APi Group Corporation

NYSE:APG Stock Report

Market Cap: US$9.6b

APi Group Valuation

Is APG 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$76.90
Fair Value
53.2% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: APG ($36.01) is trading below our estimate of fair value ($76.9)

Significantly Below Fair Value: APG is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As APG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for APG. This is calculated by dividing APG's market cap by their current revenue.
What is APG's PS Ratio?
PS Ratio1.4x
SalesUS$7.02b
Market CapUS$9.60b

Price to Sales Ratio vs Peers

How does APG's PS Ratio compare to its peers?

The above table shows the PS ratio for APG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
MTZ MasTec
0.8x7.2%US$8.9b
ACM AECOM
0.8x4.7%US$12.5b
FIX Comfort Systems USA
1.8x7.9%US$12.0b
EME EMCOR Group
1.2x7.5%US$17.0b
APG APi Group
1.4x4.9%US$9.6b

Price-To-Sales vs Peers: APG is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does APG's PS Ratio compare vs other companies in the US Construction Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
VATE INNOVATE
0.07xn/aUS$78.77m
SHIM Shimmick
0.1x-0.5%US$52.49m
QTEK.Q QualTek Services
0.0004xn/aUS$613.32k
ISUN.Q iSun
0.00005xn/aUS$4.74k
APG 1.4xIndustry Avg. 0.8xNo. of Companies7PS00.61.21.82.43+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: APG is expensive based on its Price-To-Sales Ratio (1.4x) compared to the US Construction industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

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

APG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: APG is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 APG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$36.01
US$45.20
+25.5%
7.2%US$50.00US$38.00n/a10
Apr ’26US$35.89
US$45.60
+27.1%
6.7%US$50.00US$38.00n/a10
Mar ’26US$39.27
US$45.70
+16.4%
6.6%US$50.00US$38.00n/a10
Feb ’26US$38.15
US$44.00
+15.3%
8.4%US$50.00US$36.00n/a10
Jan ’26US$35.97
US$44.11
+22.6%
8.8%US$50.00US$36.00n/a9
Dec ’25US$37.78
US$43.33
+14.7%
9.2%US$50.00US$36.00n/a9
Nov ’25US$35.34
US$43.11
+22.0%
9.4%US$50.00US$36.00n/a9
Oct ’25US$32.37
US$43.44
+34.2%
10.1%US$50.00US$34.00n/a9
Sep ’25US$35.55
US$43.40
+22.1%
9.6%US$50.00US$34.00n/a10
Aug ’25US$36.25
US$44.70
+23.3%
7.9%US$50.00US$37.00n/a10
Jul ’25US$36.33
US$44.70
+23.0%
7.5%US$50.00US$37.00n/a10
Jun ’25US$35.64
US$44.20
+24.0%
8.2%US$49.00US$35.00n/a10
May ’25US$37.83
US$44.50
+17.6%
8.0%US$48.00US$35.00n/a10
Apr ’25US$38.90
US$41.40
+6.4%
10.3%US$48.00US$35.00US$35.8910
Mar ’25US$37.36
US$38.56
+3.2%
9.3%US$44.00US$31.00US$39.279
Feb ’25US$33.11
US$35.44
+7.1%
8.8%US$40.00US$31.00US$38.159
Jan ’25US$34.60
US$34.33
-0.8%
7.1%US$38.00US$31.00US$35.979
Dec ’24US$31.06
US$33.22
+7.0%
5.6%US$37.00US$31.00US$37.789
Nov ’24US$25.78
US$32.78
+27.1%
5.9%US$37.00US$30.00US$35.349
Oct ’24US$25.93
US$32.56
+25.6%
7.1%US$37.00US$28.00US$32.379
Sep ’24US$28.41
US$32.56
+14.6%
7.1%US$37.00US$28.00US$35.559
Aug ’24US$29.16
US$28.40
-2.6%
11.2%US$32.00US$21.00US$36.2510
Jul ’24US$27.26
US$27.70
+1.6%
10.7%US$32.00US$21.00US$36.3310
Jun ’24US$22.55
US$27.70
+22.8%
10.7%US$32.00US$21.00US$35.6410
May ’24US$22.68
US$27.40
+20.8%
11.0%US$32.00US$21.00US$37.8310
Apr ’24US$22.48
US$27.00
+20.1%
9.7%US$30.00US$21.00US$38.9010
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
US$45.20
Fair Value
20.3% undervalued intrinsic discount
10
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/23 23:05
End of Day Share Price 2025/04/23 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

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 Github.

Analyst Sources

APi Group Corporation is covered by 10 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
Andrew ObinBofA Global Research