Eastman Price Book Value Ratio from 2010 to 2024

EMN Stock  USD 98.48  2.92  3.06%   
Eastman Chemical Price Book Value Ratio yearly trend continues to be very stable with very little volatility. Price Book Value Ratio is likely to grow to 2.89 this year. During the period from 2010 to 2024, Eastman Chemical Price Book Value Ratio quarterly data regression pattern had sample variance of  0.35 and median of  2.55. View All Fundamentals
 
Price Book Value Ratio  
First Reported
2010-12-31
Previous Quarter
1.95175009
Current Value
2.89
Quarterly Volatility
0.59342733
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Eastman Chemical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eastman main balance sheet or income statement drivers, such as Depreciation And Amortization of 447.6 M, Interest Expense of 123.4 M or Total Revenue of 7.8 B, as well as many exotic indicators such as Price To Sales Ratio of 0.76, Dividend Yield of 0.0326 or PTB Ratio of 2.89. Eastman financial statements analysis is a perfect complement when working with Eastman Chemical Valuation or Volatility modules.
  
This module can also supplement Eastman Chemical's financial leverage analysis and stock options assessment as well as various Eastman Chemical Technical models . Check out the analysis of Eastman Chemical Correlation against competitors.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

Latest Eastman Chemical's Price Book Value Ratio Growth Pattern

Below is the plot of the Price Book Value Ratio of Eastman Chemical over the last few years. It is Eastman Chemical's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eastman Chemical's overall financial position and show how it may be relating to other accounts over time.
Price Book Value Ratio10 Years Trend
Slightly volatile
   Price Book Value Ratio   
       Timeline  

Eastman Price Book Value Ratio Regression Statistics

Arithmetic Mean2.64
Geometric Mean2.58
Coefficient Of Variation22.46
Mean Deviation0.50
Median2.55
Standard Deviation0.59
Sample Variance0.35
Range1.9211
R-Value(0.65)
Mean Square Error0.22
R-Squared0.42
Significance0.01
Slope(0.09)
Total Sum of Squares4.93

Eastman Price Book Value Ratio History

2024 2.89
2023 1.95
2022 2.16
2021 2.86
2020 2.26
2019 1.83
2018 1.78

About Eastman Chemical Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Eastman Chemical income statement, its balance sheet, and the statement of cash flows. Eastman Chemical investors use historical funamental indicators, such as Eastman Chemical's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Eastman Chemical investors may use each financial statement separately, they are all related. The changes in Eastman Chemical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eastman Chemical'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 Eastman Chemical Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eastman Chemical. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price Book Value Ratio 1.95  2.89 

Pair Trading with Eastman Chemical

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 Eastman Chemical 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 Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastman Stock

  0.92DD Dupont De Nemours Report 7th of May 2024 PairCorr
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Moving against Eastman Stock

  0.71WDFC WD 40 Company Financial Report 8th of July 2024 PairCorr
The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical 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 Eastman Chemical - 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 Eastman Chemical to buy it.
The correlation of Eastman Chemical 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 Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical 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 Eastman Chemical 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.
Pair CorrelationCorrelation Matching
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:
Check out the analysis of Eastman Chemical Correlation against competitors.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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Is Eastman Chemical'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 Eastman Chemical. If investors know Eastman 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 Eastman Chemical 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
0.241
Dividend Share
3.2
Earnings Share
7.49
Revenue Per Share
77.04
Quarterly Revenue Growth
(0.04)
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical'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 Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical'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 Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical'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.