APi Group Corp (APG) is overvalued and Sterling Infrastructure Inc (STRL) is overvalued.
Both trade above our estimate of their intrinsic value. STRL is the closer of the two: -92%, 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 12.8% (average of 3 methods) values the shares at $269.07; the price of $516.57 is 92% above that value, and 65% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | APG | STRL |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $37.76 | $516.57 |
| Intrinsic value | $11.03 | $269.07 |
| Margin of safety | -242% | -92% |
| Leak Score | 0/100 (2/12) | 59/100 (3/12) |
| Market cap | $16.5B | $15.8B |
| Revenue growth, 5 years | 17.1% | 11.8% |
| Operating margin | 6.4% | 18.3% |
| Net margin | -3.2% | 12.6% |
| Return on equity | 10.3% | 38.5% |
| Debt to equity | 1.09 | 0.25 |
| P/E | — | 37.2x |
| Forward P/E | 19.0x | 20.4x |
| P/B | 4.7x | 11.7x |