As of today (2024-04-25), Myers Industries's share price is $21.83. Myers Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.13. Hence, Myers Industries's Price to Tangible Book Ratio of today is 5.28.
The historical rank and industry rank for Myers Industries's Price-to-Tangible-Book or its related term are showing as below:
MYE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.73 Med: 8.62 Max: 71.26
Current: 5.29
During the past 13 years, Myers Industries's highest Price to Tangible Book Ratio was 71.26. The lowest was 4.73. And the median was 8.62.
MYE's Price-to-Tangible-Book is ranked worse than 90.4% of 354
companies
in the Packaging & Containers industry
Industry Median: 1.38
vs MYE: 5.29
A closely related ratio is called PB Ratio. As of today, Myers Industries's share price is $21.83. Myers Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.95. Hence, Myers Industries's P/B Ratio of today is 2.75.
Myers Industries Price-to-Tangible-Book Historical Data
The historical data trend for Myers Industries's Price-to-Tangible-Book 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 Price-to-Tangible-Book
For the Packaging & Containers subindustry, Myers Industries's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Myers Industries's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Myers Industries Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Myers Industries's Price-to-Tangible-Book 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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