PRIM (Primoris Services) Scaled Net Operating Assets: 0.63 (As of Jun. 2026)

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PRIM Primoris Services Corp PRIM
91 GF Score
Price $83.30
GF Value $80.86
Valuation Fairly Valued
! 3 Warning Signs
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What is Primoris Services Scaled Net Operating Assets?

Primoris Services PRIM +3.00% 91 Scaled Net Operating Assets is 0.63 as of Jun. 2026. GuruFocus rates PRIM with a GF Score™ of 91/100 and a GF Value™ of $80.86 (Fairly Valued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Primoris Services's operating assets for the quarter that ended in Jun. 2026 was $4,421 Mil. Primoris Services's operating liabilities for the quarter that ended in Jun. 2026 was $1,753 Mil. Primoris Services's Total Assets for the quarter that ended in Mar. 2026 was $4,214 Mil. Therefore, Primoris Services's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.63.


Primoris Services Scaled Net Operating Assets Historical Data

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The historical data trend for Primoris Services's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Primoris Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.87 0.66 0.56 0.50

Primoris Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets 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 0.53 0.48 0.45 0.51 0.63

PRIM vs KBR, TPC, LGN: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Primoris Services's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Primoris Services's Scaled Net Operating Assets falls into.


PRIM
91GF Score
Primoris Services Corp PRIM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Primoris Services Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Primoris Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3872.3-1775.9)/4195.9
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4407.8 - 535.5
=3872.3

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2726.8 - 734.6 - 216.3
=1775.9

Primoris Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(4420.6-1753.4)/4213.6
=0.63

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4638.8 - 218.2
=4420.6

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3032.5 - 1066.5 - 212.6
=1753.4

* 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 Scaled Net Operating Assets of 0.63 mean?
Primoris Services (PRIM) has a Scaled Net Operating Assets of 0.63 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Primoris Services and its competitors.
Is Primoris Services' Scaled Net Operating Assets too high?
Primoris Services' current Scaled Net Operating Assets is 0.63. Overall, Primoris Services has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Primoris Services' Scaled Net Operating Assets compare to KBR and TPC?
Primoris Services' Scaled Net Operating Assets of 0.63 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Primoris Services and its competitors. Primoris Services's current Scaled Net Operating Assets is 0.63. 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 $80.86, compared to a current price of $83.30 — trading 3% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. Primoris Services' overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Primoris Services (PRIM), the current Scaled Net Operating Assets is 0.63 as of Jun. 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 overvalued. The current stock price of $83.30 is trading 3% above its estimated GF Value™ of $80.86. GuruFocus considers Primoris Services to be Fairly Valued.

Key valuation signals for PRIM:

  • Scaled Net Operating Assets: 0.63
  • GF Value™: $80.86 vs. price of $83.30 (3% above fair value)
  • GF Score™: 91/100 with 3 warning signs

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.
91GF Score

Get the complete analysis for PRIM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$83.30
Price
$80.86
GF Value