Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). MYR Group's share price for the quarter that ended in Dec. 2023 was $144.63. MYR Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 17 Mil. Therefore, MYR Group's market cap for the quarter that ended in Dec. 2023 was $2,413 Mil.
MYR Group's quarterly market cap
declined
from Jun. 2023 ($2,312 Mil) to Sep. 2023 ($2,252 Mil) but then
increased
from Sep. 2023 ($2,252 Mil) to Dec. 2023 ($2,413 Mil).
MYR Group's annual market cap
declined
from Dec. 2021 ($1,865 Mil) to Dec. 2022 ($1,525 Mil) but then
increased
from Dec. 2022 ($1,525 Mil) to Dec. 2023 ($2,413 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. MYR Group's Enterprise Value for Today is $2,828 Mil.
MYR Group Market Cap Historical Data
The historical data trend for MYR Group's Market Cap 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.
For the Engineering & Construction subindustry, MYR Group's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Construction Industry
For the Construction industry and Industrials sector, MYR Group's Market Cap distribution charts can be found below:
* The bar in red indicates where MYR Group's Market Cap falls into.
MYR Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
MYR Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
MYR Group (NAS:MYRG) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
MYR Group Market Cap Related Terms
Thank you for viewing the detailed overview of MYR Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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