The company's shift from loss to profit is likely driving its share price growth. The CEO's below-median remuneration at similar sized firms may also be a factor. The improved one-year total shareholder return could indicate business momentum.
Despite Granite Construction's recent earnings drop, investors are keeping high P/E ratio due to the firm's higher-than-market projected growth. The high ratio is buoyed by optimism for a prosperous future for the company.
Some suggest Granite Construction's stock is undervalued despite recent surge, linking it to future growth prospects, optimistic outlook, and predicted cash flow boosts.
CEO's pay is below the median of similar-sized firms. Despite a 2% yearly loss over the past five years, the company might have reversed its luck. Notably, the market returns cited are based on the average returns of stocks on US exchanges.