Emcor Group Inc (EME) is slightly overvalued and Quanta Services Inc (PWR) is overvalued.
Both trade above our estimate of their intrinsic value. EME is the closer of the two: -11%, against -210% for PWR.
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 10.6% (average of 3 methods) values the shares at $207.13; the price of $642.63 is 210% above that value, and 72% of that value comes from beyond year five.
Leak Score 55/100 on 10 of 12 signals
| Metric | EME | PWR |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $756.50 | $642.63 |
| Intrinsic value | $680.05 | $207.13 |
| Margin of safety | -11% | -210% |
| Leak Score | 72/100 (9/12) | 55/100 (10/12) |
| Market cap | $33.4B | $96.6B |
| Revenue growth, 5 years | 14.1% | 20.5% |
| Operating margin | 9.6% | 6.4% |
| Net margin | 7.7% | 4.0% |
| Return on equity | 40.4% | 15.2% |
| Debt to equity | 0.13 | 0.69 |
| P/E | 23.5x | 73.6x |
| Forward P/E | 20.3x | 32.7x |
| P/B | 8.2x | 10.0x |
| Dividend yield | 0.2% | 0.1% |