Argan Inc (AGX) fair value: what the stock is really worth
We calculate from audited financials what Argan Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Argan Inc
AGX · USNeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 19, 2026.
How to read this chart
60‑month range $29.95 – $798.55 · fair‑value band $294.91 – $1,133 · the $380.12 price screens below the $421.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 19, 2026.
Company profile
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata.
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Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects; and design, construction, project management, start-up, and operation, as well as provides technical consulting services; and turbine, boiler, and large rotating equipment. This segment serves independent power producers, public utilities, power plant equipment suppliers, and other commercial firms. The company's Industrial segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and fabricates, delivers, and installation of metal components, such as piping systems and pressure vessels. Its Teledata segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks; and utility construction services and comprehensive technology wiring solutions. This segment serves electricity cooperative, state and federal government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.
Stock analysis
Argan Inc (AGX) currently trades at $380.12, while our model-based Fair Value estimate is $421.30, implying the stock looks roughly 9.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $406.14 per share, and 7 of the 26 models we run sit above the $380.12 price.
Bear case: the Economic Profit group reads lowest at $100.64, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $294.91 (bear) to $1,133 (bull), the price of $380.12 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 71/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Argan Inc reported revenue of $945M in FY2026 versus $509M in FY2022, a compound +16.7%/yr. Reported net income was $138M in FY2026, compounding +37.8%/yr from FY2022.
Key figures
Market cap $8.7B · P/E ratio 33.3 · P/S ratio 4.86 · EPS (TTM) $11.40 · Dividend yield 0.5% · Net margin 14.6% · Return on equity 38.5% · Return on assets (EBIT) 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 97% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −30% fair-value upside, at 11%, AGX screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 46
Revenue & earnings trend
Growth Forecast
Watch AGX, get fair value alerts →
Recent news
- Can Argan's Industrial Expansion Drive Growth Despite Margin Pressure?
- Argan (AGX) Stock Looks Stretched After Record Earnings And Dividend Rise
Compare Argan Inc with another stock
Price, fair value, quality and upside side by side.
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 · 815 stocks
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.
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| Ferrovial N.V FER | €48.03 | €19.17 | −60% |
| Samsung C&T Corporation 028260 | 355,500 KRW | 261,411 KRW | −26% |
| HOCHTIEF Aktiengesellschaft HOT | €392.40 | €203.87 | −48% |
| EMCOR Group EME | $739.46 | $518.51 | −30% |
| MasTec, Inc MTZ | $225.62 | $100.00 | −56% |
| Bouygues SA EN | €44.85 | €65.67 | +46% |
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Key figures of Argan Inc
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