P/E ratio for MYR Group (MYRG)

P/E ratio history for MYR Group from 2008 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Quanta Services PWR	52.0	136.63%	🇺🇸 USA
Tetra Tech TTEK	24.3	10.73%	🇺🇸 USA
Primoris Services Corporation PRIM	39.0	77.59%	🇺🇸 USA
Matrix Service Company MTRX	35.5	61.49%	🇺🇸 USA
MasTec MTZ	29.3	33.11%	🇺🇸 USA
Dycom Industries DY	19.7	-10.41%	🇺🇸 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.