Market Pulse59Neutral

Limbach Holdings, Inc.Opportunity Rank #141(LMB) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$74.13

Last updated: May 08, 2026

Price vs Intrinsic Value

$74.13
Price
$71.61
Intrinsic Value
Overvalued by 3%MOS: $57.29

Fundamental Score

37/100
Bearish

Weighted across 6 signals

Narrative Score

59/100
Improving

No change vs previous

Trend Score

20/100
Weak

As of 2026-05-08

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $71.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $74.13, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 12.21% long-term growth rate and a 10.06% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $71.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $74.13, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 12.21% long-term growth rate and a 10.06% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$71.61
▼ -3.40% downside
20% margin of safety: $57.29
Years: 10Growth Rate: 12.21%
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Capital Efficiency

Average Quarterly ROIC
4.82%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

37/100
BearishWeighted across 6 signals
DCF Discount
3.4% premium to price
44
FCF Yield
4.3% trailing FCF yield
59
ROIC vs WACC
ROIC 4.8% vs WACC 9.0% (0.5x)
27
Net Debt / FCF
1.6x net debt to FCF
42
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
-0.9% 5Y FCF CAGR (adjusted)
0
Strengths: Buybacks. Concerns: ROIC vs WACC, FCF CAGR (5Y).

Narrative Details

59/100
Improving
Vs 6-Month Baseline:High (84th pct)Weighted across 3 recent drivers
Trend: Improving upConfidence: 60%Updated: 16h ago
Sources: 13 (12 News · 1 Analyst)
Drivers(last 30 days)
11 news sentiment+0.9
Regulatory scrutiny+0.0
Analyst reiterations0.0

Trend Details

20/100
WeakAs of 2026-05-08311 daily bars used
Distance from 52-Week High-52.0%
Price vs 21 EMA-19.8%
Price vs 50 EMA-18.1%
Price vs 21 EMA0 · -19.8%
Price vs 50 EMA2 · -18.1%
21 EMA vs 50 EMA66 · +2.1%
3M RS vs SPY2 · -23.5%
6M RS vs SPY7 · -23.5%
Distance from 52W High0 · -52.0%

Investment Coach

Updating... 1d ago
AVOIDConfidence: 58%
Thesis
Limbach Holdings, Inc. shows a valuation upside of approximately 14.7%, but its fundamentals remain weak with returns trailing the estimated cost of capital. Despite a strong and improving narrative, the company's financial performance raises concerns about sustainable value creation.
Key Risk
The key risk is that the company's return on invested capital continues to lag its weighted average cost of capital, undermining long-term profitability.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 12.22%5 Year CAGR (Adjusted): 128.34%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014
$38$50$44$60$36-$23$41$2$29-$1$8$20$

How Intrinziq Estimates Fair Value

Intrinziq estimates Limbach Holdings, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Limbach Holdings, Inc.Industrials

Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers and K-12 facilities; sports arenas; entertainment facilities, and amusement rides; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; office building and other commercial structures; data centers; and industrial manufacturing facilities. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.