Argan, Inc. (AGX) Financial Ratios
30 years of historical data (1997–2026) · Industrials · Engineering & Construction
EV/EBITDA
↑
73.18
↑+381% vs avg
5yr avg: 15.21
30Y Low1.8·High33.5
P/FCF
↓
25.21
↑+98% vs avg
5yr avg: 12.74
30Y Low2.6·High26.7
P/B Ratio
↑
22.67
↑+417% vs avg
5yr avg: 4.38
30Y Low0.7·High10.6
ROE
↑
33.8%
↓+79% vs avg
5yr avg: 18.9%
30Y Low-68%·High34%
Debt/EBITDA
↑
0.05
+12% vs avg
5yr avg: 0.04
30Y Low0.0·High32.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AGX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Argan, Inc. trades at 75.9x earnings, 249% above its 5-year average of 21.7x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 197%. On a free-cash-flow basis, the stock trades at 25.2x P/FCF, 98% above the 5-year average of 12.7x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.4B | $4.9B | $1.9B | $601M | $553M | $591M | $684M | $658M | $663M | $688M | $1.2B |
| Enterprise Value | $10.0B | $4.6B | $1.8B | $406M | $380M | $242M | $317M | $490M | $498M | $566M | $985M |
| P/E Ratio → | 75.94 | 35.67 | 22.24 | 18.55 | 16.73 | 15.48 | 28.63 | — | 12.72 | 9.56 | 16.39 |
| P/S Ratio | 10.97 | 5.21 | 2.18 | 1.05 | 1.21 | 1.16 | 1.74 | 2.75 | 1.37 | 0.77 | 1.71 |
| P/B Ratio | 22.67 | 10.65 | 5.41 | 2.06 | 1.97 | 1.82 | 2.12 | 1.93 | 1.68 | 1.92 | 3.94 |
| P/FCF | 25.21 | 11.98 | 11.82 | 5.26 | — | 21.90 | 3.95 | 14.14 | — | — | 4.50 |
| P/OCF | 24.98 | 11.87 | 11.35 | 5.14 | — | 20.80 | 3.92 | 12.28 | — | — | 4.45 |
P/E links to full P/E history page with 30-year chart
AGX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Argan, Inc.'s enterprise value stands at 73.2x EBITDA, 381% above its 5-year average of 15.2x. The Industrials sector median is 13.8x, placing the stock at a 429% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.86 | 2.01 | 0.71 | 0.84 | 0.48 | 0.81 | 2.05 | 1.03 | 0.63 | 1.46 |
| EV / EBITDA | 73.18 | 33.50 | 18.75 | 10.45 | 8.38 | 4.97 | 11.48 | — | 11.15 | 5.11 | 8.53 |
| EV / EBIT | 74.42 | 28.59 | 15.82 | 8.30 | 8.27 | 4.62 | 13.79 | — | 11.94 | 5.26 | 8.62 |
| EV / FCF | — | 11.17 | 10.93 | 3.56 | — | 8.97 | 1.84 | 10.55 | — | — | 3.84 |
AGX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Argan, Inc. earns an operating margin of 14.3%, above the Industrials sector average of 4.3%. Operating margins have expanded from 6.4% to 14.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 33.8% is exceptionally high — well above the sector median of 8.2%. ROIC of 59.7% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.5% | 20.5% | 16.1% | 14.1% | 19.0% | 19.6% | 15.8% | -2.9% | 17.1% | 16.7% | 21.7% |
| Operating Margin | 14.3% | 14.3% | 10.1% | 6.4% | 9.2% | 8.7% | 5.9% | -23.4% | 8.3% | 12.0% | 16.6% |
| Net Profit Margin | 14.6% | 14.6% | 9.8% | 5.6% | 7.3% | 7.5% | 6.1% | -18.0% | 10.8% | 8.1% | 10.4% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.8% | 33.8% | 26.6% | 11.3% | 10.9% | 11.8% | 7.2% | -11.7% | 13.8% | 22.1% | 27.3% |
| ROA | 13.6% | 13.6% | 11.9% | 5.9% | 6.3% | 6.6% | 4.4% | -8.9% | 10.2% | 12.1% | 13.3% |
| ROIC | 59.7% | 59.7% | 43.2% | 26.7% | 73.5% | — | 26.7% | -20.7% | 12.9% | 44.4% | 90.4% |
| ROCE | 32.2% | 32.2% | 27.0% | 12.5% | 13.5% | 13.5% | 6.9% | -15.1% | 11.6% | 36.1% | 43.5% |
AGX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Argan, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 3.2x). The company holds a net cash position — cash of $339M exceeds total debt of $6M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | — | — | — | — | — |
| Debt / EBITDA | 0.05 | 0.05 | 0.03 | 0.07 | 0.03 | 0.03 | — | — | — | — | — |
| Net Debt / Equity | — | -0.72 | -0.41 | -0.67 | -0.61 | -1.07 | -1.14 | -0.49 | -0.42 | -0.34 | -0.57 |
| Net Debt / EBITDA | -2.43 | -2.43 | -1.52 | -5.00 | -3.80 | -7.16 | -13.26 | — | -3.68 | -1.10 | -1.45 |
| Debt / FCF | — | -0.81 | -0.89 | -1.70 | — | -12.93 | -2.12 | -3.60 | — | — | -0.65 |
| Interest Coverage | — | — | — | — | — | 4.89 | — | — | — | — | 13.01 |
Net cash position: cash ($339M) exceeds total debt ($6M)
AGX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.60x means Argan, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.81x to 1.60x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.60 | 1.60 | 1.63 | 1.81 | 2.17 | 2.27 | 1.98 | 2.93 | 5.06 | 2.24 | 1.68 |
| Quick Ratio | 1.59 | 1.59 | 1.63 | 1.78 | 2.11 | 2.27 | 1.98 | 2.93 | 5.06 | 2.24 | 1.68 |
| Cash Ratio | 1.27 | 1.27 | 1.09 | 1.36 | 1.61 | 1.98 | 1.65 | 2.28 | 3.60 | 1.78 | 1.49 |
| Asset Turnover | — | 0.80 | 1.05 | 0.96 | 0.93 | 0.92 | 0.65 | 0.49 | 1.01 | 1.65 | 1.05 |
| Inventory Turnover | 68.40 | 68.40 | 2291.22 | 49.32 | 30.97 | 555.07 | — | — | — | — | — |
| Days Sales Outstanding | — | 68.42 | 100.27 | 72.44 | 72.38 | 22.85 | 51.51 | 107.78 | 71.56 | 16.41 | 31.38 |
AGX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Argan, Inc. returns 0.3% to shareholders annually — split between a 0.2% dividend yield and 0.1% buyback yield. The payout ratio of 17.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.5% | 1.0% | 2.4% | 2.5% | 2.6% | 6.9% | 2.4% | 2.4% | 2.3% | 1.3% |
| Payout Ratio | 17.6% | 17.6% | 21.4% | 45.4% | 42.2% | 41.0% | 197.3% | — | 30.1% | 21.6% | 21.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 2.8% | 4.5% | 5.4% | 6.0% | 6.5% | 3.5% | — | 7.9% | 10.5% | 6.1% |
| FCF Yield | 4.0% | 8.3% | 8.5% | 19.0% | — | 4.6% | 25.3% | 7.1% | — | — | 22.2% |
| Buyback Yield | 0.1% | 0.2% | 0.1% | 2.1% | 12.3% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.7% | 1.0% | 4.5% | 14.9% | 6.1% | 6.9% | 2.4% | 2.4% | 2.3% | 1.3% |
| Shares Outstanding | — | $14M | $14M | $14M | $14M | $16M | $16M | $16M | $16M | $16M | $16M |
Peer Comparison
Compare AGX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AGXYou | $10B | 75.9 | 73.2 | 25.2 | 20.5% | 14.3% | 33.8% | 59.7% | 0.0 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 PWR | $105B | 103.3 | 42.8 | 65.0 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $30B | 74.9 | 29.9 | 104.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 FIX | $69B | 68.1 | 47.5 | 67.1 | 24.1% | 14.4% | 49.2% | 53.0% | 0.5 |
 TTEK | $7B | 29.4 | 12.0 | 16.3 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 STRL | $26B | 91.9 | 53.7 | 72.9 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 DY | $14B | 47.8 | 16.6 | 34.1 | 20.6% | 12.5% | 18.2% | 16.4% | 3.1 |
 GLDD | $1B | 15.7 | 9.3 | 11.4 | 22.9% | 14.1% | 15.2% | 9.7% | 2.7 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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AGX — Frequently Asked Questions
Quick answers to the most common questions about buying AGX stock.
What is Argan, Inc.'s P/E ratio?
Argan, Inc.'s current P/E ratio is 75.9x. The historical average is 16.4x. This places it at the 100th percentile of its historical range.
What is Argan, Inc.'s EV/EBITDA?
Argan, Inc.'s current EV/EBITDA is 73.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
What is Argan, Inc.'s ROE?
Argan, Inc.'s return on equity (ROE) is 33.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.2%.
Is AGX stock overvalued?
Based on historical data, Argan, Inc. is trading at a P/E of 75.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Argan, Inc.'s dividend yield?
Argan, Inc.'s current dividend yield is 0.23% with a payout ratio of 17.6%.
What are Argan, Inc.'s profit margins?
Argan, Inc. has 20.5% gross margin and 14.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Argan, Inc. have?
Argan, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.