Myers Industries's book value per share for the quarter that ended in Dec. 2023 was $7.95.
During the past 12 months, Myers Industries's average Book Value Per Share Growth Rate was 13.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Myers Industries was 19.60% per year. The lowest was -23.80% per year. And the median was 9.70% per year.
Myers Industries's current price is $21.86. Its book value per share for the quarter that ended in Dec. 2023 was $7.95. Hence, today's PB Ratio of Myers Industries is 2.75.
During the past 13 years, the highest P/B Ratio of Myers Industries was 7.71. The lowest was 1.84. And the median was 3.56.
Myers Industries Book Value per Share Historical Data
The historical data trend for Myers Industries's Book Value 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.
Competitive Comparison of Myers Industries's Book Value per Share
For the Packaging & Containers subindustry, Myers Industries's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Myers Industries's PB Ratio falls into.
Myers Industries Book Value per Share Calculation
Myers Industries's Book Value Per Share 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Myers Industries (NYSE:MYE) Book Value 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.
Myers Industries Book Value per Share Related Terms
Thank you for viewing the detailed overview of Myers Industries's Book Value per Share 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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