APi Group (APG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

APi Group

NYSE•Industrials•Engineering & Construction

$39.45+0.65(0.02%)Pre-market

Market Cap

$19.52B

P/E

53.2x

P/S

2.2x

P/B

5.6x

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.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability16/25

Growth22/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 53.2x5y range 38.6x – 170.4x

Currently near its 20-quarter median.

P/S · 2.2x5y range 1.2x – 2.2x

Currently above its 20-quarter median.

P/B · 5.6x5y range 3.1x – 5.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 7.3% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $19.52B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.91B
Q. Revenue: $2.55B
TTM EBITDA: $729.00M
TTM Op. Income: $644.00M
Q. Op. Income: $202.00M
TTM Net Income: $367.00M
Q. Net Income: $114.00M
EPS: $0.24
Shares Out.: $430.87M

$8.91B in TTM revenue grew 16.4% YoY, reaching $2.55B last quarter. TTM EBITDA of $729.00M and TTM operating income of $644.00M show growth is flowing through to the bottom line. TTM net income of $367.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 30.1%
EBITDA Margin: 8.7%
Op. Margin: 7.9%
Net Margin: 4.5%

Op. margin of 7.9% is up 0.1% YoY — cost efficiency is improving. Net margin at 4.5% and gross margin of 30.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 53.2x
P/S Ratio: 2.2x
P/B Ratio: 5.6x

At 53.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.2x and P/B of 5.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 1% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.28B
Cash: $373.00M
Long-Term Debt: $3.21B
Book Value: $3.49B
D/E Ratio: 0.9
Debt/EBITDA: 14.4

With $10.28B in assets and $3.21B in long-term debt, D/E is 0.9and book value is $3.49B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $225.00M
TTM Free Cash Flow: $673.00M
FCF Margin: 7.6%
FCF / Net Income: 1.8

TTM FCF of $673.00M on $225.00M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.