Argan, Inc. (AGX) Key Metrics
AGX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.85B
- Enterprise value
- $4.24B
- P/E (TTM)
- 27.3 10-yr median 16.7
- Forward P/E
- 16.6
- PEG ratio
- —
- Price / sales
- 4.1 10-yr median 1.5
- Price / book
- 10.4 10-yr median 2.0
- EV / EBITDA
- 22.1 10-yr median 5.4
- Dividend yield
- 0.81% $2.80 a year
- Beta
- 0.55
AGX key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsAGX valuation Price multiples at each fiscal year-end price.
AGX returns How much profit the business earns on the capital it uses.
AGX per-share figures Results divided by the shares outstanding at year-end.
AGX financial health Debt, liquidity and how easily interest is covered.
AGX efficiency & capital use Working capital cycle and where the cash goes.
AGX valuation history
AGX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AGX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AGX cash returned to shareholders
AGX price vs earnings per share
AGX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.92B | $1.90B | $600.6M | $552.7M | $591.2M | $684.1M | $657.8M | $662.6M | $688.0M | $1.15B |
| Enterprise value | $4.03B | $1.38B | $190.9M | $228.8M | $152.0M | $229.5M | $332.1M | $366.0M | $254.0M | $629.3M |
| P/E ratio | 35.7 | 22.3 | 18.6 | 16.7 | 15.5 | 28.7 | — | 12.7 | 9.6 | 16.4 |
| Price / sales | 5.2 | 2.2 | 1.0 | 1.2 | 1.2 | 1.7 | 2.8 | 1.4 | 0.8 | 1.7 |
| Price / book | 10.6 | 5.4 | 2.1 | 2.0 | 1.8 | 2.1 | 1.9 | 1.7 | 1.9 | 4.0 |
| Price / free cash flow | 12.0 | 11.8 | 5.3 | — | 21.9 | 4.0 | 14.1 | — | — | 4.5 |
| Price / operating cash flow | 11.9 | 11.4 | 5.1 | — | 20.8 | 3.9 | 12.3 | — | — | 4.4 |
| EV / sales | 4.3 | 1.6 | 0.3 | 0.5 | 0.3 | 0.6 | 1.4 | 0.8 | 0.3 | 0.9 |
| EV / EBITDA | 24.8 | 11.8 | 3.7 | 5.0 | 2.7 | 8.3 | — | 7.9 | 2.3 | 5.4 |
| EV / free cash flow | 9.8 | 8.6 | 1.7 | — | 5.6 | 1.3 | 7.1 | — | — | 2.5 |
| Earnings yield | 2.8% | 4.5% | 5.4% | 6.0% | 6.5% | 3.5% | −6.5% | 7.9% | 10.5% | 6.1% |
| Free cash flow yield | 8.3% | 8.5% | 19.0% | −6.0% | 4.6% | 25.3% | 7.1% | −18.3% | −11.3% | 22.2% |
| Dividend yield | 0.5% | 1.0% | 2.4% | 2.5% | 2.6% | 6.9% | 2.4% | 2.4% | 2.3% | 1.3% |
| Shareholder yield (dividends + buybacks) | 0.7% | 1.0% | 4.5% | 14.9% | 6.1% | 6.9% | 2.4% | 2.4% | 2.3% | 1.3% |
| Share price at fiscal year-end | $347.11 | $136.80 | $44.33 | $38.99 | $37.15 | $43.23 | $42.11 | $42.22 | $43.60 | $73.75 |
| Per share | ||||||||||
| Revenue per share | $66.61 | $62.86 | $42.32 | $32.10 | $32.01 | $24.78 | $15.30 | $30.72 | $56.58 | $43.20 |
| Earnings per share | $9.71 | $6.15 | $2.39 | $2.33 | $2.40 | $1.51 | −$2.75 | $3.32 | $4.56 | $4.50 |
| Operating cash flow per share | $29.24 | $12.05 | $8.63 | −$2.12 | $1.79 | $11.04 | $3.43 | −$7.16 | −$4.61 | $16.58 |
| Free cash flow per share | $28.97 | $11.58 | $8.42 | −$2.36 | $1.70 | $10.93 | $2.98 | −$7.71 | −$4.92 | $16.40 |
| Cash per share | $63.11 | $37.76 | $30.44 | $22.96 | $27.68 | $28.86 | $20.99 | $18.90 | $27.50 | $33.47 |
| Book value per share | $32.59 | $25.30 | $21.47 | $19.81 | $20.51 | $20.26 | $21.72 | $25.14 | $22.69 | $18.66 |
| Tangible book value per share | $30.52 | $23.16 | $19.24 | $17.65 | $18.54 | $18.24 | $19.61 | $22.66 | $20.06 | $15.91 |
| Dividends per share | $1.71 | $1.31 | $1.08 | $0.98 | $0.98 | $2.97 | $1.00 | $1.00 | $0.99 | $0.98 |
| Capex per share | $0.27 | $0.47 | $0.20 | $0.24 | $0.09 | $0.11 | $0.45 | $0.55 | $0.31 | $0.18 |
| Debt per share | $0.45 | $0.19 | $0.20 | $0.11 | $0.09 | $0.13 | $0.14 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 14.2M | 13.9M | 13.5M | 14.2M | 15.9M | 15.8M | 15.6M | 15.7M | 15.8M | 15.6M |
| Change in shares outstanding | +2.0% | +2.6% | −4.4% | −10.9% | +0.6% | +1.3% | −0.5% | −0.6% | +1.0% | +4.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 33.8% | 26.6% | 11.3% | 10.9% | 11.8% | 7.2% | −11.7% | 13.8% | 22.2% | 27.6% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | −79.0% | 364.0% | — | — |
| Return on assets (ROA) | 13.6% | 11.9% | 5.9% | 6.3% | 6.6% | 4.4% | −8.9% | 10.2% | 12.1% | 13.3% |
| Return on tangible assets | 11.9% | 10.6% | 5.7% | 7.2% | 7.3% | 4.2% | −9.4% | 11.9% | 14.4% | 11.7% |
| Free cash flow margin | 43.5% | 18.4% | 19.9% | −7.3% | 5.3% | 44.1% | 19.5% | −25.1% | −8.7% | 38.0% |
| Income quality (OCF / net income) | 3.01 | 1.96 | 3.61 | −0.91 | 0.74 | 7.32 | — | −2.16 | −1.01 | 3.68 |
| Financial health | ||||||||||
| Total debt | $6.4M | $2.7M | $2.7M | $1.6M | $1.4M | $2.1M | $2.2M | $0 | $0 | $0 |
| Cash & short-term investments | $895.0M | $525.1M | $412.4M | $325.5M | $440.5M | $456.7M | $327.9M | $296.5M | $434.0M | $523.0M |
| Net debt | −$888.6M | −$522.4M | −$409.7M | −$323.9M | −$439.1M | −$454.6M | −$325.7M | −$296.5M | −$434.0M | −$523.0M |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −5.46 | −4.47 | −7.98 | −7.14 | −7.75 | −16.44 | — | −6.42 | −3.90 | −4.45 |
| Current ratio | 1.60 | 1.63 | 1.81 | 2.17 | 2.27 | 1.98 | 2.93 | 5.06 | 2.24 | 1.68 |
| Quick ratio | 1.59 | 1.63 | 1.78 | 2.11 | 2.27 | 1.98 | 2.93 | 5.06 | 2.24 | 1.68 |
| Interest coverage | — | — | — | 6.5 | 4.2 | — | -6.9 | 9.7 | 25.8 | 12.8 |
| Working capital | $425.8M | $301.4M | $244.9M | $236.2M | $284.3M | $270.1M | $277.7M | $334.1M | $301.8M | $237.2M |
| Invested capital | −$426.3M | −$170.6M | −$118.7M | −$43.0M | −$112.7M | −$134.0M | $13.6M | $98.0M | −$75.9M | −$231.4M |
| Tangible asset value | $432.8M | $322.0M | $260.7M | $250.3M | $294.2M | $290.4M | $308.1M | $355.4M | $316.6M | $249.5M |
| Net current asset value | $408.2M | $296.9M | $239.9M | $230.1M | $279.3M | $266.0M | $275.2M | $334.1M | $361.2M | $236.0M |
| Graham number | $84.41 | $59.15 | $33.97 | $32.26 | $33.30 | $26.21 | — | $43.31 | $48.27 | $43.48 |
| Graham net-net per share | $23.71 | $15.89 | $14.43 | $13.44 | $14.88 | $13.78 | $15.00 | $18.17 | $17.72 | $13.73 |
| Capital allocation | ||||||||||
| Dividends paid | $24.3M | $18.3M | $14.7M | $14.0M | $15.7M | $47.0M | $15.6M | $15.6M | $15.5M | $15.3M |
| Share buybacks (net) | $9.9M | $1.5M | $12.5M | $68.2M | $20.4M | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 17.6% | 21.4% | 45.4% | 42.2% | 41.0% | 197.3% | — | 30.1% | 21.6% | 21.7% |
| Dividends + buybacks / free cash flow | 8.3% | 12.3% | 23.8% | — | 133.5% | 27.2% | 33.6% | — | — | 6.0% |
| Capex / revenue | 0.4% | 0.8% | 0.5% | 0.7% | 0.3% | 0.4% | 3.0% | 1.8% | 0.5% | 0.4% |
| Capex / operating cash flow | 0.9% | 3.9% | 2.4% | — | 5.0% | 1.0% | 13.2% | — | — | 1.1% |
| Capex / depreciation | 1.69 | 1.16 | 1.15 | 0.91 | 0.34 | 0.37 | 1.52 | 1.94 | 1.27 | 0.88 |
| Stock-based compensation / revenue | 0.8% | 0.5% | 0.8% | 0.9% | 0.7% | 0.7% | 0.9% | 0.3% | 0.5% | 0.3% |
| SG&A / revenue | 6.2% | 6.0% | 7.7% | 9.8% | 9.3% | 10.0% | 18.5% | 8.4% | 4.7% | 4.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 87.6 | 73.9 | 64.9 | 49.0 | 31.3 | 58.6 | 126.1 | 51.0 | 20.1 | 34.1 |
| Days of inventory on hand | 2.7 | 2.6 | 8.1 | 6.3 | 0.7 | — | — | — | 0.0 | 1.4 |
| Days payables outstanding | 49.8 | 34.0 | 35.5 | 48.6 | 42.4 | 49.1 | 55.9 | 64.0 | 49.6 | 51.2 |
| Cash conversion cycle (days) | 40.5 | 42.4 | 37.5 | 6.6 | -10.5 | 9.5 | 70.2 | -13.0 | -29.6 | -15.7 |
| Receivables turnover | 4.17 | 4.94 | 5.62 | 7.45 | 11.68 | 6.23 | 2.90 | 7.16 | 18.19 | 10.69 |
| Payables turnover | 7.33 | 10.72 | 10.28 | 7.51 | 8.61 | 7.44 | 6.53 | 5.71 | 7.35 | 7.12 |
| Inventory turnover | 132.93 | 142.30 | 45.00 | 58.33 | 555.07 | — | — | — | 743,490,000.00 | 259.12 |
| Asset turnover | 0.93 | 1.22 | 1.05 | 0.87 | 0.88 | 0.72 | 0.50 | 0.95 | 1.50 | 1.28 |
| Average receivables | $226.6M | $177.0M | $102.0M | $61.1M | $43.6M | $63.0M | $82.6M | $67.3M | $49.1M | $63.1M |
| Average payables | $102.4M | $68.4M | $47.9M | $49.1M | $47.6M | $44.4M | $37.7M | $70.1M | $101.1M | $74.2M |
| Average inventory | $5.6M | $5.2M | $10.9M | $6.3M | $738,000 | — | — | — | $1 | $2.0M |
| Intangibles / total assets | 2.5% | 3.6% | 5.1% | 6.3% | 5.7% | 5.3% | 6.8% | 8.2% | 7.6% | 6.7% |
Computed from AGX's annual financial statements (latest annual report filed March 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AGX valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Argan traded at 35.7 times earnings, against a 10-year median of 16.7. Based on the latest twelve months, the trailing P/E is 27.3 and the forward P/E is 16.6. Argan earned a return on equity of 33.8% in fiscal 2026. It ended the year with $6.4 million of debt and $895.0 million in cash and short-term investments, a net cash position of $888.6 million. It returned $34.2 million to shareholders: $24.3 million in dividends and $9.9 million in share buybacks, 8% of free cash flow. The share count fell 9.2% from 15.6M to 14.2M over 9 years.
See the AGX income statement, the AGX chart for price history, or the AGX stock overview for the latest quote and news.
AGX key metrics FAQ
What is Argan's P/E ratio?
Argan's trailing P/E ratio is 27.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.6. At the end of fiscal 2026 it was 35.7, compared with a 10-year median of 16.7.
What is Argan's EV/EBITDA?
Argan's enterprise value was 24.8 times EBITDA at the end of fiscal 2026 (enterprise value $4.0 billion, EBITDA $162.8 million); the current EV/EBITDA is 22.1.
What is Argan's return on equity?
Argan's return on equity (ROE) was 33.8% in fiscal 2026: net income of $137.8 million on average shareholders' equity of $407.1 million.
How much debt does Argan have?
Argan had total debt of $6.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Argan's dividend yield?
Argan's forward dividend yield is 0.81%. Argan paid $24.3 million in dividends in fiscal 2026 ($1.71 per share), a payout ratio of 17.6%.
Does Argan buy back its shares?
Yes. Argan spent $9.9 million on net share repurchases in fiscal 2026 Shares outstanding changed +2.0% over the year, to 14.2M..
What is Argan's free cash flow yield?
Argan generated $410.8 million of free cash flow in fiscal 2026, a free cash flow yield of 8.3% on its market value at year-end ($4.9 billion).
What is Argan's current ratio?
Argan's current ratio was 1.60 at the end of fiscal 2026: current assets were 1.60 times current liabilities.