Enova Price Earnings Ratio from 2010 to 2024
| ENVA Stock | USD 61.63 0.58 0.95% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 9.69648003 | Current Value 15.91 | Quarterly Volatility 11.76457894 |
Check Enova International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enova main balance sheet or income statement drivers, such as Depreciation And Amortization of 40.1 M, Interest Expense of 204.5 M or Selling General Administrative of 121.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.76, Dividend Yield of 0.14 or PTB Ratio of 1.3. Enova financial statements analysis is a perfect complement when working with Enova International Valuation or Volatility modules.
Enova | Price Earnings Ratio |
Latest Enova International's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of Enova International over the last few years. It is Enova International's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enova International's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
|
Price Earnings Ratio |
| Timeline |
Enova Price Earnings Ratio Regression Statistics
| Arithmetic Mean | 13.13 | |
| Geometric Mean | 9.97 | |
| Coefficient Of Variation | 89.57 | |
| Mean Deviation | 7.60 | |
| Median | 9.70 | |
| Standard Deviation | 11.76 | |
| Sample Variance | 138.41 | |
| Range | 48.1462 | |
| R-Value | (0.55) | |
| Mean Square Error | 103.43 | |
| R-Squared | 0.31 | |
| Significance | 0.03 | |
| Slope | (1.46) | |
| Total Sum of Squares | 1,938 |
Enova Price Earnings Ratio History
About Enova International Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Enova International income statement, its balance sheet, and the statement of cash flows. Enova International investors use historical funamental indicators, such as Enova International's Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Enova International investors may use each financial statement separately, they are all related. The changes in Enova International's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enova International's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Enova International Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enova International. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 9.70 | 15.91 |
Pair Trading with Enova International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enova International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enova International will appreciate offsetting losses from the drop in the long position's value.Moving against Enova Stock
| 0.58 | NCPL | Netcapital | PairCorr |
| 0.55 | MEGL | Magic Empire Global | PairCorr |
| 0.41 | CIM | Chimera Investment Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Enova International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enova International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enova International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enova International to buy it.
The correlation of Enova International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enova International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enova International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enova International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enova International Correlation against competitors. For information on how to trade Enova Stock refer to our How to Trade Enova Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Enova Stock analysis
When running Enova International's price analysis, check to measure Enova International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enova International is operating at the current time. Most of Enova International's value examination focuses on studying past and present price action to predict the probability of Enova International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enova International's price. Additionally, you may evaluate how the addition of Enova International to your portfolios can decrease your overall portfolio volatility.
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Is Enova International's industry 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 Enova International. If investors know Enova 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 Enova International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.051 | Earnings Share 5.57 | Revenue Per Share 35.897 | Quarterly Revenue Growth 0.155 | Return On Assets 0.0407 |
The market value of Enova International is measured differently than its book value, which is the value of Enova that is recorded on the company's balance sheet. Investors also form their own opinion of Enova International's value that differs from its market value or its book value, called intrinsic value, which is Enova International'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 Enova International's market value can be influenced by many factors that don't directly affect Enova International'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 Enova International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enova International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enova International'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.