This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Myers Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $21.959. Myers Industries's 10-Year median PS Ratio is 0.9814. Therefore, the Median PS Value for today is $21.55.
As of today (2024-04-24), Myers Industries's share price is $22.01. Myers Industries's Median PS Value is $21.55. Therefore, Myers Industries's Price to Median PS Value for today is 1.02.
The historical rank and industry rank for Myers Industries's Median PS Value or its related term are showing as below:
MYE'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.89 Med: 1.17 Max: 1.58
Current: 1.02
During the past 13 years, the highest Price to Median PS Value of Myers Industries was 1.58. The lowest was 0.89. And the median was 1.17.
MYE's Price-to-Median-PS-Value is ranked worse than 55.36% of 233
companies
in the Packaging & Containers industry
Industry Median: 0.96
vs MYE: 1.02
Myers Industries Median PS Value Historical Data
The historical data trend for Myers Industries's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Myers Industries's Median PS Value
For the Packaging & Containers subindustry, Myers Industries's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Myers Industries's Price-to-Median-PS-Value Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Myers Industries's Price-to-Median-PS-Value falls into.
Myers Industries Median PS Value Calculation
Myers Industries's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.9814.
Myers Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.959.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Myers Industries (NYSE:MYE) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Myers Industries's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
22.01
/
21.55
=
1.02
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Myers Industries Median PS Value Related Terms
Thank you for viewing the detailed overview of Myers Industries's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Myers Industries (Myers Industries) Business Description
Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.
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