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, with a P/E ratio of 18, which is lower than the peer average of 19.46 for similar companies like Matthews International Corp. and Omega Flex, Inc., whose P/E ratios are 255.76 and 20.93, respectively. Additionally, the EV to EBITDA ratio stands at 8.51, suggesting a premium compared to its peers.
The return metrics show that Myers Industries has outperformed the S&P 500 in the short term, with a year-to-date return of 47.37% compared to the index's 13.30%. However, over longer periods, such as three years and five years, the company's returns have lagged significantly behind the S&P 500, which raises concerns about its long-term growth prospects. Overall, the combination of high valuation ratios and inconsistent performance relative to the market suggests that Myers Industries, Inc. is overvalued at its current price.