EN DE

Primoris Services Corporation (PRIM) Fair Value & Analysis

Industrials · US · Market cap $4.8B

PS Primoris Services Corporation logo Primoris Services Corporation PRIM · US
Price$82.63
Fair Value$106.40
Upside+28.8%
Quality64/100
Watch Primoris Services Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 3.3% net margin
Low debt · generates free cash flow
0.35% dividend yield
Mixed vs. peers (6/15)
Narrow moat 42/100
Evidence: High Range $76.54 – $133.00 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price −7.7% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $76.54 (bear) to $133.00 (bull), base $106.40. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$202.75 $15.92 Fair Value $106.40 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $15.92 – $202.75 · fair‑value band $76.54 – $133.00 · the $82.63 price screens below the $106.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Primoris Services Corporation (PRIM) currently trades at $82.63, while our model-based Fair Value estimate is $106.40, implying the stock looks roughly 28.8% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Primoris Services Corporation generated revenue of $7.5B at a net margin of 3.3%. Revenue declined 5.4% year over year. It earns a return on equity of 15.9%. Net debt stands at $735M. Fundamentals as of Jul 18, 2026

Our scenario range runs from $76.54 (bear case) to $133.00 (bull case); at $82.63, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 60% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 29%, PRIM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $82.50 $146.92 $255.69 80
Residual Income $32.40 $44.58 $158.40 76
Rev-Margin DCF $76.03 $134.82 $214.77 74
All 26 models by family
DCF Models
FCF DCF $84.33 $156.13 $291.37 38
Owner Earnings $59.42 $111.12 $203.46 31
5Y Revenue Exit $76.03 $136.92 $222.04 39
5Y EBITDA Exit $86.56 $159.67 $254.60 41
5Y P/E Exit $79.49 $144.39 $221.36 38
10Y Revenue Exit $75.70 $134.98 $231.24 36
10Y EBITDA Exit $85.07 $151.73 $259.16 37
10Y P/E Exit $80.39 $140.48 $230.66 35
Earnings-Based
Graham-Dodd $34.45 $186.77 $258.94 54
Lynch FV $51.78 $73.98 $96.17 50
PEG = 1.0 $51.78 $73.98 $96.17 46
EPV $53.51 $61.57 $68.53 59
Dividend Discount
Gordon GGM $2.80 $5.58 $8.45 70
DDM Multi-Stage $2.80 $4.82 $5.89 61
Multiples
P/E Multiple $79.80 $106.40 $133.00 63
P/S Multiple $64.60 $86.14 $107.67 58
P/B Multiple $64.60 $86.14 $107.67 55
EV/EBIT $99.71 $132.13 $164.55 53
EV/EBITDA $93.33 $123.63 $153.93 54
EV/Revenue $71.86 $101.61 $131.37 43
Asset-Based
NCAV (Graham) $15.49 $20.76 $30.98 50
Growth DCF
Growth DCF $82.50 $146.92 $255.69 80
Rev-Margin DCF $76.03 $134.82 $214.77 74
Economic Profit
Residual Income $32.40 $44.58 $158.40 76
ROIC Compounder $61.55 $83.13 $111.58 72
Growth Earnings
Growth-Adj P/E $75.78 $108.25 $140.73 68

Widest divergence: DCF Models ($140.48) versus Dividend Discount ($4.82). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $7.5B
Revenue growth (YoY) -5.4%
Net margin 3.3%
Return on equity 15.9%
Free cash flow $341M FY2025
P/E ratio 20.0
More key figures
Operating margin 1.9%
EPS (TTM) $4.40
Dividend yield 0.4%
EPS growth (YoY) -60.5%
Net debt $735M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 13

Profitability 53
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems.

Full company description

Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The company also provides replacement services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Primoris Services Corporation reported revenue of $7.6B in FY2025 versus $3.5B in FY2021, a compound +21.3%/yr. Reported net income was $275M in FY2025, compounding +24.1%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$7.6B
Latest YoY
+19.0%
Avg. growth/yr (3Y)
+19.7%
Avg. growth/yr (5Y)
+16.8%
Avg. growth/yr (18Y)
+15.7%
Revenue +21.3%/yr
FY21 $3.5B
FY22 $4.4B
FY23 $5.7B
FY24 $6.4B
FY25 $7.6B
Net income +24.1%/yr
FY21 $116M
FY22 $133M
FY23 $126M
FY24 $181M
FY25 $275M

Watch PRIM: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

Cite: Fair Value Calculator (2026). "Primoris Services Corporation Fair Value". https://www.fairvalue-calculator.com/stock/PRIM

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 837 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside +29% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 2.84× · Pricier than 75% of peers
P/S (TTM) 0.64× · Pricier than median
P/FCF 14.0× · Pricier than 75% of peers
EV/EBITDA 10.0× · Pricier than median
PEG 1.22× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 72 · sector 16
FUTURE 0 · sector 18
PAST 63 · sector 26
HEALTH 88 · sector 94
DIVIDEND 7 · sector 33

Insider activity: 66/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Primoris Services Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Primoris Services Corporation (PRIM) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $106.40 versus a price of $82.63, about +29% (undervalued).
What is the fair value of PRIM?
Our model-based fair value for Primoris Services Corporation is $106.40 (as of Jul 18, 2026), built from audited fundamentals. The current price is $82.63.
What is the quality score of PRIM?
Primoris Services Corporation has a Quality Score of 64/100. 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 revenue of Primoris Services Corporation (PRIM)?
Primoris Services Corporation reported trailing-twelve-month revenue of about $7.5B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PRIM?
The net profit margin of Primoris Services Corporation is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Primoris Services Corporation pay a dividend?
Primoris Services Corporation currently shows a dividend yield of about 0.25% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Primoris Services Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.