MYR Group Inc. (MYRG) is a publicly traded company in the Industrials — Engineering & Construction industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure.
Is MYR Group Inc. stock overvalued or undervalued in 2026?
MYR Group Inc. (MYRG) trades at 26.6× earnings (P/E), above the median of the 297 industrials companies over $2bn in Kaplio's universe. At the decade median (24.7×) $260 (-7 %); at its sector median (25.8×) $272 (-3 %).
Kaplio overview: MYR Group Inc.
Market cap $4B · 52 weeks $204 – $501 (44 % below the high) · P/E 26.6× · 2027 expected P/E 19.5× · Dividend none · Next earnings March 3, 2027 · expected EPS $2.99 · Closing price, Oct 28 · accounts published Oct 28.
- Valuation: P/E 26.6× (fairly priced).
- Business: ROIC 18 % (solid).
- Balance sheet: Net cash/EBITDA 0.2× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (24.7×) $260 (-7 %); at its sector median (25.8×) $272 (-3 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in industrials: 6 of 10 pass
- Operating margin 4.4 %, fails.
- Capex / Revenue 2.6 %, fails.
- P/E vs own 10y history 26.6×, fails.
- Cycle-adjusted EV/EBITDA 13.8×, fails.
- 5y revenue growth 11.7 %, passes.
- ROIC 17.9 %, passes.
- FCF conversion 196.1 %, passes.
- Net debt / EBITDA −0.2×, passes.
- Altman Z-Score 5.3, passes.
- Piotroski F-Score 8 de 9, passes.
Against its peers (reference peers) — MYR Group Inc.: P/E 26.6×; EV/EBITDA 13.8×; ROIC 17.9 %; $4.4B. Primoris Services Corporation (P/E 29.0×; EV/EBITDA 15.2×; ROIC 5.7 %; $4.0B), Everus Construction Group, Inc. (P/E 19.1×; EV/EBITDA 14.3×; ROIC 20.9 %; $4.8B), Dycom Industries, Inc. (P/E 21.7×; EV/EBITDA 8.4×; ROIC 11.9 %; $7.2B).
Expensive or cheap against its last 8 years?
P/E at each close: today 26.6× · median 24.7× · minimum 8.6× · maximum 33.7× · cheap below 19.3× · expensive above 28.4×. It has been cheaper than today 64% of the time over its last 8 years.
Profitability
| Return on Equity | 24.17% |
| Return on Invested Capital | 17.94% |
| Return on Assets | 9.88% |
| Gross Margin | 12.40% |
| Operating Margin | 5.54% |
| Net Margin | 4.13% |
Financial Health
| Debt / Equity | 0.09 |
| Current Ratio | 1.40 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 5.26 |
Price Performance
| 1 month | -2.91% |
| 3 months | -16.00% |
| Year-to-date | +28.11% |
| 1 year | +24.14% |
| 3 years | +146.86% |
| 5 years | +174.03% |
| 10 years | +838.07% |
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Explore sector: Industrials · Engineering & Construction
More sections of MYRG: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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