APi Group Corp (APG) is overvalued and Emcor Group Inc (EME) is slightly overvalued.
Both trade above our estimate of their intrinsic value. EME is the closer of the two: -11%, against -242% for APG.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.7% (average of 2 methods) values the shares at $11.03; the price of $37.76 is 242% above that value, and 71% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $680.05; the price of $756.50 is 11% above that value, and 72% of that value comes from beyond year five.
Leak Score 72/100 on 9 of 12 signals
| Metric | APG | EME |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $37.76 | $756.50 |
| Intrinsic value | $11.03 | $680.05 |
| Margin of safety | -242% | -11% |
| Leak Score | 0/100 (2/12) | 72/100 (9/12) |
| Market cap | $16.5B | $33.4B |
| Revenue growth, 5 years | 17.1% | 14.1% |
| Operating margin | 6.4% | 9.6% |
| Net margin | -3.2% | 7.7% |
| Return on equity | 10.3% | 40.4% |
| Debt to equity | 1.09 | 0.13 |
| P/E | — | 23.5x |
| Forward P/E | 19.0x | 20.3x |
| P/B | 4.7x | 8.2x |
| Dividend yield | — | 0.2% |