Primoris Services Corporation

NYSE:PRIM Stock Report

Market Cap: US$4.5b

Primoris Services Valuation

Is PRIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRIM ($82.99) is trading above our estimate of fair value ($67.91)

Significantly Below Fair Value: PRIM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRIM?

Key metric: As PRIM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PRIM. This is calculated by dividing PRIM's market cap by their current earnings.
What is PRIM's PE Ratio?
PE Ratio27.1x
EarningsUS$164.58m
Market CapUS$4.46b

Price to Earnings Ratio vs Peers

How does PRIM's PE Ratio compare to its peers?

The above table shows the PE ratio for PRIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.6x
ROAD Construction Partners
76.4x31.3%US$5.3b
IESC IES Holdings
27.5xn/aUS$5.6b
DY Dycom Industries
23.5x18.6%US$5.3b
GVA Granite Construction
39.2x41.7%US$4.3b
PRIM Primoris Services
27.1x16.6%US$4.5b

Price-To-Earnings vs Peers: PRIM is good value based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (41.6x).

Price to Earnings Ratio vs Industry

How does PRIM's PE Ratio compare vs other companies in the US Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WLMS.Q Williams Industrial Services Group
n/an/aUS$26.00
No more companies available in this PE range
PRIM 27.1xIndustry Avg. 36.8xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PRIM is good value based on its Price-To-Earnings Ratio (27.1x) compared to the US Construction industry average (36.8x).

Price to Earnings Ratio vs Fair Ratio

What is PRIM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRIM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio23.6x

Price-To-Earnings vs Fair Ratio: PRIM is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PRIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$82.99
US$85.00
+2.4%
10.0%US$100.00US$77.00n/a6
Nov ’25US$63.59
US$61.67
-3.0%
11.6%US$71.00US$51.00n/a6
Oct ’25US$57.06
US$59.80
+4.8%
10.6%US$69.00US$51.00n/a5
Sep ’25US$56.44
US$59.80
+6.0%
10.6%US$69.00US$51.00n/a5
Aug ’25US$53.63
US$59.00
+10.0%
10.9%US$67.00US$49.00n/a5
Jul ’25US$47.60
US$57.40
+20.6%
10.4%US$67.00US$49.00n/a5
Jun ’25US$54.76
US$57.40
+4.8%
10.4%US$67.00US$49.00n/a5
May ’25US$45.76
US$54.40
+18.9%
11.8%US$63.00US$43.00n/a5
Apr ’25US$42.74
US$44.20
+3.4%
7.5%US$47.00US$38.00n/a5
Mar ’25US$39.64
US$44.20
+11.5%
7.5%US$47.00US$38.00n/a5
Feb ’25US$33.79
US$38.80
+14.8%
7.5%US$42.00US$34.00n/a5
Jan ’25US$33.21
US$38.80
+16.8%
7.5%US$42.00US$34.00n/a5
Dec ’24US$31.21
US$38.80
+24.3%
7.5%US$42.00US$34.00n/a5
Nov ’24US$30.22
US$38.00
+25.7%
10.0%US$41.00US$31.00US$63.595
Oct ’24US$32.73
US$38.00
+16.1%
10.0%US$41.00US$31.00US$57.065
Sep ’24US$35.86
US$38.00
+6.0%
10.0%US$41.00US$31.00US$56.445
Aug ’24US$32.46
US$33.00
+1.7%
5.4%US$35.00US$30.00US$53.635
Jul ’24US$30.47
US$32.40
+6.3%
8.9%US$35.00US$27.00US$47.605
Jun ’24US$26.98
US$32.40
+20.1%
8.9%US$35.00US$27.00US$54.765
May ’24US$25.26
US$31.67
+25.4%
9.8%US$35.00US$27.00US$45.766
Apr ’24US$24.66
US$30.92
+25.4%
14.2%US$35.00US$22.50US$42.746
Mar ’24US$27.32
US$28.50
+4.3%
16.3%US$35.00US$20.00US$39.646
Feb ’24US$26.48
US$27.33
+3.2%
13.3%US$32.00US$20.00US$33.796
Jan ’24US$21.94
US$27.33
+24.6%
13.3%US$32.00US$20.00US$33.216
Dec ’23US$21.74
US$27.33
+25.7%
13.3%US$32.00US$20.00US$31.216
Nov ’23US$20.58
US$27.33
+32.8%
16.3%US$32.00US$18.00US$30.226

Analyst Forecast: Target price is less than 20% higher than the current share price.

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