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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Myers Industries's tangible book value per share for the quarter that ended in Dec. 2023 was $4.13.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for Myers Industries's Tangible Book per Share 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.
Myers Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 1.94 | 1.92 | 1.94 | 3.00 | 4.13 |
Myers Industries Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tangible Book per Share | Get a 7-Day Free Trial | 3.00 | 3.27 | 3.55 | 3.81 | 4.13 |
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.
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.
Myers Industries's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (292.8 | - | 0 | - | 140.521) | / | 36.8485 | |
= | 4.13 |
Myers Industries's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (292.8 | - | 0 | - | 140.521) | / | 36.8485 | |
= | 4.13 |
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Myers Industries (NYSE:MYE) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of Myers Industries's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Yvette Dapremont Bright | director | 739 WESTVIEW STREET, PHILADELPHIA PA 19119 |
Michael P. Mcgaugh | director, officer: President and CEO | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
Fitz E Grant | officer: EVP & CFO | C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139 |
Lori A. Lutey | director | 3101 PACKERLAND DRIVE, GREEN BAY WI 54313 |
Jeffrey Kramer | director | C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022 |
Liebau Frederic Jack Jr | director | P.O. BOX 2200, PASADENA CA 91102-2200 |
William A Foley | director | P O BOX 10060, TOLEDO OH 436990060 |
Monica P. Vinay | officer: Interim CFO, VP and Treasurer | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
Bruce M Lisman | director | C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403 |
Ronald M Defeo | director | 600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219 |
Jim Gurnee | officer: VP Sales/Marketing/Commercial | 1293 S MAIN ST, AKRON OH 44301 |
Paul Allan Johnson | officer: VP, Distribution Segment | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
Jeffrey Jon Baker | officer: VP, Shared Services | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
Sarah R Coffin | director | 31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277 |
Sonal P. Robinson | officer: EVP, Finance | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
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