P/E ratio for Myers Industries (MYE)
P/E ratio as of May 2024 (TTM): 11.8
According to Myers Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8088. At the end of 2022 the company had a P/E ratio of 13.5.
P/E ratio history for Myers Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.5 | -37.38% |
| 2021 | 21.5 | 5.61% |
| 2020 | 20.4 | -16.95% |
| 2019 | 24.5 | -108.12% |
| 2018 | -302 | 395.92% |
| 2017 | -60.9 | -112.78% |
| 2016 | 477 | 1868.22% |
| 2015 | 24.2 | -128.9% |
| 2014 | -83.8 | -409.52% |
| 2013 | 27.1 | 59.07% |
| 2012 | 17.0 | -2.06% |
| 2011 | 17.4 | -315.92% |
| 2010 | -8.05 | -98.23% |
| 2009 | -455 | 7009.38% |
| 2008 | -6.40 | -169% |
| 2007 | 9.28 | -216.69% |
| 2006 | -7.95 | -141.44% |
| 2005 | 19.2 | 7.77% |
| 2004 | 17.8 | -20.69% |
| 2003 | 22.4 | 46.48% |
| 2002 | 15.3 | -33.51% |
| 2001 | 23.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 25.2 | 113.16% | 🇺🇸 USA |
 TriMas TRS | 22.0 | 85.96% | 🇺🇸 USA |
 EnPro Industries
NPO | 19.9 | 68.89% | 🇺🇸 USA |
 Berry Global
BERY | 11.1 | -5.86% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.