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  "documentTitle": "Fluor Corporation (FLR)",
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  "notes": "The chart highlights a significant valuation gap between Fluor and its peers, with median multiples shown for different peer groups.",
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      "text": "Source: Public company filings, Wall Street consensus estimates, Bloomberg, Capital IQ. Market data as of October 17, 2025. (1) To ensure peer multiples are comparable, we exclude Technip Energies’ contract assets and liabilities from enterprise value.",
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      "text": "EPCM / Technical Services, Construction, Specialty EPCM, Specialty Contractors, Natural Gas EPC, Government Solutions & Services",
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