Reliance Payout Ratio vs Book Value per Share Analysis

RS Stock

USD 325.23 0.30 0.09%

Reliance Steel financial indicator trend analysis is much more than just breaking down Reliance Steel Aluminum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Steel Aluminum is a good investment. Please check the relationship between Reliance Steel Payout Ratio and its Book Value Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Payout Ratio vs Book Value Per Share

Payout Ratio vs Book Value per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Payout Ratio account and Book Value per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Reliance Steel's Payout Ratio and Book Value per Share is -0.17. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Reliance Steel Aluminum, assuming nothing else is changed. The correlation between historical values of Reliance Steel's Payout Ratio and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Reliance Steel Aluminum are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Payout Ratio i.e., Reliance Steel's Payout Ratio and Book Value per Share go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Reliance Steel Aluminum earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Reliance Steel Aluminum dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Reliance Steel Aluminum is paying out more in dividends than it makes in net income.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Reliance Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Steel Aluminum current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Reliance Steel's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.55 in 2024, whereas Tax Provision is likely to drop slightly above 270.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	5.3B	4.3B	4.5B
Total Revenue	14.1B	17.0B	14.8B	15.5B

Gross Profit Total Revenue

Reliance Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.59	0.73	0.7	0.96	0.98	0.09	0.93	0.76	0.69	0.98	0.0	0.69	0.95	0.45	0.54	0.78	0.92	-0.23	0.67	0.97	0.28	0.85	0.65	-0.34	-0.34
Short Long Term Debt Total	0.59		0.61	0.59	0.36	0.53	0.82	0.29	0.62	-0.06	0.69	-0.02	-0.06	0.54	0.75	0.96	0.81	0.3	-0.17	0.97	0.44	0.26	0.13	0.94	0.25	0.25
Other Current Liab	0.73	0.61		0.83	0.66	0.67	0.27	0.64	0.92	0.33	0.72	-0.09	0.33	0.81	0.3	0.58	0.9	0.62	-0.13	0.74	0.71	0.23	0.59	0.65	-0.27	-0.27
Total Current Liabilities	0.7	0.59	0.83		0.63	0.63	0.21	0.61	0.81	0.42	0.68	-0.44	0.42	0.75	0.3	0.45	0.81	0.56	-0.14	0.69	0.69	0.72	0.58	0.62	-0.22	-0.22
Total Stockholder Equity	0.96	0.36	0.66	0.63		0.97	-0.17	0.99	0.68	0.82	0.91	-0.01	0.82	0.93	0.24	0.31	0.66	0.96	-0.23	0.46	0.98	0.25	0.94	0.43	-0.51	-0.51
Property Plant And Equipment Net	0.98	0.53	0.67	0.63	0.97		0.03	0.95	0.67	0.71	0.97	0.08	0.71	0.91	0.38	0.48	0.72	0.91	-0.27	0.6	0.95	0.24	0.85	0.58	-0.41	-0.41
Net Debt	0.09	0.82	0.27	0.21	-0.17	0.03		-0.24	0.28	-0.61	0.25	0.16	-0.61	0.08	0.72	0.84	0.47	-0.19	-0.02	0.75	-0.09	0.02	-0.39	0.76	0.57	0.57
Retained Earnings	0.93	0.29	0.64	0.61	0.99	0.95	-0.24		0.63	0.85	0.86	-0.02	0.85	0.9	0.12	0.22	0.61	0.95	-0.25	0.38	0.96	0.25	0.95	0.33	-0.63	-0.63
Accounts Payable	0.76	0.62	0.92	0.81	0.68	0.67	0.28	0.63		0.35	0.74	-0.13	0.35	0.83	0.43	0.6	0.92	0.7	0.07	0.75	0.74	0.2	0.58	0.7	-0.13	-0.13
Cash	0.69	-0.06	0.33	0.42	0.82	0.71	-0.61	0.85	0.35		0.56	-0.27	1.0	0.63	-0.19	-0.14	0.27	0.79	-0.21	0.03	0.79	0.31	0.88	-0.03	-0.66	-0.66
Non Current Assets Total	0.98	0.69	0.72	0.68	0.91	0.97	0.25	0.86	0.74	0.56		0.09	0.56	0.9	0.56	0.66	0.81	0.85	-0.23	0.75	0.91	0.26	0.75	0.75	-0.23	-0.23
Non Currrent Assets Other	0.0	-0.02	-0.09	-0.44	-0.01	0.08	0.16	-0.02	-0.13	-0.27	0.09		-0.27	-0.07	0.17	0.14	-0.09	0.04	-0.02	-0.03	-0.1	-0.65	-0.09	0.04	0.03	0.03
Cash And Short Term Investments	0.69	-0.06	0.33	0.42	0.82	0.71	-0.61	0.85	0.35	1.0	0.56	-0.27		0.63	-0.19	-0.14	0.27	0.79	-0.21	0.03	0.79	0.31	0.88	-0.03	-0.66	-0.66
Net Receivables	0.95	0.54	0.81	0.75	0.93	0.91	0.08	0.9	0.83	0.63	0.9	-0.07	0.63		0.38	0.47	0.8	0.91	-0.16	0.63	0.97	0.27	0.87	0.59	-0.37	-0.37
Common Stock Shares Outstanding	0.45	0.75	0.3	0.3	0.24	0.38	0.72	0.12	0.43	-0.19	0.56	0.17	-0.19	0.38		0.8	0.51	0.21	0.15	0.74	0.29	0.07	-0.01	0.85	0.59	0.59
Non Current Liabilities Total	0.54	0.96	0.58	0.45	0.31	0.48	0.84	0.22	0.6	-0.14	0.66	0.14	-0.14	0.47	0.8		0.77	0.26	-0.1	0.95	0.37	0.04	0.06	0.95	0.36	0.36
Inventory	0.78	0.81	0.9	0.81	0.66	0.72	0.47	0.61	0.92	0.27	0.81	-0.09	0.27	0.8	0.51	0.77		0.61	-0.16	0.89	0.72	0.27	0.5	0.84	-0.07	-0.07
Other Current Assets	0.92	0.3	0.62	0.56	0.96	0.91	-0.19	0.95	0.7	0.79	0.85	0.04	0.79	0.91	0.21	0.26	0.61		-0.02	0.4	0.95	0.15	0.93	0.37	-0.5	-0.5
Other Stockholder Equity	-0.23	-0.17	-0.13	-0.14	-0.23	-0.27	-0.02	-0.25	0.07	-0.21	-0.23	-0.02	-0.21	-0.16	0.15	-0.1	-0.16	-0.02		-0.13	-0.21	-0.2	-0.25	-0.09	0.22	0.22
Total Liab	0.67	0.97	0.74	0.69	0.46	0.6	0.75	0.38	0.75	0.03	0.75	-0.03	0.03	0.63	0.74	0.95	0.89	0.4	-0.13		0.53	0.27	0.24	0.97	0.22	0.22
Total Current Assets	0.97	0.44	0.71	0.69	0.98	0.95	-0.09	0.96	0.74	0.79	0.91	-0.1	0.79	0.97	0.29	0.37	0.72	0.95	-0.21	0.53		0.29	0.93	0.49	-0.45	-0.45
Short Term Debt	0.28	0.26	0.23	0.72	0.25	0.24	0.02	0.25	0.2	0.31	0.26	-0.65	0.31	0.27	0.07	0.04	0.27	0.15	-0.2	0.27	0.29		0.26	0.23	-0.11	-0.11
Property Plant And Equipment Gross	0.85	0.13	0.59	0.58	0.94	0.85	-0.39	0.95	0.58	0.88	0.75	-0.09	0.88	0.87	-0.01	0.06	0.5	0.93	-0.25	0.24	0.93	0.26		0.2	-0.61	-0.61
Intangible Assets	0.65	0.94	0.65	0.62	0.43	0.58	0.76	0.33	0.7	-0.03	0.75	0.04	-0.03	0.59	0.85	0.95	0.84	0.37	-0.09	0.97	0.49	0.23	0.2		0.36	0.36
Common Stock Total Equity	-0.34	0.25	-0.27	-0.22	-0.51	-0.41	0.57	-0.63	-0.13	-0.66	-0.23	0.03	-0.66	-0.37	0.59	0.36	-0.07	-0.5	0.22	0.22	-0.45	-0.11	-0.61	0.36		1.0
Common Stock	-0.34	0.25	-0.27	-0.22	-0.51	-0.41	0.57	-0.63	-0.13	-0.66	-0.23	0.03	-0.66	-0.37	0.59	0.36	-0.07	-0.5	0.22	0.22	-0.45	-0.11	-0.61	0.36	1.0

Click cells to compare fundamentals

Reliance Steel Account Relationship Matchups

Reliance Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.1B	8.1B	9.5B	10.3B	10.5B	11.1B
Short Long Term Debt Total	1.8B	1.9B	1.9B	1.9B	1.4B	1.2B
Other Current Liab	282.9M	296.7M	547.5M	402.2M	376.8M	192.0M
Total Current Liabilities	675.3M	613M	1.1B	1.4B	843.6M	518.0M
Total Stockholder Equity	5.2B	5.1B	6.1B	7.1B	7.7B	8.1B
Property Plant And Equipment Net	2.0B	2.0B	2.1B	2.2B	2.5B	2.6B
Net Debt	1.6B	1.2B	1.6B	691.9M	297.1M	282.2M
Retained Earnings	5.2B	5.2B	6.2B	7.2B	7.8B	8.2B
Accounts Payable	275M	259.3M	453.9M	412.4M	410.3M	235.3M
Cash	174.3M	683.5M	300.5M	1.2B	1.1B	1.1B
Non Current Assets Total	5.1B	5.0B	5.4B	5.4B	5.8B	6.1B
Non Currrent Assets Other	89.3M	115.5M	129.2M	(349.8M)	136.3M	143.1M
Cash And Short Term Investments	174.3M	683.5M	300.5M	1.2B	1.1B	1.1B
Net Receivables	1.1B	928.4M	1.7B	1.6B	1.5B	1.6B
Common Stock Shares Outstanding	67.9M	65.3M	64.3M	61.5M	59.0M	70.5M
Liabilities And Stockholders Equity	8.1B	8.1B	9.5B	10.3B	10.5B	11.1B
Non Current Liabilities Total	2.2B	2.4B	2.4B	1.9B	2.0B	1.5B
Inventory	1.6B	1.4B	2.1B	2.0B	2.0B	1.0B
Other Current Assets	85.2M	80.5M	111.6M	115.6M	140.4M	147.4M
Total Liab	2.9B	3.0B	3.4B	3.2B	2.8B	2.0B
Total Current Assets	3.0B	3.1B	4.2B	4.9B	4.8B	5.0B
Short Term Debt	117.4M	57M	63.6M	560.7M	56.5M	82.6M
Property Plant And Equipment Gross	2.0B	2.0B	3.8B	4.3B	4.7B	5.0B
Accumulated Other Comprehensive Income	(105.1M)	(77.9M)	(68.9M)	(86.3M)	(76.7M)	(72.9M)
Intangible Assets	1.0B	947.1M	1.1B	1.0B	981.1M	779.2M
Common Stock Total Equity	594.6M	136.4M	122.2M	100K	90K	85.5K
Common Stock	594.6M	136.4M	122.2M	100K	90K	85.5K
Other Assets	89.3M	320M	129.2M	126.8M	1.0	0.95
Long Term Debt	1.5B	1.6B	1.6B	1.1B	1.1B	1.3B
Good Will	2.0B	1.9B	2.1B	2.1B	2.1B	1.4B
Property Plant Equipment	1.8B	1.8B	2.1B	2.2B	2.5B	1.3B
Other Liab	568.6M	578.1M	572.8M	554.1M	637.2M	350.2M
Net Tangible Assets	2.3B	2.4B	2.9B	4.0B	4.6B	4.8B
Noncontrolling Interest In Consolidated Entity	7.9M	7.5M	7.3M	7.2M	6.5M	12.3M
Retained Earnings Total Equity	4.6B	5.2B	5.2B	6.2B	7.1B	4.3B
Long Term Debt Total	1.5B	1.6B	1.6B	1.1B	1.3B	1.8B
Deferred Long Term Liab	440.1M	469.3M	455.6M	484.8M	436.3M	413.8M

Reliance Steel Investors Sentiment

The influence of Reliance Steel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Reliance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Reliance Steel's public news can be used to forecast risks associated with an investment in Reliance. The trend in average sentiment can be used to explain how an investor holding Reliance can time the market purely based on public headlines and social activities around Reliance Steel Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Reliance Steel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Reliance Steel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Reliance Steel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Reliance Steel.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Reliance Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Reliance Steel's short interest history, or implied volatility extrapolated from Reliance Steel options trading.

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When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:

How To Invest In Reliance

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Is Reliance Stock a good investment?

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What is Reliance Steel's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Reliance Stock analysis

When running Reliance Steel's price analysis, check to measure Reliance Steel'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 Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.

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Is Reliance Steel'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 Reliance Steel. If investors know Reliance 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 Reliance Steel 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

(0.20)

Dividend Share

Earnings Share

22.64

Revenue Per Share

253.839

Quarterly Revenue Growth

(0.08)

The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel'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 Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel'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 Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel'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.

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Reliance Payout Ratio vs Book Value per Share Analysis

Payout Ratio vs Book Value Per Share

Payout Ratio vs Book Value per Share Correlation Analysis

Correlation Coefficient

Payout Ratio

Book Value Per Share

Reliance Steel fundamental ratios Correlations

Reliance Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Steel fundamental ratios Accounts

Reliance Steel Investors Sentiment

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Complementary Tools for Reliance Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Stockholder Equity

Common Stock	- 0.66	Cash And Short Term Investments
Common Stock Total Equity	- 0.66	Cash And Short Term Investments
Common Stock	- 0.66	Cash
Common Stock Total Equity	- 0.66	Cash
Short Term Debt	- 0.65	Non Currrent Assets Other
Common Stock	- 0.63	Retained Earnings