APi Group APG
United StatesIndustrials · Engineering & ConstructionUSD
52.36 USD (+30.2%)
11 analysts
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APi Group Corporation is a global provider of fire safety services, security solutions, and specialized construction services, operating through recurring service contracts and projects for commercial, industrial, and institutional clients.
Key points
from its scores- ✓Strong growth7.6
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop3.6
- ✕Demanding valuation4.9
AI analysis
bottom line, main risk, context and newsGrowth is attractive and the business is defensive, but valuation is not cheap and leverage (Debt/Equity 109%) limits flexibility in a rising rate environment.
APi Group shows solid growth (revenue +13.3%, earnings +25%) with acceptable financial health (Net Debt/EBITDA of 2.77), although its valuation (forward P/E 20.18, EV/EBITDA 19.34) offers no margin of safety and its dividend yield is nil.
The main risk is financial leverage (Debt/Equity of 109%) in a rising US interest rate environment, which makes debt refinancing more expensive and could compress margins if growth slows.
Context and risks
APi Group has no recent relevant news. Its fire safety services and construction solutions business is defensive in nature, with limited exposure to current macro factors. The rise in US interest rates could affect its financing costs, but its Net Debt/EBITDA ratio of 2.77 is not extreme and its operations do not depend on commodities or conflict maritime routes.
Is APi Group stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 33% above the Industrials median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 19.3 | 14.5 | +33% |
| Price / book | 4.8 | 4.1 | +17% |
| Price / sales | 2.1 | 2.1 | +0% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.9 out of 10 (median for Industrials: 5.0).
Average analyst target: 52.36 USD, +30.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.3 (sector 5.8), Growth 7.6 (sector 6.6).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- Forward P/E
- 20.2
- EV / EBITDA
- 19.3
- Price / book
- 4.8
- Price / sales
- 2.1
- PEG
- 0.81
- Market cap
- 17.4B USD
- Enterprise value
- 20.9B USD
Profitability
- ROE
- 10.3%
- ROA
- 5.0%
- ROIC (approx.)
- 10.2%
- Gross margin
- 31.4%
- Operating margin
- 9.1%
- Net margin
- 4.1%
- Free cash flow
- 648.6M USD
- FCF yield
- 3.7%
- Cash conversion
- 60%
Solvency
- Total debt
- 3.8B USD
- Net debt
- 3.0B USD
- Cash
- 851.0M USD
- EBITDA
- 1.1B USD
- Net debt / EBITDA
- 2.77
- Debt / equity
- 109.27
- Current ratio
- 1.39
- Quick ratio
- 1.25
Growth
- Revenue growth
- +13.3%
- Earnings growth
- +25.0%
- EPS (TTM)
- −0.61 USD
- EPS (forward)
- 1.99 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.58
- Analyst consensus
- Strong buy (11)
- Target price
- 52.36 USD
- 52-week range
- 33.52 – 49.99
Recent news
All APG news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about APi Group
Is APi Group stock cheap or expensive?
On EV / EBITDA, it trades 33% above the Industrials median. Valuation score: 4.9 out of 10 (median for Industrials: 5.0). Average analyst target: 52.36 USD, +30.2% versus the price. This is not investment advice.
What score does APi Group get on MeridIAn Screener?
It scores 4.9 out of 10, rank 1,722 of 2,130 (better than 17% of the companies analysed). Its strongest category is Growth (7.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
How much is APi Group worth on the stock market?
Its market capitalisation is 17.4B USD and its enterprise value, debt included, is 20.9B USD.
How much debt does APi Group have?
Its net debt (debt minus cash) is 3.0B USD. That is 2.77 times its EBITDA; the Industrials median is 1.58.
Does APi Group pay a dividend?
It pays no dividend, or almost none.
How has APi Group stock performed over the last year?
It has risen 18.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 33.52 and 49.99 USD. Past performance does not guarantee future results.
What do analysts think of APi Group?
11 analysts cover it; their average recommendation is “Strong buy” and their average target is 52.36 USD (+30.2% versus the price). It is an estimate, not market data.