Argan Valuation Multiples

Argan Overview

About Argan

Argan Inc is a United States-based construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC, and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derives the majority of revenue.

Founded

1961

HQ

Employees

1.6K

Website

arganinc.com

Sectors

Construction & Engineering

Financials (LTM)

Revenue: $1B

EBITDA: $159M

EV

$7B

Valuation Multiples

Multiples.vc

Start free trial

Argan Financials

Argan reported last 12-month revenue of $1B and EBITDA of $159M.

In the same LTM period, Argan generated $199M in gross profit, $159M in EBITDA, and $142M in net income.

Argan P&L

In the most recent fiscal year, Argan reported revenue of $945M and EBITDA of $150M.

Argan expects next 12-month revenue of XXX and NTM EBITDA of XXX

Argan Stock Performance

Argan has current market cap of $8B, and enterprise value of $7B.

Argan's stock price is $597.88.

Argan Valuation Multiples

Argan trades at 7.4x EV/Revenue multiple, and 46.8x EV/EBITDA.

Argan Financial Valuation Multiples

As of April 20, 2026, Argan has market cap of $8B and EV of $7B.

Equity research analysts estimate Argan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Argan has a P/E ratio of 58.8x.

Argan Margins & Growth Rates

Argan's revenue in the last 12 month grew by 29%.

Argan's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.0M for the same period.

Argan's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Argan's rule of X is 92% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Argan Public Comps

See public comps and valuation multiples for other Construction & Engineering comps.

Argan M&A Activity

Argan acquired XXX companies to date.

Last acquisition by Argan was on XXXXXXXX, XXXXX. Argan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Argan Investment Activity

Argan invested in XXX companies to date.

Argan made its latest investment on XXXXXXXX, XXXXX. Argan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).