APG (APi Group) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


APG APi Group Corp APG
78 GF Score
Price $41.68
GF Value $26.66
Valuation Significantly Overvalued
! 3 Warning Signs
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What is APi Group Scaled Net Operating Assets?

APi Group APG -0.64% 78 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates APG with a GF Score™ of 78/100 and a GF Value™ of $26.66 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

APi Group's operating assets for the quarter that ended in Mar. 2026 was $8,321 Mil. APi Group's operating liabilities for the quarter that ended in Mar. 2026 was $2,410 Mil. APi Group's Total Assets for the quarter that ended in Dec. 2025 was $8,936 Mil. Therefore, APi Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.


APi Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for APi Group's Scaled Net Operating Assets 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.

APi Group Scaled Net Operating Assets Chart

APi Group Annual Data
Trend Dec17 Aug18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.74 0.88 0.52 0.72 0.68

APi Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.68 0.72 0.68 0.64 0.66

APG vs DY, J, IESC: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, APi Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


APi Group Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, APi Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where APi Group's Scaled Net Operating Assets falls into.


APG
78GF Score
APi Group Corp APG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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APi Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

APi Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(8024-2456)/8152
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8936 - 912
=8024

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5528 - 2969 - 103
=2456

APi Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(8321-2410)/8936
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8966 - 645
=8321

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5480 - 2968 - 102
=2410

* 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 Scaled Net Operating Assets of 0.66 mean?
APi Group (APG) has a Scaled Net Operating Assets of 0.66 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on APi Group and its competitors.
Is APi Group's Scaled Net Operating Assets too high?
APi Group's current Scaled Net Operating Assets is 0.66. Overall, APi Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APi Group's Scaled Net Operating Assets compare to DY and J?
APi Group's Scaled Net Operating Assets of 0.66 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on APi Group and its competitors. APi Group's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APi Group stock overvalued right now?
Based on GuruFocus' analysis, APi Group (APG) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.66, compared to a current price of $41.68 — trading 56.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.66. APi Group's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For APi Group (APG), the current Scaled Net Operating Assets is 0.66 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 APi Group (APG) Overvalued in 2026?

Based on GuruFocus' analysis, APi Group stock appears to be overvalued. The current stock price of $41.68 is trading 56.3% above its estimated GF Value™ of $26.66. GuruFocus considers APi Group to be Significantly Overvalued.

Key valuation signals for APG:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: $26.66 vs. price of $41.68 (56.3% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


APi Group Business Description

Other Exchanges 4XY:Germany
Address c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, USA, 55112
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.
78GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.68
Price
$26.66
GF Value