P/E ratio for Primoris Services Corporation (PRIM)
P/E ratio as of May 2024 (TTM): 21.6
According to Primoris Services Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.5556. At the end of 2022 the company had a P/E ratio of 8.78.
P/E ratio history for Primoris Services Corporation from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.78 | -20.58% |
| 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 | -18% |
| 2013 | 23.2 | 71.45% |
| 2012 | 13.5 | 4.37% |
| 2011 | 13.0 | 7.51% |
| 2010 | 12.1 | 21.21% |
| 2009 | 9.96 | -604.76% |
| 2008 | -1.97 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 54.7 | 153.92% | 🇺🇸 USA |
 Sterling Construction STRL | 32.9 | 52.69% | 🇺🇸 USA |
 Matrix Service MTRX | -5.70 | -126.42% | 🇺🇸 USA |
 KBR
KBR | -45.6 | -311.63% | 🇺🇸 USA |
 MasTec MTZ | -169 | -883.87% | 🇺🇸 USA |
 MYR Group MYRG | 27.7 | 28.29% | 🇺🇸 USA |
 Great Lakes Dredge & Dock Corp. GLDD | -15.0 | -169.59% | 🇺🇸 USA |
 Tutor Perini
TPC | -4.78 | -122.18% | 🇺🇸 USA |
 Fluor Corporation
FLR | -101 | -567.09% | 🇺🇸 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.