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MYR GroupSTU:MYP -2.63%78 Beneish M-Score is -2.98 as of Jul. 31, 2026. GuruFocus rates STU:MYP with a GF Score™ of 78/100 and a GF Value™ of €159.33 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,696 Construction companies, MYR Group ranks better than 87.44% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.98 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for MYR Group's Beneish M-Score or its related term are showing as below:
STU:MYP'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.29 Med: -2.6 Max: -1.86
Current: -2.98
During the past 13 years, the highest Beneish M-Score of MYR Group was -1.86. The lowest was -3.29. And the median was -2.60.
The historical data trend for MYR Group's Beneish M-Score 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.
STU:MYP vs ROAD, GVA, LGN: Beneish M-Score Comparison
For the Engineering & Construction subindustry, MYR Group's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, MYR Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where MYR Group's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of MYR Group for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.8536
+
0.528 * 0.8432
+
0.404 * 0.8737
+
0.892 * 1.0958
+
0.115 * 1.1117
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9849
+
4.679 * -0.07965
-
0.327 * 0.8813
=
-2.98
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(59.844 / (59.844 + 283.702))
/
(59.977 / (59.977 + 322.782))
=
0.174195
/
0.156697
=
1.1117
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(142.309 - 2.235
-
255.702)
/
1451.7
=
-0.07965
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
MYR Group has a M-score of -2.98 suggests that the company is unlikely to be a manipulator.
MYR Group (STU:MYP) has a Beneish M-Score of -2.98 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MYR Group and its competitors. According to the industry distribution chart, MYR Group ranks #213 out of 1696 companies in the Construction industry, placing it in the top 12.6%.
Is MYR Group's Beneish M-Score too high?
MYR Group's current Beneish M-Score is -2.98. Based on the distribution chart, MYR Group ranks #213 out of 1696 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, MYR Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MYR Group's Beneish M-Score compare to ROAD and GVA?
According to the Construction industry distribution chart, MYR Group ranks #213 out of 1696 companies for Beneish M-Score. This places MYR Group in the top 13% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Construction company?
A good Beneish M-Score depends on the Construction industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MYR Group and its competitors. MYR Group's current Beneish M-Score is -2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MYR Group stock overvalued right now?
Based on GuruFocus' analysis, MYR Group (STU:MYP) is currently considered Significantly Overvalued. The stock's GF Value™ is €159.33, compared to a current price of €274.10 — trading 72% above its estimated fair value. The current Beneish M-Score is -2.98. MYR Group's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For MYR Group (STU:MYP), the current Beneish M-Score is -2.98 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MYR Group (STU:MYP) Overvalued in 2026?
Based on GuruFocus' analysis, MYR Group stock appears to be overvalued.
The current stock price of €274.10 is trading 72% above its estimated GF Value™ of €159.33.
GuruFocus considers MYR Group to be Significantly Overvalued.
Key valuation signals for STU:MYP:
Beneish M-Score: -2.98
GF Value™: €159.33 vs. price of €274.10 (72% above fair value)
No single metric tells the full story. See the STU:MYP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MYR Group Inc is a U.S. based holding company of specialty electrical construction service providers. Through its subsidiaries, it serves electric utility, commercial, and industrial construction markets in the United States and Canada, offering services such as design, engineering, procurement, construction, upgrades, maintenance, and repair, with a focus on construction, maintenance, and repair work. The company operates through two segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). The majority of revenue is derived from the T&D segment, which provides a range of services on electric transmission and distribution networks and substation facilities, which include design, engineering, procurement, construction, upgrade and maintenance and repair services.
78GF Score
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