Granite Construction (FRA:GRG) Days Payable: 48.61 (As of Mar. 2026) — 19% Above Median


FRA:GRG Granite Construction Inc FRA:GRG
77 GF Score
Price €126.00
GF Value €94.60
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Granite Construction Days Payable?

Granite Construction FRA:GRG -3.08% 77 Days Payable is 48.61 as of Mar. 2026, which is 19% above its 10-year median of 40.98. GuruFocus rates FRA:GRG with a GF Score™ of 77/100 and a GF Value™ of €94.60 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,708 Construction companies, Granite Construction ranks worse than 79.04% on this metric.

Granite Construction's average Accounts Payable for the three months ended in Mar. 2026 was €370 Mil. Granite Construction's Cost of Goods Sold for the three months ended in Mar. 2026 was €694 Mil. Hence, Granite Construction's Days Payable for the three months ended in Mar. 2026 was 48.61.

The historical rank and industry rank for Granite Construction's Days Payable or its related term are showing as below:

FRA:GRG' s Days Payable Range Over the Past 10 Years
Min: 29.4   Med: 40.98   Max: 44.04
Current: 41.27

During the past 13 years, Granite Construction's highest Days Payable was 44.04. The lowest was 29.40. And the median was 40.98.

FRA:GRG's Days Payable is ranked worse than
79.04% of 1708 companies
in the Construction industry
Industry Median: 76.635 vs FRA:GRG: 41.27

Granite Construction's Days Payable declined from Mar. 2025 (58.97) to Mar. 2026 (48.61). It may suggest that Granite Construction accelerated paying its suppliers.


Granite Construction Days Payable Historical Data

* Premium members only.

The historical data trend for Granite Construction's Days Payable 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.

Granite Construction Days Payable Chart

Granite Construction Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.21 39.74 44.13 42.47 43.53

Granite Construction Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 58.97 41.44 38.00 43.75 48.61

FRA:GRG vs ACA, ROAD, MYRG: Days Payable Comparison

For the Engineering & Construction subindustry, Granite Construction's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Granite Construction Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Granite Construction's Days Payable distribution charts can be found below:

* The bar in red indicates where Granite Construction's Days Payable falls into.


FRA:GRG
77GF Score
Granite Construction Inc FRA:GRG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Granite Construction Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Granite Construction's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (388.898 + 367.474) / 2 ) / 3171.042*365
=378.186 / 3171.042*365
=43.53

Granite Construction's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (367.474 + 372.215) / 2 ) / 694.214*365 / 4
=369.8445 / 694.214*365 / 4
=48.61

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 48.61 mean?
Granite Construction (FRA:GRG) has a Days Payable of 48.61 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Granite Construction and its competitors. This is 19% above median its historical median of 40.98. Over the past decade, Granite Construction's Days Payable has ranged from 29.40 to 44.04. According to the industry distribution chart, Granite Construction ranks #1350 out of 1708 companies in the Construction industry, placing it in the top 79%.
Is Granite Construction's Days Payable too high?
Granite Construction's current Days Payable of 48.61 is 19% above median its 10-year median of 40.98. Over the past 10 years, this metric has ranged from a low of 29.40 to a high of 44.04. The Construction industry median Days Payable is 76.64. Granite Construction's value of 48.61 is 36.6% below this industry median. Based on the distribution chart, Granite Construction ranks #1350 out of 1708 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Granite Construction has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Granite Construction's Days Payable compare to ACA and ROAD?
According to the Construction industry distribution chart, Granite Construction ranks #1350 out of 1708 companies for Days Payable. This places Granite Construction in the lower half of its industry. The industry median Days Payable is 76.64. Granite Construction's value of 48.61 is 36.6% below this benchmark. Historically, Granite Construction's own Days Payable has ranged from 29.40 to 44.04 over the past decade. While the company's 10-year median is 40.98 vs. the industry median of 76.64, Granite Construction has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Construction company?
The median Days Payable among Construction companies is 76.64, based on 1,708 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Granite Construction's current Days Payable of 48.61 is 36.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Granite Construction and its competitors. For the Construction industry, the median Days Payable is 76.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Construction's current Days Payable is 48.61, which is 19% above median its own 10-year median of 40.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Construction stock overvalued right now?
Based on GuruFocus' analysis, Granite Construction (FRA:GRG) is currently considered Significantly Overvalued. The stock's GF Value™ is €94.60, compared to a current price of €126.00 — trading 33.2% above its estimated fair value. The current Days Payable is 48.61, which is 19% above median its 10-year median of 40.98 and 36.6% below the Construction industry median of 76.64. Granite Construction's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Granite Construction (FRA:GRG), the current Days Payable is 48.61 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 Granite Construction (FRA:GRG) Overvalued in 2026?

Based on GuruFocus' analysis, Granite Construction stock appears to be overvalued. The current stock price of €126.00 is trading 33.2% above its estimated GF Value™ of €94.60. GuruFocus considers Granite Construction to be Significantly Overvalued.

Key valuation signals for FRA:GRG:

  • Days Payable: 48.61 (19% above median its 10-year median of 40.98)
  • GF Value™: €94.60 vs. price of €126.00 (33.2% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 36.6% below the Construction median (#1350 of 1708)

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


Granite Construction Business Description

Other Exchanges GVA:USAGRG:Germany
Address 585 West Beach Street, Watsonville, CA, USA, 95076
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. The company focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, bridges, dams, tunnels, and other infrastructure projects. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's Construction operating segment, and rest from Materials segment.
77GF Score

Get the complete analysis for FRA:GRG

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

€126.00
Price
€94.60
GF Value