Granite Construction Net Worth
Granite Construction Net Worth Breakdown | GVA |
Granite Construction Net Worth Analysis
Granite Construction's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Granite Construction's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Granite Construction's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Granite Construction's net worth analysis. One common approach is to calculate Granite Construction's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Granite Construction's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Granite Construction's net worth. This approach calculates the present value of Granite Construction's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Granite Construction's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Granite Construction's net worth. This involves comparing Granite Construction's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Granite Construction's net worth relative to its peers.
Enterprise Value |
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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 net worth research are outlined below:
| Granite Construction generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 29662 shares by Kyle Larkin of Granite Construction at 77.71 subject to Rule 16b-3 |
Granite Construction Quarterly Good Will |
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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 |
Granite Construction Target Price Consensus
Granite target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Granite Construction's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 3 | Buy |
Most Granite analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Granite stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Granite Construction, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationGranite Construction Target Price Projection
Granite Construction's current and average target prices are 75.60 and 99.00, respectively. The current price of Granite Construction is the price at which Granite Construction Incorporated is currently trading. On the other hand, Granite Construction's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Granite Construction Market Quote on 27th of March 2025
Target Price
Analyst Consensus On Granite Construction Target Price
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 | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 1 M | Geode Capital Management, Llc | 2024-12-31 | 989.5 K | American Century Companies Inc | 2024-12-31 | 971.5 K | Alliancebernstein L.p. | 2024-12-31 | 953.2 K | Wasatch Advisors Lp | 2024-12-31 | 815.1 K | Bank Of Montreal | 2024-12-31 | 797.6 K | Bmo Capital Markets Corp. | 2024-12-31 | 797.6 K | Fmr Inc | 2024-12-31 | 794.3 K | Hennessy Advisors, Inc. | 2024-12-31 | 696 K | Blackrock Inc | 2024-12-31 | 7.1 M | Vanguard Group Inc | 2024-12-31 | 4.9 M |
Follow Granite Construction's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 3.45 B.Market Cap |
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Project Granite Construction's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.04 | |
| Return On Capital Employed | 0.10 | 0.10 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.12 | 0.09 |
When accessing Granite Construction's net worth, it's important to look at multiple sources and consider different scenarios. 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.
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. 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 0.0431 % which means that on every $100 spent on assets, it made $0.0431 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1334 %, implying that it generated $0.1334 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. As of March 27, 2025, Return On Tangible Assets is expected to decline to 0.04. In addition to that, Return On Capital Employed is expected to decline to 0.10. At present, Granite Construction's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 1.4 B, whereas Other Current Assets are forecasted to decline to about 39.7 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 24.62 | 25.85 | |
| Tangible Book Value Per Share | 16.81 | 11.61 | |
| Enterprise Value Over EBITDA | 11.66 | 6.34 | |
| Price Book Value Ratio | 3.79 | 3.98 | |
| Enterprise Value Multiple | 11.66 | 6.34 | |
| Price Fair Value | 3.79 | 3.98 | |
| Enterprise Value | 3.7 B | 3.9 B |
The leadership approach at Granite Construction's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Enterprise Value Revenue 0.8866 | Revenue | Quarterly Revenue Growth 0.047 | Revenue Per Share | Return On Equity |
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.
Granite Construction Corporate Filings
F4 | 25th of March 2025 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 |
8K | 7th of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10K | 14th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
| 23rd of January 2025 Other Reports | ViewVerify |
Granite Construction Earnings Estimation Breakdown
The calculation of Granite Construction's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Granite Construction is estimated to be -0.5167 with the future projection ranging from a low of -0.48 to a high of -0.43. Please be aware that this consensus of annual earnings estimates for Granite Construction Incorporated is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
-0.48 Lowest | Expected EPS | -0.43 Highest |
Granite Construction Earnings Projection Consensus
Suppose the current estimates of Granite Construction's value are higher than the current market price of the Granite Construction stock. In this case, investors may conclude that Granite Construction is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Granite Construction's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 3 | 65.46% | 1.23 | -0.5167 | 2.55 |
Granite Construction Earnings per Share Projection vs Actual
Actual Earning per Share of Granite Construction refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Granite Construction Incorporated predict the company's earnings will be in the future. The higher the earnings per share of Granite Construction, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Granite Construction Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Granite Construction, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Granite Construction should always be considered in relation to other companies to make a more educated investment decision.Granite Quarterly Analyst Estimates and Surprise Metrics
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.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-20 | 2024-12-31 | 1.12 | 1.23 | 0.11 | 9 | ||
2024-10-31 | 2024-09-30 | 2.47 | 2.05 | -0.42 | 17 | ||
2024-08-01 | 2024-06-30 | 1.39 | 0.97 | -0.42 | 30 | ||
2024-05-02 | 2024-03-31 | -0.35 | -0.21 | 0.14 | 40 | ||
2024-02-22 | 2023-12-31 | 0.88 | 0.82 | -0.06 | 6 | ||
2023-10-31 | 2023-09-30 | 1.45 | 1.69 | 0.24 | 16 | ||
2023-07-27 | 2023-06-30 | 0.99 | 1.03 | 0.04 | 4 | ||
2023-05-02 | 2023-03-31 | 0.03 | -0.41 | -0.44 | 1466 | ||
2023-02-16 | 2022-12-31 | 0.34 | 0.56 | 0.22 | 64 | ||
2022-10-27 | 2022-09-30 | 0.93 | 1.41 | 0.48 | 51 | ||
2022-07-28 | 2022-06-30 | 0.62 | 0.38 | -0.24 | 38 | ||
2022-04-28 | 2022-03-31 | -0.15 | -0.29 | -0.14 | 93 | ||
2022-02-25 | 2021-12-31 | 0.36 | -0.29 | -0.65 | 180 | ||
2021-10-28 | 2021-09-30 | 0.96 | 0.73 | -0.23 | 23 | ||
2021-07-29 | 2021-06-30 | 0.52 | 0.91 | 0.39 | 75 | ||
2021-05-07 | 2021-03-31 | -0.66 | -1.45 | -0.79 | 119 | ||
2021-03-30 | 2020-12-31 | 0.49 | 0.17 | -0.32 | 65 | ||
2020-07-31 | 2020-06-30 | 0.39 | 0.39 | 0.0 | 0 | ||
2020-05-05 | 2020-03-31 | -0.58 | -0.58 | 0.0 | 0 | ||
2020-02-19 | 2019-12-31 | 0.2 | 0.2 | 0.0 | 0 | ||
2019-10-25 | 2019-09-30 | 1.44 | 0.43 | -1.01 | 70 | ||
2019-08-02 | 2019-06-30 | 0.39 | 0.19 | -0.2 | 51 | ||
2019-04-26 | 2019-03-31 | -0.2 | -0.74 | -0.54 | 270 | ||
2019-02-20 | 2018-12-31 | 0.98 | 0.14 | -0.84 | 85 | ||
2018-10-26 | 2018-09-30 | 1.31 | 1.17 | -0.14 | 10 | ||
2018-08-08 | 2018-06-30 | 0.81 | -0.2 | -1.01 | 124 | ||
2018-04-30 | 2018-03-31 | -0.35 | -0.13 | 0.22 | 62 | ||
2018-02-16 | 2017-12-31 | 0.65 | 0.81 | 0.16 | 24 | ||
2017-10-27 | 2017-09-30 | 1.06 | 1.14 | 0.08 | 7 | ||
2017-08-01 | 2017-06-30 | 0.57 | 0.35 | -0.22 | 38 | ||
2017-05-02 | 2017-03-31 | -0.21 | -0.6 | -0.39 | 185 | ||
2017-02-17 | 2016-12-31 | 0.58 | 0.4 | -0.18 | 31 | ||
2016-10-28 | 2016-09-30 | 0.98 | 0.92 | -0.06 | 6 | ||
2016-07-29 | 2016-06-30 | 0.48 | 0.35 | -0.13 | 27 | ||
2016-04-29 | 2016-03-31 | -0.12 | -0.28 | -0.16 | 133 | ||
2016-02-25 | 2015-12-31 | 0.54 | 0.62 | 0.08 | 14 | ||
2015-11-02 | 2015-09-30 | 0.97 | 0.77 | -0.2 | 20 | ||
2015-07-30 | 2015-06-30 | 0.44 | 0.24 | -0.2 | 45 | ||
2015-05-05 | 2015-03-31 | -0.23 | -0.22 | 0.01 | 4 | ||
2015-02-27 | 2014-12-31 | 0.7 | 0.39 | -0.31 | 44 | ||
2014-11-03 | 2014-09-30 | 0.97 | 0.38 | -0.59 | 60 | ||
2014-08-01 | 2014-06-30 | 0.25 | 0.34 | 0.09 | 36 | ||
2014-04-30 | 2014-03-31 | -0.33 | -0.49 | -0.16 | 48 | ||
2014-02-27 | 2013-12-31 | -0.03 | 0.02 | 0.05 | 166 | ||
2013-11-04 | 2013-09-30 | 0.78 | 0.28 | -0.5 | 64 | ||
2013-08-01 | 2013-06-30 | 0.32 | 0.07 | -0.25 | 78 | ||
2013-05-09 | 2013-03-31 | -0.22 | -0.57 | -0.35 | 159 | ||
2013-02-28 | 2012-12-31 | 0.63 | 0.46 | -0.17 | 26 | ||
2012-11-07 | 2012-09-30 | 0.91 | 0.94 | 0.03 | 3 | ||
2012-08-02 | 2012-06-30 | 0.33 | 0.05 | -0.28 | 84 | ||
2012-05-07 | 2012-03-31 | -0.23 | -0.31 | -0.08 | 34 | ||
2012-02-22 | 2011-12-31 | 0.38 | 0.48 | 0.1 | 26 | ||
2011-11-02 | 2011-09-30 | 0.71 | 0.93 | 0.22 | 30 | ||
2011-08-03 | 2011-06-30 | 0.24 | 0.13 | -0.11 | 45 | ||
2011-05-04 | 2011-03-31 | -0.36 | -0.24 | 0.12 | 33 | ||
2011-02-23 | 2010-12-31 | -0.1 | -1.32 | -1.22 | 1220 | ||
2010-11-09 | 2010-09-30 | 0.79 | 0.99 | 0.2 | 25 | ||
2010-08-02 | 2010-06-30 | 0.08 | -0.18 | -0.26 | 325 | ||
2010-05-03 | 2010-03-31 | -0.83 | -1.09 | -0.26 | 31 | ||
2010-02-24 | 2009-12-31 | 0.27 | 0.41 | 0.14 | 51 | ||
2009-10-28 | 2009-09-30 | 0.76 | 0.79 | 0.03 | 3 | ||
2009-07-29 | 2009-06-30 | 0.46 | 0.46 | 0.0 | 0 | ||
2009-05-04 | 2009-03-31 | -0.07 | 0.23 | 0.3 | 428 | ||
2009-02-25 | 2008-12-31 | 0.56 | 0.84 | 0.28 | 50 | ||
2008-10-29 | 2008-09-30 | 1.01 | 1.36 | 0.35 | 34 | ||
2008-07-30 | 2008-06-30 | 0.71 | 0.68 | -0.03 | 4 | ||
2008-04-30 | 2008-03-31 | 0.04 | 0.34 | 0.3 | 750 | ||
2008-02-13 | 2007-12-31 | 0.39 | 0.42 | 0.03 | 7 | ||
2007-10-24 | 2007-09-30 | 1.36 | 1.28 | -0.08 | 5 | ||
2007-07-25 | 2007-06-30 | 0.71 | 1.05 | 0.34 | 47 | ||
2007-04-25 | 2007-03-31 | -0.22 | -0.05 | 0.17 | 77 | ||
2007-02-14 | 2006-12-31 | 0.47 | 0.28 | -0.19 | 40 | ||
2006-10-25 | 2006-09-30 | 1.21 | 1.1 | -0.11 | 9 | ||
2006-07-26 | 2006-06-30 | 0.58 | 0.8 | 0.22 | 37 | ||
2006-04-26 | 2006-03-31 | -0.1 | -0.03 | 0.07 | 70 | ||
2006-02-15 | 2005-12-31 | 0.81 | 0.86 | 0.05 | 6 | ||
2005-10-26 | 2005-09-30 | 0.96 | 0.98 | 0.02 | 2 | ||
2005-07-27 | 2005-06-30 | 0.35 | 0.36 | 0.01 | 2 | ||
2005-04-27 | 2005-03-31 | -0.12 | -0.2 | -0.08 | 66 | ||
2005-02-16 | 2004-12-31 | 0.27 | 0.47 | 0.2 | 74 | ||
2004-11-03 | 2004-09-30 | 0.7 | 0.8 | 0.1 | 14 | ||
2004-08-04 | 2004-06-30 | 0.31 | 0.34 | 0.03 | 9 | ||
2004-05-05 | 2004-03-31 | -0.23 | -0.23 | 0.0 | 0 | ||
2004-02-18 | 2003-12-31 | 0.35 | 0.34 | -0.01 | 2 | ||
2003-11-05 | 2003-09-30 | 0.52 | 0.6 | 0.08 | 15 | ||
2003-08-06 | 2003-06-30 | 0.27 | 0.26 | -0.01 | 3 | ||
2003-05-07 | 2003-03-31 | -0.06 | -0.04 | 0.02 | 33 | ||
2003-02-19 | 2002-12-31 | 0.14 | 0.28 | 0.14 | 100 | ||
2002-11-06 | 2002-09-30 | 0.6 | 0.57 | -0.03 | 5 | ||
2002-08-07 | 2002-06-30 | 0.4 | 0.41 | 0.01 | 2 | ||
2002-05-08 | 2002-03-31 | -0.02 | -0.04 | -0.02 | 100 | ||
2002-02-20 | 2001-12-31 | 0.29 | 0.29 | 0.0 | 0 | ||
2001-11-06 | 2001-09-30 | 0.53 | 0.59 | 0.06 | 11 | ||
2001-08-08 | 2001-06-30 | 0.31 | 0.32 | 0.01 | 3 | ||
2001-05-09 | 2001-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2001-02-21 | 2000-12-31 | 0.32 | 0.31 | -0.01 | 3 | ||
2000-11-01 | 2000-09-30 | 0.58 | 0.62 | 0.04 | 6 | ||
2000-08-02 | 2000-06-30 | 0.39 | 0.39 | 0.0 | 0 | ||
2000-05-03 | 2000-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
2000-02-16 | 1999-12-31 | 0.29 | 0.36 | 0.07 | 24 | ||
1999-11-03 | 1999-09-30 | 0.54 | 0.51 | -0.03 | 5 | ||
1999-08-04 | 1999-06-30 | 0.33 | 0.33 | 0.0 | 0 | ||
1999-05-05 | 1999-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
1999-02-17 | 1998-12-31 | 0.27 | 0.24 | -0.03 | 11 | ||
1998-11-04 | 1998-09-30 | 0.48 | 0.5 | 0.02 | 4 | ||
1998-08-05 | 1998-06-30 | 0.31 | 0.36 | 0.05 | 16 | ||
1998-05-06 | 1998-03-31 | 0.01 | 0.04 | 0.03 | 300 | ||
1998-02-18 | 1997-12-31 | 0.12 | 0.14 | 0.02 | 16 | ||
1997-11-05 | 1997-09-30 | 0.32 | 0.33 | 0.01 | 3 | ||
1997-08-07 | 1997-06-30 | 0.21 | 0.2 | -0.01 | 4 | ||
1997-05-08 | 1997-03-31 | 0.03 | 0.0059 | -0.0241 | 80 | ||
1997-02-20 | 1996-12-31 | 0.12 | 0.12 | 0.0 | 0 | ||
1996-11-06 | 1996-09-30 | 0.42 | 0.37 | -0.05 | 11 | ||
1996-08-08 | 1996-06-30 | 0.25 | 0.23 | -0.02 | 8 | ||
1996-05-02 | 1996-03-31 | -0.02 | 0.01 | 0.03 | 150 | ||
1996-02-22 | 1995-12-31 | 0.14 | 0.14 | 0.0 | 0 | ||
1995-11-02 | 1995-09-30 | 0.3 | 0.33 | 0.03 | 10 | ||
1995-08-03 | 1995-06-30 | 0.15 | 0.21 | 0.06 | 40 | ||
1995-05-04 | 1995-03-31 | -0.03 | 0.03 | 0.06 | 200 | ||
1995-02-16 | 1994-12-31 | 0.1 | 0.08 | -0.02 | 20 |
Granite Construction Corporate Directors
| Celeste Mastin | Independent Director | Profile | |
| Jeffery Lyash | Independent Director | Profile | |
| David Darnell | Independent Director | Profile | |
| Patricia Galloway | Independent Director | Profile |
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Is Construction & Engineering space 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 0.396 | Dividend Share 0.52 | Earnings Share 2.55 | Revenue Per Share | Quarterly Revenue Growth 0.047 |
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.
Please note, there is a significant difference between Granite Construction's value and its price as these two are different measures arrived at by different 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.