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Granite ConstructionGVA -0.15%78 Earnings Yield (Joel Greenblatt) % is 0.04% as of Jun. 2026, which is 99% below its 10-year median of 3.66. GuruFocus rates GVA with a GF Score™ of 78/100 and a GF Value™ of $128.80 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,811 Construction companies, Granite Construction ranks worse than 77.58% on this metric.
Granite Construction's Enterprise Value for the quarter that ended in Jun. 2026 was $7,658 Mil.
Granite Construction's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $3 Mil. Granite Construction's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 0.04%.
The historical rank and industry rank for Granite Construction's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GVA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.53 Med: 3.66 Max: 8.32
Current: 0.05
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Granite Construction was 8.32%. The lowest was -19.53%. And the median was 3.66%.
GVA's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.58% of 1811
companies
in the Construction industry
Industry Median: 6.38
vs GVA: 0.05
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Granite Construction's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 21.21%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Granite Construction (NYSE:GVA) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Granite Construction Earnings Yield (Joel Greenblatt) % Related Terms
Granite Construction Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Granite Construction's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, Granite Construction's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Granite Construction's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Granite Construction's Earnings Yield (Joel Greenblatt) % falls into.
Granite Construction Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Granite Constructions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Granite Construction's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 0.04% mean?
Granite Construction (GVA) has a Earnings Yield (Joel Greenblatt) % of 0.04% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Granite Construction and its competitors. This is 99% below median its historical median of 3.66. According to the industry distribution chart, Granite Construction ranks #1405 out of 1811 companies in the Construction industry, placing it in the top 77.6%.
Is Granite Construction's Earnings Yield (Joel Greenblatt) % too high?
Granite Construction's current Earnings Yield (Joel Greenblatt) % of 0.04% is 99% below median its 10-year median of 3.66. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.38. Granite Construction's value of 0.04% is 99.4% below this industry median. Based on the distribution chart, Granite Construction ranks #1405 out of 1811 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Granite Construction has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Granite Construction's Earnings Yield (Joel Greenblatt) % compare to AGX and ECG?
According to the Construction industry distribution chart, Granite Construction ranks #1405 out of 1811 companies for Earnings Yield (Joel Greenblatt) %. This places Granite Construction in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.38. Granite Construction's value of 0.04% is 99.4% below this benchmark. While the company's 10-year median is 3.66 vs. the industry median of 6.38, 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 Earnings Yield (Joel Greenblatt) % for a Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.38, based on 1,811 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Granite Construction's current Earnings Yield (Joel Greenblatt) % of 0.04% is 99.4% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Granite Construction and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Construction's current Earnings Yield (Joel Greenblatt) % is 0.04%, which is 99% below median its own 10-year median of 3.66. 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 $128.80, compared to a current price of $119.30 — trading 7.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.04%, which is 99% below median its 10-year median of 3.66 and 99.4% below the Construction industry median of 6.38. Granite Construction's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Granite Construction (GVA), the current Earnings Yield (Joel Greenblatt) % is 0.04% 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 undervalued.
The current stock price of $119.30 is trading 7.4% below its estimated GF Value™ of $128.80.
GuruFocus considers Granite Construction to be Fairly Valued.
Key valuation signals for GVA:
Earnings Yield (Joel Greenblatt) %: 0.04% (99% below median its 10-year median of 3.66)
GF Value™: $128.80 vs. price of $119.30 (7.4% below fair value)
Industry Position: 99.4% below the Construction median (#1405 of 1811)
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.
78GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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