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Primoris Services (FRA:1PM) Cyclically Adjusted Price-to-FCF : 59.22 (As of May. 15, 2024)


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What is Primoris Services Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Primoris Services's current share price is €45.60. Primoris Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.77. Primoris Services's Cyclically Adjusted Price-to-FCF for today is 59.22.

The historical rank and industry rank for Primoris Services's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:1PM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.45   Med: 47   Max: 141.53
Current: 58.1

During the past years, Primoris Services's highest Cyclically Adjusted Price-to-FCF was 141.53. The lowest was 24.45. And the median was 47.00.

FRA:1PM's Cyclically Adjusted Price-to-FCF is ranked worse than
84.39% of 583 companies
in the Construction industry
Industry Median: 18.04 vs FRA:1PM: 58.10

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Primoris Services's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.658. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Primoris Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Primoris Services's Cyclically Adjusted Price-to-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.

* Premium members only.

Primoris Services Cyclically Adjusted Price-to-FCF Chart

Primoris Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.29 33.67 32.12 35.52 39.90

Primoris Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-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 54.05 54.56 55.24 39.90 49.90

Competitive Comparison of Primoris Services's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Primoris Services's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-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's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



Primoris Services Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Primoris Services's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.60/0.77
=59.22

* 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 FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Primoris Services's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.658/129.4194*129.4194
=-0.658

Current CPI (Mar. 2024) = 129.4194.

Primoris Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.067 100.560 -0.086
201409 -0.378 100.428 -0.487
201412 0.233 99.070 0.304
201503 -0.260 99.621 -0.338
201506 -0.660 100.684 -0.848
201509 -0.279 100.392 -0.360
201512 0.893 99.792 1.158
201603 -0.828 100.470 -1.067
201606 0.192 101.688 0.244
201609 0.601 101.861 0.764
201612 0.111 101.863 0.141
201703 0.539 102.862 0.678
201706 0.718 103.349 0.899
201709 0.527 104.136 0.655
201712 0.083 104.011 0.103
201803 -0.242 105.290 -0.297
201806 -0.518 106.317 -0.631
201809 -0.776 106.507 -0.943
201812 1.886 105.998 2.303
201903 -1.495 107.251 -1.804
201906 -1.157 108.070 -1.386
201909 0.622 108.329 0.743
201912 2.535 108.420 3.026
202003 -0.275 108.902 -0.327
202006 0.980 108.767 1.166
202009 1.715 109.815 2.021
202012 1.895 109.897 2.232
202103 -0.186 111.754 -0.215
202106 -0.695 114.631 -0.785
202109 -0.468 115.734 -0.523
202112 0.531 117.630 0.584
202203 -0.453 121.301 -0.483
202206 -2.290 125.017 -2.371
202209 -0.391 125.227 -0.404
202212 2.925 125.222 3.023
202303 -2.237 127.348 -2.273
202306 0.101 128.729 0.102
202309 0.579 129.860 0.577
202312 3.123 129.419 3.123
202403 -0.658 129.419 -0.658

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (FRA:1PM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Primoris Services Cyclically Adjusted Price-to-FCF Related Terms

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


Primoris Services (FRA:1PM) Business Description

Industry
Traded in Other Exchanges
Address
2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201
Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

Primoris Services (FRA:1PM) Headlines

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