Construction Partners is expensive against its earnings, at 36x trailing and 24x next year's versus the 19x engineering and construction firms usually get. Fair value is $64.96-82.67, or 19x next year's $3.88 EPS give or take 12%, leaving the stock 13% above the top of that range. The view leans on a forecast 49% above trailing earnings and rests on valuation levels only, without fundamental work. x.com