MYR Group (MYR Group) GF Value Rank : 3 (As of Apr. 29, 2024)

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What is MYR Group GF Value Rank?

MYR Group has the GF Value Rank of 3.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of MYR Group's GF Value Rank

For the Engineering & Construction subindustry, MYR Group's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MYR Group's GF Value Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, MYR Group's GF Value Rank distribution charts can be found below:

* The bar in red indicates where MYR Group's GF Value Rank falls into.

MYR Group GF Value Rank Related Terms

Thank you for viewing the detailed overview of MYR Group's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

MYR Group (MYR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MYR Group Inc (NAS:MYRG) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

MYP:Germany

Address

12121 Grant Street, Suite 610, Thornton, CO, USA, 80241

Website

https://www.myrgroup.com

MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.

Executives

Swartz Richard S. Jr.	officer: Group VP	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
William Fry	officer: VP, CLO and Secretary	10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042
Don A. Egan	officer: SVP and COO C&I	12121 GRANT STREET, SUITE 610, THORNTON CO 80241
Maurice E. Moore	director	1100 LATHROP AVENUE, RIVER FOREST IL 60305
Betty R. Johnson	director	1115 CENTRAL AVE #239, NAPLES FL 34103
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Jeffrey J. Waneka	officer: SVP and COO C&I	1701 GOLF ROAD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Tod M. Cooper	officer: Senior Vice President	1701 GOLF RD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Bradley Thede Favreau	director	438 CLEARMONT AVE, APT C, BROOKLYN NY 11238
Kelly Michelle Huntington	officer: Senior VP	7575 NORTH PENNSYLVANIA STREET, INDIANAPOLIS IN 46240
Ajoy Hari Karna	director	2501 M ST NW, UNIT 508, WASHINGTON DC 20037
William A Koertner	director, officer: Chairman, President and CEO	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
Shirin O'connor	director	3054 CREEKSIDE DRIVE, SENECA SC 29672
William Patterson	director	60 ARDMORE ROAD, HO-HO-KUS NJ 07423
Gary Ronald Johnson	director	6599 PINNACLE DRIVE, EDEN PRAIRIE MN 55346