APi Group Corporation
APG
$41.78
-1.35%
APi Group Corporation is a leading provider of safety services and specialty contracting, operating primarily in the Engineering & Construction industry within the Industrials sector. The company's core business is divided into two segments: Safety Services, which offers end-to-end integrated occupancy systems like fire protection and HVAC, and Specialty Services, which provides critical infrastructure maintenance and repair. APi Group is a significant player in North America, Europe, and Asia Pacific, serving a diverse range of commercial, industrial, and institutional end markets. The current investor narrative revolves around the company's post-acquisition integration and operational execution, with recent financial trends showing solid revenue growth and improving profitability, positioning it as a potential compounder in the essential services space.…
APG
APi Group Corporation
$41.78
APG 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on APi Group Corporation's 12-month outlook, with a consensus price target around $54.31 and implied upside of +30.0% versus the current price.
Average Target
$54.31
4 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
4
covering this stock
Price Range
$33 - $54
Analyst target range
APG is covered by a limited set of 4 analysts, indicating it is a mid-cap stock with room for increased institutional coverage. The consensus sentiment is uniformly bullish, with all recent institutional ratings—from firms like Barclays, RBC Capital, Truist, UBS, and Citigroup—being Buy or Outperform equivalents, and no downgrades in the provided data. The average target price implied by earnings estimates suggests a consensus EPS of $2.09 for the coming period. Based on a forward PE of 21.87x, this translates to an implied target price of approximately $45.74, offering a potential upside of about 7.5% from the current price of $42.54. The target range, derived from EPS estimates, spans from a low of $2.05 to a high of $2.14, indicating a relatively tight spread of less than 5%. This narrow range suggests strong analyst conviction in the company's near-term earnings trajectory. The high-end target likely assumes continued execution on growth initiatives and margin expansion, while the low end may factor in potential macroeconomic headwinds or integration challenges. The consistent 'Buy' ratings from major firms reinforce a positive outlook, though the limited number of analysts means price discovery may be less efficient than for larger caps.
APG Technical Analysis
APG is in a sustained uptrend, evidenced by a strong 1-year price change of 30.36%, significantly outperforming the SPY's 24.99% gain. The stock closed at $42.54, which positions it approximately 57% above its 52-week low of $32.7 and 15% below its 52-week high of $49.99. This positioning near the upper end of its range suggests the stock retains positive momentum but is not yet at extreme overbought levels, indicating room for further appreciation if fundamentals support it. Recent momentum shows a divergence, with a 1-month gain of 3.40% underperforming the SPY's 0.74% rise, while the 3-month gain of 7.70% lags the SPY's 15.14% surge. This short-term underperformance relative to the market, despite a strong longer-term trend, could signal a period of consolidation or a healthy pullback within the broader uptrend, allowing the stock to digest its prior gains. Key technical support is anchored at the 52-week low of $32.7, while immediate resistance sits at the recent high of $49.99. A decisive breakout above $50 would signal a resumption of the primary bull trend, whereas a breakdown below the $32.7 level would invalidate the uptrend. The stock's beta of 1.61 indicates it is approximately 61% more volatile than the broader market, which is a critical consideration for risk management and position sizing, especially during periods of market stress.
Beta
1.61
1.61x market volatility
Max Drawdown
-17.8%
Largest decline past year
52-Week Range
$33-$50
Price range past year
Annual Return
+26.3%
Cumulative gain past year
| Period | APG Return | S&P 500 |
|---|---|---|
| 1m | +2.9% | -1.7% |
| 3m | -0.6% | +13.7% |
| 6m | +7.2% | +9.2% |
| 1y | +26.3% | +20.7% |
| ytd | +7.2% | +9.4% |
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APG Fundamental Analysis
APG's revenue trajectory is positive, with the most recent Q4 2025 revenue of $2.117 billion representing a 13.76% year-over-year growth. This growth is consistent with a multi-quarter trend of expansion, as revenue increased sequentially from $1.719 billion in Q1 to $2.117 billion in Q4. The Safety Services segment, contributing $1.424 billion, is the primary growth driver, while the smaller Specialty Contracting segment added $333 million. This steady top-line growth underscores the company's resilient demand profile across its end markets. The company is profitable, reporting net income of $97 million for Q4 2025, with a gross margin of 32.03% and an operating margin of 7.75%. Profitability has improved throughout the year, with net income growing from $35 million in Q1 to $97 million in Q4, and gross margins expanding from 31.53% in Q1 to 32.03% in Q4. This demonstrates effective cost management and operating leverage as the business scales. Financially, APG is healthy with a current ratio of 1.50, indicating sufficient short-term liquidity, and a debt-to-equity ratio of 0.96, reflecting a balanced capital structure. The company generated robust free cash flow of $663 million over the trailing twelve months and an ROE of 8.86%. This strong cash generation provides ample flexibility to fund organic growth, pay down debt, or return capital to shareholders, reducing financial risk.
Quarterly Revenue
$2.1B
2025-12
Revenue YoY Growth
+0.13%
YoY Comparison
Gross Margin
+0.32%
Latest Quarter
Free Cash Flow
$663000000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is APG Overvalued?
Given the company's positive net income of $97 million in the latest quarter, the primary valuation metric selected is the Price-to-Earnings (PE) ratio. The trailing PE ratio is reported at -55.45, which is distorted by a negative EPS figure in the quarterly data; however, the forward PE ratio is a more meaningful 21.87x, based on estimated future earnings. This forward multiple reflects the market's expectation of normalized profitability and growth ahead. Compared to industry averages, APG's forward PE of 21.87x trades at a premium; for context, its Price-to-Sales (PS) ratio of 2.01x and EV/EBITDA of 20.76x also suggest a valuation above typical industrial services peers. This premium is likely justified by the company's superior growth profile (13.8% YoY revenue growth), improving margins, and its leading market position in essential safety services, which command higher multiples due to their defensive nature. Historically, the stock's own valuation has expanded significantly; its current PS ratio of 2.01x is near the lower end of its recent historical range, which has seen PS ratios as high as 7.52x in late 2025. This suggests the current valuation, while at a sector premium, is not at historical extremes and may have room for multiple expansion if the company continues to execute on its growth and margin improvement plans.
PE
-55.4x
Latest Quarter
vs. Historical
Mid-Range
5-Year PE Range -174x~97x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
20.8x
Enterprise Value Multiple

