Is Quanta Services, Inc. (PWR) undervalued or overvalued?

Our model estimates a fair value of about $280 against a price of $631.86 (Overvalued, -56% to fair value). It blends a 10-year DCF, sector multiples and earnings-power value and is a model estimate, not advice.

What is the X-Ray Score for PWR?

Quanta Services, Inc. has an X-Ray Score of 41 out of 100, built from valuation, growth, profitability, financial health and dividend lenses ranked against Industrials peers.

Where does the data for PWR come from?

Financial statements come from SEC EDGAR filings, prices from exchange price feeds, and industry betas and equity risk premium from Damodaran Online (NYU Stern).

Quanta Services, Inc. (PWR)

Industrials · Construction & Engineering · US stock · S&P 500 component

$631.86 ▼ -10.35 (1.61%)

At close 16 Oct 2026 · USD · Volume 917,000

Compare with EME Historical data Research report SEC filings

Fair valueOvervalued

$280 −55.6% to fair value

$140fair band $196–$364$420

Day's range

$627.07 – $640.57

52-week range

$404.19 – $788.49

About Quanta Services, Inc.

Quanta Services is a specialty contractor that builds and maintains infrastructure for energy and communications. Its crews design and install power transmission and distribution lines, substations, pipelines, wind and solar projects and telecommunications networks, and they restore services after storms. Customers are mainly electric and gas utilities, renewable energy developers, communications companies and pipeline operators. The company is organised in operating groups covering electric power, underground utility and renewable energy work.

Quanta is paid through construction and maintenance contracts, some under long-running master service agreements and others on large projects. Revenue is $32.9 billion over the last twelve months, and revenue growth over three years is 18.6% a year. The operating margin is 6.2%, and the business earns a profit of 10% on the capital invested in it. It carries net debt of 2.8 times EBITDA and offers a dividend yield of 0.1%. On the site's X-Ray Score it receives 41 out of 100.

Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.

Price chart

Historical data & CSV

52-wk range $404.19 – $788.49Volume 917,000Daily, split-adjusted

Vitals

Market cap$96.3B

52-week range$404.19 – $788.49

Volume (last day)917,000

P/E (TTM)71.6

EBIT / EV yield2.0%

Free-cash-flow yield2.5%

Dividend yield0.1%

Revenue (TTM)$32.9B

Net income (TTM)$1.3B

Operating margin6.2%

Return on capital10.3%

Debt incl. leases$6.1B

Cash & securities$506M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$280model spread $263 – $298

Overvalued −55.6% to fair value

Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.

Price $632

Undervalued < $196Fair $196 – $364Overvalued > $364

10-year DCF (market-scaled)

$251

Peer multiples

$254

Earnings power floor (not blended)

$54

Fundamentals-adjusted multiple

$337

Growth the price implies

36.9%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.

What this means

Weak business, priced high

Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 31 The price is not above fair value $280 fair value Debt looks manageable 2.8× EBITDA Revenue has been growing 18.6% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Valuation Weak

9/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield2.0%

Free-cash-flow yield2.5%

Fair value vs price0.4×

Growth Strong

88/100

Growing faster than most of its sector.

See the numbers →

Revenue growth (3y)18.6%

EPS growth (3y)27.0%

Growth consistency100%

Profitability Weak

46/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital10.3%

Operating margin6.2%

Gross profitability18.0%

Financial health Weak

16/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score4 / 9

Net debt / EBITDA2.8×

Interest cover6.9×

Dividends Fair

62/100

Dividend is typical for its sector.

See the numbers →

Dividend yield0.1%

Dividends vs free cash flow3%

Dividend growth13.7%

Quarterly results: last 6 quarters

+23.9%

Mar '25

+21.1%

Jun '25

+17.5%

Sep '25

+19.7%

Dec '25

+26.3%

Mar '26

+41.1%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $9.6B, diluted EPS $2.96.

Compare with peers

EME EMCOR Group, Inc.65 FIX Comfort Systems Usa In...52 J Jacobs Solutions Inc.39

Other Construction & Engineering companies by X-Ray Score.

Fundamentals checklist

● 5 Good · ● 0 Average · ● 11 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldBad

Risk models

Altman Z''Bad

Piotroski F-ScoreBad

Growth

EPS growth (3y)Good

Free-cash-flow growth (3y)Good

Revenue growth (3y)Good

Growth consistencyGood

Balance sheet

Current ratioBad

Net debt / EBITDABad

Interest coverBad

Valuation

Fair value vs priceBad

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginBad

Gross profitabilityBad

Each check is graded against the company's sector, not a fixed number. Checklist score 37/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$13.0B	$17.1B	$20.9B	$23.7B	$28.5B
Operating income	$664M	$872M	$1.1B	$1.3B	$1.6B
Net income	$492M	$512M	$751M	$927M	$1.0B
Operating cash flow	$582M	$1.1B	$1.6B	$2.1B	$2.2B
Operating margin	5.1%	5.1%	5.4%	5.7%	5.7%
Free cash flow	$197M	$703M	$1.1B	$1.5B	$1.6B
Diluted EPS	$3.34	$3.32	$5.00	$6.03	$6.80

Fiscal years, from SEC filings.

Technical summary

Daily

Bearish

5 bullish · 2 neutral · 9 bearish

Weekly

Bullish

7 bullish · 1 neutral · 4 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	681.4	Bearish
EMA 10	665.9	Bearish
SMA 20	665.2	Bearish
EMA 20	663.4	Bearish
SMA 50	650.3	Bearish
EMA 50	656.4	Bearish
SMA 100	663.9	Bearish
EMA 100	649.0	Bearish
SMA 200	618.1	Bullish
EMA 200	608.9	Bullish

Oscillators (daily)

RSI (14)	42.28	Neutral
MACD (12, 26)	5.57	Bullish
Momentum (12)	-1.64	Bearish
Stochastic %K (14)	17.27	Bullish
Williams %R (14)	-82.73	Bullish
CCI (20)	-90.13	Neutral

Pivot points (classic, last session)

612.3

619.7

625.8

Pivot

633.2

639.3

646.7

652.8

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

0.44 USD

Yield on today's price

0.07%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
1 Oct 2026	0.1100
1 Jul 2026	0.1100
2 Apr 2026	0.1100
2 Jan 2026	0.1100
1 Oct 2025	0.1000
1 Jul 2025	0.1000
3 Apr 2025	0.1000
2 Jan 2025	0.1000
1 Oct 2024	0.0900
1 Jul 2024	0.0900
8 Apr 2024	0.0900
29 Dec 2023	0.0900