Equity Screeners to view more equity screening toolsThe Macroaxis Fundamental Analysis lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also
Price to Book AnalysisPrice 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 accounting value of assets minus liabilities.
About Price to BookPrice 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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Based on latest financial disclosure the price to book indicator of Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is roughly 2.85 times. This is 47.67% higher than that of the Questrade Wealth Management Inc. sector, and significantly higher than that of Price to Book industry, The Price to Book for all etfs is 193.81% lower than the firm.
Questrade Russell 1000 Fundamental Drivers Relationships
Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD cannot be rated in Price to Book category at this point. It cannot be rated in Price to Sales category at this point. fabricating about 0.56 of Price to Sales per Price to Book. The ratio of Price to Book to Price to Sales for Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is roughly 1.79