APi Group Corporation

NYSE:APG Stock Report

Market Cap: US$18.7b

APi Group Future Growth

Future criteria checks 3/6

APi Group is forecast to grow earnings and revenue by 77% and 6.1% per annum respectively. EPS is expected to grow by 76.3% per annum. Return on equity is forecast to be 18.9% in 3 years.

Key information

77.0%

Earnings growth rate

76.28%

EPS growth rate

Construction earnings growth23.6%
Revenue growth rate6.1%
Future return on equity18.85%
Analyst coverage

Good

Last updated01 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 29

APG: Recurring Services And Data Centers Will Support Measured Future Upside

APi Group's updated analyst price target has moved to $52.00. This reflects modest adjustments to the discount rate and other model assumptions as analysts respond to recent Q4 results, conservative guidance, and increased confidence in the company's recurring Facility Services and data center exposure.
Seeking Alpha • Apr 20

APi Group: A Safety Player At Work

Summary APi Group continues its strong momentum, driven by double-digit organic growth and a new European acquisition, Wtech Fire Group. APi Group targets $10 billion in revenue and 16% EBITDA margins by 2028, with recent guidance and bolt-on M&A supporting this trajectory. Despite robust performance and manageable leverage, shares now trade at mid-twenties earnings multiples, reflecting heightened expectations and all-time highs. I remain upbeat on APi's execution and growth, but current valuation tempers my enthusiasm for immediate entry. Read the full article on Seeking Alpha
Narrative Update • Apr 11

APG: Recurring Facility Services And Data Centers Will Drive Future Upside

Analysts have nudged the fair value estimate for APi Group to $52.00. This reflects a series of higher Street price targets in the $50 to $54 range, supported by solid recent results, conservative guidance, and growing interest in its recurring Facility Services and Data Center exposure.
Narrative Update • Mar 28

APG: Recurring Facility Services And Data Centers Will Support Future Upside

Analysts have lifted the average price target for APi Group to $52, supported by recent research that highlights solid Q4 results, conservative but constructive guidance, growing exposure to data center construction, and the company's role as an M&A compounder within facility and business services. Analyst Commentary Recent research paints a mostly constructive picture, with several bullish analysts lifting price targets into the low to mid US$50s after Q4 results and updated guidance.
Narrative Update • Mar 13

APG: Recurring Facility Services And Data Centers Will Drive Future Upside

The analyst price target for APi Group has moved from $51.36 to $52.00 as analysts factor in recent Q4 results, conservative but solid guidance, recurring Facility Services exposure, data center growth potential, and the company's role as an active M&A compounder. Analyst Commentary Recent research updates cluster around a consistent theme of constructive sentiment on APi Group, with several firms lifting price targets after Q4 results and updated guidance.
Narrative Update • Feb 27

APG: Recurring Facility Services And Data Center Exposure Will Shape Future Upside

Analysts have lifted their average price target on APi Group to $51.36 from $44.90, reflecting updated models after recent Q4 results, conservative guidance, and growing focus on recurring facility services exposure and data center related opportunities. Analyst Commentary Recent research highlights a cluster of upward price target revisions on APi Group, with analysts updating their models after Q4 results and company guidance.
Narrative Update • Feb 04

APG: Updated 2025 Outlook And P/E Assumptions Will Shape Future Upside

Analysts have lifted their price targets on APi Group by about $4 to $9, pointing to updated assumptions around revenue growth, margins, discount rates and future P/E that keep their fair value view broadly in line with prior estimates. Analyst Commentary Recent research updates on APi Group focus on how the company might execute against its revenue and margin assumptions, and what that could mean for valuation over time.
Narrative Update • Jan 20

APG: Raised 2025 Guidance And Q4 Outlook Revisions Will Shape Upside Potential

Analysts lifted their APi Group price target to about US$44.90 from roughly US$43.40, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E, in line with recent Street target increases such as the move to US$49 cited in Q4 outlook research. Analyst Commentary Recent target moves toward US$49 suggest that bullish analysts see room for APi Group's shares to better align with their updated assumptions on fair value, while still acknowledging execution and market risks.
Narrative Update • Jan 05

APG: Raised 2025 Revenue Guidance And Margin Outlook Will Support Upside

Analysts have slightly raised their price target for APi Group, with fair value moving from US$42.90 to US$43.40. This reflects updated assumptions on revenue growth, profit margins and future P/E expectations.
Narrative Update • Dec 13

APG: Long Term Margin Upside And Softer Revenues Will Keep Shares Rangebound

Analysts have nudged their price target on APi Group slightly higher to approximately $42.90 per share from about $42.30. This reflects updated assumptions of modestly higher future valuation multiples and significantly improved long term profitability, despite more conservative revenue growth expectations.
Analysis Article • Dec 10

APi Group Corporation (NYSE:APG) Shares Could Be 34% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for APi Group is US$57.56 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Nov 29

APG: Revenue Outlook And Margin Trends Will Keep Shares Rangebound

Analysts have slightly lowered their price target for APi Group, trimming it to $42.30 as modest changes in profit margin and future P/E expectations are influencing previous valuation assumptions. What's in the News APi Group Corporation has raised its full-year 2025 earnings guidance, now expecting net revenues between $7,825 million and $7,925 million, up from the previous range of $7,650 million to $7,850 million (Key Developments).
Analysis Article • Nov 25

APi Group Corporation's (NYSE:APG) Popularity With Investors Is Under Threat From Overpricing

When close to half the companies in the Construction industry in the United States have price-to-sales ratios (or...
Narrative Update • Nov 15

APG: Revenue Guidance Increase Will Drive Share Performance Ahead

Analysts have raised their price target for APi Group from $41.50 to $42.30, citing subtle improvements in revenue growth expectations as a key factor in their updated outlook. What's in the News APi Group Corporation has revised its full-year 2025 earnings guidance, now expecting net revenues between $7,825 and $7,925 million.
Analysis Article • Nov 07

Statutory Profit Doesn't Reflect How Good APi Group's (NYSE:APG) Earnings Are

Even though APi Group Corporation's ( NYSE:APG ) recent earnings release was robust, the market didn't seem to notice...
Narrative Update • Nov 01

APG: Rising Net Margins And Revenue Guidance Will Support Outperformance In 2025

APi Group Price Target Sees Modest Uptick as Analysts Refine Outlook Analysts have slightly raised their price target for APi Group from $41.00 to $41.50. This change reflects improved profit margin forecasts and a lower expected future price-to-earnings ratio.
Narrative Update • Sep 04

Infrastructure Modernization And Recurring Contracts Will Secure Resilient Future

Analysts maintained a cautious yet optimistic outlook for APi Group, citing sector multiple expansion, a recent stock split, and steady operating improvements, resulting in an unchanged consensus price target of $41.00. Analyst Commentary Bullish analysts increased price targets due to the adjustment for APi Group’s recent 3-2 stock split.
Analysis Article • Sep 01

What Is APi Group Corporation's (NYSE:APG) Share Price Doing?

APi Group Corporation ( NYSE:APG ) saw a double-digit share price rise of over 10% in the past couple of months on the...
Analysis Article • Jul 30

Risks To Shareholder Returns Are Elevated At These Prices For APi Group Corporation (NYSE:APG)

APi Group Corporation's ( NYSE:APG ) price-to-sales (or "P/S") ratio of 2x may not look like an appealing investment...
Analysis Article • Jul 15

APi Group (NYSE:APG) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article • Jun 27

An Intrinsic Calculation For APi Group Corporation (NYSE:APG) Suggests It's 21% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, APi Group fair value estimate is US$63.87 Current share price...
Analysis Article • May 28

Here's Why APi Group (NYSE:APG) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
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New Narrative • May 13

Inspection, Monitoring And Elevator Services Will Secure Future Stability

APi Group's shift towards higher margin services like inspection and monitoring should enhance revenue stability and net margins.
Seeking Alpha • Mar 04

APi Group: Rating Downgrade As I Am Not Confident On FY 2025 Performance

Summary I am downgrading APi Group to hold due to uncertain near-term performance, weak organic growth, and macro uncertainties impacting FY25 outlook. Despite solid 4Q24 adj EBITDA growth and a healthy backlog, APG's organic growth remains weak, particularly in the Specialty Services segment. APG's transition to high-margin ISM revenue is positive, but near-term organic growth concerns and potential macro risks could pressure the stock. APG's premium valuation at 13x NTM EBITDA could lead to a derating if 1H25 organic growth underperforms, risking a sell-off. Read the full article on Seeking Alpha
Seeking Alpha • Dec 18

APi Group: Expecting Growth To Accelerate And Adj EBITDA Margin To Expand

Summary I reiterate a buy rating for APG due to strong market share potential, growth acceleration, and adj EBITDA margin expansion prospects for FY25 and beyond. APG's solid demand trend is evidenced by a $3.5 billion backlog, robust end markets, and a promising M&A pipeline, ensuring high-single-digit growth. Despite FY24 revenue guidance revision, project delays are temporary, setting up FY25 for stronger growth with positive proposal activity trends. Read the full article on Seeking Alpha
Seeking Alpha • Oct 15

APi Price And Earnings Diverge, Setting Up Strong Buy Rating

Summary APi Group Corporation's earnings are set to grow in Q3 and Q4 2024, despite a recent decline in share price, presenting a Strong Buy opportunity. The company's 13/60/80 framework aims to boost adjusted EBITDA margins, recurring revenue, and free cash flow conversion. APi's aggressive acquisition strategy, including the recent purchase of Elevated Facility Services Group, supports its growth and expansion goals. With a one-year price target of $45.75, I anticipate a 35% increase in share price, driven by earnings growth and strategic initiatives. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:APG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20289,6507921,168N/A4
12/31/20279,1785859291,05210
12/31/20268,63444281683110
3/31/20268,174-268680782N/A
12/31/20257,911-288663759N/A
9/30/20257,655156572660N/A
6/30/20257,396134569648N/A
3/31/20257,136134601675N/A
12/31/20247,018-224536620N/A
9/30/20246,916-432546634N/A
6/30/20246,874-459474558N/A
3/31/20246,915-500435522N/A
12/31/20236,928-161428514N/A
9/30/20236,87284322405N/A
6/30/20236,82362316407N/A
3/31/20236,70149299387N/A
12/31/20226,55823191270N/A
9/30/20225,967-151124196N/A
6/30/20225,279-1474499N/A
3/31/20224,608-143-1732N/A
12/31/20213,940-137127182N/A
9/30/20213,710-216178235N/A
6/30/20213,621-210228283N/A
3/31/20213,532-195428473N/A
12/31/20203,587-375458496N/A
9/30/20203,690-284444479N/A
6/30/20203,850-295433474N/A
3/31/20204,028-276272325N/A
12/31/20194,092-67N/A295N/A
2/28/2019268N/A24N/A
12/31/2018N/A19N/A21N/A
8/31/201818-164N/A11N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: APG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: APG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APG is expected to become profitable in the next 3 years.

Revenue vs Market: APG's revenue (6.1% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: APG's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: APG's Return on Equity is forecast to be low in 3 years time (18.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 09:58
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

APi Group Corporation is covered by 11 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Julian MitchellBarclays
Curtis NagleBofA Global Research