MYR Group builds, maintains and repairs the electrical infrastructure that carries power, including high-voltage transmission lines, substations and local distribution lines, for utilities in the U.S. and Canada. It also does electrical wiring and installation work for buildings like data centers, hospitals, airports and factories, plus roadway lighting and traffic signals. Its crews also restore power after hurricanes, wildfires and ice storms.

What is MYR's fair value?

On an owner-earnings DCF, MYR's most-likely fair value is about $267, versus a recent price near $312. A margin-of-safety estimate, not a price target. Analysis, not advice.

Industrials · Engineering & Construction · MYRG

What MYR Does & How It Makes Money (MYRG)

Updated October 2026 · reflects MYR's latest reported financials

U.S. and Canadian electrical construction contractor for utilities and commercial facilities. It earns revenue as a contractor, charging utilities, developers, general contractors, facility owners and government agencies for electrical construction, upgrade, maintenance and repair projects across its Transmission & Distribution and Commercial & Industrial segments.

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How MYR makes money

It earns revenue as a contractor, charging utilities, developers, general contractors, facility owners and government agencies for electrical construction, upgrade, maintenance and repair projects across its Transmission & Distribution and Commercial & Industrial segments.

What MYR does

MYR Group is a specialty electrical construction company operating in the United States and Canada, founded in 1891 and headquartered in Thornton, Colorado. Its Transmission and Distribution segment serves investor-owned utilities, cooperatives, government-funded utilities, independent power producers, independent transmission companies and developers. It builds and maintains high-voltage transmission lines, substations and lower-voltage distribution systems, and also works on clean energy projects, EV charging infrastructure and emergency restoration after severe weather. The Commercial and Industrial segment designs, installs, maintains and repairs electrical wiring for facilities such as data centers, hospitals, airports, stadiums, manufacturing and processing plants, water treatment and mining sites. It also installs intelligent transportation systems, roadway lighting and signalization. Customers include general contractors, facility owners, government agencies and developers. The company's work is tied to spending on the power grid and on electrical systems for buildings.

Products & services

High-voltage transmission line construction and maintenance
Substation construction and upgrades
Underground and overhead distribution systems
Emergency storm and wildfire power restoration
Commercial and industrial electrical wiring (e.g., data centers, hospitals)
Roadway lighting, signalization and EV charging infrastructure

What is MYR worth?

On an owner-earnings DCF, MYR's most-likely value is about $267 versus a recent price near $312 (14% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$116) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $312

Fair value (most likely)

$267

Range

$186–$439

No-growth floor

$116

Price

~$312

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Industrials Industry Engineering & Construction HQ United States Ticker MYRG Official site

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