Myers IndustriesMYE +2.69%62 Beneish M-Score is -3.10 as of Jun. 25, 2026. 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 373 Packaging & Containers companies, Myers Industries ranks better than 91.69% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -3.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Myers Industries's Beneish M-Score or its related term are showing as below:
MYE'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.6 Med: -2.85 Max: -1.81
Current: -3.1
During the past 13 years, the highest Beneish M-Score of Myers Industries was -1.81. The lowest was -3.60. And the median was -2.85.
Myers Industries Beneish M-Score Related Terms
Myers Industries Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Myers Industries's Beneish M-Score 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.
For the Packaging & Containers subindustry, Myers Industries's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Myers Industries's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Myers Industries for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.8232
+
0.528 * 0.9654
+
0.404 * 0.9632
+
0.892 * 0.9908
+
0.115 * 0.9021
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9977
+
4.679 * -0.091233
-
0.327 * 0.9416
=
-3.10
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(39.286 / (39.286 + 165.406))
/
(39.252 / (39.252 + 145.235))
=
0.191927
/
0.212763
=
0.9021
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(26.295 - -0.201
-
102.834)
/
836.734
=
-0.091233
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Myers Industries has a M-score of -3.10 suggests that the company is unlikely to be a manipulator.
Myers Industries (MYE) has a Beneish M-Score of -3.10 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Myers Industries and its competitors. According to the industry distribution chart, Myers Industries ranks #31 out of 373 companies in the Packaging & Containers industry, placing it in the top 8.3%.
Is Myers Industries' Beneish M-Score too high?
Myers Industries' current Beneish M-Score is -3.10. Based on the distribution chart, Myers Industries ranks #31 out of 373 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. 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' Beneish M-Score compare to PACK and KRT?
According to the Packaging & Containers industry distribution chart, Myers Industries ranks #31 out of 373 companies for Beneish M-Score. This places Myers Industries in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Myers Industries and its competitors. Myers Industries's current Beneish M-Score is -3.10. 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 $30.52 — trading 100% above its estimated fair value. The current Beneish M-Score is -3.10. 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 Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Myers Industries (MYE), the current Beneish M-Score is -3.10 as of Jun. 25, 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 $30.52 is trading 100% above its estimated GF Value™ of $15.26.
GuruFocus considers Myers Industries to be Significantly Overvalued.
Key valuation signals for MYE:
Beneish M-Score: -3.10
GF Value™: $15.26 vs. price of $30.52 (100% above fair value)
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
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