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Centuri Holdings, Inc. (CTRI) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Centuri Holdings, Inc. stock $3.93, price $20.37, that is 80.7% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities US

CH Centuri Holdings, Inc. logo Some data Nov 6, 2026

Centuri Holdings, Inc.

CTRI · US
Very expensive, weak quality

Our calculation puts a fair price 81% below what the stock costs today.

Revenue last quarter +33% vs. a year ago.
Expensive Growth (revenue 5y +8.2 %/yr in USD)
Thin margins · 0.9% net margin (TTM)
Moderate debt
Insiders bought $100,204 (6M)
Some data
Fair value $3.93 · Strongly overvalued (−80.7%)
Quality 35/100
Negative free cash flow
Trails peers (3/13)
Narrow moat 24/100
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$41.80 $14.92 Fair Value $3.93 Apr 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

31‑month range $14.92 – $41.80 · fair‑value band $2.49 – $6.35 · the $20.37 price screens above the $3.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Centuri Holdings, Inc. operates as a utility infrastructure services company in North America. It operates through four segments: U.S. Gas Utility Services; Canadian Operations; Union Electric Utility Services; and Non-Union Electric Utility Services.

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The company offers gas utility services, including maintenance, replacement, repair, and installation for local natural gas distribution utilities focused on the modernization of customers' infrastructure.

It also provides electric utility services encompassing maintenance, replacement, repair, upgrade, and expansion services for urban transmission and local distribution infrastructure, as well as corporate and non-allocated transactions.

The company customers include electric, gas, and combination utility providers, as well as serves end markets, such as distributed power projects, and data centers. The company was founded in 1909 and is headquartered in Phoenix, Arizona.

Centuri Holdings, Inc. is a subsidiary of Southwest Gas Holdings, Inc.

Stock analysis

Centuri Holdings, Inc. (CTRI) currently trades at $20.37, while our model-based Fair Value estimate is $3.93, 81% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $8.00 per share, and 1 of the 15 models we run sit above the $20.37 price.

Bear case: the Asset-Based group reads lowest at $0.8900, and 14 of the 15 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $2.49 (bear) to $6.35 (bull), the price of $20.37 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 35/100 (below-average quality), in the Utilities sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Centuri Holdings, Inc. reported revenue of $2.9B in FY2025 versus $2.2B in FY2021, a compound +7.5%/yr. Reported net income was $22.4M in FY2025, compounding −13.8%/yr from FY2021.

Key figures

Market cap $2.1B Mid · P/E ratio 61.7 · P/S ratio 0.61 · EPS (TTM) $0.3300 · Net margin 0.9% · Return on equity 4.0% · Return on assets (EBIT) 0.8% (5-year average) · Operating margin 2.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −21% fair-value upside, at −81%, CTRI screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.8900 to $30.78). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $2.49 Fair Value $3.93 Bull $6.35
Price $20.37 · Downside -80.7%
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 ($0.2821 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.
Best data coverage
Residual Income $5.34 $5.43 $5.80 76
Owner Earnings $1.35 $4.62 $9.03 71
EPV $0.8200 $1.72 $2.46 70
All 15 models by family
DCF Models
Owner Earnings $1.35 $4.62 $9.03 71
Earnings-Based
Graham-Dodd $1.51 $4.90 $6.54 64
Lynch FV $1.09 $1.56 $2.03 61
PEG = 1.0 $1.09 $1.56 $2.03 57
EPV $0.8200 $1.72 $2.46 70
Multiples
P/E Multiple $3.49 $4.66 $5.82 63
P/S Multiple $2.83 $3.77 $4.71 58
P/B Multiple $4.48 $5.97 $7.47 55
EV/EBIT $9.79 $13.70 $17.61 66
EV/EBITDA $22.60 $30.78 $38.96 67
EV/Revenue $6.44 $10.02 $13.61 53
Asset-Based
NCAV (Graham) $0.6600 $0.8900 $1.33 54
Economic Profit
Residual Income $5.34 $5.43 $5.80 76
ROIC Compounder $0.8200 $1.72 $2.46 69
Growth Earnings
Growth-Adj P/E $2.93 $4.19 $5.44 67

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 35/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 34
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 34
Do the profits arrive as real cash?
Financial strength 38
Debt, balance sheet and risk of trouble
Investment 65
Does it invest with discipline instead of growing at any price?
Low Volatility 39
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 17
Distance to the 52-week high, does not count
New shares 17
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director bought shares worth $100,204, on Sep 18, 2026.

  • BuyDustin DeMariaDirector5,200 shares at $19.27$100,204Sep 18, 2026
  • SaleChristian BrownChief Executive Officer, Director7,108 shares at $24.51$174,217Dec 4, 2025
  • BuyCarl C Icahn10% owner3,488,372 shares at $21.50$75.0MNov 14, 2025

Plus 11 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.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.4%
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.
+1.5%
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.
+8.2%
Start year 2020 (pandemic)
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.
−29.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.5%
Dividend (yield on the price)0.0%
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.6% → 3%

CTRI screens overvalued: fair value 81% below the price. Compare with Naturgy Energy Group →

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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.Utilities - Regulated Gas · 107 stocks

Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside −80.7% · Bottom 25%
Profitability
Return on equity (12 months) 4.0% · Bottom 25%
Return on assets 0.9% · Bottom 25%
Net margin (12 months) 0.9% · Bottom 25%
Operating margin (12 months) 2.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 32.9% · Top 25%
Balance sheet
Debt / equity 0.81× · Above median

Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper

P/E (12 months) 61.7× · Priciest 25%
P/B 2.37× · Priciest 25%
P/S (12 months) 0.61× · Cheaper than median
EV/EBITDA 10.9× · Pricier than median
PEG 0.54× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 31
FUTURE (revenue growth)100 · sector 19
PAST (return on equity)16 · sector 34
HEALTH (low debt)59 · sector 82
DIVIDEND (yield)0 · sector 69

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
ENN Natural Gas Co 600803 ¥21.31 ¥24.00 +13% vs CTRI
Italgas S.p.A IG €9.12 €10.07 +10% vs CTRI
Uniper SE UN0 €44.00 €45.97 +4% vs CTRI
Naturgy Energy Group NTGY €29.54 €30.62 +4% vs CTRI
UGI Corporation UGI $37.04 $29.40 −21% vs CTRI
The Hong Kong and China Gas Company 0003 HK$7.40 HK$4.93 −33% vs CTRI
GAIL (India) Limited GAIL ₹185.79 ₹116.94 −37% vs CTRI
Snam S.p.A SRG €6.20 €3.65 −41% vs CTRI
NiSource Inc NI $44.15 $19.87 −55% vs CTRI
Atmos Energy Corporation ATO $173.22 $77.35 −55% vs CTRI

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Centuri Holdings, Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Centuri Holdings, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/CTRI

Frequently asked questions

Is Centuri Holdings, Inc. (CTRI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $3.93 versus a price of $20.37, about 81% lower (overvalued).
What is the fair value of CTRI?
Our model-based fair value for Centuri Holdings, Inc. is $3.93 (as of Nov 6, 2026), built from audited fundamentals. The current price: $20.37.
What is the quality score of CTRI?
Centuri Holdings, Inc. has a Quality Score of 35/100. 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 Centuri Holdings, Inc. (CTRI)?
Our model-based price target is the fair value of $3.93 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario $2.49, optimistic scenario $6.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Centuri Holdings, Inc. stock forecast for 2026?
Our models put fair value at $3.93, about 81% lower versus a price of $20.37 (overvalued). Cautious scenario $2.49, optimistic scenario $6.35. The calculation is refreshed regularly with new filings.
What is the revenue of Centuri Holdings, Inc. (CTRI)?
Centuri Holdings, Inc. reported trailing-twelve-month revenue of about $3.4B (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Centuri Holdings, Inc. (CTRI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Centuri Holdings, Inc. it is $3.93 per share (as of Nov 6, 2026), against a price of $20.37. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Centuri Holdings, Inc. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CTRI trades above its calculated fair value: price $20.37, fair value $3.93, a gap of about −81% (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 CTRI?
No. The price is what the market pays today ($20.37); the fair value is what the company's own numbers justify ($3.93). For Centuri Holdings, Inc. the two are $16.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Centuri Holdings, Inc. worth?
The market values Centuri Holdings, Inc. at about $2.1B (market capitalisation, as of Nov 6, 2026). Per share that is $20.37; our models calculate a fair value of $3.93 per share.
What do the bullish and bearish scenarios say about CTRI?
Our models span a range for Centuri Holdings, Inc.: cautious scenario $2.49, base $3.93, optimistic $6.35 per share (as of Nov 6, 2026, price $20.37). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CTRI?
Centuri Holdings, Inc. trades at a price-to-earnings ratio of 61.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.93 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 119.8 (reported for FY2025: 81.5). Other multiples: PEG 0.5, P/B 2.4, P/S 0.6, EV/EBITDA 10.9.
What is the PEG ratio of CTRI?
The PEG ratio of Centuri Holdings, Inc. is 0.54 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Centuri Holdings, Inc. (CTRI)?
Balance-sheet figures for Centuri Holdings, Inc. (as of Nov 6, 2026): return on equity 4.0%, debt of 0.81 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is CTRI from its 52-week high?
Centuri Holdings, Inc. trades at $20.37, about 51% below its 52-week high of $41.80 and 9% above the low of $18.65 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $3.93 is for.
Which stocks are comparable to Centuri Holdings, Inc.?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, Snam S.p.A, NiSource 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 Centuri Holdings, Inc. stock attractive at the current price?
The data as of Nov 6, 2026: price $20.37, calculated fair value $3.93 (−81%), Quality Score 35/100, from 15 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 CTRI calculated?
We run Centuri Holdings, Inc. through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $3.93 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 13.0% above its aggregate fair value. Centuri Holdings, Inc. 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 Centuri Holdings, Inc. (CTRI)?
The closing price on Nov 6, 2026 was $20.37. Our model-based fair value is $3.93, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Centuri Holdings, Inc. right now?
The price sits above even our optimistic bull case ($6.35). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($2.49 to $6.35) leaves room in how you read the outcome.

Key figures of Centuri Holdings, Inc.

How large is the market capitalisation of Centuri Holdings, Inc. (CTRI)?
The market capitalisation of Centuri Holdings, Inc. is $2.1B. 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 Centuri Holdings, Inc. (CTRI)?
The price-to-sales ratio of Centuri Holdings, Inc. is 0.61 (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 Centuri Holdings, Inc. (CTRI)?
Earnings per share at Centuri Holdings, Inc. are $0.3300 (price ÷ EPS = P/E 61.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Centuri Holdings, Inc. (CTRI)?
The net margin of Centuri Holdings, Inc. is 0.9% (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 Centuri Holdings, Inc. (CTRI)?
The return on equity (ROE) of Centuri Holdings, Inc. is 4.0% (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 Centuri Holdings, Inc. (CTRI)?
On an EBIT basis the return on assets of Centuri Holdings, Inc. is 0.8% (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 Centuri Holdings, Inc. (CTRI)?
The operating margin of Centuri Holdings, Inc. is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Centuri Holdings, Inc. (CTRI)?
Revenue at Centuri Holdings, Inc. is growing +32.9% versus a year earlier (3y avg +1.5%). 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 Centuri Holdings, Inc. (CTRI)?
Earnings per share at Centuri Holdings, Inc. are growing −33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Centuri Holdings, Inc. (CTRI) generate?
The free cash flow of Centuri Holdings, Inc. is −$8.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Centuri Holdings, Inc. (CTRI) carry?
The net debt of Centuri Holdings, Inc. is $195M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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