Is Myers Industries, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Myers Industries, Inc. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company appears overvalued based on its current metrics, with a P/E ratio of 18, a Price to Book Value of 2.22, and an EV to EBITDA of 8.51. In comparison, peers such as Omega Flex, Inc. have a higher P/E of 20.93 and a fair valuation, while Matthews International Corp. is deemed risky with a P/E of 255.76.
Despite recent strong performance, with a year-to-date return of 47.37% compared to the S&P 500's 13.30%, the long-term outlook is less favorable, as evidenced by a 3-year return of -7.71% versus the S&P 500's 81.19%. This suggests that while the stock has performed well recently, its valuation metrics indicate it may not be sustainable, reinforcing the conclusion that Myers Industries, Inc. is overvalued.