NYSE: FLR · Engineering & Construction
Fluor (FLR) fair value: undervalued or overvalued?
As of 26 Sep 2026, Faircurve's model values Fluor (FLR) at $58.68 a share. The stock last closed at $49.90, which puts the model's fair value 17.6% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 2 Oct 2026. Fluor Corporation.
Faircurve Insights · 26 Sep 2026
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide. The company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions.
Faircurve's model on 26 Sep 2026 found a fair value of $58.68 a share, the midpoint of 2,000 simulations. The previous run on 19 Sep 2026 gave $67.18, and the fair value moved -12.7%. The calibrated range over 63 trading days is $49.23 to $71.55, built from the fair value and calibrated weekly against realised prices. Ranges built this way held the price 60% of the time at this horizon. The model's evidence grade is High.
The overall quality score against comparable companies is 37 out of 100. Profitability scores 0, with ROIC at -32.0% against a peer median of 19.5%. Earnings quality scores 86, growth quality 41, and capital discipline 100 with net buybacks / market value at 18.1% against a peer median of 0.3%. The balance sheet scores 0, and stability scores 14. The model compares Fluor Corporation with Dycom Industries, Inc., Everus Construction Group, Inc., Tetra Tech, Inc., Argan, Inc., Granite Construction Incorporated, MYR Group Inc., and Primoris Services Corporation. The stock's moves around its last 8 earnings reports ranged from +44.1% to -29.6%, with a median size of 12.9%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give FLR?
The calibrated range for FLR over 63 trading days is $49.23 to $71.55. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $48.10 to $72.52. In 73% of the simulations the fair value came out above the price the model ran on.
How does FLR score on business quality?
Fluor's overall quality score is 37 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 0 | -32.0%ROIC | 19.5% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 86 | ||
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 41 | -5.0%Revenue growth, trailing | 16.9% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 100 | 18.1%Net buybacks / market value | 0.3% |
| Balance sheetNet debt to EBITDA and interest coverage. | 0 | 51.42xNet debt / EBITDA | 0.62x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 14 | 1.8 ptsEBITDA margin downside volatility, 5y | 1.2 pts |
How does FLR compare with similar companies?
The companies in engineering & construction closest to Fluor in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| DY Dycom Industries, Inc. | $273.75 | $318.30 | +16.3% | Undervalued |
| ECG Everus Construction Group, Inc. | $123.35 | $121.91 | -1.2% | Fairly valued |
| TTEK Tetra Tech, Inc. | $33.12 | $35.07 | +5.9% | Fairly valued |
| AGX Argan, Inc. | $383.83 | $343.50 | -10.5% | Fairly valued |
| GVA Granite Construction Incorporated | $119.92 | $136.74 | +14.0% | Fairly valued |
| MYRG MYR Group Inc. | $304.77 | $336.69 | +10.5% | Fairly valued |
| KBR KBR, Inc. | $34.24 | $36.85 | +7.6% | Low evidence grade |
| PRIM Primoris Services Corporation | $79.08 | $75.39 | -4.7% | Fairly valued |
All engineering & construction stocks ranked by gap to fair value
When does FLR report earnings, and how has the stock reacted?
Fluor's next earnings report is scheduled for 6 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 7.9% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How FLR moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 12.9%.
| Report date | Two session move |
|---|---|
| 7 Aug 2026 | +7.2% |
| 8 May 2026 | -14.5% |
| 17 Feb 2026 | +11.3% |
| 7 Nov 2025 | +2.3% |
| 1 Aug 2025 | -29.6% |
| 2 May 2025 | +44.1% |
| 18 Feb 2025 | -8.9% |
| 8 Nov 2024 | -15.5% |
Fluor at a glance
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide. The company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions.
- Market value
- $7.0B
- Sector
- Industrials
- Industry
- Engineering & Construction
- Revenue expected, next twelve months
- $17.8B
- Consensus revenue growth, next fiscal year
- +6.9%
- Analysts with estimates
- 5
- Beta to the US market
- 1.67
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Fluor on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for FLR was $67.18. As of 26 Sep 2026 it is $58.68, a change of -12.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Fluor's valuation
Is Fluor stock undervalued or overvalued?
On Faircurve's model, FLR reads as Undervalued as of 26 Sep 2026. The model's fair value is $58.68 a share against a last close of $49.90, a gap of +17.6%.
What is FLR's fair value?
$58.68 a share as of 26 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $48.10 to $72.52.
What price range does the model give FLR?
$49.23 to $71.55 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Fluor report earnings next?
The next report is scheduled for 6 Nov 2026. Companies can move their dates.
How much has FLR moved on past earnings reports?
Across its last 8 reports the median two session move was 12.9%, ignoring direction. The largest was +44.1% around the report of 2 May 2025.
How confident is the model in this valuation?
The model's evidence grade for FLR is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.