APi Group Corporation (APG) Financial Ratios
9 years of historical data (2017–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
23.48
↑+38% vs avg
5yr avg: 17.07
30Y Low15.5·High42.3
P/FCF
↓
27.62
+7% vs avg
5yr avg: 25.79
30Y Low6.7·High41.8
P/B Ratio
↑
5.17
↑+68% vs avg
5yr avg: 3.08
30Y Low2.0·High4.7
ROE
↑
9.5%
↓+59% vs avg
5yr avg: 6.0%
30Y Low-13%·High15%
Debt/EBITDA
↓
3.73
↓-21% vs avg
5yr avg: 4.70
30Y Low2.2·High15.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
APG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
APi Group Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 27.6x P/FCF, 7% above the 5-year average of 25.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.3B | $15.9B | $9.6B | $8.1B | $5.0B | $5.3B | $3.1B | — | — | — |
| Enterprise Value | $20.7B | $18.3B | $12.2B | $10.2B | $7.4B | $6.0B | $4.1B | — | — | — |
| P/E Ratio → | -61.36 | — | — | — | 172.49 | — | — | — | — | — |
| P/S Ratio | 2.31 | 2.01 | 1.37 | 1.17 | 0.76 | 1.35 | 0.86 | — | — | — |
| P/B Ratio | 5.17 | 4.67 | 3.26 | 2.84 | 2.35 | 2.28 | 1.97 | — | — | — |
| P/FCF | 27.62 | 24.01 | 17.96 | 19.01 | 26.20 | 41.75 | 6.72 | — | — | — |
| P/OCF | 24.13 | 20.97 | 15.53 | 15.83 | 18.54 | 29.13 | 6.20 | — | — | — |
P/E links to full P/E history page with 30-year chart
APG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
APi Group Corporation's enterprise value stands at 23.5x EBITDA, 38% above its 5-year average of 17.1x. The Industrials sector median is 13.7x, placing the stock at a 71% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.31 | 1.73 | 1.48 | 1.13 | 1.52 | 1.14 | — | — | — |
| EV / EBITDA | 23.48 | 20.76 | 15.48 | 15.46 | 15.94 | 17.71 | 42.30 | — | — | — |
| EV / EBIT | 37.34 | 33.02 | 25.56 | 27.14 | 34.07 | 43.07 | — | — | — | — |
| EV / FCF | — | 27.59 | 22.69 | 23.91 | 38.89 | 47.14 | 8.96 | — | — | — |
APG Profitability
Margins and return-on-capital ratios measuring operating efficiency
APi Group Corporation earns an operating margin of 7.0%, above the Industrials sector average of 4.3%. Operating margins have expanded from 5.2% to 7.0% over the past 3 years, signaling improving operational efficiency. ROE of 9.5% is modest. ROIC of 7.4% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.4% | 31.4% | 31.0% | 28.0% | 26.1% | 23.8% | 21.1% | 20.1% | 21.1% | 21.8% |
| Operating Margin | 7.0% | 7.0% | 6.9% | 5.2% | 2.5% | 3.5% | -4.6% | -16.3% | 4.3% | 4.0% |
| Net Profit Margin | 3.8% | 3.8% | 3.6% | 2.2% | 1.1% | 1.2% | -4.3% | -15.5% | 3.6% | 3.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 8.6% | 6.1% | 3.3% | 2.4% | -9.2% | -12.8% | 14.6% | 9.1% |
| ROA | 3.5% | 3.5% | 3.2% | 2.0% | 1.1% | 1.0% | -3.8% | -5.1% | 8.3% | 9.1% |
| ROIC | 7.4% | 7.4% | 6.9% | 5.7% | 3.2% | 3.6% | -4.6% | -6.0% | 10.2% | 7.6% |
| ROCE | 8.5% | 8.5% | 8.0% | 6.0% | 3.1% | 3.6% | -5.2% | -7.6% | 14.3% | 10.0% |
APG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
APi Group Corporation carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (15% above the sector average of 3.2x). Net debt stands at $2.4B ($3.3B total debt minus $912M cash). Interest coverage of 3.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.96 | 0.96 | 1.03 | 0.90 | 1.42 | 0.81 | 0.99 | 0.75 | 0.95 | — |
| Debt / EBITDA | 3.73 | 3.73 | 3.86 | 3.89 | 6.50 | 5.54 | 15.90 | — | 2.21 | — |
| Net Debt / Equity | — | 0.70 | 0.86 | 0.73 | 1.14 | 0.29 | 0.66 | 0.60 | 0.86 | -0.02 |
| Net Debt / EBITDA | 2.70 | 2.70 | 3.23 | 3.16 | 5.20 | 2.03 | 10.59 | — | 2.01 | -0.15 |
| Debt / FCF | — | 3.58 | 4.73 | 4.89 | 12.69 | 5.39 | 2.24 | 7.60 | 14.37 | -0.24 |
| Interest Coverage | 3.93 | 3.93 | 3.26 | 2.60 | 1.74 | 2.32 | -2.54 | -9.07 | 7.64 | -0.23 |
APG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.50x means APi Group Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.43x to 1.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.41 | 1.43 | 1.38 | 3.03 | 1.71 | 1.63 | 1.14 | 76856.56 |
| Quick Ratio | 1.43 | 1.43 | 1.33 | 1.35 | 1.30 | 2.95 | 1.63 | 1.56 | 1.09 | 76856.56 |
| Cash Ratio | 0.42 | 0.42 | 0.26 | 0.27 | 0.31 | 1.37 | 0.61 | 0.31 | 0.05 | 76856.00 |
| Asset Turnover | — | 0.89 | 0.86 | 0.91 | 0.81 | 0.76 | 0.88 | 0.25 | 1.83 | 2.48 |
| Inventory Turnover | 37.41 | 37.41 | 33.85 | 33.25 | 29.72 | 43.49 | 44.23 | 13.57 | 52.52 | — |
| Days Sales Outstanding | — | 72.11 | 98.66 | 96.47 | 98.62 | 91.16 | 79.47 | 361.29 | 98.40 | — |
APG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
APi Group Corporation returns 0.4% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 54.4% | 99.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.6% | — | — | — | — | — |
| FCF Yield | 3.6% | 4.2% | 5.6% | 5.3% | 3.8% | 2.4% | 14.9% | — | — | — |
| Buyback Yield | 0.4% | 0.5% | 6.2% | 0.5% | 0.9% | 0.0% | 1.0% | — | — | — |
| Total Shareholder Yield | 0.4% | 0.5% | 6.2% | 0.5% | 0.9% | 0.0% | 1.0% | — | — | — |
| Shares Outstanding | — | $416M | $402M | $353M | $399M | $309M | $254M | $261M | $175M | $121M |
Peer Comparison
Compare APG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 APGYou | $18B | -61.4 | 23.5 | 27.6 | 31.4% | 7.0% | 9.5% | 7.4% | 3.7 |
 MYRG | $7B | 59.2 | 30.1 | 29.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 PWR | $106B | 104.1 | 43.1 | 65.5 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $29B | 71.6 | 28.7 | 100.1 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 WLDN | $1B | 27.6 | 23.2 | 20.6 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 CTOS | $2B | -76.1 | 11.8 | — | 18.9% | 7.3% | -3.7% | 3.3% | 5.9 |
 FIX | $66B | 65.0 | 45.3 | 64.0 | 24.1% | 14.4% | 49.2% | 53.0% | 0.5 |
 ABM | $3B | 17.7 | 9.9 | 17.3 | 11.7% | 3.7% | 9.1% | 7.5% | 3.9 |
 TTEK | $7B | 30.6 | 12.4 | 16.9 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 PRIM | $5B | 19.7 | 12.0 | 15.7 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 EME | $37B | 29.2 | 19.7 | 30.8 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
| Industrials Median | — | 25.8 | 13.7 | 20.3 | 31.8% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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Compare NowAPG — Frequently Asked Questions
Quick answers to the most common questions about buying APG stock.
What is APi Group Corporation's P/E ratio?
APi Group Corporation's current P/E ratio is -61.4x. The historical average is 172.5x.
What is APi Group Corporation's EV/EBITDA?
APi Group Corporation's current EV/EBITDA is 23.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.3x.
What is APi Group Corporation's ROE?
APi Group Corporation's return on equity (ROE) is 9.5%. The historical average is 3.5%.
Is APG stock overvalued?
Based on historical data, APi Group Corporation is trading at a P/E of -61.4x. Compare with industry peers and growth rates for a complete picture.
What are APi Group Corporation's profit margins?
APi Group Corporation has 31.4% gross margin and 7.0% operating margin.
How much debt does APi Group Corporation have?
APi Group Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.