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Granite ConstructionGVA +5.53%79 Piotroski F-Score is 5 as of Aug. 07, 2026, which is at its 10-year median of 5.00. GuruFocus rates GVA with a GF Score™ of 79/100 and a GF Value™ of $123.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,735 Construction companies, Granite Construction ranks better than 52.8% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Granite Construction has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Granite Construction's Piotroski F-Score or its related term are showing as below:
GVA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Granite Construction was 8. The lowest was 3. And the median was 5.
Granite Construction (NYSE:GVA) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Granite Construction Piotroski F-Score Related Terms
Granite Construction Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Granite Construction's Piotroski F-Score 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.
GVA vs LGN, ROAD, MYRG: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Granite Construction's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Granite Construction's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Granite Construction's Piotroski F-Score 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Granite Construction's current Net Income (TTM) was -165.
==> Negative ==> Score 0.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Granite Construction's return on assets of this year was -0.05309159. Granite Construction's return on assets of last year was 0.05500094.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Granite Construction's gearing of this year was 0.33149609. Granite Construction's gearing of last year was 0.2705833.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Granite Construction's current ratio of this year was 1.01292748. Granite Construction's current ratio of last year was 1.57191231.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Granite Construction's number of shares in issue this year was 43.751. Granite Construction's number of shares in issue last year was 52.755.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Granite Construction's gross margin of this year was 0.15641472. Granite Construction's gross margin of last year was 0.15610555.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Granite Construction's asset turnover of this year was 1.59923355. Granite Construction's asset turnover of last year was 1.41541191.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Granite Construction has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Granite Construction (GVA) has a Piotroski F-Score of 5 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Granite Construction and its competitors. This is near median its historical median of 5.00. Over the past decade, Granite Construction's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Granite Construction ranks #819 out of 1735 companies in the Construction industry, placing it in the top 47.2%.
Is Granite Construction's Piotroski F-Score too high?
Granite Construction's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Granite Construction's value of 5 is 0% at this industry median. Based on the distribution chart, Granite Construction ranks #819 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Granite Construction has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Granite Construction's Piotroski F-Score compare to LGN and ROAD?
According to the Construction industry distribution chart, Granite Construction ranks #819 out of 1735 companies for Piotroski F-Score. This puts Granite Construction in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Granite Construction's value of 5 is 0% at this benchmark. Historically, Granite Construction's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Granite Construction has consistently been at 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 Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Granite Construction's current Piotroski F-Score of 5 is 0% at 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Granite Construction and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Construction's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. 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 $123.82, compared to a current price of $128.32 — trading 3.6% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Construction industry median of 5.00. Granite Construction's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Granite Construction (GVA), the current Piotroski F-Score is 5 as of Aug. 07, 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 3.6% above its estimated GF Value™ of $123.82.
GuruFocus considers Granite Construction to be Fairly Valued.
Key valuation signals for GVA:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $123.82 vs. price of $128.32 (3.6% above fair value)
Industry Position: 0% at the Construction median (#819 of 1735)
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.
79GF Score
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