Stocktoria

ARGAN INC AGX

NYSE · stock · Construction - Special Trade Contractors · website · IPO 1970-07-17 · LEI

ARGAN INC statistics & valuation

Market cap$10.7B
P / E77.9×
P / S11.4×
P / B23.2×
P / FCF26.1×
Dividend yield0.23%
Net margin14.6%
Return on equity29.8%
FCF margin43.5%
Return on capital28.4%
Graham number -85.2%$84.62

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($84.62); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.40% 8.10% 10.80% -17.90% 6.10% 7.50% 7.30% 5.60% 9.80% 14.60% 2017201820192020202120222023202420252026
Gross margin (%)
21.70% 16.70% 17.10% -2.90% 15.80% 19.60% 19.00% 14.10% 16.10% 20.50% 2017201820192020202120222023202420252026
Operating margin (%)
16.60% 12.00% 8.30% -23.40% 5.90% 8.70% 9.20% 6.40% 10.10% 14.30% 2017201820192020202120222023202420252026
Return on equity (%)
24.00% 20.10% 13.20% -12.50% 7.40% 11.70% 11.80% 11.10% 24.30% 29.80% 2017201820192020202120222023202420252026
Shares outstanding
15.6M 15.8M 15.7M 15.6M 15.8M 15.9M 14.2M 13.5M 13.9M 14.1M 2017201820192020202120222023202420252026
Net debt ($)
2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
10.90% 13.30% 10.90% -8.80% 4.00% 6.90% 6.80% 5.40% 10.20% 11.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
38.00% -8.70% -25.10% 19.50% 44.40% 5.30% -7.30% 19.90% 18.40% 43.50% 2017201820192020202120222023202420252026
Debt / equity (×)
2017201820192020202120222023202420252026
EPS ($)
$4.50 $4.56 $3.32 -$2.73 $1.51 $2.40 $2.33 $2.39 $6.15 $9.74 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ARGAN INC trades at about 58.7× earnings — above its 10-year norm (10-year range 8.8×–46.3×, median 16.7×).

8.8× 58.7×

Shaded band = 10-year range (8.8×–46.3×); dot = today's 58.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin20.5%16.1%14.1%19.0%19.6%15.8%-2.9%17.1%16.7%21.7%
Operating margin14.3%10.1%6.4%9.2%8.7%5.9%-23.4%8.3%12.0%16.6%
Net margin14.6%9.8%5.6%7.3%7.5%6.1%-17.9%10.8%8.1%10.4%
FCF margin43.5%18.4%19.9%-7.3%5.3%44.4%19.5%-25.1%-8.7%38.0%
Return on assets11.6%10.2%5.4%6.8%6.9%4.0%-8.8%10.9%13.3%10.9%
Return on equity29.8%24.3%11.1%11.8%11.7%7.4%-12.5%13.2%20.1%24.0%
Current ratio1.591.631.812.172.271.982.935.122.651.68

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.