Is Primoris Services Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Primoris Services Corp. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 19, a Price to Book Value of 2.84, and an EV to EBITDA of 10.22. In comparison to peers, APi Group Corp. has a significantly higher P/E of 87.46, while Dycom Industries, Inc. shows a fair valuation with a P/E of 28.01.
In terms of performance, Primoris Services Corp. has demonstrated impressive returns, with a year-to-date return of 85.24% compared to the S&P 500's 16.30%, and a three-year return of 600.94% versus the S&P 500's 76.66%. This strong performance reinforces the view that the company is fairly valued in the current market context.