PRIM (Primoris Services) Intrinsic Value: Projected FCF: $55.18 (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PRIM Primoris Services Corp PRIM
93 GF Score
Price $78.18
GF Value $81.95
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Primoris Services Intrinsic Value: Projected FCF?

Primoris Services PRIM +4.52% 93 Intrinsic Value: Projected FCF is $55.18 as of Aug. 26, 2026. GuruFocus rates PRIM with a GF Score™ of 93/100 and a GF Value™ of $81.95 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,216 Construction companies, Primoris Services ranks worse than 64.14% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-26), Primoris Services's Intrinsic Value: Projected FCF is $55.18. The stock price of Primoris Services is $78.18. Therefore, Primoris Services's Price-to-Intrinsic-Value-Projected-FCF of today is 1.4.

The historical rank and industry rank for Primoris Services's Intrinsic Value: Projected FCF or its related term are showing as below:

PRIM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.66   Med: 1.41   Max: 3
Current: 1.42

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Primoris Services was 3.00. The lowest was 0.66. And the median was 1.41.

PRIM's Price-to-Projected-FCF is ranked worse than
64.14% of 1216 companies
in the Construction industry
Industry Median: 0.95 vs PRIM: 1.42

Primoris Services  (NYSE:PRIM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Primoris Services's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=78.18/55.175720373167
=1.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Primoris Services Intrinsic Value: Projected FCF Related Terms


Primoris Services Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Primoris Services's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Primoris Services Intrinsic Value: Projected FCF Chart

Primoris Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.28 30.65 32.45 55.17 74.06

Primoris Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.95 69.66 74.06 61.50 55.18

PRIM vs KBR, TPC, LGN: Intrinsic Value: Projected FCF Comparison

For the Engineering & Construction subindustry, Primoris Services's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Primoris Services Price-to-Projected-FCF vs Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Primoris Services's Price-to-Projected-FCF falls into.


PRIM
93GF Score
Primoris Services Corp PRIM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primoris Services Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Primoris Services's Free Cash Flow(6 year avg) = $133.47.

Primoris Services's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(12.695422498353*133.46928+1606.3*0.8)/54.000
=55.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $55.18 mean?
Primoris Services (PRIM) has a Intrinsic Value: Projected FCF of $55.18 as of Aug. 26, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Primoris Services and its competitors. According to the industry distribution chart, Primoris Services ranks #780 out of 1216 companies in the Construction industry, placing it in the top 64.1%.
Is Primoris Services' Intrinsic Value: Projected FCF too high?
Primoris Services' current Intrinsic Value: Projected FCF is $55.18. The Construction industry median Intrinsic Value: Projected FCF is 0.95. Primoris Services' value of $55.18 is 5708.4% above this industry median. Based on the distribution chart, Primoris Services ranks #780 out of 1216 companies in the Construction industry, which is below the industry midpoint. Overall, Primoris Services has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Primoris Services' Intrinsic Value: Projected FCF compare to KBR and TPC?
According to the Construction industry distribution chart, Primoris Services ranks #780 out of 1216 companies for Intrinsic Value: Projected FCF. This places Primoris Services in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.95. Primoris Services' value of $55.18 is 5708.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Construction company?
The median Intrinsic Value: Projected FCF among Construction companies is 0.95, based on 1,216 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primoris Services's current Intrinsic Value: Projected FCF of $55.18 is 5708.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Primoris Services and its competitors. For the Construction industry, the median Intrinsic Value: Projected FCF is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primoris Services's current Intrinsic Value: Projected FCF is $55.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primoris Services stock overvalued right now?
Based on GuruFocus' analysis, Primoris Services (PRIM) is currently considered Fairly Valued. The stock's GF Value™ is $81.95, compared to a current price of $78.18 — trading 4.6% below its estimated fair value. The current Intrinsic Value: Projected FCF is $55.18 and 5708.4% above the Construction industry median of 0.95. Primoris Services' overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Primoris Services (PRIM), the current Intrinsic Value: Projected FCF is $55.18 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Primoris Services (PRIM) Overvalued in 2026?

Based on GuruFocus' analysis, Primoris Services stock appears to be undervalued. The current stock price of $78.18 is trading 4.6% below its estimated GF Value™ of $81.95. GuruFocus considers Primoris Services to be Fairly Valued.

Key valuation signals for PRIM:

  • Intrinsic Value: Projected FCF: $55.18
  • GF Value™: $81.95 vs. price of $78.18 (4.6% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 5708.4% above the Construction median (#780 of 1216)

No single metric tells the full story. See the PRIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Primoris Services Business Description

Other Exchanges 1PM:Germany
Address 2300 North Field Street, Suite 1900, Dallas, TX, USA, 75201
Primoris Services Corp is a provider of critical infrastructure services operating mainly in the United States and Canada. The company provides a range of construction, maintenance, replacement, and engineering services. The Utilities segment operates throughout the United States and specializes in a range of services, including the construction and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services to various industries. The majority of the company's revenue is derived from the Energy segment.
93GF Score

Get the complete analysis for PRIM

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$78.18
Price
$81.95
GF Value