P/E ratio for MYR Group (MYRG)
P/E ratio as of May 2024 (TTM): 27.7
According to MYR Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.6539. At the end of 2022 the company had a P/E ratio of 18.5.
P/E ratio history for MYR Group from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.5 | -15.55% |
| 2021 | 21.9 | 28.58% |
| 2020 | 17.0 | 18.59% |
| 2019 | 14.4 | -3.17% |
| 2018 | 14.8 | -46.06% |
| 2017 | 27.5 | -5.18% |
| 2016 | 29.0 | 87.04% |
| 2015 | 15.5 | -1.59% |
| 2014 | 15.7 | 2.97% |
| 2013 | 15.3 | 14.09% |
| 2012 | 13.4 | -36.27% |
| 2011 | 21.0 | -18.87% |
| 2010 | 25.9 | 24.82% |
| 2009 | 20.8 | 149.24% |
| 2008 | 8.33 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Quanta Services
PWR | 54.7 | 97.93% | 🇺🇸 USA |
 Tetra Tech
TTEK | 38.4 | 38.82% | 🇺🇸 USA |
 Primoris Services Corporation
PRIM | 21.6 | -22.05% | 🇺🇸 USA |
 Matrix Service MTRX | -5.70 | -120.60% | 🇺🇸 USA |
 MasTec MTZ | -169 | -711.01% | 🇺🇸 USA |
 Dycom Industries DY | 22.8 | -17.57% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.