Keel Infrastructure (MEX:KEEL) Construction In Progress: MXN1,299 Mil (As of Mar. 2026)


MEX:KEEL Keel Infrastructure Corp MEX:KEEL
31 GF Score
Price MXN94.00
GF Value MXN28.71
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Keel Infrastructure Construction In Progress?

Keel Infrastructure MEX:KEEL -6.00% 31 Construction In Progress is MXN1,299 Mil as of Mar. 2026. GuruFocus rates MEX:KEEL with a GF Score™ of 31/100 and a GF Value™ of MXN28.71 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Keel Infrastructure's quarterly construction in progress increased from Sep. 2025 (MXN15 Mil) to Dec. 2025 (MXN363 Mil) and increased from Dec. 2025 (MXN363 Mil) to Mar. 2026 (MXN1,299 Mil).

Keel Infrastructure's annual construction in progress increased from Dec. 2023 (MXN676 Mil) to Dec. 2024 (MXN835 Mil) but then declined from Dec. 2024 (MXN835 Mil) to Dec. 2025 (MXN363 Mil).

Keel Infrastructure Construction In Progress Historical Data

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The historical data trend for Keel Infrastructure'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.

Keel Infrastructure Construction In Progress Chart

Keel Infrastructure Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 0.00 628.36 675.80 835.46 363.07

Keel Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 93.82 30.64 15.08 363.07 1,298.55
MEX:KEEL
31GF Score
Keel Infrastructure Corp MEX:KEEL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Keel Infrastructure 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 MXN1,299 Mil mean?
Keel Infrastructure (MEX:KEEL) has a Construction In Progress of MXN1,299 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Keel Infrastructure and its competitors.
Is Keel Infrastructure's Construction In Progress too high?
Keel Infrastructure's current Construction In Progress is MXN1,299 Mil. Overall, Keel Infrastructure has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keel Infrastructure's Construction In Progress compare to IBM and ACN?
Keel Infrastructure's Construction In Progress of MXN1,299 Mil can be compared against companies in the Software 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 Software company?
A good Construction In Progress depends on the Software 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 Keel Infrastructure and its competitors. Keel Infrastructure's current Construction In Progress is MXN1,299 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keel Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Keel Infrastructure (MEX:KEEL) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN28.71, compared to a current price of MXN94.00 — trading 227.4% above its estimated fair value. The current Construction In Progress is MXN1,299 Mil. Keel Infrastructure's overall GF Score™ is 31/100 with 3 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 Keel Infrastructure (MEX:KEEL), the current Construction In Progress is MXN1,299 Mil as of Mar. 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 Keel Infrastructure (MEX:KEEL) Overvalued in 2026?

Based on GuruFocus' analysis, Keel Infrastructure stock appears to be overvalued. The current stock price of MXN94.00 is trading 227.4% above its estimated GF Value™ of MXN28.71. GuruFocus considers Keel Infrastructure to be Significantly Overvalued.

Key valuation signals for MEX:KEEL:

  • Construction In Progress: MXN1,299 Mil
  • GF Value™: MXN28.71 vs. price of MXN94.00 (227.4% above fair value)
  • GF Score™: 31/100 with 3 warning signs

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

Keel Infrastructure Business Description

Address 120 Broadway, Suite 1075, New York, NY, USA, 10004
Keel Infrastructure Corp is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. The group has a pipeline of 2.2 gigawatts and established grid interconnections already in place. It delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania and Washington in the United States, and Quebec in Canada. It has data campuses in Moses Lake, Panther Creek, Sharon, Sherbrooke, and Scrubgrass.
31GF Score

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

MXN94.00
Price
MXN28.71
GF Value