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APi Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for APi Group and similar public comparables like WSP Global, Bouygues, China Railway Group, Kajima and more.
APi Group Overview
About APi Group
APi Group Corp operates in two segments: Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design, installation, inspection, and service of these integrated systems. These services are provided in commercial, education, healthcare, high tech, industrial, and special-hazard settings. Specialty Services segment includes providing a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.
Founded
2017
HQ

Employees
29.0K
Website
Financials (LTM)
EV
$23B
APi Group Financials
APi Group reported last 12-month revenue of $8B and EBITDA of $1B.
In the same LTM period, APi Group generated $3B in gross profit, $1B in EBITDA, and $659M in net income.
Revenue (LTM)
APi Group P&L
In the most recent fiscal year, APi Group reported revenue of $8B and EBITDA of $1B.
APi Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $8B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $659M | XXX | $627M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
APi Group Stock Performance
APi Group has current market cap of $21B, and enterprise value of $23B.
Market Cap Evolution
APi Group's stock price is $48.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $21B | 4.2% | XXX | XXX | XXX | $1.45 |
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Start Free TrialAPi Group Valuation Multiples
APi Group trades at 2.9x EV/Revenue multiple, and 21.4x EV/EBITDA.
EV / Revenue (LTM)
APi Group Financial Valuation Multiples
As of April 21, 2026, APi Group has market cap of $21B and EV of $23B.
Equity research analysts estimate APi Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
APi Group has a P/E ratio of 31.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 21.4x | XXX | 22.3x | XXX | XXX | XXX |
| EV/EBIT | 24.2x | XXX | 25.7x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | 9.3x | XXX | XXX | XXX |
| P/E | 31.9x | XXX | 33.5x | XXX | XXX | XXX |
| EV/FCF | 30.1x | XXX | 30.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified APi Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


APi Group Margins & Growth Rates
APi Group's revenue in the last 12 month grew by 7%.
APi Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
APi Group's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
APi Group's rule of X is 33% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
APi Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 24% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
APi Group Public Comps
See public comps and valuation multiples for other Construction & Engineering and Security Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| APi Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WSP Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Bouygues | XXX | XXX | XXX | XXX | XXX | XXX |
| China Railway Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Kajima | XXX | XXX | XXX | XXX | XXX | XXX |
| CEMEX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
APi Group M&A Activity
APi Group acquired XXX companies to date.
Last acquisition by APi Group was on XXXXXXXX, XXXXX. APi Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by APi Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialAPi Group Investment Activity
APi Group invested in XXX companies to date.
APi Group made its latest investment on XXXXXXXX, XXXXX. APi Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by APi Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout APi Group
| When was APi Group founded? | APi Group was founded in 2017. |
| Where is APi Group headquartered? | APi Group is headquartered in United States. |
| How many employees does APi Group have? | As of today, APi Group has over 29K employees. |
| Who is the CEO of APi Group? | APi Group's CEO is Russell A. Becker. |
| Is APi Group publicly listed? | Yes, APi Group is a public company listed on NYSE. |
| What is the stock symbol of APi Group? | APi Group trades under APG ticker. |
| When did APi Group go public? | APi Group went public in 2017. |
| Who are competitors of APi Group? | APi Group main competitors are WSP Global, Bouygues, China Railway Group, Kajima. |
| What is the current market cap of APi Group? | APi Group's current market cap is $21B. |
| What is the current revenue of APi Group? | APi Group's last 12 months revenue is $8B. |
| What is the current revenue growth of APi Group? | APi Group revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of APi Group? | Current revenue multiple of APi Group is 2.9x. |
| Is APi Group profitable? | Yes, APi Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of APi Group? | APi Group's last 12 months EBITDA is $1B. |
| What is APi Group's EBITDA margin? | APi Group's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of APi Group? | Current EBITDA multiple of APi Group is 21.4x. |
| What is the current FCF of APi Group? | APi Group's last 12 months FCF is $769M. |
| What is APi Group's FCF margin? | APi Group's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of APi Group? | Current FCF multiple of APi Group is 30.1x. |
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