EVI Price Book Value Ratio from 2010 to 2024
| EVI Stock | USD 20.35 0.47 2.26% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 1.9 | Current Value 2.13 | Quarterly Volatility 2.39925081 |
Check EVI Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EVI main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.3 M, Interest Expense of 3 M or Total Revenue of 427.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.08, Dividend Yield of 0.0041 or PTB Ratio of 2.13. EVI financial statements analysis is a perfect complement when working with EVI Industries Valuation or Volatility modules.
EVI | Price Book Value Ratio |
Latest EVI Industries' Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of EVI Industries over the last few years. It is EVI Industries' Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EVI Industries' overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
EVI Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 3.81 | |
| Geometric Mean | 3.15 | |
| Coefficient Of Variation | 62.94 | |
| Mean Deviation | 1.96 | |
| Median | 2.93 | |
| Standard Deviation | 2.40 | |
| Sample Variance | 5.76 | |
| Range | 7.7371 | |
| R-Value | (0.21) | |
| Mean Square Error | 5.93 | |
| R-Squared | 0.04 | |
| Significance | 0.46 | |
| Slope | (0.11) | |
| Total Sum of Squares | 80.59 |
EVI Price Book Value Ratio History
About EVI Industries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EVI Industries income statement, its balance sheet, and the statement of cash flows. EVI Industries investors use historical funamental indicators, such as EVI Industries's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although EVI Industries investors may use each financial statement separately, they are all related. The changes in EVI Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EVI Industries'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 EVI Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EVI Industries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 1.90 | 2.13 |
Pair Trading with EVI Industries
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 EVI Industries 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 EVI Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with EVI Stock
| 0.64 | AIT | Applied Industrial Financial Report 8th of August 2024 | PairCorr |
The ability to find closely correlated positions to EVI Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVI Industries 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 EVI Industries - 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 EVI Industries to buy it.
The correlation of EVI Industries 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 EVI Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVI Industries 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 EVI Industries 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 EVI Industries Correlation against competitors. For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for EVI Stock analysis
When running EVI Industries' price analysis, check to measure EVI Industries' 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 EVI Industries is operating at the current time. Most of EVI Industries' value examination focuses on studying past and present price action to predict the probability of EVI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVI Industries' price. Additionally, you may evaluate how the addition of EVI Industries to your portfolios can decrease your overall portfolio volatility.
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Is EVI Industries' 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 EVI Industries. If investors know EVI 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 EVI Industries 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 (0.68) | Earnings Share 0.37 | Revenue Per Share 28.317 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0303 |
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' 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 EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' 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 EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' 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.