AGX

Argan, Inc.

Industrials · $5.3B market cap

Verdict

Share price

$383.83

close of Oct 3, 2026

Fair value

$225.67

Sticker Price

Payback Price

$90.27

buy price

Overpriced

AGX is Overpriced: at $383.83 it trades 70% above its fair value of $225.67. Its buy price (Payback Price) is $90.27, 76% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.4% a year✗
Equity per share growth10.0% a year✗
Sales growth8.5% a year✗
Free cash flow growth9.4% a year✗
Return on invested capital17.0%✓

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Superinvestors

2 of the investors we track hold AGX. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: Polen Capital Management

Sold out: Lee Ainslie

Insider activity

Since Jun 12, 2026: no open-market purchases, 12 sales worth $87.6M and 15 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Argan, Inc.

Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1. Power Industry Services…

Engineering & Construction

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works