profitability requires more research than a typical breakdown of Granite Construction's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.02 | 0.01 | |
| Return On Equity | 0.04 | 0.09 |
Determining Granite Construction's profitability involves analyzing its financial statements and using various financial metrics to determine if Granite Construction is a good buy. For example, gross profit margin measures Granite Construction's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Granite Construction's profitability and make more informed investment decisions.
The data published in Granite Construction's official financial statements usually reflect Granite Construction's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Granite Construction. For example, before you start analyzing numbers published by Granite accountants, it's critical to develop an understanding of what Granite Construction's liquidity, profitability, and earnings quality are in the context of the Construction & Engineering space in which it operates.
Please note, the presentation of Granite Construction's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Granite Construction's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Granite Construction's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Granite Construction Incorporated. Please utilize our Beneish M Score to check the likelihood of Granite Construction's management manipulating its earnings.
Evaluate Granite Construction's management efficiency
Granite Construction has Return on Asset of 0.0141 % which means that on every $100 spent on assets, it made $0.0141 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0294 %, implying that it generated $0.0294 on every 100 dollars invested. Granite Construction's management efficiency ratios could be used to measure how well Granite Construction manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.09, whereas Return On Tangible Assets are forecasted to decline to 0.02. At present, Granite Construction's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 68.3 M, whereas Total Assets are forecasted to decline to about 1.4 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 22.27 | 11.58 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 17.20 | 11.09 | |
| Enterprise Value Over EBITDA | 17.70 | 18.59 | |
| Price Book Value Ratio | 2.28 | 2.05 | |
| Enterprise Value Multiple | 17.70 | 18.59 | |
| Price Fair Value | 2.28 | 2.05 | |
| Enterprise Value | 1.6 B | 1.7 B |
The analysis of Granite Construction's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Granite Construction's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Granite Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0095 | Forward Dividend Yield 0.0095 | Forward Dividend Rate 0.52 | Beta 1.47 |
Basic technical analysis of Granite Stock
As of the 2nd of May, Granite Construction retains the market risk adjusted performance of 0.2583, and Risk Adjusted Performance of 0.1564. Granite Construction technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Granite Construction, which can be compared to its competitors. Please check out Granite Construction jensen alpha, semi variance, and the relationship between the standard deviation and value at risk to decide if Granite Construction is priced fairly, providing market reflects its last-minute price of 57.26 per share. Given that Granite Construction Incorporated has jensen alpha of 0.2754, we strongly advise you to confirm Granite Construction's regular market performance to make sure the company can sustain itself at a future point.Granite Construction's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Granite Construction insiders, such as employees or executives, is commonly permitted as long as it does not rely on Granite Construction's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Granite Construction insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Granite Construction's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Granite Construction's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1564 | |||
| Market Risk Adjusted Performance | 0.2583 | |||
| Mean Deviation | 1.18 | |||
| Semi Deviation | 0.9298 | |||
| Downside Deviation | 1.25 | |||
| Coefficient Of Variation | 426.82 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.19 | |||
| Information Ratio | 0.197 | |||
| Jensen Alpha | 0.2754 | |||
| Total Risk Alpha | 0.2328 | |||
| Sortino Ratio | 0.2338 | |||
| Treynor Ratio | 0.2483 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.58 | |||
| Downside Variance | 1.55 | |||
| Semi Variance | 0.8645 | |||
| Expected Short fall | (1.44) | |||
| Skewness | 0.1523 | |||
| Kurtosis | 0.2353 |
| Risk Adjusted Performance | 0.1564 | |||
| Market Risk Adjusted Performance | 0.2583 | |||
| Mean Deviation | 1.18 | |||
| Semi Deviation | 0.9298 | |||
| Downside Deviation | 1.25 | |||
| Coefficient Of Variation | 426.82 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.19 | |||
| Information Ratio | 0.197 | |||
| Jensen Alpha | 0.2754 | |||
| Total Risk Alpha | 0.2328 | |||
| Sortino Ratio | 0.2338 | |||
| Treynor Ratio | 0.2483 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.58 | |||
| Downside Variance | 1.55 | |||
| Semi Variance | 0.8645 | |||
| Expected Short fall | (1.44) | |||
| Skewness | 0.1523 | |||
| Kurtosis | 0.2353 |
Consider Granite Construction's intraday indicators
Granite Construction intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Granite Construction stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Granite Construction Corporate Filings
8K | 2nd of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 25th of April 2024 Other Reports | ViewVerify | |
13A | 10th of April 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 26th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Granite Stock media impact
Far too much social signal, news, headlines, and media speculation about Granite Construction that are available to investors today. That information is available publicly through Granite media outlets and privately through word of mouth or via Granite internal channels. However, regardless of the origin, that massive amount of Granite data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Granite Construction news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Granite Construction relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Granite Construction's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Granite Construction alpha.
Granite Construction Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Granite Construction can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Granite Construction Historical Investor Sentiment
Investor biases related to Granite Construction's public news can be used to forecast risks associated with an investment in Granite. The trend in average sentiment can be used to explain how an investor holding Granite can time the market purely based on public headlines and social activities around Granite Construction Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Granite Construction's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Granite Construction and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Granite Construction news discussions. The higher the estimate score, the more favorable the investor's outlook on Granite Construction.
Granite Construction Maximum Pain Price across 2024-05-17 Option Contracts
Granite Construction's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Granite Construction close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Granite Construction's options.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Granite Construction without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
Granite Construction Corporate Directors
Granite Construction corporate directors refer to members of a Granite Construction board of directors. The board of directors generally takes responsibility for the Granite Construction's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Granite Construction's board members must vote for the resolution. The Granite Construction board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gary Cusumano | Independent Director | Profile | |
| Celeste Mastin | Independent Director | Profile | |
| Jeffery Lyash | Independent Director | Profile | |
| William Dorey | Director | Profile |
How to buy Granite Stock?
To provide specific investment advice or recommendations on Granite Construction Incorporated stock, we recommend investors consider the following general factors when evaluating Granite Construction Incorporated. This will help you to make an informed decision on whether to include Granite Construction in one of your diversified portfolios:- Examine Granite Construction's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Granite Construction's leadership team and their track record. Good management can help Granite Construction navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction & Engineering space and any emerging trends that could impact Granite Construction's business and its evolving consumer preferences.
- Compare Granite Construction's performance and market position to its competitors. Analyze how Granite Construction is positioned in terms of product offerings, innovation, and market share.
- Check if Granite Construction pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Granite Construction's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Granite Construction Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Granite Construction Incorporated is a good investment.
Already Invested in Granite Construction Incorporated?
The danger of trading Granite Construction Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Granite Construction is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Granite Construction. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Granite Construction is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Granite Construction offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Granite Construction's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Granite Construction Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Granite Construction Incorporated Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Granite Stock analysis
When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |
Is Granite Construction's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Construction. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.295 | Dividend Share 0.52 | Earnings Share 0.97 | Revenue Per Share 79.973 | Quarterly Revenue Growth 0.183 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Granite Construction's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.