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 that the stock is reasonably priced relative to its growth potential.
In comparison to peers, Primoris Services Corp. has a lower P/E ratio than Sterling Infrastructure, Inc. at 28.27 and Dycom Industries, Inc. at 28.01, indicating a more attractive valuation. Additionally, the company's EV to EBITDA is competitive against Dycom's 13.76. Despite recent short-term underperformance, with a 1-week return of -9.71% compared to the S&P 500's 0.71%, the year-to-date return of 67.57% significantly outpaces the S&P 500's 16.30%, reinforcing the notion that the stock is positioned well for long-term growth.