Emcor Group Inc (EME) is slightly overvalued and Comfort Systems USA Inc (FIX) is overvalued.
Both trade above our estimate of their intrinsic value. EME is the closer of the two: -11%, against -73% for FIX.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 12.3% (average of 3 methods) values the shares at $937.74; the price of $1625.13 is 73% above that value, and 68% of that value comes from beyond year five.
Leak Score 75/100 on 10 of 12 signals
| Metric | EME | FIX |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $756.50 | $1625.13 |
| Intrinsic value | $680.05 | $937.74 |
| Margin of safety | -11% | -73% |
| Leak Score | 72/100 (9/12) | 75/100 (10/12) |
| Market cap | $33.4B | $57.2B |
| Revenue growth, 5 years | 14.1% | 26.1% |
| Operating margin | 9.6% | 16.4% |
| Net margin | 7.7% | 12.8% |
| Return on equity | 40.4% | 55.3% |
| Debt to equity | 0.13 | 0.11 |
| P/E | 23.5x | 40.0x |
| Forward P/E | 20.3x | 27.0x |
| P/B | 8.2x | 17.8x |
| Dividend yield | 0.2% | 0.2% |