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As of today (2024-05-16), Myers Industries's current share price is $16.94. Myers Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $5.77. Myers Industries's Cyclically Adjusted PB Ratio for today is 2.94.
The historical rank and industry rank for Myers Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Myers Industries's highest Cyclically Adjusted PB Ratio was 4.38. The lowest was 1.38. And the median was 2.82.
MYE's Cyclically Adjusted PB Ratio is ranked worse thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Myers Industries's adjusted book value per share data for the three months ended in Mar. 2024 was $7.855. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $5.77 for the trailing ten years ended in Mar. 2024.
The historical data trend for Myers Industries's Cyclically Adjusted PB Ratio 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 Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 3.68 | 3.33 | 3.06 | 3.37 | 4.01 |
For the Packaging & Containers subindustry, Myers Industries's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Myers Industries's Cyclically Adjusted PB Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Myers Industries's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 16.94 | / | 5.77 | |
= | 2.94 |
* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Myers Industries's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:
Adj_Book | = | Book Value per Share | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 7.855 | / | 131.7762 | * | 131.7762 | |
= | 7.855 |
Current CPI (Mar. 2024) = 131.7762.
Myers Industries Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 6.159 | 100.560 | 8.071 |
201409 | 5.580 | 100.428 | 7.322 |
201412 | 4.703 | 99.070 | 6.256 |
201503 | 3.861 | 99.621 | 5.107 |
201506 | 4.192 | 100.684 | 5.487 |
201509 | 3.466 | 100.392 | 4.550 |
201512 | 3.310 | 99.792 | 4.371 |
201603 | 3.239 | 100.470 | 4.248 |
201606 | 3.399 | 101.688 | 4.405 |
201609 | 3.301 | 101.861 | 4.270 |
201612 | 3.099 | 101.863 | 4.009 |
201703 | 3.116 | 102.862 | 3.992 |
201706 | 3.134 | 103.349 | 3.996 |
201709 | 3.225 | 104.136 | 4.081 |
201712 | 3.074 | 104.011 | 3.895 |
201803 | 3.139 | 105.290 | 3.929 |
201806 | 5.149 | 106.317 | 6.382 |
201809 | 4.499 | 106.507 | 5.566 |
201812 | 4.372 | 105.998 | 5.435 |
201903 | 4.468 | 107.251 | 5.490 |
201906 | 4.577 | 108.070 | 5.581 |
201909 | 4.613 | 108.329 | 5.611 |
201912 | 4.668 | 108.420 | 5.674 |
202003 | 4.928 | 108.902 | 5.963 |
202006 | 5.077 | 108.767 | 6.151 |
202009 | 5.240 | 109.815 | 6.288 |
202012 | 5.264 | 109.897 | 6.312 |
202103 | 5.384 | 111.754 | 6.349 |
202106 | 5.585 | 114.631 | 6.420 |
202109 | 5.673 | 115.734 | 6.459 |
202112 | 5.773 | 117.630 | 6.467 |
202203 | 6.170 | 121.301 | 6.703 |
202206 | 6.508 | 125.017 | 6.860 |
202209 | 6.715 | 125.227 | 7.066 |
202212 | 7.025 | 125.222 | 7.393 |
202303 | 7.224 | 127.348 | 7.475 |
202306 | 7.459 | 128.729 | 7.636 |
202309 | 7.665 | 129.860 | 7.778 |
202312 | 7.946 | 129.419 | 8.091 |
202403 | 7.855 | 131.776 | 7.855 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Thank you for viewing the detailed overview of Myers Industries's Cyclically Adjusted PB Ratio 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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