US Global Financial Statements From 2010 to 2024
| JETS Etf | USD 20.41 0.28 1.39% |
Check US Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among JETS main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . JETS financial statements analysis is a perfect complement when working with US Global Valuation or Volatility modules.
JETS |
US Global Jets ETF Price To Book Analysis
US Global's 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 US Global Price To Book | 2.09 X |
Most of US Global's 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, US Global Jets is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, US Global Jets has a Price To Book of 2.09 times. This is much higher than that of the U.S. Global Investors family and significantly higher than that of the Industrials category. The price to book for all United States etfs is notably lower than that of the firm.
US Global Jets Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining US Global's current stock value. Our valuation model uses many indicators to compare US Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across US Global competition to find correlations between indicators driving US Global's intrinsic value. More Info.US Global Jets is rated fifth overall ETF in price to earning as compared to similar ETFs. It is rated second overall ETF in price to book as compared to similar ETFs fabricating about 0.22 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for US Global Jets is roughly 4.59 . Comparative valuation analysis is a catch-all model that can be used if you cannot value US Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for US Global's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the US Global's earnings, one of the primary drivers of an investment's value.About US Global Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include US Global income statement, its balance sheet, and the statement of cash flows. US Global investors use historical funamental indicators, such as US Global's revenue or net income, to determine how well the company is positioned to perform in the future. Although US Global investors may use each financial statement separately, they are all related. The changes in US Global's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on US Global'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 US Global Financial Statements. Understanding these patterns can help to make the right decision on long term investment in US Global. Please read more on our technical analysis and fundamental analysis pages.
The fund uses a passive management approach to track the performance, before fees and expenses, of the index. US Global is traded on NYSEARCA Exchange in the United States.
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The market value of US Global Jets is measured differently than its book value, which is the value of JETS that is recorded on the company's balance sheet. Investors also form their own opinion of US Global's value that differs from its market value or its book value, called intrinsic value, which is US Global'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 US Global's market value can be influenced by many factors that don't directly affect US Global'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 US Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Global'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.