NYSE: DY · Engineering & Construction
Dycom Industries (DY) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Dycom Industries (DY) at $343.94 a share. The stock last closed at $273.75, which puts the model's fair value 25.6% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 2 Oct 2026. Dycom Industries, Inc.
Faircurve Insights · 3 Oct 2026
Dycom Industries, Inc. provides specialty contracting services to the digital infrastructure, telecommunications infrastructure, and utility industries in the United States. It operates through Communications and Building Systems segments.
Faircurve's model on 3 Oct 2026 found a fair value of $343.94 a share, the midpoint of 2,000 simulations. The previous run on 26 Sep 2026 gave $318.00, and the fair value moved +8.2%. The calibrated range over 63 trading days was $286.95 to $416.96, built from the fair value, since there is no live options data for the stock, calibrated weekly against realised prices (4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The evidence grade for this valuation was Medium.
The overall quality score was 58 out of 100 against comparable companies. The model compares Dycom Industries, Inc. with Tetra Tech, Inc. (TTEK), Fluor Corporation (FLR), Everus Construction Group, Inc. (ECG), Argan, Inc. (AGX), Granite Construction Incorporated (GVA), MYR Group Inc. (MYRG), and Primoris Services Corporation (PRIM). Around the last 8 earnings reports, the stock moved by a median size of 9.4%, ignoring direction.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give DY?
The calibrated range for DY over 63 trading days is $286.95 to $416.96. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is below this range. For names with fair value 15 to 30% above price, the calibrated range has held the price 50% of the time over 63 trading days, and 48% ended below it; the typical move was +3.7%.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $241.59 to $477.85. In 70% of the simulations the fair value came out above the price the model ran on.
How does DY score on business quality?
Dycom Industries's overall quality score is 58 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 56 | 13.3%ROIC | 12.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 74 | 1.42xFCF / net income | 1.24x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 82 | 17.9%Revenue growth, trailing | 16.9% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 28 | 0.4%Net buybacks / market value | 0.3% |
| Balance sheetNet debt to EBITDA and interest coverage. | 28 | 2.32xNet debt / EBITDA | 1.04x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 44 | 1.2 ptsEBITDA margin downside volatility, 5y | 1.1 pts |
How does DY compare with similar companies?
The companies in engineering & construction closest to Dycom Industries in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| TTEK Tetra Tech, Inc. | $33.12 | $34.36 | +3.7% | Fairly valued |
| FLR Fluor Corporation | $49.90 | $58.99 | +18.2% | Undervalued |
| ECG Everus Construction Group, Inc. | $123.35 | $127.26 | +3.2% | Fairly valued |
| AGX Argan, Inc. | $383.83 | $371.22 | -3.3% | Fairly valued |
| GVA Granite Construction Incorporated | $119.92 | $141.37 | +17.9% | Undervalued |
| MYRG MYR Group Inc. | $304.77 | $353.14 | +15.9% | Undervalued |
| KBR KBR, Inc. | $34.24 | $36.64 | +7.0% | Low evidence grade |
| PRIM Primoris Services Corporation | $79.08 | $81.27 | +2.8% | Fairly valued |
All engineering & construction stocks ranked by gap to fair value
When does DY report earnings, and how has the stock reacted?
Dycom Industries's next earnings report is scheduled for 24 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 7.3% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How DY moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 9.4%.
| Report date | Two session move |
|---|---|
| 26 Aug 2026 | -12.4% |
| 27 May 2026 | +27.3% |
| 4 Mar 2026 | -8.3% |
| 19 Nov 2025 | +9.2% |
| 20 Aug 2025 | -2.7% |
| 21 May 2025 | +50.0% |
| 26 Feb 2025 | -5.7% |
| 20 Nov 2024 | -9.6% |
Dycom Industries at a glance
Dycom Industries, Inc. provides specialty contracting services to the digital infrastructure, telecommunications infrastructure, and utility industries in the United States. It operates through Communications and Building Systems segments.
- Market value
- $8.2B
- Sector
- Industrials
- Industry
- Engineering & Construction
- Revenue expected, next twelve months
- $8.2B
- Consensus revenue growth, next fiscal year
- +36.9%
- Analysts with estimates
- 5
- Beta to the US market
- 1.57
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Dycom Industries on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for DY was $318.00. As of 3 Oct 2026 it is $343.94, a change of +8.2%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Dycom Industries's valuation
Is Dycom Industries stock undervalued or overvalued?
On Faircurve's model, DY reads as Undervalued as of 3 Oct 2026. The model's fair value is $343.94 a share against a last close of $273.75, a gap of +25.6%.
What is DY's fair value?
$343.94 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $241.59 to $477.85.
What price range does the model give DY?
$286.95 to $416.96 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Dycom Industries report earnings next?
The next report is scheduled for 24 Nov 2026. Companies can move their dates.
How much has DY moved on past earnings reports?
Across its last 8 reports the median two session move was 9.4%, ignoring direction. The largest was +50.0% around the report of 21 May 2025.
How confident is the model in this valuation?
The model's evidence grade for DY is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.