Is Sterling Stock Worth Buying at Premium P/E Valuation?

Sterling Infrastructure, Inc. (STRL) is trading at a forward 12-month price-to-earnings (P/E) multiple of 26X, a 14.4% premium to the Zacks Engineering - R and D Services industry average of 22.73X. This valuation is above Sterling's five-year median of 10.82X, signaling that the stock is priced for growth.Compared to its peers, STRL’s valuation sits below Construction Partners, Inc. (ROAD) , 43.72X) but above Dycom Industries, Inc. (DY) , 18.29X) and near Comfort Systems USA, Inc. (FIX) , 25.84X). Image So ...