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Ray DalioReduced
Bridgewater Associates · Q2 2026
$8.03M
10.05K shares · 0.0% of portfolio
Argan Inc
Argan Inc (AGX) is listed on NYSE and classified in Engineering & Construction, part of the Industrials sector. It is headquartered in Arlington, United States and has 1,409 employees. The company is worth $4.63B and trades at 26.1x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $944.61M in fiscal 2026, up 8.1% from the year before. Net income was $137.77M. The share price is 59.0% below its 52-week high of $805.75. It pays a dividend yielding 0.85%. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $517.76M. In that quarter, 3 of them opened or added to the position and 5 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +779.3% over 5Y.
today you would have $9,106.75▲ +810.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $345.56 | $313.32 | $137.04 | $46.79 | $36.88 | $38.69 | $44.49 | $40.14 | $37.84 | $45.00 | $70.55 | $32.40 | $33.64 | $27.56 | $18.00 | $15.21 | |
| P/E | 20.1x | 35.5x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.8% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 20.1 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MRCYMercury Systems Inc | $75.56 | — | 3.0x | 0.00% | -2.00% | $4.6B |
| JOBYJoby Aviation, Inc. | $4.70 | — | 2.6x | 0.00% | -65.90% | $4.68B |
| KRMNKarman Holdings Inc. | $34.58 | 123.5x | 10.9x | 0.00% | 9.50% | $4.58B |
| BCOBrinks Co | $111.22 |
| 50.9x |
| 57.3x |
| 20.1x |
| 15.4x |
| 25.6x |
| — |
| 12.1x |
| 8.3x |
| 10.0x |
| 29.2x |
| 15.8x |
| 12.1x |
| 16.7x |
| 26.9x |
| 26.7x |
| P/S | 1.5x | 5.1x | 4.9x | 3.2x | 1.4x | 1.1x | 1.6x | 2.9x | 1.3x | 0.7x | 1.0x | — | — | — | — | — | — |
| P/B | 2.4x | 10.4x | 12.1x | 6.2x | 2.2x | 1.7x | 1.9x | 2.1x | 1.6x | 1.6x | 2.4x | 4.8x | 2.6x | 3.1x | 3.2x | 2.4x | 2.1x |
| EPS | $9.74 | $6.15 | $2.39 | $2.33 | $2.40 | $1.51 | -$2.73 | $3.32 | $4.56 | $4.50 | $2.42 | $2.05 | $2.78 | $1.65 | $0.67 | $0.57 |
| Dividend yield | 2.19% | 0.43% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 2.22% | 1.42% | 2.16% | 2.08% | 2.72% | 3.33% | 3.29% |
| Payout | 41.32% | 15.40% | 26.42% | 53.35% | 45.06% | 41.67% | 49.67% | — | 30.12% | 16.45% | 22.22% | 41.32% | 34.15% | 25.18% | 45.45% | 89.55% | 87.72% |
| Profit margin | 7.79% | 14.59% | 9.78% | 5.64% | 7.27% | 7.51% | 6.08% | -17.86% | 10.79% | 8.07% | 10.42% | — | — | — | — | — | — |
| ROE | 14.80% | 29.80% | 24.29% | 11.12% | 11.78% | 11.72% | 7.44% | -12.58% | 13.19% | 20.11% | 24.12% | 16.63% | 16.41% | 25.67% | 19.24% | 9.16% | 7.96% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+44.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 25.2x |
| 14.8x |
| 0.92% |
| 46.24% |
| $4.58B |
| MDAMDA Space Ltd. | $28.22 | 49.5x | 2.9x | 0.00% | 6.67% | $4.58B |
| OMABCentral North Airport Group | $98.38 | 15.8x | 9.8x | 5.87% | 60.54% | $4.75B |
