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Upturn AI Summary - About
Limbach Holdings Inc(LMB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LMB
10/29/2026: LMB (1-star) is currently NOT-A-BUY. Pass it for now.
Limbach Holdings is a mechanical, electrical, and plumbing contractor that has evolved into a provider of recurring facility maintenance and energy efficiency services. The company has a notable position in institutional and mission-critical sectors, which supports a pivot toward higher-margin service revenue. This shift represents the core growth story, as Limbach aims to reduce its reliance on cyclical construction projects. However, investors face risks from regional concentration, intense competition from larger national players, and potential labor market volatility. The stock may best suit growth-oriented investors interested in infrastructure services, though they should monitor progress in the service segment and overall construction cycle trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company's pivot to high-margin service revenue offers a compelling growth narrative. |
| Momentum investor | Mixed fit | Momentum depends on the ongoing success of the service-margin expansion strategy. |
| Value investor | Mixed fit | Valuation fluctuates with construction cycles, requiring careful entry points. |
| Dividend investor | Weak fit | The company does not currently pay a dividend, prioritizing capital reinvestment. |
| Low-risk investor | Weak fit | Operational risks in construction and exposure to cyclical markets increase volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Small-cap construction stocks can be sensitive to macroeconomic and sector-specific news. |
| Valuation risk | Medium | Stock price reflects expectations of successful transition to a service-heavy model. |
| Competition risk (Infrastructure/MEP) | High | Limbach competes against much larger, well-capitalized firms in the national MEP space. |
| Business quality | Medium | The transition to recurring services improves business quality, but the legacy construction business remains. |
| Dividend income | Low / none | Income investors will not find yield here as capital is retained for growth. |
| Execution risk | Medium | Successfully managing the pivot to services while maintaining project profitability is critical. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 63.99% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/29/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 604.64M USD | Price to earnings Ratio 20.21 | 1Y Target Price 75 |
Price to earnings Ratio 20.21 | 1Y Target Price 75 | ||
Volume (30-day avg) 219.8K shares | Beta 1.32 | 52 Weeks Range 40.74 - 114.95 | Updated Date 10/29/2026 |
52 Weeks Range 40.74 - 114.95 | Updated Date 10/29/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.51 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Construction Services | MEP engineering and construction for new buildings and major renovations. | This is the traditional, lower-margin side of the business that builds the facilities. |
| Service & Maintenance | Long-term maintenance, HVAC repair, and energy efficiency upgrades. | This is the higher-margin, recurring revenue side of the business that investors increasingly favor. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-11-03 | When After Market | Estimate 1.3 | Actual - |
Profitability
Profit Margin 4.42% | Operating Margin (TTM) 4.31% |
Management Effectiveness
Return on Assets (TTM) 6.77% | Return on Equity (TTM) 16.17% |
Valuation
Trailing PE 20.21 | Forward PE 12.24 | Enterprise Value 646.42M | Price to Sales(TTM) 0.88 |
Enterprise Value 646.42M | Price to Sales(TTM) 0.88 | ||
Enterprise Value to Revenue 0.92 | Enterprise Value to EBITDA 10.56 | Shares Outstanding 11.92M | Shares Floating 11.27M |
Shares Outstanding 11.92M | Shares Floating 11.27M | ||
Percent Insiders 6.97 | Percent Institutions 82.91 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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