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APi Group APG Price / book

Price / book at other companies

EMCOR Group logo
EMCOR GroupEME
8.5×+2.8×
Johnson Controls International logo
Johnson Controls InternationalJCI
5.9×+2.6×
Comfort Systems USA logo
Comfort Systems USAFIX
17.2×+10.8×
Carrier Global logo
Carrier GlobalCARR
3.4×-0.4×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
22.6×+12.3×
nVent Electric plc logo
nVent Electric plcNVT
+2.6×

Other financials

Income statement

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Revenue$2.0B+15.3%
Gross profit$620.0M+14.4%
Operating income$103.0M+22.6%
Net income$57.0M+62.9%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$645.0M+39.9%
Total debt$2.8B+0.2%
Total equity$3.5B+16.9%
Total assets$9.0B+10.7%

Cash flow

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Operating cash flow$85.0M+37.1%
CapEx$18.0M+50.0%
Free cash flow$67.0M+34.0%

Valuation

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Market cap$18.11B+76.1%
Enterprise value$20.23B+60.4%
P/E55.9×+13.1×
P/S2.2×+0.8×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp

Returns & leverage

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Return on equity10%+0.9pp
Debt / equity0.8×-0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from APi Group’s reported figures.

Based on the most recent quarter.

The official record: APi Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is APi Group's price / book?
APi Group (APG) reported price / book of 5× in Q1 2026.
How has APi Group's price / book changed year-over-year?
APi Group's price / book increased by 50.7% year-over-year, from 3.3× to 5×.
What is the long-term trend for APi Group's price / book?
Over 4 years (2021 to 2025), APi Group's price / book has grown at a 16.2% compound annual growth rate (CAGR), from 9.2× to 16.8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.