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 perceived value. The company appears to be undervalued based on key metrics, including a P/E ratio of 19, a PEG ratio of 0.47, and an EV to EBITDA ratio of 10.22. In comparison to peers, Primoris 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.
The stock has shown strong performance over the long term, with a 3-year return of 459.72% compared to the S&P 500's 70.17%, reinforcing the attractiveness of its current valuation. Overall, Primoris Services Corp. presents a compelling investment opportunity given its favorable valuation ratios and strong historical returns.