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APi Group (APG) Fair Value & Analysis

Industrials · US · Market cap $18.1B

AG APi Group logo APi Group APG · US
Price$41.25
Fair Value$12.44
Upside-69.8%
Quality49/100
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Mixed Growth
Thin margins · 4.0% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 42/100
Evidence: High Range $9.20 – $15.56 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 27 days ago

Share price −0.1% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($15.56). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$49.40 $8.85 Fair Value $12.44 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range $8.85 – $49.40 · fair‑value band $9.20 – $15.56 · the $41.25 price screens above the $12.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

APi Group (APG) currently trades at $41.25, while our model-based Fair Value estimate is $12.44, implying the stock looks roughly 69.8% overvalued today. We read business quality at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, APi Group generated revenue of $8.2B at a net margin of 4.0%. Revenue grew 15.3% year over year. It earns a return on equity of 10.0%. Net debt stands at $2.4B. Fundamentals as of Jul 12, 2026

Our scenario range runs from $9.20 (bear case) to $15.56 (bull case); at $41.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -70%, APG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $18.52 $40.81 $82.93 80
Residual Income $6.77 $7.37 $9.21 76
Rev-Margin DCF $11.23 $24.47 $44.03 74
All 26 models by family
DCF Models
FCF DCF $19.57 $36.28 $83.32 38
Owner Earnings $14.90 $38.92 $88.97 31
5Y Revenue Exit $11.23 $23.10 $45.12 39
5Y EBITDA Exit $16.39 $34.34 $65.85 41
5Y P/E Exit $9.82 $21.73 $36.53 38
10Y Revenue Exit $13.18 $28.31 $46.48 36
10Y EBITDA Exit $17.27 $37.95 $74.80 37
10Y P/E Exit $12.67 $25.68 $46.73 35
Earnings-Based
Graham-Dodd $4.74 $32.59 $45.71 54
Lynch FV $9.59 $13.70 $17.82 50
PEG = 1.0 $9.59 $13.70 $17.82 46
EPV $5.49 $7.11 $8.53 59
Dividend Discount
Gordon GGM $14.26 $29.66 $47.05 70
DDM Multi-Stage $14.26 $25.01 $31.13 61
Multiples
P/E Multiple $10.46 $13.94 $17.43 63
P/S Multiple $8.89 $11.85 $14.81 58
P/B Multiple $8.89 $11.85 $14.81 55
EV/EBIT $13.01 $18.77 $24.52 53
EV/EBITDA $15.58 $22.18 $28.79 54
EV/Revenue $7.39 $12.37 $17.36 43
Asset-Based
NCAV (Graham) $3.93 $5.27 $7.87 50
Growth DCF
Growth DCF $18.52 $40.81 $82.93 80
Rev-Margin DCF $11.23 $24.47 $44.03 74
Economic Profit
Residual Income $6.77 $7.37 $9.21 76
ROIC Compounder $5.49 $7.11 $9.59 72
Growth Earnings
Growth-Adj P/E $12.92 $18.46 $24.00 68

Widest divergence: DCF Models ($28.31) versus Asset-Based ($5.27). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $8.2B
Revenue growth (YoY) +15.3%
Net margin 4.0%
Return on equity 10.0%
Free cash flow $663M FY2025
Operating margin 7.3%
More key figures
EPS (TTM) $-0.6400
EPS growth (YoY) +68.8%
Net debt $2.4B FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 45

Profitability 43
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 35
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide. It operates in two segments, Safety Services and Specialty Services.

Full company description

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide. It operates in two segments, Safety Services and Specialty Services. The company offers fire protection solutions; electronic security systems; and elevators and escalators, including the design, installation, inspection, service, and monitoring of life safety systems to high tech services, advanced manufacturing, healthcare, fulfillment and distribution centers, and critical infrastructure end markets. It also provides various specialty contracting, fabrication and distribution, and infrastructure and utility services to critical infrastructure, high tech services, and healthcare end markets. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in October 2019. APi Group Corporation was founded in 1926 and is headquartered in New Brighton, Minnesota.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

APi Group reported revenue of $7.9B in FY2025 versus $3.9B in FY2021, a compound +19.0%/yr. Reported net income was $302M in FY2025, compounding +59.2%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$7.9B
Latest YoY
+12.7%
Avg. growth/yr (3Y)
+6.5%
Avg. growth/yr (5Y)
+17.1%
Avg. growth/yr (10Y)
+12.4%
Revenue +19.0%/yr
FY21 $3.9B
FY22 $6.6B
FY23 $6.9B
FY24 $7.0B
FY25 $7.9B
Net income +59.2%/yr
FY21 $47.0M
FY22 $73.0M
FY23 $153M
FY24 $250M
FY25 $302M

APG screens 70% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "APi Group Fair Value". https://www.fairvalue-calculator.com/stock/APG

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 831 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Above median
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 15% · Above median
Debt / equity 0.81× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 5.32× · Pricier than 75% of peers
P/S (TTM) 2.22× · Pricier than 75% of peers
P/FCF 27.4× · Pricier than 75% of peers
EV/EBITDA 19.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 17
FUTURE 77 · sector 17
PAST 40 · sector 26
HEALTH 60 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹102.36 ₹48.22 -53%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is APi Group (APG) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of $12.44 versus a price of $41.25, about −70% (overvalued).
What is the fair value of APG?
Our model-based fair value for APi Group is $12.44 (as of Jul 12, 2026), built from audited fundamentals. The current price is $41.25.
What is the quality score of APG?
APi Group has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of APi Group (APG)?
APi Group reported trailing-twelve-month revenue of about $8.2B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of APG?
The net profit margin of APi Group is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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