• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Assessing MYR Group (MYRG) Valuation After A Strong Multi‑Year Shareholder Return Run

    Simply Wall St·02/01/2026 10:24:10
    Listen to the news

    Stock performance snapshot and business context

    MYR Group (MYRG) has caught investor attention after a recent session where the stock closed at $250.04, with short term and longer term returns showing mixed moves over the past week, month and past 3 months.

    The company provides electrical construction services across the United States and Canada through its Transmission and Distribution and Commercial and Industrial segments, serving utilities, developers, industrial facilities and government entities.

    See our latest analysis for MYR Group.

    At a share price of $250.04, MYR Group has given investors a 10.3% year to date share price return, alongside a 76.6% total shareholder return over the past year and a 5 year total shareholder return above 3x, which suggests recent momentum has built on a longer period of strong compounding for shareholders.

    If MYR Group’s run has you looking for other ideas, it could be a good time to broaden your search with fast growing stocks with high insider ownership.

    With MYR Group now trading near its analyst price target, recent gains and solid reported growth in revenue and net income raise a key question for you: is there still a buying opportunity here, or is the market already pricing in future growth?

    Most Popular Narrative: 2.8% Overvalued

    With MYR Group closing at $250.04 versus a most-followed fair value estimate of about $243.20, the key question is what assumptions sit behind that gap.

    Significant multi-year utility contracts (notably the new 5-year master service agreement with Xcel Energy and others in the Northeast/Midwest) are set to expand recurring revenues and improve backlog visibility, supporting higher future revenue and greater earnings predictability.

    Read the complete narrative.

    Want to see how recurring contracts, margin expectations and the chosen earnings multiple all fit together? The narrative spells out a clear earnings path and the pricing logic behind that fair value call.

    Result: Fair Value of $243.20 (OVERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, you still need to weigh risks such as volatile C&I backlog and labor cost inflation, which could pressure margins and unsettle that overvaluation story.

    Find out about the key risks to this MYR Group narrative.

    Build Your Own MYR Group Narrative

    If you look at the numbers and reach a different conclusion, or simply prefer to work from your own assumptions, you can build a complete view and Do it your way in just a few minutes.

    A great starting point for your MYR Group research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

    Looking for more investment ideas?

    If MYR Group is already on your radar, it is worth widening your watchlist now so you are not relying on a single story to shape your portfolio.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.