APi Group Corp vs Mastec Inc

APi Group Corp (APG) is overvalued and Mastec Inc (MTZ) is slightly undervalued.

Against our estimates of intrinsic value, MTZ trades at the wider discount: a margin of safety of +8%, against -242% for APG.

Values as of the 22 Sept 2026 close.

APi Group Corp (APG)

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

Mastec Inc (MTZ)

Discounting its cash flows at 12.4% (average of 3 methods) values the shares at $240.05; the price of $221.69 is 8% below that value, and 67% of that value comes from beyond year five.

Leak Score 41/100 on 9 of 12 signals

MetricAPGMTZ
VerdictOvervaluedSlightly undervalued
Price$37.76$221.69
Intrinsic value$11.03$240.05
Margin of safety-242%+8%
Leak Score0/100 (2/12)41/100 (9/12)
Market cap$16.5B$17.8B
Revenue growth, 5 years17.1%17.7%
Operating margin6.4%5.2%
Net margin-3.2%3.1%
Return on equity10.3%15.4%
Debt to equity1.090.93
P/E35.3x
Forward P/E19.0x17.6x
P/B4.7x5.0x

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