MYR Group, Inc.
MYRG
$445.72
+4.86%
MYR Group Inc. is a holding company for specialty electrical construction service providers, operating in the Engineering & Construction industry within the Industrials sector. The company serves electric utility, commercial, and industrial construction markets across the United States and Canada, offering a comprehensive suite of services including design, engineering, procurement, construction, upgrades, maintenance, and repair. It is a significant player in the electrical infrastructure space, particularly known for its work on transmission and distribution (T&D) networks and substation facilities, which forms its primary revenue segment. The current investor narrative is heavily focused on the company's strategic expansion and strong operational execution, as evidenced by its recent definitive agreement to acquire Valley Electric and Comet Electric, a move aimed at accelerating growth and solidifying its market position amidst a favorable environment for infrastructure and grid modernization spending.…
MYRG
MYR Group, Inc.
$445.72
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MYRG 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on MYR Group, Inc.'s 12-month outlook, with a consensus price target around $579.44 and implied upside of +30.0% versus the current price.
Average Target
$579.44
1 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
1
covering this stock
Price Range
$357 - $579
Analyst target range
Analyst coverage for MYRG appears limited, with data indicating only one analyst providing estimates for revenue and EPS. The single analyst estimates average revenue of $6.22 billion and average EPS of $21.61 for the period in question. The provided data does not include a consensus price target, Buy/Hold/Sell distribution, or a target price range, which is typical for a smaller-cap stock with limited institutional coverage. The recent institutional ratings show a pattern of maintained bullish or neutral stances; for instance, Stifel has maintained a 'Buy' rating, Goldman Sachs a 'Neutral', and Cantor Fitzgerald an 'Overweight' as recently as March 2026. The lack of a broad consensus target and the minimal number of analysts covering the stock implies it is likely a small to mid-cap company with lower institutional visibility. This limited coverage can lead to higher volatility and less efficient price discovery, as the stock's movement is driven more by company-specific news and results rather than a broad analyst narrative.
MYRG Technical Analysis
The stock is in a powerful, sustained uptrend, having gained 181.61% over the past year. As of the latest close at $451.40, the price is trading near the top of its 52-week range, approximately 93% of the way from its 52-week low of $158.48 toward its high of $484.71. This positioning near all-time highs reflects strong bullish momentum but also suggests the stock may be extended and vulnerable to a pullback or consolidation. The short-term momentum shows signs of cooling; the stock is down 3.66% over the past month, diverging from its explosive 73.02% gain over the past three months. This 1-month pullback could represent a healthy consolidation after the parabolic move from late April to early May, where the price surged from around $320 to nearly $480. The stock exhibits significant volatility, with a beta of 1.297, indicating it is approximately 30% more volatile than the broader market, which is a critical consideration for risk management. Key technical support is anchored at the 52-week low of $158.48, though more immediate support lies near the $400-$420 zone where the recent consolidation began. The primary resistance is the 52-week high of $484.71; a decisive breakout above this level could signal a continuation of the primary uptrend, while a failure and reversal could indicate a double-top formation and a more significant correction.
Beta
1.32
1.32x market volatility
Max Drawdown
-15.0%
Largest decline past year
52-Week Range
$160-$485
Price range past year
Annual Return
+169.5%
Cumulative gain past year
| Period | MYRG Return | S&P 500 |
|---|---|---|
| 1m | -4.8% | -0.1% |
| 3m | +70.7% | +12.0% |
| 6m | +104.1% | +8.8% |
| 1y | +169.5% | +22.9% |
| ytd | +96.6% | +8.8% |
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MYRG Fundamental Analysis
MYRG is demonstrating robust revenue growth and a strong recovery in profitability. For Q4 2025, the company reported revenue of $973.5 million, representing a year-over-year growth of 17.32%. This growth is part of a clear multi-quarter acceleration, as evidenced by sequential quarterly revenue increases from $833.62 million in Q1 2025 to the latest figure. The company's net income for the quarter was $36.5 million, translating to a net margin of 3.75%, a significant improvement from the 1.92% net margin in Q4 2024. Profitability metrics show a positive trajectory; the gross margin for Q4 2025 was 11.43%, and the operating margin was 4.76%. The trailing twelve-month free cash flow is a healthy $232.2 million, indicating the business is generating substantial cash from operations. The balance sheet appears solid with a conservative debt-to-equity ratio of 0.16 and a current ratio of 1.33, suggesting adequate short-term liquidity. The return on equity (ROE) of 17.93% is strong and reflects efficient use of shareholder capital. The company's cash generation, evidenced by the $232.2 million in TTM FCF, provides ample internal funding for growth initiatives like the recent acquisitions, reducing reliance on external financing.
Quarterly Revenue
$973500000.0B
2025-12
Revenue YoY Growth
+0.17%
YoY Comparison
Gross Margin
+0.11%
Latest Quarter
Free Cash Flow
$232194999.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is MYRG Overvalued?
Given the company's positive net income, the primary valuation metric is the Price-to-Earnings (P/E) ratio. The trailing P/E ratio is 28.86x, while the forward P/E is 34.25x based on estimated EPS. The higher forward multiple suggests the market is pricing in expectations for continued, albeit potentially slower, earnings growth. Compared to its own historical range, the current trailing P/E of 28.86x is elevated, sitting above the levels seen throughout much of 2024 and early 2025 (which ranged from the teens to low 20s), indicating the market has re-rated the stock higher on improved fundamentals and growth prospects. The stock also trades at a Price-to-Sales (P/S) ratio of 0.93x and an EV/Sales of 1.77x. While direct industry average multiples are not provided in the data, a P/S below 1.0 for a profitable company with double-digit revenue growth and expanding margins could be viewed as attractive relative to many industrial peers, suggesting the market may not be fully pricing in the operational improvement story. The PEG ratio of 0.09, derived from the provided data, appears anomalously low and may not be reliable without confirming the growth rate used in its calculation.
PE
28.9x
Latest Quarter
vs. Historical
High-End
5-Year PE Range -36x~39x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
14.4x
Enterprise Value Multiple

