EMCOR Group, Inc. (EME) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
20.05
↑+68% vs avg
5yr avg: 11.96
30Y Low3.4·High14.8
P/FCF
↓
31.33
↑+69% vs avg
5yr avg: 18.53
30Y Low4.6·High39.0
P/B Ratio
↑
10.26
↑+99% vs avg
5yr avg: 5.14
30Y Low1.3·High7.5
ROE
↑
38.4%
↓+36% vs avg
5yr avg: 28.2%
30Y Low-7%·High38%
Debt/EBITDA
↓
0.46
↓-15% vs avg
5yr avg: 0.54
30Y Low0.0·High23.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EME Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
EMCOR Group, Inc. trades at 29.7x earnings, 56% above its 5-year average of 19.1x, sitting at the 93rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 16%. On a free-cash-flow basis, the stock trades at 31.3x P/FCF, 69% above the 5-year average of 18.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $37.3B | $27.6B | $21.2B | $10.2B | $7.4B | $6.9B | $5.1B | $4.9B | $3.5B | $4.9B | $4.3B |
| Enterprise Value | $37.0B | $27.3B | $20.3B | $9.8B | $7.5B | $6.6B | $4.7B | $5.1B | $3.4B | $4.7B | $4.3B |
| P/E Ratio → | 29.68 | 21.70 | 21.09 | 16.19 | 18.29 | 18.04 | 38.11 | 15.01 | 12.31 | 21.40 | 23.82 |
| P/S Ratio | 2.19 | 1.62 | 1.46 | 0.81 | 0.67 | 0.70 | 0.58 | 0.53 | 0.43 | 0.63 | 0.57 |
| P/B Ratio | 10.26 | 7.50 | 7.23 | 4.15 | 3.76 | 3.07 | 2.47 | 2.37 | 2.00 | 2.91 | 2.82 |
| P/FCF | 31.33 | 23.17 | 15.94 | 12.48 | 16.55 | 24.50 | 6.68 | 15.87 | 15.33 | 14.70 | 19.26 |
| P/OCF | 28.61 | 21.17 | 15.09 | 11.39 | 14.91 | 21.72 | 6.29 | 13.71 | 12.87 | 13.31 | 16.37 |
P/E links to full P/E history page with 30-year chart
EME EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
EMCOR Group, Inc.'s enterprise value stands at 20.1x EBITDA, 68% above its 5-year average of 12.0x. The Industrials sector median is 13.9x, placing the stock at a 45% 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.61 | 1.39 | 0.78 | 0.68 | 0.67 | 0.53 | 0.55 | 0.42 | 0.61 | 0.57 |
| EV / EBITDA | 20.05 | 14.80 | 13.70 | 9.85 | 11.14 | 10.33 | 12.93 | 9.20 | 7.07 | 11.30 | 11.09 |
| EV / EBIT | 22.13 | 15.03 | 14.67 | 11.01 | 13.12 | 12.41 | 17.99 | 10.95 | 8.37 | 14.23 | 13.88 |
| EV / FCF | — | 22.95 | 15.20 | 11.94 | 16.73 | 23.50 | 6.20 | 16.56 | 15.03 | 14.23 | 19.07 |
EME Profitability
Margins and return-on-capital ratios measuring operating efficiency
EMCOR Group, Inc. earns an operating margin of 9.8%, above the Industrials sector average of 4.3%. Operating margins have expanded from 7.0% to 9.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 38.4% is exceptionally high — well above the sector median of 8.2%. ROIC of 46.8% represents excellent 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6% | 19.6% | 19.0% | 16.6% | 14.5% | 15.2% | 15.9% | 14.8% | 14.8% | 14.9% | 13.7% |
| Operating Margin | 9.8% | 9.8% | 9.2% | 7.0% | 5.1% | 5.4% | 2.9% | 5.0% | 5.0% | 4.3% | 4.1% |
| Net Profit Margin | 7.5% | 7.5% | 6.9% | 5.0% | 3.7% | 3.9% | 1.5% | 3.5% | 3.5% | 3.0% | 2.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 38.4% | 38.4% | 37.2% | 28.5% | 19.2% | 17.8% | 6.5% | 17.1% | 16.6% | 14.1% | 12.1% |
| ROA | 14.7% | 14.7% | 14.1% | 10.4% | 7.4% | 7.3% | 2.7% | 7.3% | 7.0% | 5.8% | 4.9% |
| ROIC | 46.8% | 46.8% | 50.8% | 32.2% | 21.1% | 21.8% | 9.7% | 17.5% | 19.0% | 16.4% | 16.4% |
| ROCE | 40.3% | 40.3% | 40.4% | 29.9% | 19.3% | 17.8% | 8.9% | 17.6% | 17.3% | 14.0% | 13.6% |
EME Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
EMCOR Group, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (86% below the sector average of 3.2x). The company holds a net cash position — cash of $1.1B exceeds total debt of $844M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.12 | 0.14 | 0.27 | 0.24 | 0.26 | 0.28 | 0.17 | 0.19 | 0.28 |
| Debt / EBITDA | 0.46 | 0.46 | 0.24 | 0.35 | 0.79 | 0.84 | 1.47 | 1.03 | 0.61 | 0.74 | 1.09 |
| Net Debt / Equity | — | -0.07 | -0.34 | -0.18 | 0.04 | -0.12 | -0.18 | 0.10 | -0.04 | -0.09 | -0.03 |
| Net Debt / EBITDA | -0.15 | -0.15 | -0.67 | -0.45 | 0.12 | -0.44 | -1.01 | 0.38 | -0.14 | -0.38 | -0.11 |
| Debt / FCF | — | -0.23 | -0.74 | -0.54 | 0.18 | -0.99 | -0.48 | 0.69 | -0.30 | -0.47 | -0.18 |
| Interest Coverage | — | — | 365.48 | 51.75 | 43.33 | 88.19 | 29.01 | 33.62 | 30.17 | 25.96 | 24.48 |
Net cash position: cash ($1.1B) exceeds total debt ($844M)
EME Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.22x means EMCOR Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.22 | 1.22 | 1.30 | 1.26 | 1.26 | 1.44 | 1.44 | 1.37 | 1.38 | 1.38 | 1.46 |
| Quick Ratio | 1.19 | 1.19 | 1.27 | 1.23 | 1.23 | 1.41 | 1.42 | 1.35 | 1.35 | 1.36 | 1.44 |
| Cash Ratio | 0.23 | 0.23 | 0.32 | 0.22 | 0.17 | 0.35 | 0.42 | 0.19 | 0.21 | 0.28 | 0.31 |
| Asset Turnover | — | 1.77 | 1.89 | 1.90 | 2.00 | 1.82 | 1.74 | 1.90 | 1.99 | 1.94 | 1.94 |
| Inventory Turnover | 108.22 | 108.22 | 123.36 | 94.73 | 110.61 | 155.31 | 138.77 | 193.31 | 163.63 | 153.08 | 174.04 |
| Days Sales Outstanding | — | 91.11 | 96.78 | 100.75 | 93.61 | 89.73 | 86.88 | 87.87 | 86.73 | 82.17 | 78.60 |
EME Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
EMCOR Group, Inc. returns 1.7% to shareholders annually — split between a 0.1% dividend yield and 1.6% buyback yield. The payout ratio of 3.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.2% | 0.2% | 0.3% | 0.4% | 0.4% | 0.3% | 0.4% | 0.5% | 0.4% | 0.4% |
| Payout Ratio | 3.5% | 3.5% | 4.3% | 5.2% | 6.7% | 7.3% | 13.3% | 5.5% | 6.6% | 8.4% | 10.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 4.6% | 4.7% | 6.2% | 5.5% | 5.5% | 2.6% | 6.7% | 8.1% | 4.7% | 4.2% |
| FCF Yield | 3.2% | 4.3% | 6.3% | 8.0% | 6.0% | 4.1% | 15.0% | 6.3% | 6.5% | 6.8% | 5.2% |
| Buyback Yield | 1.6% | 2.1% | 2.3% | 1.2% | 8.9% | 2.8% | 2.2% | 0.0% | 6.2% | 1.9% | 2.2% |
| Total Shareholder Yield | 1.7% | 2.3% | 2.5% | 1.6% | 9.3% | 3.2% | 2.6% | 0.4% | 6.7% | 2.3% | 2.6% |
| Shares Outstanding | — | $45M | $47M | $48M | $50M | $54M | $55M | $57M | $58M | $60M | $61M |
Peer Comparison
Compare EME 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 |
|---|---|---|---|---|---|---|---|---|---|
 EMEYou | $37B | 29.7 | 20.1 | 31.3 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 PWR | $105B | 103.3 | 42.8 | 65.0 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $30B | 74.9 | 29.9 | 104.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 DY | $14B | 47.8 | 16.6 | 34.1 | 20.6% | 12.5% | 18.2% | 16.4% | 3.1 |
 J | $14B | 50.8 | 14.3 | 23.5 | 24.8% | 7.2% | 5.8% | 9.9% | 2.5 |
 ACM | $9B | 16.3 | 8.8 | 12.9 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 KBR | $4B | 10.2 | 9.2 | 8.6 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 TTEK | $7B | 29.4 | 12.0 | 16.3 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 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 · 30 years · Updated daily
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EME — Frequently Asked Questions
Quick answers to the most common questions about buying EME stock.
What is EMCOR Group, Inc.'s P/E ratio?
EMCOR Group, Inc.'s current P/E ratio is 29.7x. The historical average is 17.9x. This places it at the 93th percentile of its historical range.
What is EMCOR Group, Inc.'s EV/EBITDA?
EMCOR Group, Inc.'s current EV/EBITDA is 20.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is EMCOR Group, Inc.'s ROE?
EMCOR Group, Inc.'s return on equity (ROE) is 38.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 14.6%.
Is EME stock overvalued?
Based on historical data, EMCOR Group, Inc. is trading at a P/E of 29.7x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is EMCOR Group, Inc.'s dividend yield?
EMCOR Group, Inc.'s current dividend yield is 0.12% with a payout ratio of 3.5%.
What are EMCOR Group, Inc.'s profit margins?
EMCOR Group, Inc. has 19.6% gross margin and 9.8% operating margin.
How much debt does EMCOR Group, Inc. have?
EMCOR Group, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.