The 2023 Etf Price To Earning
| QLTY Etf | 37.87 0.08 0.21% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess 2023 ETF's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. The 2023 ETF ETF Price To Earning Analysis
2023 ETF's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current 2023 ETF Price To Earning | 22.21 X |
Most of 2023 ETF's fundamental indicators, such as Price To Earning, 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, The 2023 ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, The 2023 ETF has a Price To Earning of 22.21 times. This is much higher than that of the Ground Transportation family and significantly higher than that of the Large Blend category. The price to earning for all United States etfs is notably lower than that of the firm.
2023 Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 2023 ETF's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 2023 ETF could also be used in its relative valuation, which is a method of valuing 2023 ETF by comparing valuation metrics of similar companies.2023 ETF is currently under evaluation in price to earning as compared to similar ETFs.
2023 Fundamentals
| Price To Earning | 22.21 X | |||
| Revenue | 991.76 M | |||
| Net Income | 20.64 M | |||
| Cash And Equivalents | 1.36 M | |||
| Cash Per Share | 0.23 X | |||
| Total Debt | 351.3 M | |||
| Debt To Equity | (14.50) % | |||
| Current Ratio | 2.35 X | |||
| Cash Flow From Operations | 34.17 M | |||
| Target Price | 15.83 | |||
| Total Asset | 427.78 M | |||
| Retained Earnings | (249.87 M) | |||
| Working Capital | 115.02 M | |||
| Current Asset | 191.97 M | |||
| Current Liabilities | 76.95 M | |||
| One Year Return | 19.40 % | |||
| Net Asset | 427.78 M |
About 2023 ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The 2023 ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 2023 ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The 2023 ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 2023 ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 2023 ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The 2023 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on The 2023 Etf:Check out 2023 ETF Piotroski F Score and 2023 ETF Altman Z Score analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF's 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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF's 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 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF's 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.