MYR Group: Wait For A Better Entry Point

Summary

• MYR Group has shown strong financial performance, with a high return on equity and invested capital, leading to a 63% total 1-year return for shareholders.
• The multiples suggest that the company is overpriced, but the market expects high growth opportunities.
• The alternative valuation technique reaffirms the potential upside opportunities, but the current market price level doesn't seem like an entry point.