Is Primoris Services Corp. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Primoris Services Corp. has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 19, a PEG ratio of 0.47, and an EV to EBITDA ratio of 10.22, which suggest that it is trading at a discount relative to its growth potential and earnings capacity.
In comparison to its peers, Primoris Services Corp. has a significantly lower P/E ratio than MasTec, Inc. at 57.22 and APi Group Corp. at 87.46, both of which are considered very expensive. Additionally, its EV to EBITDA ratio is more favorable than that of Sterling Infrastructure, Inc. at 21.61. Notably, despite a recent decline in stock price over the past week and month, Primoris has demonstrated impressive year-to-date returns of 54.50% compared to the S&P 500's 14.49%, reinforcing its strong performance and potential for future growth.