APG
APi Group Corporation

APi Group CorporationAPG

Industrials · Engineering & Construction
40.87USD
+1.34%
Nov 08, 2026
APG overview ready
Provider of Fire and Security Systems for Critical Infrastructure
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.
Theme not measured
Electrical & Mechanical Contractors has no leadership state this session.
Price action is under distribution
Longer-term context reads established trend, with a near-term setup of failed reclaim.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Ev / sales is strong.
Primary risk
Exposure to construction and infrastructure spending cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 15

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.9BusinessPerformance7.0BusinessQuality6.3Valuation8.8ThemeMomentum—Improving — Revenue growth has accelerated, rising from +13% to +23% year over year. Diluted EPS is up 20% year over year ($0.24), but growth has slowed from +71%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Electrical & Mechanical Contractors — Electrical & Mechanical Contractors has only one or two priced members — no leadership state
Its economic family, Power Infrastructure, reads Lagging (−12.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price action is under distribution
Longer-term context reads established trend, with a near-term setup of failed reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$17.4B
Avg Volume (60D)
3.5M
60 sessions
Revenue Growth YoY
+12.7%
FY2025 vs FY2024
Gross Margin
+31.1%
Trailing twelve months
Operating Margin
+7.2%
Trailing twelve months
Free Cash Flow Yield
+3.9%
Distance from 200DMA
-2.6%
P/E
47.4x
EV / Sales
2.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated, rising from +13% to +23% year over year. Diluted EPS is up 20% year over year ($0.24), but growth has slowed from +71%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+23%
$2.55B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +14%
  2. +15%
  3. +13%
  4. +23%
Earnings growthSlowing
+20%
Diluted EPS $0.24 vs $0.20 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +71%
  3. +25%
  4. +20%
Operating marginStable
7.9%
+0.1 pp YoY · gross margin 30.1% (-1.1 pp)

Business Quality

6.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

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
Exposure to construction and infrastructure spending cycles.

Economic classification

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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, operating through Safety Services and Specialty Services segments.

How it earns

The company generates revenue through a mix of project-based work and recurring inspection, service, and monitoring contracts.

Products & services
Fire protection solutions
Electronic security systems
Elevator and escalator design and service
Life safety system installation and monitoring
Customers & end markets
High-tech facilities
Advanced manufacturing
Healthcare
Fulfillment and distribution centers
Critical infrastructure
Market position

Leader in fire/life-safety and electronic-security field services and installation for critical infrastructure and high-tech markets.

Demand drivers
Medium cyclicality

Business is influenced by construction and infrastructure investment cycles but supported by recurring service contracts.

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