NASDAQ: MYRG · Engineering & Construction
MYR Group (MYRG) fair value: undervalued or overvalued?
As of 29 Sep 2026, Faircurve's model values MYR Group (MYRG) at $336.69 a share. The stock last closed at $304.77, which puts the model's fair value 10.5% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. MYR Group Inc.
Faircurve Insights · 29 Sep 2026
MYR Group Inc. is a provider of electrical construction services operating across the United States and Canada, through its Transmission and Distribution, and Commercial and Industrial divisions.
Faircurve's model on 29 Sep 2026 found a fair value of $336.69 a share, the midpoint of 2,000 simulations. The previous run on 26 Sep 2026 gave $345.54, moving the fair value by -2.6%. The calibrated range over 63 trading days is $282.48 to $410.53, built from the fair value, and held the price 60% of the time at this horizon. The evidence grade is High.
The business scores an overall quality score of 67 out of 100 against comparable companies. Its profitability score is 93, with ROIC at 24.1% against a peer median of 10.5%. The model compares it with Granite Construction Incorporated, Argan, Inc., Primoris Services Corporation, Everus Construction Group, Inc., Exponent, Inc., Fluor Corporation, and Dycom Industries, Inc. The stock moved around its last 8 earnings reports, with a median size, ignoring direction, of 2.6%.
Written from the figures on this page for the 29 Sep 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 MYRG?
The calibrated range for MYRG over 63 trading days is $282.48 to $410.53. 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 = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $271.01 to $414.74. In 73% of the simulations the fair value came out above the price the model ran on.
How does MYRG score on business quality?
MYR Group's overall quality score is 67 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. | 93 | 24.1%ROIC | 10.5% |
| 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). | 42 | 1.17xFCF / net income | 1.51x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 58 | 8.8%Revenue growth, trailing | 20.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 50 | 0.2%Net buybacks / market value | 0.1% |
| Balance sheetNet debt to EBITDA and interest coverage. | 83 | -0.24xNet debt / EBITDA | 1.78x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 63 | 0.9 ptsEBITDA margin downside volatility, 5y | 1.5 pts |
How does MYRG compare with similar companies?
The companies in engineering & construction closest to MYR Group in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| KBR KBR, Inc. | $34.24 | $36.85 | +7.6% | Low evidence grade |
| GVA Granite Construction Incorporated | $119.92 | $136.74 | +14.0% | Fairly valued |
| AGX Argan, Inc. | $383.83 | $343.50 | -10.5% | Fairly valued |
| PRIM Primoris Services Corporation | $79.08 | $75.39 | -4.7% | Fairly valued |
| ECG Everus Construction Group, Inc. | $123.35 | $121.91 | -1.2% | Fairly valued |
| EXPO Exponent, Inc. | $67.30 | $58.37 | -13.3% | Overvalued |
| FLR Fluor Corporation | $49.90 | $58.68 | +17.6% | Undervalued |
| DY Dycom Industries, Inc. | $273.75 | $318.30 | +16.3% | Undervalued |
All engineering & construction stocks ranked by gap to fair value
When does MYRG report earnings, and how has the stock reacted?
MYR Group's next earnings report is scheduled for 28 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 6.7% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How MYRG 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 2.6%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | -2.9% |
| 29 Apr 2026 | +22.3% |
| 25 Feb 2026 | -2.3% |
| 29 Oct 2025 | -2.2% |
| 30 Jul 2025 | -2.3% |
| 30 Apr 2025 | +45.9% |
| 26 Feb 2025 | -1.1% |
| 30 Oct 2024 | +12.5% |
MYR Group at a glance
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial.
- Market value
- $4.6B
- Sector
- Industrials
- Industry
- Engineering & Construction
- Revenue expected, next twelve months
- $4.9B
- Consensus revenue growth, next fiscal year
- +20.3%
- Analysts with estimates
- 4
- Beta to the US market
- 1.84
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices MYR Group 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 MYRG was $345.54. As of 29 Sep 2026 it is $336.69, a change of -2.6%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about MYR Group's valuation
Is MYR Group stock undervalued or overvalued?
On Faircurve's model, MYRG reads as Fairly valued as of 29 Sep 2026. The model's fair value is $336.69 a share against a last close of $304.77, a gap of +10.5%.
What is MYRG's fair value?
$336.69 a share as of 29 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $271.01 to $414.74.
What price range does the model give MYRG?
$282.48 to $410.53 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does MYR Group report earnings next?
The next report is scheduled for 28 Oct 2026. Companies can move their dates.
How much has MYRG moved on past earnings reports?
Across its last 8 reports the median two session move was 2.6%, ignoring direction. The largest was +45.9% around the report of 30 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for MYRG is high. 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.