KALU (Kaiser Aluminum) Construction In Progress: $85 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KALU Kaiser Aluminum Corp KALU
70 GF Score
Price $151.15
GF Value $103.20
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Kaiser Aluminum Construction In Progress?

Kaiser Aluminum KALU -3.72% 70 Construction In Progress is $85 Mil as of Jun. 2026. GuruFocus rates KALU with a GF Score™ of 70/100 and a GF Value™ of $103.20 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Kaiser Aluminum's quarterly construction in progress increased from Dec. 2025 ($67 Mil) to Mar. 2026 ($75 Mil) and increased from Mar. 2026 ($75 Mil) to Jun. 2026 ($85 Mil).

Kaiser Aluminum's annual construction in progress increased from Dec. 2023 ($174 Mil) to Dec. 2024 ($298 Mil) but then declined from Dec. 2024 ($298 Mil) to Dec. 2025 ($67 Mil).


Kaiser Aluminum Construction In Progress Historical Data

* Premium members only.

The historical data trend for Kaiser Aluminum's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kaiser Aluminum Construction In Progress Chart

Kaiser Aluminum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.30 141.30 173.70 297.50 66.70

Kaiser Aluminum Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 110.40 128.70 66.70 74.80 84.60
KALU
70GF Score
Kaiser Aluminum Corp KALU
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kaiser Aluminum Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $85 Mil mean?
Kaiser Aluminum (KALU) has a Construction In Progress of $85 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Kaiser Aluminum and its competitors.
Is Kaiser Aluminum's Construction In Progress too high?
Kaiser Aluminum's current Construction In Progress is $85 Mil. Overall, Kaiser Aluminum has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaiser Aluminum's Construction In Progress compare to CSTM and CENX?
Kaiser Aluminum's Construction In Progress of $85 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Kaiser Aluminum and its competitors. Kaiser Aluminum's current Construction In Progress is $85 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Aluminum stock overvalued right now?
Based on GuruFocus' analysis, Kaiser Aluminum (KALU) is currently considered Significantly Overvalued. The stock's GF Value™ is $103.20, compared to a current price of $151.15 — trading 46.5% above its estimated fair value. The current Construction In Progress is $85 Mil. Kaiser Aluminum's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Kaiser Aluminum (KALU), the current Construction In Progress is $85 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kaiser Aluminum (KALU) Overvalued in 2026?

Based on GuruFocus' analysis, Kaiser Aluminum stock appears to be overvalued. The current stock price of $151.15 is trading 46.5% above its estimated GF Value™ of $103.20. GuruFocus considers Kaiser Aluminum to be Significantly Overvalued.

Key valuation signals for KALU:

  • Construction In Progress: $85 Mil
  • GF Value™: $103.20 vs. price of $151.15 (46.5% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the KALU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kaiser Aluminum Business Description

Other Exchanges KLU1:Germany
Address 1550 West McEwen Drive, Suite 500, Franklin, TN, USA, 37067
Kaiser Aluminum Corp specializes in the production of semi-fabricated specialty aluminum mill products, such as aluminum plate and sheet, bare and coated coil and extruded and drawn products, for the end market applications: Aero/HS Products; Packaging; GE Products; and Automotive Extrusions. Its products include fabricated aluminum mill products such as flat-rolled (plate, sheet, and coil), extruded (rod, bar, hollows, and shapes), drawn (rod, bar, pipe, tube and wire) and certain cast aluminum products. Geographically, the company generates majority of its revenue from the United States.
70GF Score

Get the complete analysis for KALU

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$151.15
Price
$103.20
GF Value