Myers IndustriesMYE +5.10%62 Interest Coverage is 3.71 as of Mar. 2026, which is 40% below its 10-year median of 6.16. GuruFocus rates MYE with a GF Score™ of 62/100 and a GF Value™ of $15.26 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 316 Packaging & Containers companies, Myers Industries ranks worse than 69.94% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Myers Industries's
Operating Income
for the
three
months ended in Mar. 2026 was $24.9 Mil. Myers Industries's Interest Expense for the
three
months ended in Mar. 2026 was $-6.7 Mil.
Myers Industries's interest coverage for the quarter that ended in Mar. 2026 was 3.71.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Myers Industries's Interest Coverage or its related term are showing as below:
MYE'
s Interest Coverage Range Over the Past 10 Years
Min: 1.15 Med: 6.16 Max: 14.53
Current: 2.89
MYE's Interest Coverage is ranked worse than 69.94% of 316
companies
in the Packaging & Containers industry
Industry Median: 6.055
vs MYE: 2.89
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Myers Industries Interest Coverage Related Terms
Myers Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Myers Industries's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MYE vs PACK, KRT, OI: Interest Coverage Comparison
For the Packaging & Containers subindustry, Myers Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Myers Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (MYE) has a Interest Coverage of 3.71 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Myers Industries and its competitors. This is 40% below median its historical median of 6.16. Over the past decade, Myers Industries' Interest Coverage has ranged from 1.15 to 14.53. According to the industry distribution chart, Myers Industries ranks #221 out of 316 companies in the Packaging & Containers industry, placing it in the top 69.9%.
Is Myers Industries' Interest Coverage too high?
Myers Industries' current Interest Coverage of 3.71 is 40% below median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 14.53. The Packaging & Containers industry median Interest Coverage is 6.06. Myers Industries' value of 3.71 is 38.7% below this industry median. Based on the distribution chart, Myers Industries ranks #221 out of 316 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Myers Industries has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Myers Industries' Interest Coverage compare to PACK and KRT?
According to the Packaging & Containers industry distribution chart, Myers Industries ranks #221 out of 316 companies for Interest Coverage. This places Myers Industries in the lower half of its industry. The industry median Interest Coverage is 6.06. Myers Industries' value of 3.71 is 38.7% below this benchmark. Historically, Myers Industries' own Interest Coverage has ranged from 1.15 to 14.53 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 6.06, Myers Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Packaging & Containers company?
The median Interest Coverage among Packaging & Containers companies is 6.06, based on 316 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Myers Industries's current Interest Coverage of 3.71 is 38.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Myers Industries and its competitors. For the Packaging & Containers industry, the median Interest Coverage is 6.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Myers Industries's current Interest Coverage is 3.71, which is 40% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Myers Industries stock overvalued right now?
Based on GuruFocus' analysis, Myers Industries (MYE) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.26, compared to a current price of $32.14 — trading 110.6% above its estimated fair value. The current Interest Coverage is 3.71, which is 40% below median its 10-year median of 6.16 and 38.7% below the Packaging & Containers industry median of 6.06. Myers Industries' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Myers Industries (MYE), the current Interest Coverage is 3.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Myers Industries (MYE) Overvalued in 2026?
Based on GuruFocus' analysis, Myers Industries stock appears to be overvalued.
The current stock price of $32.14 is trading 110.6% above its estimated GF Value™ of $15.26.
GuruFocus considers Myers Industries to be Significantly Overvalued.
Key valuation signals for MYE:
Interest Coverage: 3.71 (40% below median its 10-year median of 6.16)
GF Value™: $15.26 vs. price of $32.14 (110.6% above fair value)
Industry Position: 38.7% below the Packaging & Containers median (#221 of 316)
No single metric tells the full story. See the MYE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment manufactures a selection of durable plastic reusable products that are used repeatedly during the course of their service life. The Distribution segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair, etc. It generates the majority of its revenue from the Material Handling segment.
62GF Score
Get the complete analysis for MYE
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