APG
APi Group Corporation

APi Group CorporationAPG

Industrials · Engineering & Construction
37.76USD
+0.80%
Sep 23, 2026
APG overview ready
Provider of Fire and Security Installation with Recurring Inspection Revenue
APi is a field-services and installation provider for fire/life-safety and electronic-security systems, with recurring inspection, service, and monitoring revenue as well as project work in high-tech and critical-infrastructure facilities.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through Data Center Life-Safety and Physical Security Systems — infrastructure supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Economic downturn reducing construction and infrastructure spending.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 15

Conviction Level

NarrativeHeat9.5ThemeHeat7.3PriceAction5.4Valuation8.8CompanyPosition7.3
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$16.3B
Avg Volume (60D)
3.3M
60 sessions
Revenue Growth YoY
+12.7%
FY2025 vs FY2024
Gross Margin
+31.4%
Trailing twelve months
Operating Margin
+7.2%
Trailing twelve months
Free Cash Flow Yield
+4.1%
Distance from 200DMA
-9.9%
Next Earnings
2026-10-29
P/E
47.2x
EV / Sales
2.3x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
APi Group Corporation has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
APi is a field-services and installation provider for fire/life-safety and electronic-security systems, with recurring inspection, service, and monitoring revenue as well as project work in high-tech and critical-infrastructure facilities.
Opportunity
Moderate opportunity
AI and hyperscale data-center construction requires statutory fire detection, suppression, inspection, monitoring, electronic security, and related critical-facility systems before sites can be commissioned and operated.
Key risk
Economic downturn reducing construction and infrastructure spending.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of Data Center Life-Safety and Physical Security Systems, with moderate fit.
APi has a credible second-order exposure to AI data-center buildout because its Safety Services segment serves high-tech, advanced-manufacturing, and critical-infrastructure facilities with mandated fire/life-safety and security work.
Narrative HeatHot9.5 / 10
Theme HeatHeating up7.3 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Engineering & Construction
What they do

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty contracting services globally through two segments: Safety Services and Specialty Services.

How it earns

The company generates revenue primarily through project-based contracts and ongoing service agreements.

Products & services
Fire protection solutions
Electronic security systems
Elevator and escalator design, installation, inspection, service, and monitoring
Specialty contracting and fabrication services
Customers & end markets
High technology facilities
Advanced manufacturing
Healthcare
Fulfillment and distribution centers
Critical infrastructure
Market position

APi Group is a diversified service provider positioned as a leader in fire and life safety and specialty contracting services.

Demand drivers
Medium cyclicality

Business depends on construction and infrastructure spending cycles, which can fluctuate with economic conditions.