Envista Holdings Corp Stock Price To Book
NVST Stock | USD 19.13 0.27 1.43% |
Envista Holdings Corp fundamentals help investors to digest information that contributes to Envista Holdings' financial success or failures. It also enables traders to predict the movement of Envista Stock. The fundamental analysis module provides a way to measure Envista Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Envista Holdings stock.
Price To Book Ratio is likely to drop to 0.96 in 2024. Envista | Price To Book |
Envista Holdings Corp Company Price To Book Analysis
Envista Holdings' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Envista Holdings Price To Book | 0.79 X |
Most of Envista Holdings' fundamental indicators, such as Price To Book, 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, Envista Holdings Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Envista Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Envista Holdings is extremely important. It helps to project a fair market value of Envista Stock properly, considering its historical fundamentals such as Price To Book. Since Envista Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Envista Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Envista Holdings' interrelated accounts and indicators.
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Envista Price To Book Historical Pattern
Today, most investors in Envista Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Envista Holdings' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Envista Holdings price to book as a starting point in their analysis.
Envista Holdings Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Envista Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Envista Holdings Corp has a Price To Book of 0.7897 times. This is 96.92% lower than that of the Health Care Equipment & Supplies sector and 87.64% lower than that of the Health Care industry. The price to book for all United States stocks is 91.7% higher than that of the company.
Envista Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envista Holdings' direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Envista Holdings could also be used in its relative valuation, which is a method of valuing Envista Holdings by comparing valuation metrics of similar companies.Envista Holdings is currently under evaluation in price to book category among related companies.
Envista Holdings ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Envista Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Envista Holdings' managers, analysts, and investors.Environmental | Governance | Social |
Envista Fundamentals
Return On Equity | -0.0286 | ||||
Return On Asset | 0.0291 | ||||
Profit Margin | (0.05) % | ||||
Operating Margin | 0.09 % | ||||
Current Valuation | 3.94 B | ||||
Shares Outstanding | 171.86 M | ||||
Shares Owned By Insiders | 0.43 % | ||||
Shares Owned By Institutions | 99.57 % | ||||
Number Of Shares Shorted | 11.8 M | ||||
Price To Earning | 17.57 X | ||||
Price To Book | 0.79 X | ||||
Price To Sales | 1.28 X | ||||
Revenue | 3.69 B | ||||
Gross Profit | 1.49 B | ||||
EBITDA | 31.5 M | ||||
Net Income | (100.2 M) | ||||
Cash And Equivalents | 523.1 M | ||||
Cash Per Share | 3.20 X | ||||
Total Debt | 1.65 B | ||||
Debt To Equity | 0.38 % | ||||
Current Ratio | 1.11 X | ||||
Book Value Per Share | 24.09 X | ||||
Cash Flow From Operations | 275.7 M | ||||
Short Ratio | 5.81 X | ||||
Earnings Per Share | (0.73) X | ||||
Price To Earnings To Growth | 0.41 X | ||||
Target Price | 20.25 | ||||
Number Of Employees | 12.8 K | ||||
Beta | 1.35 | ||||
Market Capitalization | 3.24 B | ||||
Total Asset | 6.61 B | ||||
Retained Earnings | 631.2 M | ||||
Working Capital | 962.9 M | ||||
Current Asset | 751.06 M | ||||
Current Liabilities | 698.03 M | ||||
Net Asset | 6.61 B |
About Envista Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Envista Holdings Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envista Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envista Holdings Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Envista Holdings
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 Envista Holdings 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 Envista Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Envista Stock
0.89 | DOCS | Doximity Financial Report 21st of May 2024 | PairCorr |
0.71 | VEEV | Veeva Systems Class Financial Report 29th of May 2024 | PairCorr |
0.65 | ENSG | Ensign Group | PairCorr |
Moving against Envista Stock
0.85 | HAE | Haemonetics | PairCorr |
0.83 | EHC | Encompass Health Corp | PairCorr |
0.55 | ELV | Elevance Health Financial Report 17th of July 2024 | PairCorr |
0.45 | DVA | DaVita HealthCare | PairCorr |
The ability to find closely correlated positions to Envista Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envista Holdings 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 Envista Holdings - 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 Envista Holdings Corp to buy it.
The correlation of Envista Holdings 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 Envista Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envista Holdings Corp 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 Envista Holdings 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 Envista Holdings Piotroski F Score and Envista Holdings Altman Z Score analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Envista Stock analysis
When running Envista Holdings' price analysis, check to measure Envista Holdings' 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 Envista Holdings is operating at the current time. Most of Envista Holdings' value examination focuses on studying past and present price action to predict the probability of Envista Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envista Holdings' price. Additionally, you may evaluate how the addition of Envista Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Envista Holdings' 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 Envista Holdings. If investors know Envista 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 Envista Holdings 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 (0.45) | Earnings Share (0.73) | Revenue Per Share 15.167 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0291 |
The market value of Envista Holdings Corp is measured differently than its book value, which is the value of Envista that is recorded on the company's balance sheet. Investors also form their own opinion of Envista Holdings' value that differs from its market value or its book value, called intrinsic value, which is Envista Holdings' 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 Envista Holdings' market value can be influenced by many factors that don't directly affect Envista Holdings' 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 Envista Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Envista Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envista Holdings' 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.