EMCOR Group (STU:EM4) Cyclically Adjusted PS Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:EM4 EMCOR Group Inc STU:EM4
94 GF Score
Price €587.00
GF Value €488.67
Valuation Modestly Overvalued
! 1 Warning Sign
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What is EMCOR Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


EMCOR Group  (STU:EM4) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


EMCOR Group Cyclically Adjusted PS Ratio Related Terms


EMCOR Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EMCOR Group's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

EMCOR Group Cyclically Adjusted PS Ratio Chart

EMCOR Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.90 1.18 2.19 2.59

EMCOR Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.40 2.82 2.59 2.99 0.00

STU:EM4 vs MTZ, STRL, APG: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, EMCOR Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


EMCOR Group Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, EMCOR Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where EMCOR Group's Cyclically Adjusted PS Ratio falls into.


STU:EM4
94GF Score
EMCOR Group Inc STU:EM4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EMCOR Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

EMCOR Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, EMCOR Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=100.43/333.9520*333.9520
=100.430

Current CPI (Jun. 2026) = 333.9520.

EMCOR Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 28.693 241.428 39.689
201612 30.368 241.432 42.005
201703 29.425 243.801 40.306
201706 28.293 244.955 38.572
201709 26.640 246.819 36.045
201712 28.673 246.524 38.842
201803 26.094 249.554 34.919
201806 28.507 251.989 37.779
201809 29.967 252.439 39.643
201812 34.074 251.233 45.293
201903 33.859 254.202 44.481
201906 36.406 256.143 47.465
201909 36.728 256.759 47.770
201912 38.229 256.974 49.681
202003 37.027 258.115 47.906
202006 32.555 257.797 42.172
202009 33.863 260.280 43.448
202012 34.002 260.474 43.594
202103 35.103 264.877 44.257
202106 37.064 271.696 45.557
202109 39.704 274.310 48.337
202112 43.503 278.802 52.108
202203 44.485 287.504 51.672
202206 50.505 296.311 56.921
202209 58.198 296.808 65.481
202212 58.104 296.797 65.378
202303 56.306 301.836 62.297
202306 59.071 305.109 64.655
202309 63.410 307.789 68.800
202312 65.824 306.746 71.662
202403 66.736 312.332 71.356
202406 72.234 314.175 76.781
202409 71.496 315.301 75.725
202412 77.955 315.605 82.487
202503 78.135 319.799 81.593
202506 82.950 322.561 85.879
202509 81.500 324.800 83.796
202512 85.903 324.054 88.527
202603 89.588 330.213 90.602
202606 100.430 333.952 100.430

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is EMCOR Group (STU:EM4) Overvalued in 2026?

Based on GuruFocus' analysis, EMCOR Group stock appears to be overvalued. The current stock price of €587.00 is trading 20.1% above its estimated GF Value™ of €488.67. GuruFocus considers EMCOR Group to be Modestly Overvalued.

Key valuation signals for STU:EM4:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €488.67 vs. price of €587.00 (20.1% above fair value)
  • GF Score™: 94/100 with 1 warning sign

No single metric tells the full story. See the STU:EM4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EMCOR Group Business Description

Other Exchanges EME:USAEME:Mexico1EME:Italy
Address 301 Merritt Seven, Norwalk, CT, USA, 06851-1092
EMCOR Group Inc is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services, and industrial services. Its services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. The company's operating subsidiaries are organized into reportable segments: United States mechanical construction and facilities services, which derives key revenue; United States electrical construction and facilities services; United States building services; United States industrial services; and United Kingdom building services. Geographically, its key revenue is derived from the United States.
94GF Score

Get the complete analysis for STU:EM4

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€587.00
Price
€488.67
GF Value