EMCOR Group, Inc. (EME)

Electrical Work

Latest Price

$754.49

TTM P/E

23.50

Normalized P/E

40.31

Div Yield

0.17%

Book Value

91.78

P/B Ratio

8.22

Valuation metrics

EPS: $28.19

Book value / share: $82.52

Formula: √(22.5 × EPS × BVPS)

Graham Number

$228.78

70% downside

Norm. op. income: $565M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$116.98

84% downside

Base FCF: $821M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1,397.76

+85% upside

EPS: $28.19

Target P/E: 40×

Formula: EPS × P/E

P/E Fair Value

$1,127.60

+49% upside

92.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	4.12M	$3.42B	9.31%	+8.6K	2026-06-30
Vanguard Capital Management LLC	2.90M	$2.41B	6.56%	+1.1K	2026-06-30
Vanguard Portfolio Management LLC	1.99M	$1.65B	4.49%	-9.6K	2026-06-30
State Street Corp	1.98M	$1.64B	4.47%	+43.9K	2026-06-30
FMR LLC	1.33M	$1.11B	3.02%	-624.2K	2026-06-30
Geode Capital Management, LLC	1.28M	$1.06B	2.90%	-195.0K	2026-06-30
AQR Capital Management LLC	930.8K	$759.0M	2.10%	-6.3K	2026-06-30
First Trust Advisors LP	772.9K	$641.0M	1.75%	+142.5K	2026-06-30
Kayne Anderson Rudnick Investment Management LLC	613.0K	$508.0M	1.39%	-93.9K	2026-06-30
Victory Capital Management Inc	587.5K	$487.0M	1.33%	-163.5K	2026-06-30