Privia Health Group, Inc. (PRVA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+132.3%

$49.44

vs $21.28 price

Levered DCF

$46.84

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.4

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	124.79×	162.92×	115.15×	-292.65×	-14.62×	76.67×	294.87×	-777.03×
P/B	3.93×	3.68×	4.79×	5.04×	6.54×	16.57×	22.06×	26.71×
P/S	1.36×	1.34×	1.62×	1.85×	2.89×	2.98×	3.09×	3.59×
EV / EBITDA	45.07×	52.61×	64.89×	-155.43×	-11.7×	87.48×	138.8×	741.24×
Gross margin	9.9%	10.2%	9.7%	9.9%	6.6%	10.1%	8.7%	8.6%
Operating margin	1.6%	1.0%	1.2%	-1.4%	-22.5%	3.1%	2.0%	0.3%
Net margin	1.1%	0.8%	1.4%	-0.6%	-19.5%	3.8%	1.0%	-0.5%
Current ratio	1.6×	1.86×	1.81×	2.09×	2.35×	1.29×	1.12×	1.14×
Debt / equity	0.01×	0.01×	0.01×	0.02×	0.11×	0.23×	0.39×	0.76×
Interest coverage	0×	0×	0×	0×	-203.21×	13.24×	2.32×	0.34×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.1%	2.3%	4.1%	-1.7%	-44.1%	21.3%	7.5%	-3.4%
Return on invested capital	2.9%	1.5%	2.4%	-2.3%	-38.0%	13.9%	8.8%	1.4%
Return on assets	1.7%	1.3%	2.3%	-1.1%	-27.4%	9.5%	3.1%	-1.2%
Free cash flow yield	5.6%	4.5%	3.0%	1.9%	2.0%	1.6%	0.8%	0.2%
Earnings yield	0.8%	0.6%	0.9%	-0.3%	-6.7%	1.3%	0.3%	-0.1%
Enterprise value	$2.4B	$1.8B	$2.3B	$2.2B	$2.5B	$2.4B	$2.4B	$2.4B
Net debt / EBITDA	-8.73×	-13.82×	-10.72×	24.02×	1.27×	-1.87×	-0.22×	8.64×
Cash conversion cycle (days)	67	64	62	49	43	42	36	37