MYR Group Inc. (MYRG) is a Industrials stock trading at $282.90 (as of 2026-09-02), with a market capitalization of $4.40B and a trailing P/E of 26.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The 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, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.
MYR Group builds and maintains electrical transmission lines, substations, and commercial/industrial power infrastructure for utilities and corporate clients. Roughly half its revenue comes from utility T&D work, with the rest from data centers and industrial projects, and about 60% of work runs on recurring master service agreements.
The 6% operating margin sits on a 60% MSA base and a 90% return-client rate, so the real engine is volume and backlog conversion rather than pricing power.
| Transmission & Distribution | $0.5B |
| Commercial & Industrial | $0.5B |
Business quality (Mixed): Growth is strong at 20% YoY and ROE of 23% is healthy, but 13% gross and 6% operating margins keep this a execution-and-volume story; valuation sits 15% above the Construction peer median, pricing in continued delivery.
Valuation: At 27× earnings, MYRG trades 15% above the Construction average (23×).
| Price | $282.90 |
| Market Cap | $4.40B |
| P/E Ratio | 26.6 |
| EV / EBITDA | 14.6 |
| Price / Book | 5.84 |
| Price / Sales | 1.10 |
| FCF Yield | 5.3% |
| DCF Value (model) | $113.35 |
| DCF Upside vs Price | -59.9% |
| Revenue (TTM) | $3.66B |
| Net Margin | 3.2% |
| Revenue Growth (YoY) | 20.1% |
| EPS Growth (YoY) | 88.2% |
| FCF Growth (YoY) | -47.4% |
| Altman Z-Score | 5.90 (safe) |
| Piotroski F-Score | 8/9 (strong) |
| Stock P/E | 26.6 |
| Sector P/E (Industrials) | 25.7 |
| Industry P/E (Construction) | 22.8 |
| vs Sector | 3.6% |
| vs Industry | 16.8% |
| Top Institutional Holder | BlackRock, Inc. ($681.29M) |
| Institutional Holders Tracked | 10 |
| Sector | Industrials |
| Industry | Construction |
| CEO | Richard S. Swartz Jr. |
| Employees | 8,500 |
| Country | US |
| IPO Date | 2008-08-13 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.