Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Myers Industries's share price for the quarter that ended in Dec. 2023 was $19.55. Myers Industries's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 36.8 Mil. Therefore, Myers Industries's market cap for the quarter that ended in Dec. 2023 was $720.4 Mil.
Myers Industries's quarterly market cap
declined
from Jun. 2023 ($714.9 Mil) to Sep. 2023 ($660.2 Mil) but then
increased
from Sep. 2023 ($660.2 Mil) to Dec. 2023 ($720.4 Mil).
Myers Industries's annual market cap
increased
from Dec. 2021 ($725.6 Mil) to Dec. 2022 ($811.4 Mil) but then
declined
from Dec. 2022 ($811.4 Mil) to Dec. 2023 ($720.4 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Myers Industries's Enterprise Value for Today is $878.2 Mil.
Myers Industries Market Cap Historical Data
The historical data trend for Myers Industries's Market Cap 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 Market Cap
For the Packaging & Containers subindustry, Myers Industries's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Market Cap distribution charts can be found below:
* The bar in red indicates where Myers Industries's Market Cap falls into.
Myers Industries Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Myers Industries's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Myers Industries Market Cap Related Terms
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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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