Argan, Inc. (AGX) P/E Ratio History
ExpensiveTrading at 75.9x vs 5Y avg 23.7x · 100th percentile · Material premium to history · Data 1997–2027
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P/E Ratio Analysis
As of June 22, 2026, Argan, Inc. (AGX) trades at a price-to-earnings ratio of 75.9x, with a stock price of $738.85 and trailing twelve-month earnings per share of $11.36.
The current P/E is 221% above its 5-year average of 23.7x. Over the past five years, AGX's P/E has ranged from a low of 14.3x to a high of 58.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, AGX trades at a 197% premium to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
The PEG ratio of 1.68 (P/E divided by 58% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AGX commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AGX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AGX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AGX P/E vs Peers
Energy, pipeline and power contractors peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 61.2 | 3.67 | +311%Best | |
| $105B | 103.3 | 5.99 | +13% | |
| $30B | 74.9 | 25.22 | +146% | |
| $5B | 20.2 | 1.10 | +52% | |
| $1B | 25.5 | - | +121% | |
| $69B | 68.1 | 1.42 | +98% | |
| $7B | 29.4 | 3.63 | -24% | |
| $26B | 91.9 | 2.07 | +13% | |
| $14B | 47.8 | 0.87Best | +21% | |
| $1B | 15.7Lowest | 10.15 | +29% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AGX Historical P/E Data (1997–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | - | $669.98 | $11.38 | 58.9x | +53% |
| FY2026 Q4 | Jan 31 2026 | $347.11 | $9.74 | 35.6x | -7% |
| FY2026 Q3 | Oct 31 2025 | $306.21 | $8.49 | 36.1x | -6% |
| FY2026 Q2 | - | $244.98 | $8.32 | 29.4x | -23% |
| FY2026 Q1 | Apr 30 2025 | $153.13 | $7.13 | 21.5x | -44% |
| FY2025 Q4 | Jan 31 2025 | $136.80 | $6.11 | 22.4x | -42% |
| FY2025 Q3 | - | $132.04 | $4.78 | 27.6x | -28% |
| FY2025 Q2 | Jul 31 2024 | $78.93 | $3.18 | 24.8x | -35% |
| FY2025 Q1 | - | $60.26 | $2.81 | 21.4x | -44% |
| FY2024 Q4 | Jan 31 2024 | $44.33 | $2.39 | 18.5x | -52% |
| FY2024 Q3 | - | $45.74 | $2.50 | 18.3x | -52% |
| FY2024 Q2 | Jul 31 2023 | $38.04 | $2.66 | 14.3x | -63% |
| FY2024 Q1 | Apr 30 2023 | $40.23 | $2.02 | 19.9x | -48% |
| FY2023 Q4 | - | $38.99 | $2.36 | 16.5x | -57% |
| FY2023 Q3 | Oct 31 2022 | $34.67 | $1.50 | 23.1x | -40% |
| FY2023 Q2 | Jul 31 2022 | $37.16 | $1.72 | 21.6x | -44% |
| FY2023 Q1 | Apr 30 2022 | $36.78 | $2.23 | 16.5x | -57% |
| FY2022 Q4 | Jan 31 2022 | $37.15 | $2.40 | 15.5x | -60% |
| FY2022 Q3 | Oct 31 2021 | $41.26 | $2.86 | 14.4x | -62% |
| FY2022 Q2 | Jul 31 2021 | $44.95 | $2.68 | 16.8x | -56% |
| FY2022 Q1 | Apr 30 2021 | $50.15 | $2.23 | 22.5x | -41% |
| FY2021 Q4 | Jan 31 2021 | $43.23 | $1.51 | 28.6x | -26% |
| FY2021 Q3 | Oct 31 2020 | $41.19 | $0.45 | 91.3x | +138% |
| FY2020 Q2 | Jul 31 2019 | $41.15 | $0.09 | 457.2x | +1090% |
| FY2020 Q1 | - | $47.82 | $1.10 | 43.5x | +13% |
| FY2019 Q4 | - | $42.22 | $3.32 | 12.7x | -67% |
| FY2019 Q3 | Oct 31 2018 | $44.02 | $3.91 | 11.3x | -71% |
| FY2019 Q2 | - | $38.40 | $2.93 | 13.1x | -66% |
| FY2019 Q1 | Apr 30 2018 | $40.00 | $3.57 | 11.2x | -71% |
| FY2018 Q4 | Jan 31 2018 | $43.60 | $4.57 | 9.5x | -75% |
| FY2018 Q3 | - | $68.75 | $5.41 | 12.7x | -67% |
| FY2018 Q2 | Jul 31 2017 | $64.45 | $5.48 | 11.8x | -69% |
| FY2018 Q1 | Apr 30 2017 | $66.85 | $5.05 | 13.2x | -66% |
| FY2017 Q4 | - | $73.75 | $4.55 | 16.2x | -58% |
| FY2017 Q3 | Oct 31 2016 | $56.85 | $3.87 | 14.7x | -62% |
| FY2017 Q2 | Jul 31 2016 | $46.13 | $3.43 | 13.4x | -65% |
| FY2017 Q1 | Apr 30 2016 | $34.18 | $2.89 | 11.8x | -69% |
| FY2016 Q4 | Jan 31 2016 | $30.12 | $2.58 | 11.7x | -70% |
| FY2016 Q3 | Oct 31 2015 | $36.95 | $2.37 | 15.6x | -59% |
| FY2016 Q2 | Jul 31 2015 | $38.88 | $2.49 | 15.6x | -59% |
| FY2016 Q1 | - | $32.31 | $2.32 | 13.9x | -64% |
| FY2015 Q4 | Jan 31 2015 | $30.41 | $2.06 | 14.8x | -62% |
| FY2015 Q3 | Oct 31 2014 | $34.81 | $2.29 | 15.2x | -60% |
| FY2015 Q2 | - | $33.90 | $2.28 | 14.9x | -61% |
| FY2015 Q1 | Apr 30 2014 | $26.77 | $2.59 | 10.3x | -73% |
| FY2014 Q4 | Jan 31 2014 | $28.41 | $2.80 | 10.1x | -74% |
| FY2014 Q3 | - | $22.25 | $2.63 | 8.5x | -78% |
| FY2014 Q2 | Jul 31 2013 | $15.85 | $2.23 | 7.1x | -82% |
| FY2014 Q1 | - | $17.70 | $1.79 | 9.9x | -74% |
| FY2013 Q4 | - | $18.80 | $1.66 | 11.3x | -71% |
| FY2013 Q3 | Oct 31 2012 | $17.79 | $1.40 | 12.7x | -67% |
| FY2013 Q2 | - | $15.81 | $1.12 | 14.1x | -63% |
| FY2013 Q1 | Apr 30 2012 | $14.58 | $0.82 | 17.8x | -54% |
| FY2012 Q4 | - | $14.50 | $0.54 | 26.9x | -30% |
| FY2012 Q3 | Oct 31 2011 | $13.60 | $0.57 | 23.9x | -38% |
| FY2012 Q2 | Jul 31 2011 | $10.37 | $0.53 | 19.6x | -49% |
| FY2012 Q1 | Apr 30 2011 | $9.40 | $0.62 | 15.2x | -61% |
| FY2011 Q4 | Jan 31 2011 | $9.27 | $0.73 | 12.7x | -67% |
| FY2011 Q3 | Oct 31 2010 | $8.47 | $0.46 | 18.5x | -52% |
| FY2011 Q2 | Jul 31 2010 | $8.33 | $0.49 | 17.1x | -56% |
| FY2011 Q1 | Apr 30 2010 | $11.36 | $0.44 | 25.9x | -33% |
| FY2010 Q4 | Jan 31 2010 | $14.20 | $0.51 | 27.9x | -27% |
| FY2010 Q3 | Oct 31 2009 | $12.35 | $0.92 | 13.4x | -65% |
| FY2010 Q2 | Jul 31 2009 | $14.80 | $0.97 | 15.3x | -60% |
| FY2010 Q1 | - | $13.31 | $0.85 | 15.7x | -59% |
| FY2009 Q4 | Jan 31 2009 | $11.24 | $0.77 | 14.6x | -62% |
| FY2009 Q3 | Oct 31 2008 | $11.87 | $0.35 | 33.9x | -12% |
| FY2009 Q1 | Apr 30 2008 | $12.50 | $0.03 | 408.5x | +963% |
| FY2004 Q1 | Apr 30 2003 | $6.60 | $0.11 | 60.0x | +56% |
| FY2003 Q4 | Jan 31 2003 | $7.50 | $0.31 | 24.2x | -37% |
| FY2002 Q2 | - | $7.80 | $0.01 | 780.0x | +1930% |
| FY2002 Q1 | Apr 30 2001 | $9.30 | $0.16 | 58.1x | +51% |
| FY2001 Q4 | Jan 31 2001 | $8.44 | $0.29 | 29.1x | -24% |
| FY2001 Q3 | - | $7.73 | $0.45 | 17.2x | -55% |
| FY2000 Q1 | Apr 30 1999 | $14.06 | $1.00 | 14.1x | -63% |
| FY1999 Q4 | Jan 31 1999 | $12.66 | $1.40 | 9.0x | -76% |
| FY1999 Q3 | Oct 31 1998 | $11.25 | $0.40 | 28.1x | -27% |
| FY1999 Q2 | Jul 31 1998 | $12.66 | $0.40 | 31.6x | -18% |
| FY1999 Q1 | - | $13.13 | $0.60 | 21.9x | -43% |
| FY1998 Q4 | Jan 31 1998 | $10.78 | $0.80 | 13.5x | -65% |
| FY1998 Q3 | Oct 31 1997 | $10.78 | $1.29 | 8.4x | -78% |
| FY1998 Q2 | - | $11.25 | $1.29 | 8.7x | -77% |
| FY1998 Q1 | Apr 30 1997 | $9.38 | $1.56 | 6.0x | -84% |
| FY1997 Q4 | Jan 31 1997 | $15.47 | $1.63 | 9.5x | -75% |
| FY1997 Q3 | - | $18.75 | $1.34 | 14.0x | -64% |
| FY1997 Q2 | Jul 31 1996 | $17.81 | $1.67 | 10.7x | -72% |
| FY1997 Q1 | - | $26.25 | $0.67 | 39.2x | +2% |
Average P/E for displayed period: 38.4x
Full Stock Analysis
Deep dive into AGX consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AGX — Frequently Asked Questions
Quick answers to the most common questions about buying AGX stock.
What is AGX's P/E ratio?
Argan, Inc. (AGX) trailing twelve-month P/E ratio is 75.9x, based on TTM diluted EPS of $11.36. The 5-year average P/E is 23.7x and the historical range spans 14.3x to 58.9x.
Is AGX stock overvalued or undervalued?
AGX trades at 75.9x P/E, above its 5-year average of 23.7x. The 100th percentile ranking within the 14.3x–58.9x historical range indicates a premium to historical valuation.
Is AGX stock expensive?
Yes, AGX is expensive relative to its own history. The current P/E of 75.9x is above the 5-year average of 23.7x and also above the Industrials sector median of 25.6x. The stock sits at the 100th percentile of its 5-year valuation range.
What is AGX's historical P/E range?
Over the past 5 years, AGX's P/E ratio has ranged from 14.3x to 58.9x, with a median of 21.5x and an average of 23.7x. The current P/E of 75.9x places the stock at the 100th percentile of this range. Full historical data spans 1997–2027.
How does AGX's P/E compare to the S&P 500?
AGX trades at 75.9x P/E versus the S&P 500 median of 24.4x. The 211% premium to the market typically reflects higher expected earnings growth or quality.
How does AGX's valuation compare to Industrials peers?
Argan, Inc. P/E of 75.9x compares to the Industrials sector median of 25.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AGX's PEG ratio?
AGX PEG ratio is 1.68, based on a P/E of 75.9x and EPS growth of 58.2%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is AGX's earnings yield?
AGX earnings yield is 1.32%, the inverse of its 75.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.