Quanta Services looks expensive against its earnings at $685.78. It trades at 35x earnings while engineering and construction firms usually get 19x. Fair value runs $328.40 to $417.97, about 19x next year's $19.64 a share, putting the stock 64% above the high end. This is a valuation read only, based on reported earnings and estimates. x.com 

Forgent Power Solutions, which makes electrical distribution equipment for data centers, looks expensive against its earnings. It trades at 34x earnings while the industry usually gets 19x. At 19x next year's $1.17 a share, give or take 12%, fair value is $19.54 to $24.87, leaving the $39.66 price 59% above the high end. This is a valuation-levels view only, without fundamental work. x.com