P/E ratio for Primoris Services Corporation (PRIM)
P/E ratio as of March 2023 (TTM): 10.6
According to Primoris Services Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.5551. At the end of 2021 the company had a P/E ratio of 11.1.
P/E ratio history for Primoris Services Corporation from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.1 | -13.15% |
| 2020 | 12.7 | -7.32% |
| 2019 | 13.7 | 8.36% |
| 2018 | 12.7 | -34.3% |
| 2017 | 19.3 | -55.98% |
| 2016 | 43.8 | 41.19% |
| 2015 | 31.0 | 62.88% |
| 2014 | 19.0 | |
| 2011 | 13.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 53.2 | 404.39% | 🇺🇸 USA |
 Sterling Construction STRL | 13.3 | 25.98% | 🇺🇸 USA |
 Matrix Service MTRX | -1.31 | -112.40% | 🇺🇸 USA |
 KBR
KBR | 44.1 | 317.94% | 🇺🇸 USA |
 MasTec MTZ | 203 | 1,825.98% | 🇺🇸 USA |
 MYR Group MYRG | 24.6 | 133.25% | 🇺🇸 USA |
 Great Lakes Dredge & Dock Corp. GLDD | 14.9 | 41.00% | 🇺🇸 USA |
 Tutor Perini
TPC | -3.45 | -132.69% | 🇺🇸 USA |
 Fluor Corporation
FLR | 30.1 | 185.20% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.