MYR Group Valuation

Is MYRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MYRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MYRG ($104.04) is trading below our estimate of fair value ($176.32)

Significantly Below Fair Value: MYRG is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MYRG?

Other financial metrics that can be useful for relative valuation.

MYRG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA14.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does MYRG's PE Ratio compare to its peers?

The above table shows the PE ratio for MYRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.2x
AMRC Ameresco
25.6x28.0%US$1.5b
PRIM Primoris Services
18.4x15.7%US$2.9b
STRL Sterling Infrastructure
21.1x11.5%US$3.5b
IESC IES Holdings
19.7xn/aUS$3.5b
MYRG MYR Group
34.9x52.7%US$1.8b

Price-To-Earnings vs Peers: MYRG is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the peer average (21.2x).


Price to Earnings Ratio vs Industry

How does MYRG's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MYRG is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the US Construction industry average (26.2x).


Price to Earnings Ratio vs Fair Ratio

What is MYRG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MYRG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.9x
Fair PE Ratio54.5x

Price-To-Earnings vs Fair Ratio: MYRG is good value based on its Price-To-Earnings Ratio (34.9x) compared to the estimated Fair Price-To-Earnings Ratio (54.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MYRG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$104.04
US$148.00
+42.3%
17.5%US$182.00US$119.00n/a3
Aug ’25US$109.00
US$165.67
+52.0%
10.0%US$182.00US$143.00n/a3
Jul ’25US$132.90
US$174.67
+31.4%
3.0%US$182.00US$170.00n/a3
Jun ’25US$155.06
US$174.67
+12.6%
3.0%US$182.00US$170.00n/a3
May ’25US$164.82
US$180.50
+9.5%
5.0%US$188.00US$165.00n/a4
Apr ’25US$175.56
US$180.75
+3.0%
5.1%US$188.00US$165.00n/a4
Mar ’25US$166.28
US$174.75
+5.1%
5.9%US$185.00US$164.00n/a4
Feb ’25US$148.52
US$162.00
+9.1%
6.9%US$175.00US$144.00n/a4
Jan ’25US$144.63
US$156.50
+8.2%
5.5%US$165.00US$144.00n/a4
Dec ’24US$127.85
US$154.00
+20.5%
5.6%US$165.00US$144.00n/a3
Nov ’24US$113.36
US$159.00
+40.3%
3.8%US$165.00US$153.00n/a2
Oct ’24US$134.76
US$167.50
+24.3%
1.5%US$170.00US$165.00n/a2
Sep ’24US$142.46
US$167.50
+17.6%
1.5%US$170.00US$165.00n/a2
Aug ’24US$144.74
US$167.50
+15.7%
1.5%US$170.00US$165.00US$109.002
Jul ’24US$138.34
US$146.00
+5.5%
0.7%US$147.00US$145.00US$132.902
Jun ’24US$127.83
US$146.00
+14.2%
0.7%US$147.00US$145.00US$155.062
May ’24US$127.56
US$146.00
+14.5%
0.7%US$147.00US$145.00US$164.822
Apr ’24US$126.01
US$132.33
+5.0%
6.7%US$140.00US$120.00US$175.563
Mar ’24US$121.69
US$130.33
+7.1%
6.3%US$140.00US$120.00US$166.283
Feb ’24US$99.26
US$108.00
+8.8%
9.8%US$121.00US$95.00US$148.523
Jan ’24US$92.07
US$105.75
+14.9%
9.4%US$121.00US$95.00US$144.634
Dec ’23US$95.66
US$105.00
+9.8%
9.4%US$121.00US$95.00US$127.854
Nov ’23US$89.78
US$105.00
+17.0%
9.4%US$121.00US$95.00US$113.364
Oct ’23US$84.73
US$107.67
+27.1%
11.1%US$121.00US$92.00US$134.763
Sep ’23US$91.02
US$107.67
+18.3%
11.1%US$121.00US$92.00US$142.463
Aug ’23US$96.73
US$104.67
+8.2%
11.6%US$121.00US$92.00US$144.743

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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