Myers Price To Book Ratio from 2010 to 2024
| MYE Stock | USD 22.56 0.26 1.17% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 2.45340214 | Current Value 1.84 | Quarterly Volatility 1.26445803 |
Check Myers Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Myers main balance sheet or income statement drivers, such as Depreciation And Amortization of 26 M, Interest Expense of 7.2 M or Total Revenue of 586 M, as well as many exotic indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.0191 or PTB Ratio of 1.84. Myers financial statements analysis is a perfect complement when working with Myers Industries Valuation or Volatility modules.
Myers | Price To Book Ratio |
Latest Myers Industries' Price To Book Ratio Growth Pattern
Below is the plot of the Price To Book Ratio of Myers Industries over the last few years. It is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter’s book value per share. Myers Industries' Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Myers Industries' overall financial position and show how it may be relating to other accounts over time.
| Price To Book Ratio | 10 Years Trend |
|
Price To Book Ratio |
| Timeline |
Myers Price To Book Ratio Regression Statistics
| Arithmetic Mean | 3.26 | |
| Geometric Mean | 3.02 | |
| Coefficient Of Variation | 38.81 | |
| Mean Deviation | 0.93 | |
| Median | 3.22 | |
| Standard Deviation | 1.26 | |
| Sample Variance | 1.60 | |
| Range | 5.1424 | |
| R-Value | 0.14 | |
| Mean Square Error | 1.69 | |
| R-Squared | 0.02 | |
| Significance | 0.62 | |
| Slope | 0.04 | |
| Total Sum of Squares | 22.38 |
Myers Price To Book Ratio History
About Myers Industries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Myers Industries income statement, its balance sheet, and the statement of cash flows. Myers Industries investors use historical funamental indicators, such as Myers Industries's Price To Book Ratio, to determine how well the company is positioned to perform in the future. Although Myers Industries investors may use each financial statement separately, they are all related. The changes in Myers Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Myers Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Myers Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Myers Industries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Book Ratio | 2.45 | 1.84 |
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When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 0.54 | Earnings Share 1.32 | Revenue Per Share 22.128 | Quarterly Revenue Growth (0.10) |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.