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PRIM (Primoris Services) Cyclically Adjusted PB Ratio : 4.72 (As of Jul. 06, 2025)


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What is Primoris Services Cyclically Adjusted PB Ratio?

As of today (2025-07-06), Primoris Services's current share price is $84.71. Primoris Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.93. Primoris Services's Cyclically Adjusted PB Ratio for today is 4.72.

The historical rank and industry rank for Primoris Services's Cyclically Adjusted PB Ratio or its related term are showing as below:

PRIM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.68   Max: 4.99
Current: 4.73

During the past years, Primoris Services's highest Cyclically Adjusted PB Ratio was 4.99. The lowest was 1.21. And the median was 2.68.

PRIM's Cyclically Adjusted PB Ratio is ranked worse than
88.32% of 1318 companies
in the Construction industry
Industry Median: 1.14 vs PRIM: 4.73

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Primoris Services's adjusted book value per share data for the three months ended in Mar. 2025 was $26.775. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $17.93 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Primoris Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Primoris Services's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Primoris Services Cyclically Adjusted PB Ratio Chart

Primoris Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 2.03 1.59 2.14 4.41

Primoris Services Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 2.64 3.02 3.43 4.41 3.20

Competitive Comparison of Primoris Services's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Primoris Services's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Primoris Services's Cyclically Adjusted PB Ratio falls into.


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Primoris Services Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Primoris Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=84.71/17.93
=4.72

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Primoris Services's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=26.775/134.9266*134.9266
=26.775

Current CPI (Mar. 2025) = 134.9266.

Primoris Services Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.839 100.684 11.845
201509 9.158 100.392 12.308
201512 9.351 99.792 12.643
201603 9.373 100.470 12.587
201606 9.425 101.688 12.506
201609 9.467 101.861 12.540
201612 9.643 101.863 12.773
201703 9.713 102.862 12.741
201706 10.081 103.349 13.161
201709 10.434 104.136 13.519
201712 10.816 104.011 14.031
201803 10.795 105.290 13.834
201806 10.973 106.317 13.926
201809 11.471 106.507 14.532
201812 11.914 105.998 15.166
201903 11.932 107.251 15.011
201906 12.177 108.070 15.203
201909 12.822 108.329 15.970
201912 12.915 108.420 16.072
202003 12.733 108.902 15.776
202006 13.373 108.767 16.589
202009 14.211 109.815 17.461
202012 14.857 109.897 18.241
202103 16.777 111.754 20.256
202106 17.428 114.631 20.514
202109 18.166 115.734 21.178
202112 18.612 117.630 21.349
202203 18.529 121.301 20.610
202206 19.410 125.017 20.949
202209 20.109 125.227 21.667
202212 20.872 125.222 22.490
202303 20.816 127.348 22.055
202306 21.556 128.729 22.594
202309 22.432 129.860 23.307
202312 23.163 129.419 24.149
202403 23.297 131.776 23.854
202406 24.206 132.554 24.639
202409 25.282 133.029 25.643
202412 26.228 133.157 26.577
202503 26.775 134.927 26.775

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Primoris Services  (NYSE:PRIM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Primoris Services Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Primoris Services's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Primoris Services Business Description

Traded in Other Exchanges
Address
2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are the Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance, and others.
Executives
Thomas Edward Mccormick officer: Chief Operating Officer 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Stephen C. Cook director 7500 SAN FELIPE, STE. 600, HOUSTON TX 77063
Travis L Stricker officer: Chief Accounting Officer 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
David Lee King officer: Chief Operating Officer 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
John Schauerman director, officer: Chief Financial Officer, other: Member - see remark 26000 COMMERCENTRE DR., LAKE FOREST CA 92630
John M. Perisich officer: Senior VP and General Counsel, other: Member - see remark 26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Carla S Mashinski director 8200 S. UNIT DRIVE, TULSA OK 74132
Moreno John F Jr officer: Chief Operating Officer C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201
Michael E. Ching director C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201
Terry D Mccallister director 1100 H ST NW, WASHINGTON DC 20080
Jose Ramon Rodriguez director PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Thomas E. Tucker director 3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Kenneth Morris Dodgen officer: Corporate Controller 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Brian Pratt director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225