MYR Group Inc. Common Stock (MYRG)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-minded value investor, I start with the business and then ask what I am paying for it. MYR Group is a 9,000-employee electrical construction contractor serving utilities and commercial customers. Its returns are respectable but not fortress-like: FairStock calculates ROE of 24.71%, ROCE of 8.48%, and debt-to-equity of only 0.09%. The low debt and Altman Z-score of 4.65 suggest a sound balance sheet. Recent results are strong. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.1B, net income $49.9M, and diluted EPS $3.17; a year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $900.3M, net income $26.5M, and diluted EPS $1.70. For FY2025, ended 2025-12-31, revenue was $3.7B and net income $118.4M, versus FY2024 revenue of $3.4B and net income of $30.3M, which shows a big rebound from a weak year. FairStock's Lynch category is STALWART, with 15.0% annual profit growth and 10.2% revenue growth over five years. But price matters. At the 2026-10-13 close of $309.09, the FairStock P/E is 29.35, P/B is 6.38, and EV/EBITDA is 16.03. The Graham Number is $107.15, producing a margin of safety of -188.46%. FCF yield is 4.0%, and PEG is 0.33. The growth-adjusted number looks attractive, but Graham would demand a much wider discount. I see a decent, low-debt operator with cyclical project risk and a price that already assumes sustained improvement. FairStock score 49/100 and Piotroski 5/9 reinforce a middling, not compelling, value case.

In plain English: MYR Group builds and maintains electrical power lines and commercial electrical systems in the U.S. and Canada. The business has improved lately: in the quarter ended June 30, 2026, it earned $49.9 million on $1.1 billion of revenue, up from $26.5 million on $900.3 million in the same quarter a year earlier. The stock price looks expensive compared with the company's net assets and a conservative asset-based value, even though profits are growing and debt is low.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer