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Tutor Perini Corporation (TPC) Fair Value & Analysis

Industrials · US · Market cap $4.0B

TP Tutor Perini Corporation logo Tutor Perini Corporation TPC · US
Price$94.67
Fair Value$32.11
Upside-66.1%
Quality68/100
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Weak Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
0.16% dividend yield
Trails peers (5/15)
Narrow moat 38/100
Evidence: High Range $24.08 – $40.13 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated yesterday

Share price +21.7% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($40.13). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$99.11 $5.05 Fair Value $32.11 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $5.05 – $99.11 · fair‑value band $24.08 – $40.13 · the $94.67 price screens above the $32.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Tutor Perini Corporation (TPC) currently trades at $94.67, while our model-based Fair Value estimate is $32.11, implying the stock looks roughly 66.1% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Tutor Perini Corporation generated revenue of $5.7B at a net margin of 1.4%. Revenue grew 11.5% year over year. It earns a return on equity of 11.4%. The balance sheet holds a net cash position of $299M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $24.08 (bear case) to $40.13 (bull case); at $94.67, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 141% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -66%, TPC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $122.32 $170.19 $234.41 80
Residual Income $18.16 $18.72 $19.19 76
Rev-Margin DCF $72.75 $98.55 $127.93 74
All 25 models by family
DCF Models
FCF DCF $120.12 $173.36 $248.80 38
5Y Revenue Exit $72.75 $96.81 $125.62 39
5Y EBITDA Exit $77.89 $106.19 $137.46 41
5Y P/E Exit $62.23 $77.59 $92.46 38
10Y Revenue Exit $88.63 $113.88 $144.39 36
10Y EBITDA Exit $92.93 $120.17 $153.03 37
10Y P/E Exit $83.26 $101.01 $120.19 35
Earnings-Based
Graham-Dodd $10.40 $28.58 $37.51 54
Lynch FV $5.68 $8.12 $10.55 50
PEG = 1.0 $5.68 $8.12 $10.55 46
EPV $36.64 $41.29 $45.30 59
Dividend Discount
Gordon GGM $0.5300 $1.05 $1.60 70
DDM Multi-Stage $0.5300 $0.8200 $1.11 61
Multiples
P/E Multiple $24.08 $32.11 $40.13 63
P/S Multiple $19.49 $25.99 $32.49 58
P/B Multiple $19.49 $25.99 $32.49 55
EV/EBIT $63.38 $82.12 $100.86 53
EV/EBITDA $59.39 $76.79 $94.20 54
EV/Revenue $47.29 $64.49 $81.68 43
Asset-Based
NCAV (Graham) $11.58 $15.52 $23.16 50
Growth DCF
Growth DCF $122.32 $170.19 $234.41 80
Rev-Margin DCF $72.75 $98.55 $127.93 74
Economic Profit
Residual Income $18.16 $18.72 $19.19 76
ROIC Compounder $38.24 $45.48 $53.52 72
Growth Earnings
Growth-Adj P/E $19.11 $27.30 $35.49 68

Widest divergence: DCF Models ($106.19) versus Dividend Discount ($0.8200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $5.7B
Revenue growth (YoY) +11.5%
Net margin 1.4%
Return on equity 11.4%
Free cash flow $567M FY2025
P/E ratio 64.6
More key figures
Operating margin 4.3%
EPS (TTM) $1.46
Dividend yield 0.2%
EPS growth (YoY) -9.4%
Net cash $299M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 62 · Market factors (momentum, volatility) 59

Profitability 36
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 65
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.

Full company description

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in public works construction and the replacement and reconstruction of infrastructure; and offers civil contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military and other government facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers various specialized building markets, such as hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional and detention facilities, biotech, pharmaceutical, industrial, and technology. The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for civil and building construction projects in industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers pre-construction planning and project management services comprising planning and scheduling of the manpower, equipment, materials, and subcontractor services; and self-performed construction services consisting of site work, concrete forming and placement, and steel erection. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tutor Perini Corporation reported revenue of $5.5B in FY2025 versus $4.6B in FY2021, a compound +4.5%/yr. Reported net income was $80.4M in FY2025, compounding −3.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$5.5B
Latest YoY
+28.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.8%
Avg. growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.9%
Revenue +4.5%/yr
FY21 $4.6B
FY22 $3.8B
FY23 $3.9B
FY24 $4.3B
FY25 $5.5B
Net income −3.3%/yr
FY21 $91.9M
FY22 −$210M
FY23 −$171M
FY24 −$164M
FY25 $80.4M

TPC screens 66% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Tutor Perini Corporation Fair Value". https://www.fairvalue-calculator.com/stock/TPC

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 839 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 64.6× · Pricier than 75% of peers
P/B 3.25× · Pricier than 75% of peers
P/S (TTM) 0.70× · Pricier than median
P/FCF 7.0× · Pricier than median
EV/EBITDA 13.0× · Pricier than median
PEG 0.62× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 14
FUTURE 58 · sector 14
PAST 46 · sector 26
HEALTH 84 · sector 94
DIVIDEND 3 · sector 33

VALUE 0: the price sits above our fair-value range.

Insider activity: 78/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is Tutor Perini Corporation (TPC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $32.11 versus a price of $94.67, about −66% (overvalued).
What is the fair value of TPC?
Our model-based fair value for Tutor Perini Corporation is $32.11 (as of Aug 13, 2026), built from audited fundamentals. The current price is $94.67.
What is the quality score of TPC?
Tutor Perini Corporation has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Tutor Perini Corporation (TPC)?
Tutor Perini Corporation reported trailing-twelve-month revenue of about $5.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TPC?
The net profit margin of Tutor Perini Corporation is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Tutor Perini Corporation pay a dividend?
Tutor Perini Corporation currently shows a dividend yield of about 0.17% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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