Market Pulse44Neutral

Limbach Holdings, Inc.Opportunity Rank #213(LMB) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$81.76

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$81.76
Price
$71.84
Intrinsic Value
Overvalued by 12%MOS: $57.47

Fundamental Score

37/100
Bearish

Weighted across 6 signals

Narrative Score

50/100
Weak

-1 vs previous

Trend Score

44/100
Weak

As of 2026-06-22

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $71.84 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $81.76, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 12.21% long-term growth rate and a 10.37% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $71.84 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $81.76, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 12.21% long-term growth rate and a 10.37% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$71.84
▼ -12.13% downside
20% margin of safety: $57.47
Years: 10Growth Rate: 12.21%
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Capital Efficiency

Average Quarterly ROIC
5.25%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

37/100
BearishWeighted across 6 signals
DCF Discount
12.1% premium to price
30
FCF Yield
3.9% trailing FCF yield
47
ROIC vs WACC
ROIC 5.3% vs WACC 9.0% (0.6x)
29
Net Debt / FCF
0.4x net debt to FCF
91
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
-0.9% 5Y FCF CAGR (adjusted)
0
Strengths: Net Debt / FCF, Buybacks. Concerns: DCF Discount, ROIC vs WACC.

Narrative Details

50/100
Weak
-1 vs previousVs 6-Month Baseline:Low (8th pct)Weighted across 3 recent drivers
Trend: StableConfidence: 57%Updated: 4h ago
Sources: 12 (11 News · 1 Analyst)
Drivers(last 30 days)
9 news sentiment+0.0
2 regulatory scrutiny+0.0
Analyst reiterations0.0

Trend Details

44/100
WeakAs of 2026-06-22308 daily bars used
Distance from 52-Week High-45.3%
6M Relative Strength vs SPY-7.4%
21 EMA vs 50 EMA-1.6%
Price vs 21 EMA62 · +2.0%
Price vs 50 EMA52 · +0.4%
21 EMA vs 50 EMA37 · -1.6%
3M RS vs SPY55 · +1.2%
6M RS vs SPY30 · -7.4%
Distance from 52W High9 · -45.3%

Investment Coach

Updating... 12d ago
AVOIDConfidence: 58%
Thesis
Limbach Holdings, Inc. exhibits weak fundamentals with a bearish score of 41 and returns trailing its cost of capital, despite a valuation implying a modest 12.1% upside. The company's ROIC is significantly below its WACC, indicating value destruction and limited growth prospects.
Key Risk
The primary risk is the sustained negative spread between ROIC and WACC, which could continue to erode shareholder value.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 12.22%5 Year CAGR (Adjusted): 128.34%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014
$38$50$44$60$36-$23$41$2$29-$1$8$20$

How Intrinziq Estimates Fair Value

Intrinziq estimates Limbach Holdings, 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.

Limbach Holdings, Inc.Industrials

Limbach Holdings, Inc. is a U.S.-based provider of comprehensive building systems solutions, engaging with both general contractors and directly with building owners. The company's services encompass the entire lifecycle of critical infrastructure, including the design, prefabrication, installation, ongoing management, and maintenance of mechanical, electrical, plumbing, control, and HVAC systems. Its specialized facility offerings include mechanical construction, HVAC servicing and upkeep, energy audits and retrofits, engineering and design-build capabilities, constructability evaluations, equipment and material selection, offsite prefabrication, and sustainable building strategies. Limbach caters to a wide array of clients across various sectors such as healthcare (hospitals, research centers), education (K-12, universities, colleges), entertainment (sports arenas, amusement parks), transportation (airport and rail facilities), government (federal, state, local agencies), hospitality (hotels, resorts), commercial real estate (office buildings), technology (data centers), and industrial manufacturing. Founded in 1901, the company is headquartered in Pittsburgh, Pennsylvania.