EMCOR Group, Inc. (EME) Valuation — DCF, Graham & Comparables

EMCOR Group, Inc. (EME) — Price $679.55 (closing price, October 30, 2026) — Industrials — Engineering & Construction — NYSE

Latest reported results:

Valuation dashboard for EMCOR Group, Inc. (EME) with P/E 19.65, P/B 7.01, EV/EBITDA 12.3 and dividend yield 0.24%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.

EMCOR Group, Inc. specializes in delivering comprehensive electrical and mechanical construction services, alongside integrated facilities management solutions, primarily serving clients across the United States and the United Kingdom. The company's construction expertise spans the entire project lifecycle, encompassing initial design and integration through installation, commissioning, operation, and ongoing maintenance.

What would it be worth at its usual multiples?

Versus its usual multiples: fairly priced · Current P/E 19.6× · Multiples range: $735.69 · $893.89.

At the decade median (21.3×) $736 (+8 %); at its sector median (25.9×) $894 (+32 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

EMCOR Group, Inc. reported revenue of $16.99B in the most recent fiscal year, growing at a 5-year CAGR of 14.1%. Net income reached $1.27B, with a 57.1% 5-year CAGR.

Trailing-twelve-month margins: gross margin 19.8%, operating margin 10.2%, net margin 7.8%.

At $679.55 (closing price, October 30, 2026), EME trades at a P/E of 19.65 and an ROE of 38.78%. Market capitalisation stands at $30.0B, placing it among large-cap names.

Balance sheet quality for EME: debt-to-equity ratio of 0.13, current ratio of 1.17 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio19.65
Price / Book7.01
EV / EBITDA12.3
Dividend Yield0.24%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
EMEEMCOR Group, Inc.$30.0B19.657.0138.8%
IESCIES Holdings, Inc.$8.3B18.296.6844.0%
LGNLegence Corp. Class A Common stock$5.4B4.92-9.6%
MYRGMYR Group Inc.$4.4B22.985.3826.3%
PWRQuanta Services, Inc.$93.3B56.238.8717.7%
FIXComfort Systems USA, Inc.$43.4B26.6112.9855.2%
MTZMasTec, Inc.$14.9B30.403.6314.0%
APGAPi Group Corporation$19.0B5.4810.6%

Price

Price$679.55 (closing price, October 30, 2026)
Market Cap$30.0B
ExchangeNYSE
CountryUS

Profitability

Return on Equity38.78%
Return on Invested Capital27.00%
Return on Assets13.71%
Gross Margin19.81%
Operating Margin10.22%
Net Margin7.77%

Related companies: IESC · LGN · MYRG · PWR · FIX · MTZ · APG · PRIM

Explore sector: Industrials · Engineering & Construction

More sections of EME: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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