APi Group designs, installs, inspects and services fire protection systems, electronic security systems, and elevators and escalators in buildings and facilities around the world. It also does specialty contracting work, fabrication and distribution, and infrastructure and utility services. Customers include data centers and other high-tech sites, hospitals, factories, warehouses and critical infrastructure.

What is APi's fair value?

On an owner-earnings DCF, APi's most-likely fair value is about $37, versus a recent price near $40. A margin-of-safety estimate, not a price target. Analysis, not advice.

Industrials · Engineering & Construction · APG

What APi Does & How It Makes Money (APG)

Updated October 2026 · reflects APi's latest reported financials

Fire safety, security, elevator and specialty contracting services provider. It earns revenue from installing life safety, security and elevator systems and from ongoing inspection, service and monitoring work on them.

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How APi makes money

It earns revenue from installing life safety, security and elevator systems and from ongoing inspection, service and monitoring work on them. It also earns contract revenue from specialty contracting, fabrication and distribution, and infrastructure and utility projects.

What APi does

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide. It reports two segments. Safety Services designs, installs, inspects, services and monitors fire protection, electronic security and elevator/escalator systems. Specialty Services provides specialty contracting, fabrication and distribution, and infrastructure and utility services. Its main end markets are high-tech services, advanced manufacturing, healthcare, fulfillment and distribution centers, and critical infrastructure. The company was founded in 1926 and is headquartered in New Brighton, Minnesota. It was formerly known as J2 Acquisition Limited and took the name APi Group Corporation in October 2019.

Products & services

Fire protection systems
Electronic security systems
Elevator and escalator services
Life safety inspection and monitoring
Specialty contracting
Infrastructure and utility services

What is APi worth?

On an owner-earnings DCF, APi's most-likely value is about $37 versus a recent price near $40 (8% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$15) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $40

Fair value (most likely)

$37

Range

$25–$60

No-growth floor

$15

Price

~$40

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Industrials Industry Engineering & Construction HQ United States Ticker APG Official site

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