What is Tutor Perini Corp worth?
With the base-case assumptions below, a discounted cash flow model on Tutor Perini Corp's reported free cash flow gives $167.67 per share. The share price was $94.70 on November 9, 2026, 44% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -4.0% | 10.0% | $109.49 | +16% |
| Base | 1.0% | 9.0% | $167.67 | +77% |
| Bull | 6.0% | 8.0% | $276.30 | +192% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $208.20 | $220.39 | $235.28 | $253.90 | $277.84 |
| 8.0% | $178.10 | $186.00 | $195.34 | $206.55 | $220.25 |
| 9.0% | $156.03 | $161.43 | $167.67 | $174.94 | $183.54 |
| 10.0% | $139.16 | $143.00 | $147.36 | $152.34 | $158.08 |
| 11.0% | $125.85 | $128.67 | $131.82 | $135.36 | $139.37 |
Where the presets come from
Base: years 1 to 5 grow at Tutor Perini Corp's revenue growth rate over the last 5 fiscal years (0.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions