MYR Group Inc. (MYRG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-79.5%

$56.99

vs $278.24 price

Levered DCF

$277.99

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.09

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	28.86×	80.85×	26.54×	18.53×	21.89×	17.07×	14.36×	14.9×
P/B	5.18×	4.08×	3.71×	2.75×	3.59×	2.34×	1.48×	1.43×
P/S	0.93×	0.73×	0.66×	0.51×	0.75×	0.45×	0.26×	0.3×
EV / EBITDA	14.44×	21.71×	13.04×	8.9×	10.98×	7.8×	7.1×	6.34×
Gross margin	11.5%	8.6%	10.0%	11.4%	13.0%	12.3%	10.3%	10.9%
Operating margin	4.4%	1.6%	3.5%	3.8%	4.7%	3.9%	2.8%	3.3%
Net margin	3.2%	0.9%	2.5%	2.8%	3.4%	2.6%	1.8%	2.0%
Current ratio	1.33×	1.35×	1.37×	1.33×	1.5×	1.44×	1.61×	1.68×
Debt / equity	0.16×	0.2×	0.11×	0.13×	0.05×	0.12×	0.52×	0.29×
Interest coverage	28.79×	8.29×	26.14×	32.25×	65.9×	18.97×	9.19×	13.78×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.9%	5.0%	14.0%	14.9%	16.4%	13.7%	10.3%	9.6%
Return on invested capital	13.8%	4.2%	11.1%	11.2%	13.7%	11.1%	6.5%	7.8%
Return on assets	7.2%	1.9%	5.8%	6.0%	7.6%	5.9%	3.7%	4.2%
Free cash flow yield	6.8%	0.5%	-0.6%	5.9%	4.6%	13.0%	1.3%	7.4%
Earnings yield	3.5%	1.2%	3.8%	5.4%	4.6%	5.9%	7.0%	6.7%
Enterprise value	$3.4B	$2.6B	$2.5B	$1.6B	$1.8B	$1B	$718.6M	$548.1M
Net debt / EBITDA	-0.2×	0.99×	0.26×	0.13×	-0.34×	0.22×	1.76×	0.98×
Cash conversion cycle (days)	50	70	56	53	57	65	70	72