Everus Construction Group, Inc. (ECG) stock analysis
Close on Nov 11, 2026Market cap $4.55BP/E 15.8Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Solid17 of 30 checks passed
Everus Construction passes 17 of the 30 checks behind our score; 8 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 5/6
- Past performance
- 5/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Trading below fair value
The share price of $89.11 is below our fair value estimate of $89.79.
Return on equity over 15%
Return on equity was 40.3% over the last twelve months and averaged 34.4% over five years.
Return on capital over 10%
Return on invested capital was 30.0%, above the 10% that usually covers the cost of capital.
Revenue growing 10%+ a year
Revenue grew 11.5% a year over the last three fiscal years.
What to watch
Margin of safety under 20%
The price is 0.8% below fair value, less than the 20% cushion we look for.
High debt
Debt is 65.5% of shareholders' equity, above the 40% we consider low.
P/E above the industry
Everus Construction's P/E of 15.8 is above the Operative Builders median of 14.1.
P/B above the industry
Everus Construction's price-to-book of 5.26 is above the Operative Builders median of 1.00.
Valuation3/6
P/E below its 5-year median
Everus Construction's P/E of 15.8 is below its own 5-year median of 24.4.
P/E above the industry
Everus Construction's P/E of 15.8 is above the Operative Builders median of 14.1.
EV/EBITDA below its 5-year median
Everus Construction's EV/EBITDA of 12.7 is below its 5-year median of 18.8.
P/B above the industry
Everus Construction's price-to-book of 5.26 is above the Operative Builders median of 1.00.
Trading below fair value
The share price of $89.11 is below our fair value estimate of $89.79.
Margin of safety under 20%
The price is 0.8% below fair value, less than the 20% cushion we look for.
Growth5/6
Revenue growing 10%+ a year
Revenue grew 11.5% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 17.3% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 33.5% over the last twelve months; the Operative Builders median is -7.3%.
Guidance raised
Everus Construction raised its 2026 Revenues outlook on Aug 4, 2026.
Gross margin improving
Gross margin was 13.6% over the last twelve months, against 12.1% a year earlier.
Past performance5/6
Return on equity over 15%
Return on equity was 40.3% over the last twelve months and averaged 34.4% over five years.
Return on capital over 10%
Return on invested capital was 30.0%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Everus Construction's return on equity of 40.3% is above the Operative Builders median of 10.7%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 6.2% over the last twelve months, against a 5-year average of 5.0%.
Net margin above the industry
Everus Construction's net margin of 6.2% is above the Operative Builders median of 4.3%.
Financial health4/6
High debt
Debt is 65.5% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 55.7% of total debt.
Interest well covered
Operating income covers interest expense 18.7 times.
Short-term assets cover short-term debts
Current assets are 1.53 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 4.31; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Everus Construction has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$89.79
The share price is 1% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 17.2× | 24.4× | 14.1× | $97.30 | 53% |
| EV/EBITDA | 11.7× | 18.8× | 8.6× | $81.22 | 47% |
| Earnings powerleft out, too far from the others | 14.5% cost of equity | – | – | $15.39 | – |
| Fair value | $89.79 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 24.4
- Operative Builders median 14.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $79.78M
- Value traded per 1% price move
- $22.21M
Downside
High risk
- Typical loss in a bad month
- 29.1%
- Volatility (annualized)
- 71%
- Sharpe ratio, 1 year
- -0.23
- Beta to the S&P 500 (5Y)
- 1.92
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2021 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +31.5% | +11.5% | – | – | |
| Gross profit | +33.8% | +18.0% | – | – | |
| Operating income | +39.4% | +17.2% | – | – | |
| Net income | +40.7% | +17.4% | – | – | |
| EPS, diluted | +40.6% | +17.3% | – | – | |
| Free cash flow | -21.8% | – | – | – |
Returns and balance sheet
5 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 38.3% | |
| Return on assets | – | – | 13.4% | |
| Current ratio | – | – | 1.76 | |
| Debt to equity | – | – | 0.45 | |
| Interest coverage | – | – | 12.3× | |
| Inventory turnover | – | – | 74.0× | |
| Capex to revenue | – | – | 1.8% | |
| Diluted shares | – | – | 51M |
Cash use needs five years of cash flow figures
Everus Construction does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 2.48× | 2.87× | 38.3% |
| FY2024 | 5.0% | 2.43× | 2.69× | 32.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$201.77M
- Cash generatingOperating cash flow above zero$156.85M
- Return on assets improvedROA up on the prior year13.6% → 15.7%
- Earnings backed by cashOperating cash flow above net income$156.85M vs $201.77M
- Less leverageLong-term debt to assets fell21.8% → 15.4%
- Better liquidityCurrent ratio rose1.79 → 1.76
- No dilutionShare count did not rise51M → 51M
- Gross margin improvedGross margin up on the prior year11.91% → 12.12%
- More efficientAsset turnover rose2.71 → 2.91
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