Market Pulse44Neutral

EMCOR Group, Inc.Opportunity Rank #201(EME) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$868.88

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$868.88
Price
$538.14
Intrinsic Value
Overvalued by 38%MOS: $430.51

Fundamental Score

52/100
Neutral

Weighted across 6 signals

Narrative Score

61/100
Improving

+1 vs previous

Trend Score

72/100
Strong

As of 2026-06-22

The intrinsic value of EMCOR Group, Inc. (EME) is estimated at $538.14 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $868.88, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 5.93% long-term growth rate and a 9.38% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of EMCOR Group, Inc. (EME) is estimated at $538.14 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $868.88, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 5.93% long-term growth rate and a 9.38% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$538.14
-38.07% downside
20% margin of safety: $430.51
Years: 10Growth Rate: 5.93%
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Capital Efficiency

Average Quarterly ROIC
11.54%
Cost of Capital (estimated)10%
Value StatusCreating Value

The company is earning a higher return on invested capital than it costs to raise that capital — a sign of strong, efficient value creation.

Complete historical ROIC is available with
.

Fundamental Details

52/100
NeutralWeighted across 6 signals
DCF Discount
38.1% premium to price
0
FCF Yield
3.4% trailing FCF yield
35
ROIC vs WACC
ROIC 11.5% vs WACC 10.0% (1.2x)
58
Net Debt / FCF
Net cash position
100
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
8.9% 5Y FCF CAGR
70
Strengths: Net Debt / FCF, Buybacks. Concerns: DCF Discount, FCF Yield.

Narrative Details

61/100
Improving
+1 vs previous · +1 new driversVs 6-Month Baseline:Average (47th pct)Weighted across 6 recent drivers
Trend: StableConfidence: 91%Updated: 16m ago
Sources: 54 (53 News · 1 Analyst)
Drivers(last 30 days)
37 news sentiment+0.7
3 upgrade headlines+0.4
8 regulatory scrutiny-0.1
2 margin pressure+0.0
3 earnings beat+0.0
Analyst reiterations0.0

Trend Details

72/100
StrongAs of 2026-06-22308 daily bars used
6M Relative Strength vs SPY+34.8%
Distance from 52-Week High-7.9%
3M Relative Strength vs SPY+5.1%
Price vs 21 EMA70 · +3.4%
Price vs 50 EMA69 · +4.0%
21 EMA vs 50 EMA55 · +0.6%
3M RS vs SPY70 · +5.1%
6M RS vs SPY98 · +34.8%
Distance from 52W High84 · -7.9%

Investment Coach

Updating... 12d ago
AVOIDConfidence: 57%
Thesis
EMCOR Group, Inc. is currently overvalued by approximately 29.8% relative to its estimated fair value despite maintaining a net cash or near net cash balance sheet and a return on invested capital (ROIC) slightly above its weighted average cost of capital (WACC). The company's fundamentals are neutral with a deteriorating narrative trend, suggesting caution in investment.
Key Risk
The primary risk is that the stock price may not correct to a sufficient discount to fair value, limiting upside potential.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value.
  • ROIC remaining above the cost of capital over the coming quarters.
  • Narrative trend showing meaningful shifts in score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 5.93%5 Year CAGR: 29.83%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$1,309$1,415$1,483$978$547$355$854$404$314$401$304$302$285$186$222$179$88$383$373$281$229

How Intrinziq Estimates Fair Value

Intrinziq estimates EMCOR Group, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

EMCOR Group, Inc.Industrials

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. This includes vital electrical infrastructure such as power transmission, distribution, and generation systems, advanced energy efficiency solutions, and premise-specific electrical and lighting systems. They also implement sophisticated process instrumentation for critical industries like refining, chemical processing, and food production, in addition to low-voltage networks covering fire alarms, security, process controls, and voice/data communications. Furthermore, EMCOR handles public infrastructure projects involving roadway and transit lighting, signaling, and fiber optic lines. On the mechanical front, EMCOR offers advanced HVAC, refrigeration, and geothermal climate control systems, specialized clean-room process ventilation, and essential fire protection and suppression systems. Their capabilities extend to plumbing, process, and high-purity piping, various controls and filtration systems, water and wastewater treatment, and central plant heating and cooling. The firm also undertakes heavy industrial tasks such as crane and rigging, millwright services, and steel fabrication, erection, and welding. Beyond construction, EMCOR provides extensive integrated facilities management and operational support. This encompasses day-to-day operations and maintenance for commercial and government sites, critical outage services for utilities and industrial plants, military base support, and mobile mechanical maintenance. Supplementary services include indoor air quality management, janitorial and landscaping duties, vendor coordination, call center operations, building systems installation and support, program management for energy systems, technical consulting, and the execution of infrastructure, building, and retrofit projects. The company also delivers specialized industrial services tailored for the oil, gas, and petrochemical sectors. EMCOR Group, Inc. was established in 1987 and maintains its headquarters in Norwalk, Connecticut.