Everus Construction Group, Inc. (ECG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-83.5%

$17.26

vs $104.87 price

Levered DCF

$18.74

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

5.84

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	21.72×	23.4×	18.22×	20×	22.79×
P/B	6.94×	7.93×	5.56×	6.53×	0×
P/S	1.17×	1.18×	0.88×	0.93×	1.22×
EV / EBITDA	14.09×	16.49×	13.1×	14.94×	0×
Gross margin	12.1%	11.9%	11.3%	10.2%	12.1%
Operating margin	7.1%	6.7%	6.7%	6.1%	7.1%
Net margin	5.4%	5.0%	4.8%	4.6%	5.3%
Current ratio	1.76×	1.79×	1.85×	1.66×	0×
Debt / equity	0.59×	0.86×	0.49×	0.8×	0×
Interest coverage	12.34×	13.54×	6.83×	25.91×	41.17×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	32.0%	33.9%	30.6%	32.6%	0.0%
Return on invested capital	18.7%	17.3%	21.1%	17.5%	0.0%
Return on assets	11.7%	11.1%	13.0%	11.0%	0.0%
Free cash flow yield	2.1%	3.4%	5.4%	-2.5%	2.3%
Earnings yield	4.6%	4.3%	5.5%	5.0%	4.4%
Enterprise value	$4.6B	$3.6B	$2.7B	$2.8B	$0
Net debt / EBITDA	0.62×	1.26×	1.06×	1.62×	0×
Cash conversion cycle (days)	80	83	75	84	0