MYR Group
MYRG
#3743
Rank
$2.59 B
Marketcap
$154.82
Share price
1.98%
Change (1 day)
17.75%
Change (1 year)

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
202218.5-15.55%
202121.928.58%
202017.018.59%
201914.4-3.17%
201814.8-46.06%
201727.5-5.18%
201629.087.04%
201515.5-1.59%
201415.72.97%
201315.314.09%
201213.4-36.27%
201121.0-18.87%
201025.924.82%
200920.8149.24%
20088.33

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
54.7 97.93%๐Ÿ‡บ๐Ÿ‡ธ USA
38.4 38.82%๐Ÿ‡บ๐Ÿ‡ธ USA
21.6-22.05%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.70-120.60%๐Ÿ‡บ๐Ÿ‡ธ USA
-169-711.01%๐Ÿ‡บ๐Ÿ‡ธ USA
22.8-17.57%๐Ÿ‡บ๐Ÿ‡ธ 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.