Construction Partners Inc (ROAD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Construction Partners Inc stock $65.36, price $77.18, that is 15.3% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range $19.16 – $140.48 · fair‑value band $31.62 – $84.97 · the $77.18 price screens above the $65.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.
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The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.
It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement.
In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production.
The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
Stock analysis
Construction Partners Inc (ROAD) currently trades at $77.18, while our model-based Fair Value estimate is $65.36, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $90.31 per share, and 8 of the 22 models we run sit above the $77.18 price.
Bear case: the Economic Profit group reads lowest at $17.27, and 14 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $31.62 (bear) to $84.97 (bull), the price of $77.18 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Construction Partners Inc reported revenue of $2.8B in FY2025 versus $911M in FY2021, a compound +32.6%/yr. Reported net income was $102M in FY2025, compounding +49.9%/yr from FY2021.
Key figures
Market cap $4.8B Mid · P/E ratio 33.3 · P/S ratio 1.39 · EPS (TTM) $2.55 · Net margin 4.1% · Return on equity 15.1% · Return on assets (EBIT) 5.4% (5-year average) · Operating margin 10.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −15%, ROAD screens cheaper than that median.
Fair Value models
Bear$31.62Fair Value $65.36Bull$84.97
Price $77.18 · Downside -15.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($2.55 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $7,970, on Nov 6, 2026.
BuyNoreen E SkellyDirector100 shares at $79.70$7,970Nov 6, 2026
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+54.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.7% vs 15.5%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +18.3% a year for the price and +15.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Vertically integrated focus on Sunbelt roadway projects forms the core strength, while thin evidence leaves durable advantages unclear amid sector cyclicality.
Main risk: Failure of recent asphalt plant and crew acquisitions to cover integration costs would hit profitability in the vertically integrated model.
Construction Partners continues adding asphalt plants and crews through acquisitions, with the latest deal bringing two hot-mix facilities and more than 125 employees into its Texas platform in the growing Abilene area. This fits its vertically integrated model focused on local Sunbelt roadway projects, most of them publicly funded. Our models see the stock as overvalued. Will the incremental capacity and revenues from these bolt-ons cover integration costs and maintain profitability?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 791 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−15.3% · Below median
Profitability
Return on equity (12 months)15.1% · Above median
Return on assets3.1% · Above median
Net margin (12 months)4.1% · Above median
Operating margin (12 months)10.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)28.2% · Top 25%
Balance sheet
Debt / equity1.73× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)33.3× · Priciest 25%
P/B5.29× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Construction Partners Inc (ROAD) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of $65.36 versus a price of $77.18, about 15% lower (overvalued).
What is the fair value of ROAD?
Our model-based fair value for Construction Partners Inc is $65.36 (as of Nov 2, 2026), built from audited fundamentals. The current price: $77.18.
What is the quality score of ROAD?
Construction Partners Inc has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Construction Partners Inc (ROAD)?
Our model-based price target is the fair value of $65.36 (as of Nov 2, 2026) from 22 valuation models. Cautious scenario $31.62, optimistic scenario $84.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Construction Partners Inc stock forecast for 2026?
Our models put fair value at $65.36, about 15% lower versus a price of $77.18 (overvalued). Cautious scenario $31.62, optimistic scenario $84.97. The calculation is refreshed regularly with new filings.
What is the revenue of Construction Partners Inc (ROAD)?
Construction Partners Inc reported trailing-twelve-month revenue of about $3.5B (latest available figure, as of Nov 2, 2026).
What growth is priced into Construction Partners Inc (ROAD)?
For today's price to be fair in a discounted-cash-flow model, Construction Partners Inc would have to grow free cash flow by +21.1 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +29.1 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of ROAD use?
Our models discount Construction Partners Inc at 9.6 %: a base by market capitalisation (mid), damped by beta 0.93, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Construction Partners Inc that is +21.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Construction Partners Inc (ROAD) delivered so far?
Over the past 5 years revenue at Construction Partners Inc grew +29.1 % a year. The price currently implies free-cash-flow growth of +21.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Construction Partners Inc (ROAD) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Construction Partners Inc (+21.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Construction Partners Inc (ROAD)?
The free-cash-flow yield on the price is 3.53 %: that much free cash flow Construction Partners Inc produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Construction Partners Inc (ROAD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Construction Partners Inc it is $65.36 per share (as of Nov 2, 2026), against a price of $77.18. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Construction Partners Inc stock overvalued or undervalued in 2026?
As of Nov 2, 2026, ROAD trades above its calculated fair value: price $77.18, fair value $65.36, a gap of about −15% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ROAD?
No. The price is what the market pays today ($77.18); the fair value is what the company's own numbers justify ($65.36). For Construction Partners Inc the two are $11.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Construction Partners Inc worth?
The market values Construction Partners Inc at about $4.8B (market capitalisation, as of Nov 2, 2026). Per share that is $77.18; our models calculate a fair value of $65.36 per share.
What do the bullish and bearish scenarios say about ROAD?
Our models span a range for Construction Partners Inc: cautious scenario $31.62, base $65.36, optimistic $84.97 per share (as of Nov 2, 2026, price $77.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ROAD?
Construction Partners Inc trades at a price-to-earnings ratio of 33.3 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $65.36 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 35.0 (reported for FY2025: 42.5). Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2023, FY2024, FY2025 ex one-offs: 47.3. Other multiples: PEG 1.6, P/B 5.3, P/S 1.4, EV/EBITDA 12.3.
What is the PEG ratio of ROAD?
The PEG ratio of Construction Partners Inc is 1.57 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Construction Partners Inc (ROAD)?
Balance-sheet figures for Construction Partners Inc (as of Nov 2, 2026): return on equity 15.1%, debt of 1.73 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is ROAD from its 52-week high?
Construction Partners Inc trades at $77.18, about 45% below its 52-week high of $140.48 and at the low of $77.18 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $65.36 is for.
Which stocks are comparable to Construction Partners Inc?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Construction Partners Inc stock attractive at the current price?
The data as of Nov 2, 2026: price $77.18, calculated fair value $65.36 (−15%), Quality Score 45/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ROAD calculated?
We run Construction Partners Inc through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $65.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Construction Partners Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Construction Partners Inc (ROAD)?
The closing price on Nov 6, 2026 was $77.18. Our model-based fair value is $65.36, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Construction Partners Inc right now?
Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($31.62 to $84.97). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Construction Partners Inc
How large is the market capitalisation of Construction Partners Inc (ROAD)?
The market capitalisation of Construction Partners Inc is $4.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Construction Partners Inc (ROAD)?
The price-to-sales ratio of Construction Partners Inc is 1.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Construction Partners Inc (ROAD)?
Earnings per share at Construction Partners Inc are $2.55 (price ÷ EPS = P/E 33.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Construction Partners Inc (ROAD)?
The net margin of Construction Partners Inc is 4.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Construction Partners Inc (ROAD)?
The return on equity (ROE) of Construction Partners Inc is 15.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Construction Partners Inc (ROAD)?
On an EBIT basis the return on assets of Construction Partners Inc is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Construction Partners Inc (ROAD)?
The operating margin of Construction Partners Inc is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Construction Partners Inc (ROAD)?
Revenue at Construction Partners Inc is growing +28.2% versus a year earlier (3y avg +29.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Construction Partners Inc (ROAD)?
Earnings per share at Construction Partners Inc are growing +34.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Construction Partners Inc (ROAD) carry?
The net debt of Construction Partners Inc is $1.5B (fiscal year 2025, ≈ 10.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 2, 2026