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MasTec, Inc (MTZ) Fair Value & Analysis

Industrials · US · Market cap $26.0B

MI MasTec, Inc logo MasTec, Inc MTZ · US
Price$286.11
Fair Value$100.00
Upside-65.1%
Quality56/100
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Mixed Growth
Thin margins · 3.0% net margin
Moderate debt · generates free cash flow
Trails peers (4/14)
Narrow moat 42/100
Evidence: High Range $39.93 – $132.56 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $101.43 to $100.00 (−1.4%) since Jul 19, 2026. Share price −21.6% over the past month.

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($132.56). The favourable scenario is already priced in.
  • The model range is unusually wide ($39.93 to $132.56). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$437.51 $47.60 Fair Value $100.00 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $47.60 – $437.51 · fair‑value band $39.93 – $132.56 · the $286.11 price screens above the $100.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

MasTec, Inc (MTZ) currently trades at $286.11, while our model-based Fair Value estimate is $100.00, implying the stock looks roughly 65.1% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, MasTec, Inc generated revenue of $15.3B at a net margin of 3.0%. Revenue grew 34.5% year over year. It earns a return on equity of 15.0%. Net debt stands at $2.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $39.93 (bear case) to $132.56 (bull case); at $286.11, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 35% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -65%, MTZ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $26.90 $76.06 $152.47 80
Residual Income $38.33 $47.00 $120.73 76
Rev-Margin DCF $45.85 $109.18 $196.42 74
All 26 models by family
DCF Models
FCF DCF $28.08 $73.23 $173.17 38
Owner Earnings $77.76 $177.37 $365.22 31
5Y Revenue Exit $45.85 $112.40 $207.84 39
5Y EBITDA Exit $80.54 $188.30 $331.84 41
5Y P/E Exit $45.20 $110.97 $190.58 38
10Y Revenue Exit $37.06 $99.74 $206.28 36
10Y EBITDA Exit $63.42 $157.32 $316.36 37
10Y P/E Exit $39.39 $98.66 $190.96 35
Earnings-Based
Graham-Dodd $34.34 $192.87 $267.91 54
Lynch FV $54.01 $77.16 $100.31 50
PEG = 1.0 $54.01 $77.16 $100.31 46
EPV $44.87 $56.11 $65.94 59
Dividend Discount
Gordon GGM $0.8200 $1.71 $2.72 70
DDM Multi-Stage $0.8200 $1.44 $1.80 61
Multiples
P/E Multiple $79.54 $106.05 $132.56 63
P/S Multiple $64.39 $85.85 $107.31 58
P/B Multiple $64.39 $85.85 $107.31 55
EV/EBIT $82.78 $117.88 $152.98 53
EV/EBITDA $110.70 $155.10 $199.51 54
EV/Revenue $52.63 $84.84 $117.05 43
Asset-Based
NCAV (Graham) $20.62 $27.64 $41.25 50
Growth DCF
Growth DCF $26.90 $76.06 $152.47 80
Rev-Margin DCF $45.85 $109.18 $196.42 74
Economic Profit
Residual Income $38.33 $47.00 $120.73 76
ROIC Compounder $47.50 $77.87 $105.45 72
Growth Earnings
Growth-Adj P/E $80.90 $115.57 $150.24 68

Widest divergence: Growth Earnings ($115.57) versus Dividend Discount ($1.44). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $15.3B
Revenue growth (YoY) +34.5%
Net margin 3.0%
Return on equity 15.0%
Free cash flow $286M FY2025
P/E ratio 50.2
More key figures
Operating margin 3.7%
EPS (TTM) $5.70
EPS growth (YoY) +508%
Net debt $2.4B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 45

Profitability 47
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

MasTec, Inc., an infrastructure engineering and construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada.

Full company description

MasTec, Inc., an infrastructure engineering and construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. The company builds infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and civil and industrial infrastructure; emergency restoration services for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, including renewable and other energy providers, pipeline operators, civil, transportation, and water and wastewater pipeline installation services, industrial infrastructure providers, as well as government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MasTec, Inc reported revenue of $14.3B in FY2025 versus $8.0B in FY2021, a compound +15.8%/yr. Reported net income was $399M in FY2025, compounding +5.0%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$14.3B
Latest YoY
+16.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.7%
Avg. growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.5%
Revenue +15.8%/yr
FY21 $8.0B
FY22 $9.8B
FY23 $12.0B
FY24 $12.3B
FY25 $14.3B
Net income +5.0%/yr
FY21 $329M
FY22 $33.4M
FY23 −$49.9M
FY24 $163M
FY25 $399M
Character of growth · EPS growth decomposed (2014-2025) +9.7 % p.a.
Revenue per share +11.9 pp

of which total revenue +11.1 pp · buybacks/dilution +0.7 pp

EBIT margin −2.7 pp
Tax rate +3.1 pp
Residual (interest, one-offs) −2.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MTZ screens 65% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "MasTec, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MTZ

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 35% · Top 25%
Debt / equity 0.67× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 50.2× · Pricier than 75% of peers
P/B 7.99× · Pricier than 75% of peers
P/S (TTM) 1.70× · Pricier than 75% of peers
P/FCF 91.1× · Pricier than 75% of peers
EV/EBITDA 23.1× · Pricier than 75% of peers
PEG 1.27× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 14
FUTURE 100 · sector 15
PAST 60 · sector 26
HEALTH 67 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is MasTec, Inc (MTZ) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $100.00 versus a price of $286.11, about −65% (overvalued).
What is the fair value of MTZ?
Our model-based fair value for MasTec, Inc is $100.00 (as of Aug 13, 2026), built from audited fundamentals. The current price is $286.11.
What is the quality score of MTZ?
MasTec, Inc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of MasTec, Inc (MTZ)?
MasTec, Inc reported trailing-twelve-month revenue of about $15.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MTZ?
The net profit margin of MasTec, Inc is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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