MYR Group
MYRG
#3636
Rank
$2.33 B
Marketcap
$139.81
Share price
2.39%
Change (1 day)
49.45%
Change (1 year)

P/E ratio for MYR Group (MYRG)

P/E ratio as of June 2023 (TTM): 27.1

According to MYR Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.1476. At the end of 2020 the company had a P/E ratio of 17.0.

P/E ratio history for MYR Group from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202017.018.59%
201914.4-3.17%
201814.8-46.06%
201727.5-5.18%
201629.087.04%
201515.5-1.59%
201415.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
52.6 93.58%๐Ÿ‡บ๐Ÿ‡ธ USA
26.5-2.28%๐Ÿ‡บ๐Ÿ‡ธ USA
12.0-55.93%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.13-115.20%๐Ÿ‡บ๐Ÿ‡ธ USA
-841-3,199.30%๐Ÿ‡บ๐Ÿ‡ธ USA
22.8-15.99%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.