Ameresco, Inc.

NYSE:AMRC Stock Report

Market Cap: US$1.2b

Ameresco Valuation

Is AMRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AMRC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AMRC's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMRC?

Key metric: As AMRC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AMRC. This is calculated by dividing AMRC's market cap by their current earnings.
What is AMRC's PE Ratio?
PE Ratio21.7x
EarningsUS$53.30m
Market CapUS$1.20b

Price to Earnings Ratio vs Peers

How does AMRC's PE Ratio compare to its peers?

The above table shows the PE ratio for AMRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.2x
LMB Limbach Holdings
38x19.1%US$963.3m
GLDD Great Lakes Dredge & Dock
13.1x5.7%US$768.9m
AGX Argan
28.6x21.2%US$1.9b
MYRG MYR Group
64.9x67.1%US$2.5b
AMRC Ameresco
21.7x29.4%US$1.2b

Price-To-Earnings vs Peers: AMRC is good value based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (36.2x).

Price to Earnings Ratio vs Industry

How does AMRC's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
AMRC 21.7xIndustry Avg. 28.4xNo. of Companies8PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AMRC is good value based on its Price-To-Earnings Ratio (21.7x) compared to the US Construction industry average (28.4x).

Price to Earnings Ratio vs Fair Ratio

What is AMRC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.7x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: AMRC is good value based on its Price-To-Earnings Ratio (21.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMRC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.10
US$37.55
+69.9%
10.8%US$43.00US$28.00n/a11
Dec ’25US$28.17
US$37.55
+33.3%
10.8%US$43.00US$28.00n/a11
Nov ’25US$32.33
US$38.09
+17.8%
8.6%US$43.00US$32.00n/a11
Oct ’25US$37.31
US$37.18
-0.3%
9.6%US$43.00US$32.00n/a11
Sep ’25US$30.45
US$36.50
+19.9%
9.4%US$43.00US$32.00n/a10
Aug ’25US$29.05
US$37.60
+29.4%
10.5%US$44.00US$32.00n/a10
Jul ’25US$26.00
US$36.90
+41.9%
12.4%US$44.00US$30.00n/a10
Jun ’25US$36.52
US$36.90
+1.0%
12.4%US$44.00US$30.00n/a10
May ’25US$20.49
US$35.00
+70.8%
11.5%US$44.00US$28.00n/a10
Apr ’25US$24.99
US$36.09
+44.4%
11.3%US$44.00US$28.00n/a11
Mar ’25US$19.54
US$37.64
+92.6%
10.6%US$44.00US$28.00n/a11
Feb ’25US$21.82
US$42.75
+95.9%
21.0%US$68.00US$30.00n/a12
Jan ’25US$31.67
US$44.31
+39.9%
23.0%US$68.00US$30.00n/a13
Dec ’24US$31.72
US$45.00
+41.9%
25.6%US$68.00US$29.00US$28.1713
Nov ’24US$25.53
US$60.79
+138.1%
17.3%US$81.00US$43.00US$32.3314
Oct ’24US$38.56
US$65.15
+69.0%
12.6%US$81.00US$44.00US$37.3113
Sep ’24US$44.08
US$65.15
+47.8%
12.6%US$81.00US$44.00US$30.4513
Aug ’24US$52.68
US$65.00
+23.4%
13.1%US$81.00US$44.00US$29.0513
Jul ’24US$48.63
US$63.54
+30.7%
15.3%US$81.00US$44.00US$26.0013
Jun ’24US$44.16
US$63.92
+44.7%
15.7%US$81.00US$44.00US$36.5212
May ’24US$40.78
US$63.92
+56.7%
15.3%US$81.00US$44.00US$20.4912
Apr ’24US$49.22
US$66.42
+34.9%
15.0%US$81.00US$44.00US$24.9912
Mar ’24US$46.69
US$65.83
+41.0%
15.6%US$81.00US$44.00US$19.5412
Feb ’24US$64.31
US$72.17
+12.2%
15.6%US$86.00US$44.00US$21.8212
Jan ’24US$57.14
US$72.17
+26.3%
15.6%US$86.00US$44.00US$31.6712
Dec ’23US$65.39
US$72.17
+10.4%
15.6%US$86.00US$44.00US$31.7212

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 00:46
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ameresco, Inc. is covered by 27 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
Amir RozwadowskiBarclays
Moses SuttonBNP Paribas Exane