Everus Construction Group, Inc. (ECG) intrinsic value & 10-year financials

Everus Construction Group, Inc. (ECG) has a Graham intrinsic value of $131.20 per share. At $109.65 on Oct 17, 2026, the stock trades 16% below that value. Over the last 5 fiscal years revenue grew 11.6% a year to $3.7B, with an average return on invested capital of 25.8%.

Graham intrinsic value
$131.20
Share price (Oct 17, 2026)
$109.65
Price vs Graham value
16% below
Market cap
$5.6B
Revenue (FY2025)
$3.7B
Revenue growth (5-yr CAGR)
11.6%
ROIC (10-yr avg)
25.8%
Free cash flow (FY2025)
$90.0M

ECG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.7B $201.8M $3.95 $90.0M 7.1% 26.5%
FY2024 $2.8B $143.4M $2.81 $115.1M 6.7% 21.4%
FY2023 $2.9B $137.2M $2.69 $135.7M 6.7% 22.1%
FY2022 $2.7B $124.8M $2.45 -$61.3M 6.1% 33.3%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Everus Construction Group, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Everus Construction Group, Inc. has earned high returns on invested capital, averaging 23.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Everus Construction Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Everus Construction Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $131.20 per share.

ECG stock: frequently asked questions

What is the intrinsic value of Everus Construction Group, Inc. (ECG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ECG's intrinsic value is about $131.20 per share.

Is ECG stock undervalued?

At $109.65 (close on Oct 17, 2026), ECG trades 16% below its Graham value of $131.20. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Everus Construction Group, Inc. generate free cash flow?

Everus Construction Group, Inc. generated $90.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 4 reported years.

What is ECG's return on invested capital?

Average ROIC over the last 5 fiscal years was 25.8%, and average return on equity was 34.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ECG data come from?

From Everus Construction Group, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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