LMB

Limbach Holdings, Inc.

Basic Materials · $576M market cap

Verdict

Share price

$49.10

close of Oct 3, 2026

Fair value

$98.12

Sticker Price

Payback Price

$39.25

buy price

Undervalued

LMB is Undervalued: at $49.10 it trades 50% below its fair value of $98.12. Its buy price (Payback Price) is $39.25, 20% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 9% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth57.0% a year✓
Equity per share growth8.5% a year✗
Sales growth2.6% a year✗
Free cash flow growth6.8% a year✗
Return on invested capital15.6%✓

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Superinvestors

None of the investors we track holds LMB right now. In Q1 2026, 2 sold out. Who we track

Moves in Q1 2026

Sold out: Tom Bancroft, Polen Capital Management

Insider activity

Since Jun 15, 2026: no open-market purchases, 4 sales worth $389K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Limbach Holdings, Inc.

Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection…

Construction Materials

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works