Myers Financial Statements From 2010 to 2025
| MYE Stock | USD 11.59 0.53 4.79% |
Check Myers Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Myers Industries' main balance sheet or income statement drivers, such as , as well as many indicators such as . Myers financial statements analysis is a perfect complement when working with Myers Industries Valuation or Volatility modules.
Check out the analysis of Myers Industries Correlation against competitors. Myers Industries Company Return On Asset Analysis
Myers Industries' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Myers Industries Return On Asset | 0.0688 |
Most of Myers Industries' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Myers Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Myers Industries has a Return On Asset of 0.0688. This is 93.69% lower than that of the Containers & Packaging sector and 90.83% lower than that of the Materials industry. The return on asset for all United States stocks is 149.14% lower than that of the firm.
Myers Industries Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Myers Industries's current stock value. Our valuation model uses many indicators to compare Myers Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Myers Industries competition to find correlations between indicators driving Myers Industries's intrinsic value. More Info.Myers Industries is rated below average in return on equity category among its peers. It is regarded fifth in return on asset category among its peers reporting about 2.72 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all technique that is used if you cannot value Myers Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Myers Industries Financial Statements
Myers Industries stakeholders use historical fundamental indicators, such as Myers Industries' revenue or net income, to determine how well the company is positioned to perform in the future. Although Myers Industries investors may analyze each financial statement separately, they are all interrelated. For example, changes in Myers Industries' assets and liabilities are reflected in the revenues and expenses on Myers Industries' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Myers Industries. Please read more on our technical analysis and fundamental analysis pages.
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. The company was founded in 1933 and is headquartered in Akron, Ohio. Myers Industries operates under Packaging Containers classification in the United States and is traded on New York Stock Exchange. It employs 2725 people.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:Check out the analysis of Myers Industries Correlation against competitors. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Rubber and Plastic Products space 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.
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.