APi Group Corporation (APG) Key Metrics
APG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.35B
- Enterprise value
- $19.34B
- P/E (TTM)
- — 10-yr median 52.9
- Forward P/E
- 17.9
- PEG ratio
- —
- Price / sales
- 2.1 10-yr median 1.0
- Price / book
- 4.6 10-yr median 2.2
- EV / EBITDA
- 20.6 10-yr median 16.3
- Dividend yield
- —
- Beta
- 1.58
APG key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAPG valuation Price multiples at each fiscal year-end price.
APG returns How much profit the business earns on the capital it uses.
APG per-share figures Results divided by the shares outstanding at year-end.
APG financial health Debt, liquidity and how easily interest is covered.
APG efficiency & capital use Working capital cycle and where the cash goes.
APG valuation history
APG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
APG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
APG cash returned to shareholders
APG price vs earnings per share
APG key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $15.92B | $6.42B | $8.14B | $5.00B | $5.30B | $3.08B | $2.75B | — | $1.21B |
| Enterprise value | $18.08B | $5.92B | $10.23B | $7.43B | $5.99B | $4.10B | $3.81B | — | −$19.4M |
| P/E ratio | 52.7 | 25.7 | 53.2 | 68.6 | 112.8 | — | — | — | 10.8 |
| Price / sales | 2.0 | 0.9 | 1.2 | 0.8 | 1.3 | 0.9 | 2.8 | — | 0.4 |
| Price / book | 4.7 | 2.2 | 2.8 | 2.4 | 2.3 | 2.0 | 1.6 | — | 1.0 |
| Price / free cash flow | 24.0 | 12.0 | 19.0 | 26.2 | 41.8 | 6.7 | 19.8 | — | 15.3 |
| Price / operating cash flow | 21.0 | 10.4 | 15.8 | 18.5 | 29.1 | 6.2 | 18.3 | — | 10.3 |
| EV / sales | 2.3 | 0.8 | 1.5 | 1.1 | 1.5 | 1.1 | 3.9 | — | -0.0 |
| EV / EBITDA | 18.4 | 7.6 | 15.0 | 14.2 | 17.6 | 31.3 | — | — | — |
| EV / free cash flow | 27.3 | 11.1 | 23.9 | 38.9 | 47.1 | 9.0 | 27.4 | — | — |
| Earnings yield | 1.9% | 3.9% | 1.9% | 1.5% | 0.9% | −5.0% | −5.6% | — | 9.3% |
| Free cash flow yield | 4.2% | 8.4% | 5.3% | 3.8% | 2.4% | 14.9% | 5.1% | — | 6.5% |
| Dividend yield | — | — | — | — | 12.7% | 0.1% | 1.9% | — | 9.2% |
| Shareholder yield (dividends + buybacks) | 0.5% | 9.3% | 0.5% | 0.9% | 12.7% | 1.1% | 53.9% | — | 9.3% |
| Share price at fiscal year-end | $38.26 | $23.98 | $23.07 | $12.54 | $17.18 | $12.10 | $10.55 | — | $10.00 |
| Per share | |||||||||
| Revenue per share | $19.02 | $26.22 | $19.64 | $16.43 | $12.77 | $14.11 | $3.78 | $21.28 | $25.17 |
| Earnings per share | $0.73 | $0.93 | $0.43 | $0.18 | $0.15 | −$0.60 | −$0.59 | $0.78 | $0.93 |
| Operating cash flow per share | $1.82 | $2.32 | $1.46 | $0.68 | $0.59 | $1.95 | $0.58 | $0.64 | $0.97 |
| Free cash flow per share | $1.59 | $2.00 | $1.21 | $0.48 | $0.41 | $1.80 | $0.53 | $0.22 | $0.65 |
| Cash per share | $2.19 | $1.86 | $1.36 | $1.52 | $3.85 | $2.03 | $0.98 | $0.31 | $10.16 |
| Book value per share | $8.19 | $11.03 | $8.13 | $5.33 | $7.53 | $6.13 | $6.74 | $3.61 | $10.16 |
| Tangible book value per share | −$3.23 | −$5.98 | −$3.47 | −$5.11 | $1.09 | −$1.92 | −$1.32 | $0.62 | $10.16 |
| Dividends per share | — | — | — | — | $2.18 | $0.01 | $0.20 | $0.42 | $0.92 |
| Capex per share | $0.23 | $0.31 | $0.24 | $0.20 | $0.18 | $0.15 | $0.04 | $0.42 | $0.32 |
| Debt per share | $7.38 | $0.01 | $7.30 | $7.59 | $6.07 | $6.07 | $5.03 | $3.43 | — |
| Shares outstanding | 416.0M | 267.7M | 352.7M | 399.1M | 308.6M | 254.2M | 260.9M | 175.2M | 121.0M |
| Change in shares outstanding | +55.4% | −24.1% | −11.6% | +29.3% | +21.4% | −2.5% | +48.9% | +44.7% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 9.5% | 8.6% | 6.1% | 3.3% | 2.4% | −9.2% | −12.8% | 14.6% | 9.1% |
| Return on invested capital (ROIC) | 10.1% | 9.9% | 5.0% | 3.4% | 2.9% | −4.9% | −6.4% | 25.6% | — |
| Return on assets (ROA) | 3.5% | 3.2% | 2.0% | 1.1% | 1.0% | −3.8% | −5.1% | 8.3% | 9.1% |
| Return on tangible assets | 7.2% | 6.9% | 4.4% | 1.9% | 1.5% | −7.6% | −8.0% | 9.0% | 9.1% |
| Free cash flow margin | 8.4% | 7.6% | 6.2% | 2.9% | 3.2% | 12.8% | 14.1% | 1.0% | 2.6% |
| Income quality (OCF / net income) | 2.51 | 2.48 | 3.36 | 3.70 | 3.87 | — | — | 0.82 | 1.05 |
| Financial health | |||||||||
| Total debt | $3.07B | $4.0M | $2.57B | $3.03B | $1.87B | $1.54B | $1.31B | $600.0M | — |
| Cash & short-term investments | $912.0M | $499.0M | $479.0M | $605.0M | $1.19B | $515.0M | $256.0M | $54.0M | $1.23B |
| Net debt | $2.16B | −$495.0M | $2.10B | $2.42B | $685.0M | $1.03B | $1.06B | $546.0M | −$1.23B |
| Debt / equity | 0.90 | 0.00 | 0.90 | 1.42 | 0.81 | 0.99 | 0.75 | 0.95 | — |
| Debt / assets | 0.34 | 0.00 | 0.34 | 0.37 | 0.36 | 0.38 | 0.33 | 0.29 | — |
| Net debt / EBITDA | 2.20 | −0.64 | 3.08 | 4.64 | 2.01 | 7.84 | — | 1.97 | −5.54 |
| Current ratio | 1.50 | 1.41 | 1.43 | 1.38 | 3.03 | 1.71 | 1.63 | 1.14 | — |
| Quick ratio | 1.43 | 1.33 | 1.35 | 1.30 | 2.95 | 1.63 | 1.56 | 1.09 | — |
| Interest coverage | 3.9 | 3.3 | 2.5 | 1.3 | 2.3 | -3.2 | -10.7 | 7.4 | 15.4 |
| Working capital | $1.08B | $773.0M | $775.0M | $731.0M | $1.76B | $596.0M | $519.0M | $143.0M | $1.23B |
| Invested capital | $5.57B | $2.46B | $4.96B | $4.55B | $3.01B | $2.58B | $2.81B | $1.18B | −$7,000 |
| Tangible asset value | −$1.34B | −$1.60B | −$1.22B | −$2.04B | $335.0M | −$489.0M | −$344.0M | $109.0M | $1.23B |
| Net current asset value | −$2.30B | −$2.54B | −$2.14B | −$3.31B | −$210.0M | −$1.07B | −$912.0M | −$266.0M | $1.23B |
| Graham number | $11.57 | $15.23 | $8.91 | $4.68 | $5.08 | — | — | $7.95 | $14.54 |
| Graham net-net per share | −$7.23 | −$11.98 | −$7.92 | −$9.89 | −$2.84 | −$5.41 | −$4.75 | −$3.27 | $10.16 |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | $673.0M | $3.0M | $53.0M | $74.0M | $111.0M |
| Share buybacks (net) | $75.0M | $600.0M | $41.0M | $44.0M | $3.0M | $30.0M | $1.43B | $25.0M | $1.0M |
| Dividend payout ratio | — | — | — | — | — | — | — | 54.4% | 99.1% |
| Dividends + buybacks / free cash flow | 11.3% | 111.9% | 9.6% | 23.0% | 532.3% | 7.2% | — | 260.5% | 141.8% |
| Capex / revenue | 1.2% | 1.2% | 1.2% | 1.2% | 1.4% | 1.1% | 1.1% | 2.0% | 1.3% |
| Capex / operating cash flow | 12.6% | 13.5% | 16.7% | 29.3% | 30.2% | 7.7% | 7.3% | 66.1% | 33.1% |
| Capex / depreciation | 0.29 | 0.28 | 0.28 | 0.26 | 0.27 | 0.14 | 0.16 | 0.68 | 0.57 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.4% | 0.3% | 0.3% | 0.1% | 15.8% | 0.1% | 0.3% |
| SG&A / revenue | 24.4% | 24.1% | 22.8% | 23.7% | 20.4% | 20.2% | 36.4% | 16.8% | 16.8% |
| Efficiency | |||||||||
| Days sales outstanding | 91.0 | 96.9 | 94.9 | 76.7 | 81.8 | 89.3 | 366.9 | 98.4 | — |
| Days of inventory on hand | 9.7 | 11.0 | 11.5 | 8.7 | 8.1 | 7.9 | 26.4 | 7.0 | — |
| Days payables outstanding | 34.4 | 36.5 | 35.2 | 27.4 | 23.5 | 19.7 | 76.5 | 21.6 | — |
| Cash conversion cycle (days) | 66.3 | 71.5 | 71.2 | 58.1 | 66.4 | 77.5 | 316.8 | 83.8 | — |
| Receivables turnover | 4.01 | 3.77 | 3.85 | 4.76 | 4.46 | 4.09 | 0.99 | 3.71 | — |
| Payables turnover | 10.60 | 9.99 | 10.37 | 13.34 | 15.55 | 18.50 | 4.77 | 16.90 | — |
| Inventory turnover | 37.67 | 33.04 | 31.87 | 41.76 | 45.13 | 46.41 | 13.81 | 52.52 | — |
| Asset turnover | 0.93 | 0.89 | 0.88 | 0.99 | 0.85 | 0.89 | 0.33 | 2.28 | 2.48 |
| Average receivables | $1.97B | $1.86B | $1.80B | $1.38B | $882.5M | $878.0M | $990.0M | $1.00B | — |
| Average payables | $511.5M | $484.5M | $481.0M | $363.0M | $193.0M | $153.0M | $165.0M | $174.0M | — |
| Average inventory | $144.0M | $146.5M | $156.5M | $116.0M | $66.5M | $61.0M | $57.0M | $56.0M | — |
| Intangibles / total assets | 53.2% | 55.9% | 53.9% | 51.5% | 38.5% | 50.4% | 52.4% | 25.7% | 0.0% |
Computed from APG's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
APG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), APi traded at 52.7 times earnings, against a 9-year median of 52.9. APi earned a return on equity of 9.5% and a return on invested capital of 10.1% in fiscal 2025. It ended the year with $3.1 billion of debt and $912.0 million in cash and short-term investments, net debt of $2.2 billion. It returned $75.0 million to shareholders: $0 in dividends and $75.0 million in share buybacks, 11% of free cash flow. The share count rose 243.7% from 121.0M to 416.0M over 8 years.
See the APG income statement, the APG chart for price history, or the APG stock overview for the latest quote and news.
APG key metrics FAQ
What is APi's P/E ratio?
APi traded at 52.7 times earnings at the end of fiscal 2025.
What is APi's EV/EBITDA?
APi's enterprise value was 18.4 times EBITDA at the end of fiscal 2025 (enterprise value $18.1 billion, EBITDA $982.0 million); the current EV/EBITDA is 20.6.
What is APi's return on equity?
APi's return on equity (ROE) was 9.5% in fiscal 2025: net income of $302.0 million on average shareholders' equity of $3.2 billion.
What is APi's ROIC?
APi's return on invested capital was 10.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does APi have?
APi had total debt of $3.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.90 and $2.2 billion of net debt (2.20 times EBITDA).
Does APi buy back its shares?
Yes. APi spent $75.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +55.4% over the year, to 416.0M..
What is APi's free cash flow yield?
APi generated $663.0 million of free cash flow in fiscal 2025, a free cash flow yield of 4.2% on its market value at year-end ($15.9 billion).
What is APi's current ratio?
APi's current ratio was 1.50 at the end of fiscal 2025: current assets were 1.50 times current liabilities.