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 to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 19, an EV to EBITDA of 10.22, and a PEG ratio of 0.47, which suggests strong growth potential relative to its price.
In comparison to peers, Primoris Services Corp. has a lower P/E ratio than MasTec, Inc. at 57.22 and APi Group Corp. at 87.46, both of which are considered expensive. Additionally, its EV to EBITDA ratio of 10.22 is more favorable than Dycom Industries, Inc. at 13.76, which is also rated fair. Notably, the company has significantly outperformed the S&P 500, with a year-to-date return of 85.24% compared to the S&P 500's 16.30%, reinforcing the attractiveness of its current valuation.