EMCOR Group (STU:EM4) Cyclically Adjusted PS Ratio: 3.07 (As of Jul. 26, 2026) — 294% Above Median

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STU:EM4 EMCOR Group Inc STU:EM4
91 GF Score
Price €653.80
GF Value €488.09
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is EMCOR Group Cyclically Adjusted PS Ratio?

EMCOR Group STU:EM4 -3.26% 91 Cyclically Adjusted PS Ratio is 3.07 as of Jul. 26, 2026, which is 294% above its 10-year median of 0.78. GuruFocus rates STU:EM4 with a GF Score™ of 91/100 and a GF Value™ of €488.09 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,358 Construction companies, EMCOR Group ranks worse than 86.89% on this metric.

As of today (2026-07-26), EMCOR Group's current share price is €653.80. EMCOR Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €212.67. EMCOR Group's Cyclically Adjusted PS Ratio for today is 3.07.

The historical rank and industry rank for EMCOR Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:EM4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.78   Max: 3.73
Current: 3.02

During the past years, EMCOR Group's highest Cyclically Adjusted PS Ratio was 3.73. The lowest was 0.42. And the median was 0.78.

STU:EM4's Cyclically Adjusted PS Ratio is ranked worse than
86.89% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs STU:EM4: 3.02

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

EMCOR Group's adjusted revenue per share data for the three months ended in Mar. 2026 was €89.588. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €212.67 for the trailing ten years ended in Mar. 2026.

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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.72 2.40 2.82 2.59 2.99

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
91GF Score
EMCOR Group Inc STU:EM4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=653.80/212.67
=3.07

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=89.588/330.2130*330.2130
=89.588

Current CPI (Mar. 2026) = 330.2130.

EMCOR Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 28.082 241.018 38.474
201609 28.693 241.428 39.245
201612 30.368 241.432 41.535
201703 29.425 243.801 39.854
201706 28.293 244.955 38.141
201709 26.640 246.819 35.641
201712 28.673 246.524 38.407
201803 26.094 249.554 34.528
201806 28.507 251.989 37.356
201809 29.967 252.439 39.200
201812 34.074 251.233 44.786
201903 33.859 254.202 43.983
201906 36.406 256.143 46.934
201909 36.728 256.759 47.235
201912 38.229 256.974 49.124
202003 37.027 258.115 47.370
202006 32.555 257.797 41.700
202009 33.863 260.280 42.961
202012 34.002 260.474 43.106
202103 35.103 264.877 43.762
202106 37.064 271.696 45.047
202109 39.704 274.310 47.795
202112 43.503 278.802 51.525
202203 44.485 287.504 51.093
202206 50.505 296.311 56.283
202209 58.198 296.808 64.748
202212 58.104 296.797 64.646
202303 56.306 301.836 61.600
202306 59.071 305.109 63.931
202309 63.410 307.789 68.030
202312 65.824 306.746 70.860
202403 66.736 312.332 70.557
202406 72.234 314.175 75.921
202409 71.496 315.301 74.877
202412 77.955 315.605 81.563
202503 78.135 319.799 80.679
202506 82.950 322.561 84.918
202509 81.500 324.800 82.858
202512 85.903 324.054 87.536
202603 89.588 330.213 89.588

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.

What does a Cyclically Adjusted PS Ratio of 3.07 mean?
EMCOR Group (STU:EM4) has a Cyclically Adjusted PS Ratio of 3.07 as of Jul. 26, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on EMCOR Group and its competitors. This is 294% above median its historical median of 0.78. Over the past decade, EMCOR Group's Cyclically Adjusted PS Ratio has ranged from 0.42 to 3.73. According to the industry distribution chart, EMCOR Group ranks #1180 out of 1358 companies in the Construction industry, placing it in the top 86.9%.
Is EMCOR Group's Cyclically Adjusted PS Ratio too high?
EMCOR Group's current Cyclically Adjusted PS Ratio of 3.07 is 294% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 3.73. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. EMCOR Group's value of 3.07 is 338.6% above this industry median. Based on the distribution chart, EMCOR Group ranks #1180 out of 1358 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, EMCOR Group has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EMCOR Group's Cyclically Adjusted PS Ratio compare to MTZ and STRL?
According to the Construction industry distribution chart, EMCOR Group ranks #1180 out of 1358 companies for Cyclically Adjusted PS Ratio. This places EMCOR Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. EMCOR Group's value of 3.07 is 338.6% above this benchmark. Historically, EMCOR Group's own Cyclically Adjusted PS Ratio has ranged from 0.42 to 3.73 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.70, EMCOR Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EMCOR Group's current Cyclically Adjusted PS Ratio of 3.07 is 338.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on EMCOR Group and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EMCOR Group's current Cyclically Adjusted PS Ratio is 3.07, which is 294% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EMCOR Group stock overvalued right now?
Based on GuruFocus' analysis, EMCOR Group (STU:EM4) is currently considered Significantly Overvalued. The stock's GF Value™ is €488.09, compared to a current price of €653.80 — trading 34% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.07, which is 294% above median its 10-year median of 0.78 and 338.6% above the Construction industry median of 0.70. EMCOR Group's overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For EMCOR Group (STU:EM4), the current Cyclically Adjusted PS Ratio is 3.07 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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

Based on GuruFocus' analysis, EMCOR Group stock appears to be overvalued. The current stock price of €653.80 is trading 34% above its estimated GF Value™ of €488.09. GuruFocus considers EMCOR Group to be Significantly Overvalued.

Key valuation signals for STU:EM4:

  • Cyclically Adjusted PS Ratio: 3.07 (294% above median its 10-year median of 0.78)
  • GF Value™: €488.09 vs. price of €653.80 (34% above fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 338.6% above the Construction median (#1180 of 1358)

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.
91GF 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.

€653.80
Price
€488.09
GF Value