Tutor Perini Corporation (TPC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tutor Perini Corporation stock $32.11, price $89.89, that is 64.3% below the price, quality 68 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $5.04 – $99.01 · fair‑value band $24.08 – $40.13 · the $89.89 price screens above the $32.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
Follow Tutor Perini in your weekly email
Every Wednesday you see whether Tutor Perini is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally.
Show moreShow less
It operates through three segments: Civil, Building, and Specialty Contractors.
The Civil segment engages in public works construction and the replacement and reconstruction of infrastructure; and offers civil contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military and other government facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects.
The Building segment offers various specialized building markets, such as hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional and detention facilities, biotech, pharmaceutical, industrial, and technology.
The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for civil and building construction projects in industrial, commercial, hospitality and gaming, and mass-transit end markets.
It also offers pre-construction planning and project management services comprising planning and scheduling of the manpower, equipment, materials, and subcontractor services; and self-performed construction services consisting of site work, concrete forming and placement, and steel erection.
The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.
Stock analysis
Tutor Perini Corporation (TPC) currently trades at $89.89, while our model-based Fair Value estimate is $32.11, 64% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $63.92 per share, and 0 of the 26 models we run sit above the $89.89 price.
Bear case: the Asset-Based group reads lowest at $12.01, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $24.08 (bear) to $40.13 (bull), the price of $89.89 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Tutor Perini Corporation reported revenue of $5.5B in FY2025 versus $4.6B in FY2021, a compound +4.5%/yr. Reported net income was $80.4M in FY2025, compounding −3.3%/yr from FY2021.
Key figures
Market cap $4.8B Mid · P/E ratio 38.7 · P/S ratio 0.80 · EPS (TTM) $2.32 · Dividend yield 0.2% · Net margin 2.1% · Return on equity 13.7% · Return on assets (EBIT) 0.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −64%, TPC screens richer than that median.
Fair Value models
Bear$24.08Fair Value $32.11Bull$40.13
Price $89.89 · Downside -64.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.84 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $218.9M and none bought.
SaleRonald N TutorDirector2,310,000 shares at $85.59$197.7MAug 31, 2026
SaleDale Anne ReissDirector13,400 shares at $92.04$1.2MAug 27, 2026
SaleSidney J FeltensteinDirector184,209 shares at $97.05$17.9MAug 7, 2026
SaleRobert C LieberDirector2× since May 19, 2026: 27,500 shares, avg. $74.96$2.1MMay 27, 2026
BuyPeter ArkleyDirector2× since Nov 24, 2025: 65,000 shares, avg. $67.52$4.4MMar 6, 2026
BuyGary G. SmalleyCEO and President, Director2× since Nov 19, 2025: 15,000 shares, avg. $69.18$1.0MMar 4, 2026
Plus 14 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+28.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.8%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.1% vs −2.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.0%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.0% a year for the price and +8.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The main strength is the ongoing addition of specialized electrical work for data centers that improves visibility into revenue and earnings, while the main weak point remains the limited evidence of any durable competitive moat.
Main risk: Execution delays and cost pressures on large data-center and infrastructure contracts could directly erode margins and earnings conversion in the project-based construction model.
Tutor Perini keeps adding specialized electrical work for data centers alongside its core civil and building projects. The shift toward higher-margin mega-projects gives clear visibility into revenue and earnings, yet our models still flag the stock as overvalued. Will the improving profitability on these contracts outweigh the risks of execution delays and cost pressures, or will selectivity in bidding prove insufficient?
Compare Tutor Perini Corporation with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 791 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−64.3% · Bottom 25%
Profitability
Return on equity (12 months)13.7% · Above median
Return on assets2.8% · Above median
Net margin (12 months)3.7% · Below median
Operating margin (12 months)7.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.2% · Above median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.32× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)38.7× · Priciest 25%
P/B3.94× · Priciest 25%
P/S (12 months)1.44× · Pricier than median
Price / free cash flow (fiscal year)15.1× · Pricier than median
EV/EBITDA25.0× · Priciest 25%
PEG0.62× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)96· sector 20
PAST (return on equity)55· sector 28
HEALTH (low debt)84· sector 94
DIVIDEND (yield)4· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Tutor Perini Corporation (TPC) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $32.11 versus a price of $89.89, about 64% lower (overvalued).
What is the fair value of TPC?
Our model-based fair value for Tutor Perini Corporation is $32.11 (as of Nov 5, 2026), built from audited fundamentals. The current price: $89.89.
What is the quality score of TPC?
Tutor Perini Corporation has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tutor Perini Corporation (TPC)?
Our model-based price target is the fair value of $32.11 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $24.08, optimistic scenario $40.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Tutor Perini Corporation stock forecast for 2026?
Our models put fair value at $32.11, about 64% lower versus a price of $89.89 (overvalued). Cautious scenario $24.08, optimistic scenario $40.13. The calculation is refreshed regularly with new filings.
What is the revenue of Tutor Perini Corporation (TPC)?
Tutor Perini Corporation reported trailing-twelve-month revenue of about $5.9B (latest available figure, as of Nov 5, 2026).
Does Tutor Perini Corporation pay a dividend?
Tutor Perini Corporation currently shows a dividend yield of 0.20% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Tutor Perini Corporation (TPC) and when is the ex-dividend date?
Tutor Perini Corporation pays a dividend of $0.18 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Aug 19, 2026. The payout ratio is 7.8% of earnings. Free cash flow covers the dividend 59.89 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Tutor Perini Corporation (TPC)?
For today's price to be fair in a discounted-cash-flow model, Tutor Perini Corporation would have to grow free cash flow by -3.8 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of TPC use?
Our models discount Tutor Perini Corporation at 12.2 %: a base by market capitalisation (mid), damped by beta 2.12, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tutor Perini Corporation that is -3.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Tutor Perini Corporation (TPC) delivered so far?
Over the past 5 years revenue at Tutor Perini Corporation grew +0.8 % a year. The price currently implies free-cash-flow growth of -3.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tutor Perini Corporation (TPC) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Tutor Perini Corporation (-3.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tutor Perini Corporation (TPC)?
The free-cash-flow yield on the price is 11.80 %: that much free cash flow Tutor Perini Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tutor Perini Corporation (TPC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tutor Perini Corporation it is $32.11 per share (as of Nov 5, 2026), against a price of $89.89. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tutor Perini Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, TPC trades above its calculated fair value: price $89.89, fair value $32.11, a gap of about −64% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TPC?
No. The price is what the market pays today ($89.89); the fair value is what the company's own numbers justify ($32.11). For Tutor Perini Corporation the two are $57.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tutor Perini Corporation worth?
The market values Tutor Perini Corporation at about $4.8B (market capitalisation, as of Nov 5, 2026). Per share that is $89.89; our models calculate a fair value of $32.11 per share.
What do the bullish and bearish scenarios say about TPC?
Our models span a range for Tutor Perini Corporation: cautious scenario $24.08, base $32.11, optimistic $40.13 per share (as of Nov 5, 2026, price $89.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TPC?
Tutor Perini Corporation trades at a price-to-earnings ratio of 38.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $32.11 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 8.3. Other multiples: PEG 0.6, P/B 3.9, P/S 1.4, EV/EBITDA 25.0.
What is the PEG ratio of TPC?
The PEG ratio of Tutor Perini Corporation is 0.62 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tutor Perini Corporation (TPC)?
Balance-sheet figures for Tutor Perini Corporation (as of Nov 5, 2026): return on equity 13.7%, debt of 0.32 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is TPC from its 52-week high?
Tutor Perini Corporation trades at $89.89, about 9% below its 52-week high of $99.01 and 54% above the low of $58.56 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $32.11 is for.
Which stocks are comparable to Tutor Perini Corporation?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tutor Perini Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price $89.89, calculated fair value $32.11 (−64%), Quality Score 68/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TPC calculated?
We run Tutor Perini Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $32.11 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tutor Perini Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tutor Perini Corporation (TPC)?
The closing price on Nov 6, 2026 was $89.89. Our model-based fair value is $32.11, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tutor Perini Corporation right now?
The price sits above even our optimistic bull case ($40.13). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Tutor Perini Corporation
How large is the market capitalisation of Tutor Perini Corporation (TPC)?
The market capitalisation of Tutor Perini Corporation is $4.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tutor Perini Corporation (TPC)?
The price-to-sales ratio of Tutor Perini Corporation is 0.80 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tutor Perini Corporation (TPC)?
Earnings per share at Tutor Perini Corporation are $2.32 (price ÷ EPS = P/E 38.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tutor Perini Corporation (TPC)?
The dividend yield of Tutor Perini Corporation is 0.2% (payout 7.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tutor Perini Corporation (TPC)?
The net margin of Tutor Perini Corporation is 2.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tutor Perini Corporation (TPC)?
The return on equity (ROE) of Tutor Perini Corporation is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tutor Perini Corporation (TPC)?
On an EBIT basis the return on assets of Tutor Perini Corporation is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tutor Perini Corporation (TPC)?
The operating margin of Tutor Perini Corporation is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tutor Perini Corporation (TPC)?
Revenue at Tutor Perini Corporation is growing +19.2% versus a year earlier (3y avg +13.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tutor Perini Corporation (TPC)?
Earnings per share at Tutor Perini Corporation are growing +225% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tutor Perini Corporation (TPC) hold?
Tutor Perini Corporation holds more cash than debt, $299M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Tutor Perini Corporation in the live analysis
One click puts Tutor Perini Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 5, 2026