Granite Construction (FRA:GRG) Scaled Net Operating Assets: 0.50 (As of Mar. 2026)


FRA:GRG Granite Construction Inc FRA:GRG
77 GF Score
Price €126.00
GF Value €94.60
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Granite Construction Scaled Net Operating Assets?

Granite Construction FRA:GRG -3.08% 77 Scaled Net Operating Assets is 0.50 as of Mar. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Granite Construction's operating assets for the quarter that ended in Mar. 2026 was €2,887 Mil. Granite Construction's operating liabilities for the quarter that ended in Mar. 2026 was €1,155 Mil. Granite Construction's Total Assets for the quarter that ended in Dec. 2025 was €3,442 Mil. Therefore, Granite Construction's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.50.


Granite Construction Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Granite Construction's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Granite Construction Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.35 0.51 0.44 0.59

Granite Construction Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.42 0.46 0.63 0.48 0.50

FRA:GRG vs ACA, ROAD, MYRG: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Granite Construction's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Granite Construction's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Granite Construction's Scaled Net Operating Assets falls into.


FRA:GRG
77GF Score
Granite Construction Inc FRA:GRG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Granite Construction Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Granite Construction's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2814.342-1119.826)/2889.501
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3441.956 - 627.614
=2814.342

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2398.766 - 929.977 - 348.963
=1119.826

Granite Construction's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2887.264-1154.658)/3441.956
=0.50

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3269.388 - 382.124
=2887.264

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2334.288 - 851.108 - 328.522
=1154.658

* 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.

What does a Scaled Net Operating Assets of 0.50 mean?
Granite Construction (FRA:GRG) has a Scaled Net Operating Assets of 0.50 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Granite Construction and its competitors.
Is Granite Construction's Scaled Net Operating Assets too high?
Granite Construction's current Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets compare to ACA and ROAD?
Granite Construction's Scaled Net Operating Assets of 0.50 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Granite Construction and its competitors. Granite Construction's current Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Granite Construction (FRA:GRG), the current Scaled Net Operating Assets is 0.50 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:

  • Scaled Net Operating Assets: 0.50
  • GF Value™: €94.60 vs. price of €126.00 (33.2% above fair value)
  • GF Score™: 77/100 with 5 warning signs

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

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€126.00
Price
€94.60
GF Value