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    MYR Group (MYRG) Could Be 32% Undervalued Following Its Expanded Credit Facility

    Simply Wall St·09/19/2026 05:26:47
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    MYR Group (MYRG) has just overhauled its lending setup, signing a five year Fourth Amended and Restated Credit Agreement that materially reshapes its access to debt and overall financing flexibility.

    Recent trading shows a mixed picture for MYR Group. The share price is up 23.18% year to date to US$279.28, yet has retreated 12.18% over the past month and 39.43% over the last quarter. The 1 year total shareholder return of 56.15% and 3 year total shareholder return of 106.16% point to strong longer term momentum. This larger credit facility could either support that momentum as investors reassess growth potential or temper it if the added leverage is viewed as raising risk.

    Compare MYR Group's new funding headroom with peers by scanning our hand picked 38 power grid technology and infrastructure stocks that are also tied to large scale grid and energy infrastructure spending.

    Bulls see MYR Group using this expanded credit to support more projects, while bears focus on higher leverage risk. Which side looks more reasonable once you line that up against the current valuation?

    Most Popular Narrative: 32% Undervalued

    Against the last close at $279.28, the most followed narrative pegs MYR Group's fair value at $412. This frames the fresh credit agreement as one more lever inside a bigger long term growth story.

    Strategic capital allocation and a healthy balance sheet (low leverage, substantial borrowing capacity, and new $75 million share repurchase authorization) enable continued investment in organic growth, accretive acquisitions, and share buybacks, supporting future EPS and shareholder returns.

    See why 10 investors see MYR Group as 32% undervalued.

    Result: Fair Value of $412 (UNDERVALUED)

    Still, MYR Group’s story can change quickly if labor shortages squeeze project margins or if more volatile Commercial & Industrial backlog unsettles earnings visibility.

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

    Next Steps

    Sentiment around MYR Group is clearly split. Check the raw numbers yourself, form an independent view promptly, and then review the 5 key rewards.

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    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.