Best Historical Financial Ratios
| BBY Stock | USD 76.29 1.71 2.19% |
Best Buy is presently reporting on over 103 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0204, PTB Ratio of 1.25 or Days Sales Outstanding of 6.82 will help investors to properly organize and evaluate Best Buy financial condition quickly.
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About Best Financial Ratios Analysis
Best BuyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Best Buy investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Best financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Best Buy history.
Best Buy Financial Ratios Chart
Best Buy Co financial ratios usually calculated using numerical values taken directly from Best Buy financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Best Buy. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
Interest Coverage is likely to rise to 2.25 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.14 in 2024. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Best Buy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Best Buy sales, a figure that is much harder to manipulate than other Best Buy Co multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Best Buy Co dividend as a percentage of Best Buy stock price. Best Buy dividend yield is a measure of Best Buy stock productivity, which can be interpreted as interest rate earned on an Best Buy investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Best Buy's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Interest Coverage is likely to rise to 2.25 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.14 in 2024.
| 2010 | 2014 | 2020 | 2024 (projected) | Dividend Yield | 0.0289 | 0.0235 | 0.0486 | 0.0204 | Price To Sales Ratio | 0.19 | 0.51 | 0.38 | 0.17 |
Best Buy fundamentals Correlations
Click cells to compare fundamentals
Best Buy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Best Buy
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 Best Buy 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 Best Buy will appreciate offsetting losses from the drop in the long position's value.Moving together with Best Stock
| 0.85 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.76 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.84 | AN | AutoNation Financial Report 18th of April 2024 | PairCorr |
Moving against Best Stock
| 0.78 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.76 | BQ | Boqii Holding Limited | PairCorr |
| 0.73 | LL | LL Flooring Holdings | PairCorr |
| 0.58 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy 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 Best Buy - 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 Best Buy Co to buy it.
The correlation of Best Buy 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 Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy 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 Best Buy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Best Stock analysis
When running Best Buy's price analysis, check to measure Best Buy'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 Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy'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 Best Buy. If investors know Best 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 Best Buy 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 (0.05) | Dividend Share 3.68 | Earnings Share 5.68 | Revenue Per Share 199.596 | Quarterly Revenue Growth (0.01) |
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy'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 Best Buy's market value can be influenced by many factors that don't directly affect Best Buy'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 Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy'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.