EME (EMCOR Group) Scaled Net Operating Assets: 0.37 (As of Mar. 2026)


EME EMCOR Group Inc EME
94 GF Score
Price $798.10
GF Value $559.68
Valuation Significantly Overvalued
! 1 Warning Sign
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What is EMCOR Group Scaled Net Operating Assets?

EMCOR Group EME -7.48% 94 Scaled Net Operating Assets is 0.37 as of Mar. 2026. GuruFocus rates EME with a GF Score™ of 94/100 and a GF Value™ of $559.68 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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

EMCOR Group's operating assets for the quarter that ended in Mar. 2026 was $8,592 Mil. EMCOR Group's operating liabilities for the quarter that ended in Mar. 2026 was $5,130 Mil. EMCOR Group's Total Assets for the quarter that ended in Dec. 2025 was $9,291 Mil. Therefore, EMCOR Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.37.

EMCOR Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for EMCOR 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.

EMCOR Group Scaled Net Operating Assets Chart

EMCOR Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.38 0.37 0.29 0.39

EMCOR 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 0.39 0.40 0.37 0.35 0.37

EME vs MTZ, STRL, APG: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, EMCOR 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.

EMCOR Group Scaled Net Operating Assets vs Construction Industry

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

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


EME
94GF Score
EMCOR Group Inc EME
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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EMCOR 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.

EMCOR 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 )
=(8179.431-5148.209)/7716.473
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9291.399 - 1111.968
=8179.431

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5616.418 - 368.996 - 99.213
=5148.209

EMCOR 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 )
=(8591.687-5130.113)/9291.399
=0.37

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9508.107 - 916.42
=8591.687

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5640.531 - 408.122 - 102.296
=5130.113

* 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 0.37 mean?
EMCOR Group (EME) has a Scaled Net Operating Assets of 0.37 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 EMCOR Group and its competitors.
Is EMCOR Group's Scaled Net Operating Assets too high?
EMCOR Group's current Scaled Net Operating Assets is 0.37. 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 Scaled Net Operating Assets compare to MTZ and STRL?
EMCOR Group's Scaled Net Operating Assets of 0.37 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 EMCOR Group and its competitors. EMCOR Group's current Scaled Net Operating Assets is 0.37. 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 $559.68, compared to a current price of $798.10 — trading 42.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.37. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For EMCOR Group (EME), the current Scaled Net Operating Assets is 0.37 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 $798.10 is trading 42.6% above its estimated GF Value™ of $559.68. GuruFocus considers EMCOR Group to be Significantly Overvalued.

Key valuation signals for EME:

  • Scaled Net Operating Assets: 0.37
  • GF Value™: $559.68 vs. price of $798.10 (42.6% above fair value)
  • GF Score™: 94/100 with 1 warning sign

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 Business Description

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

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

$798.10
Price
$559.68
GF Value