EMCOR GroupEME +1.63%94 Net Current Asset Value is $9.74 as of Mar. 2026, which is 87% below its 10-year median of 75.80. GuruFocus rates EME with a GF Score™ of 94/100 and a GF Value™ of $561.17 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,057 Construction companies, EMCOR Group ranks worse than 97.16% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
EMCOR Group's net current asset value per share for the quarter that ended in Mar. 2026 was $9.74.
The historical rank and industry rank for EMCOR Group's Net Current Asset Value or its related term are showing as below:
EME'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 32.99 Med: 75.8 Max: 8612
Current: 80.83
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of EMCOR Group was 8612.00. The lowest was 32.99. And the median was 75.80.
EME's Price-to-Net-Current-Asset-Value is ranked worse than 97.16% of 1057
companies
in the Construction industry
Industry Median: 3.25
vs EME: 80.83
EMCOR Group (NYSE:EME) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
EMCOR Group Net Current Asset Value Related Terms
EMCOR Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for EMCOR Group's Net Current Asset Value 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.
EME vs MTZ, STRL, APG: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, EMCOR Group's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, EMCOR Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where EMCOR Group's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of $9.74 mean?
EMCOR Group (EME) has a Net Current Asset Value of $9.74 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on EMCOR Group and its competitors. This is 87% below median its historical median of 75.80. Over the past decade, EMCOR Group's Net Current Asset Value has ranged from 32.99 to 8,612.00. According to the industry distribution chart, EMCOR Group ranks #1027 out of 1057 companies in the Construction industry, placing it in the top 97.2%.
Is EMCOR Group's Net Current Asset Value too high?
EMCOR Group's current Net Current Asset Value of $9.74 is 87% below median its 10-year median of 75.80. Over the past 10 years, this metric has ranged from a low of 32.99 to a high of 8,612.00. The Construction industry median Net Current Asset Value is 3.25. EMCOR Group's value of $9.74 is 199.7% above this industry median. Based on the distribution chart, EMCOR Group ranks #1027 out of 1057 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, EMCOR Group has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EMCOR Group's Net Current Asset Value compare to MTZ and STRL?
According to the Construction industry distribution chart, EMCOR Group ranks #1027 out of 1057 companies for Net Current Asset Value. This places EMCOR Group in the lower half of its industry. The industry median Net Current Asset Value is 3.25. EMCOR Group's value of $9.74 is 199.7% above this benchmark. Historically, EMCOR Group's own Net Current Asset Value has ranged from 32.99 to 8,612.00 over the past decade. While the company's 10-year median is 75.80 vs. the industry median of 3.25, 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 Net Current Asset Value for a Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,057 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EMCOR Group's current Net Current Asset Value of $9.74 is 199.7% 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on EMCOR Group and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EMCOR Group's current Net Current Asset Value is $9.74, which is 87% below median its own 10-year median of 75.80. 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 (EME) is currently considered Significantly Overvalued. The stock's GF Value™ is $561.17, compared to a current price of $787.29 — trading 40.3% above its estimated fair value. The current Net Current Asset Value is $9.74, which is 87% below median its 10-year median of 75.80 and 199.7% above the Construction industry median of 3.25. EMCOR Group's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For EMCOR Group (EME), the current Net Current Asset Value is $9.74 as of Mar. 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 (EME) Overvalued in 2026?
Based on GuruFocus' analysis, EMCOR Group stock appears to be overvalued.
The current stock price of $787.29 is trading 40.3% above its estimated GF Value™ of $561.17.
GuruFocus considers EMCOR Group to be Significantly Overvalued.
Key valuation signals for EME:
Net Current Asset Value: $9.74 (87% below median its 10-year median of 75.80)
GF Value™: $561.17 vs. price of $787.29 (40.3% above fair value)
Industry Position: 199.7% above the Construction median (#1027 of 1057)
No single metric tells the full story. See the EME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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