GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MYR Group Inc (NAS:MYRG) » Definitions » Tangible Book per Share

MYR Group (MYR Group) Tangible Book per Share : $27.02 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is MYR Group Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. MYR Group's tangible book value per share for the quarter that ended in Dec. 2023 was $27.02.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


MYR Group Tangible Book per Share Historical Data

The historical data trend for MYR Group's Tangible Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MYR Group Tangible Book per Share Chart

MYR Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tangible Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.62 18.64 23.95 21.54 27.02

MYR Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.54 22.47 24.02 25.49 27.02

Competitive Comparison of MYR Group's Tangible Book per Share

For the Engineering & Construction subindustry, MYR Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Construction Industry

For the Construction industry and Industrials sector, MYR Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where MYR Group's Price-to-Tangible-Book falls into.



MYR Group Tangible Book per Share Calculation

MYR Group's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(651.202-0-200.469)/16.6845
=27.02

MYR Group's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(651.202-0-200.469)/16.6845
=27.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


MYR Group  (NAS:MYRG) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


MYR Group Tangible Book per Share Related Terms

Thank you for viewing the detailed overview of MYR Group's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


MYR Group (MYR Group) Business Description

Traded in Other Exchanges
Address
12121 Grant Street, Suite 610, Thornton, CO, USA, 80241
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