MYR Group, Inc.

Valuation Analysis

About the Company

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging inf

MYR Group, Inc. Stock at a Glance

MYR Group, Inc. (MYRG) is currently trading at $445.72 with a market capitalization of $6.9B. The trailing P/E ratio stands at 49.25x, with a forward P/E of 33.82x. The 52-week range spans from $161.55 to $484.71; the current price is 8% below the yearly high. Year-over-year revenue growth stands at +20.0%. The net profit margin stands at 3.71%.

💰 Dividend

MYR Group, Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Analyst Rating

6 analysts rate MYR Group, Inc. (MYRG) on consensus: None. The average price target is $455.00, implying +2.08% from the current price. Analyst price targets range from $295.00 to $564.00.

MYR Group, Inc.: The Investment Case in Detail

MYR Group, Inc. (MYRG) operates in the Industrials — specifically Engineering & Construction — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 20% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 106.2% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base.

The Bear Case

With a net margin of just 3.71%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

At a PEG of 3.41, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here. The EV/EBITDA multiple of 26.17x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

What to Watch Next

• The forward P/E of 33.82x is meaningfully below the trailing 49.25x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to market-like volatility, elevated short interest (5.39%).

Trading Data

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