EMCOR Group Inc (EME)
Fair ValueFundamental
74
Price
$752.31
Market Cap
$33.77B
Part 1 · What the company is worth
Overview
EMCOR Group, Inc. provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, startup, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and piping systems; control and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging; millwright; and steel fabrication, erection, and welding services. The company also provides site-based operations and maintenance; facility management and maintenance; energy retrofit; military base operations support; indoor air quality; floor care and janitorial; landscaping, lot sweeping, and snow removal; vendor management and call center; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic; infrastructure and building projects; modification and retrofit projects; and reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; technical; instrumentation, controls, and electrical; electrical panel design, fabrication, and installation; on-site repair and maintenance; and renewable energy services, as well as design, manufacturing, repair, and hydro blast cleaning services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Named by EMCOR in its own 10-K, it bids for the same US mechanical and electrical installation and service contracts on data centers, healthcare, manufacturing and institutional buildings.
A US electrical contractor listed by EMCOR among its larger rivals, competing for the same commercial, industrial and data-centre electrical installation work.
Cited by EMCOR as a competitor: its life-safety and specialty contracting branches sell installation and recurring building-systems service to the same owners and facility managers.
Its commercial and industrial segment competes head-on with EMCOR for large electrical construction packages on data centers, transportation hubs and industrial plants.
Listed by EMCOR among its larger competitors, it bids for the same heavy electrical construction work for utilities, renewable-energy and industrial clients.
Spun off from MDU Resources in 2024, its electrical and mechanical contracting arm chases the same US commercial and industrial construction customers EMCOR serves.
Balance Sheet & Liquidity
Revenue
$18.60B
Trailing 12 months (through 6/30/2026)
Net Income
$1.44B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.19B
Total Equity
$3.67B
Total Liabilities
$5.62B
Current Ratio
1.28
Interest Coverage
142.55
Debt/EBITDA
0.28
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$980.12
Current Price
$752.31
Margin of Safety
+23.2%
Fair Value Range
$645.48 - $1314.75
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
23.50
ROE
34.6%
P/B Ratio
8.16
P/FCF
28.41
Gross Margin
19.4%
ROIC
30.9%
Profitability Radar
Value Creation (Economic Moat)
ROIC
30.9%
WACC
10.7%
ROIC − WACC
+20.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (22)
- EPS shows upward trend
- EPS CAGR 14.77%
- Price CAGR 27.14%
- ROIC 30.9%
- P/FCF 28.41
- Debt/Equity ratio
- Operating Margin 10.4%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 38.5%
- Revenue Growth 5Y 14.1%
- Analyst Consensus 73% Buy
- Earnings Surprise avg 20.5%
- PEG Ratio 0.36
- Earnings Quality (OCF/NI) 0.90
- Share Dilution -3.5%
- Net Margin Trend 7.7% vs 7.1%
- Piotroski F-Score 7/9
Failed (5)
- Gross Margin 19.4%
- P/B Ratio 8.16
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Strong financial health
Earnings Quality
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Anthony J. Guzzi | Chairman, President & CEO | 61 |
| Mr. Jason R. Nalbandian | Senior VP, CFO & Chief Accounting Officer | 37 |
| Ms. Maxine Lum Mauricio Esq. | Chief Administrative Officer, Executive VP, General Counsel & Corporate Secretary | 53 |
| Mr. Steven H. Fried | Vice President of Compliance | - |
| Ms. Susan N. Masters Esq. | VP of Human Resources & Assistant General Counsel | - |
| Ms. Laura M. D'Entrone | VP & Chief Information Security Officer | - |
| Mr. Douglas R. Harrington Jr. | President & CEO of EMCOR Industrial Services | - |
| Mr. Kostas Christakos | Treasurer | - |
| Mr. Daniel Fitzgibbons | President & CEO of EMCOR Electrical Construction Services | - |
| Mr. Robert Lind | VP & Controller | - |
Audit Risk
2
Board Risk
6
Compensation Risk
6
Shareholder Rights Risk
5
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-26
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-30
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-07-31
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for EME, sourced from Markets Gazette.
- 3/10/2026NEUTRALEMCOR Group Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
EMCOR Group Inc. has received mixed analyst ratings, with a recent upgrade from DA Davidson in February 2022 moving its rating from Neutral to Buy. Prior to this, Stifel maintained a Buy rating in November 2021, and DA Davidson had maintained a Neutral rating in July 2021. This collection of ratings suggests a generally positive but not uniformly bullish outlook on the company's stock. Investors should consider these diverse perspectives when evaluating potential investment opportunities in EMCOR Group.
- 3/2/2026POSITIVEHere's How Much $1000 Invested In EMCOR Group 10 Years Ago Would Be Worth Today
A retrospective analysis highlights the remarkable performance of EMCOR Group (EME) over the past decade, underscoring its long-term growth potential for investors. An initial investment of $1000 in EMCOR shares ten years ago would today be worth significantly more, a testament to the company's robustness and ability to generate value. This historical performance emphasizes the effectiveness of its business strategies and its resilience over time, making it an intriguing case study for those considering investments in the infrastructure and technical services sectors. The company, a leader in construction and maintenance services, demonstrates how prudent management can translate into consistent shareholder returns.
via Markets Gazette