WEBULL

A Look At Centuri Holdings (CTRI) Valuation After US$870 Million In New Bookings

Simply Wall St · 4d ago

Event overview and why it matters

Centuri Holdings (CTRI) recently reported more than $870 million in new bookings across North America, mostly from renewed long term agreements with utility customers and additional work tied to energy infrastructure projects.

See our latest analysis for Centuri Holdings.

The recent $870 million in bookings comes as Centuri Holdings’ share price has climbed to $27.11, with a 90 day share price return of 33.35% and a 1 year total shareholder return of 35.14%. This suggests momentum has been building as investors reassess its long term contract visibility and perceived risk profile.

If you are looking beyond utilities infrastructure, this could be a useful moment to broaden your watchlist with fast growing stocks with high insider ownership.

With the share price at $27.11, recent returns strong, and the stock trading at a premium to the current analyst price target, the key question now is whether Centuri is undervalued or whether markets are already pricing in future growth.

Price-to-Sales of 1x: Is it justified?

On a P/S of roughly 1x at the last close of $27.11, Centuri looks slightly expensive relative to its own fair P/S estimate and modestly discounted against peers and its broader industry.

P/S compares the company’s market value to its annual revenue, which can be useful for businesses where earnings are still settling after a recent move into profitability. For Centuri, with revenue of about US$2.8b and a recent profit of US$2.5m, the focus is clearly on what the revenue base might support over time rather than current earnings alone.

According to the SWS fair ratio work, Centuri’s current P/S of 1x sits above an estimated fair P/S of 0.8x, which points to a richer valuation level the market could potentially move toward if expectations cool. At the same time, that same 1x P/S sits a little below the 1.1x average for peers and below the 1.3x average for the wider US Construction industry, which shows investors are not paying a premium relative to the sector even as the stock trades above the fair ratio estimate.

Explore the SWS fair ratio for Centuri Holdings

Result: Price-to-Sales of 1x (ABOUT RIGHT)

However, current profits of about US$2.5m on roughly US$2.8b revenue and a share price above analyst targets could quickly challenge this more upbeat valuation story.

Find out about the key risks to this Centuri Holdings narrative.

Another view from the SWS DCF model

While the 1x P/S ratio makes Centuri look roughly in line with peers, the SWS DCF model points the other way. With an estimate of fair value at US$19.29 versus the current US$27.11 share price, the model indicates the stock is trading at a premium. Which signal do you trust more: today’s revenue multiple or the cash flow math?

Look into how the SWS DCF model arrives at its fair value.

CTRI Discounted Cash Flow as at Jan 2026
CTRI Discounted Cash Flow as at Jan 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Centuri Holdings for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 877 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Centuri Holdings Narrative

If you look at the numbers and come to a different view, or simply want to test your own assumptions, you can build a complete Centuri story yourself in just a few minutes by starting with Do it your way.

A great starting point for your Centuri Holdings research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.