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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Granite Construction's Debt-to-EBITDA or its related term are showing as below:
GVA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -12.92 Med: 2.41 Max: 9.15
Current: 9.15
During the past 13 years, the highest Debt-to-EBITDA Ratio of Granite Construction was 9.15. The lowest was -12.92. And the median was 2.41.
GVA's Debt-to-EBITDA is ranked worse than 88.24% of 1411
companies
in the Construction industry
Industry Median: 2.12
vs GVA: 9.15
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Granite Construction Debt-to-EBITDA Related Terms
Granite Construction Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Granite Construction's Debt-to-EBITDA 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.
For the Engineering & Construction subindustry, Granite Construction's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Granite Construction's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Granite Construction's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Granite Construction (GVA) has a Debt-to-EBITDA of -2.54 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Granite Construction. According to the industry distribution chart, Granite Construction ranks #1245 out of 1411 companies in the Construction industry, placing it in the top 88.2%.
Is Granite Construction's Debt-to-EBITDA too high?
Granite Construction's current Debt-to-EBITDA is -2.54. Based on the distribution chart, Granite Construction ranks #1245 out of 1411 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Granite Construction has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Granite Construction's Debt-to-EBITDA compare to LGN and ROAD?
According to the Construction industry distribution chart, Granite Construction ranks #1245 out of 1411 companies for Debt-to-EBITDA. This places Granite Construction in the lower half of its industry. The industry median Debt-to-EBITDA is 2.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Construction company?
The median Debt-to-EBITDA among Construction companies is 2.12, based on 1,411 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Granite Construction. For the Construction industry, the median Debt-to-EBITDA is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Construction's current Debt-to-EBITDA is -2.54. 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 (GVA) is currently considered Fairly Valued. The stock's GF Value™ is $124.20, compared to a current price of $128.32 — trading 3.3% above its estimated fair value. The current Debt-to-EBITDA is -2.54. Granite Construction's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Granite Construction (GVA), the current Debt-to-EBITDA is -2.54 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 Granite Construction (GVA) Overvalued in 2026?
Based on GuruFocus' analysis, Granite Construction stock appears to be overvalued.
The current stock price of $128.32 is trading 3.3% above its estimated GF Value™ of $124.20.
GuruFocus considers Granite Construction to be Fairly Valued.
Key valuation signals for GVA:
Debt-to-EBITDA: -2.54
GF Value™: $124.20 vs. price of $128.32 (3.3% above fair value)
No single metric tells the full story. See the GVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
68GF Score
Get the complete analysis for GVA
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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