Eversource Price To Sales Ratio from 2010 to 2024

ES Stock  USD 59.77  0.79  1.34%   
Eversource Energy Price To Sales Ratio yearly trend continues to be comparatively stable with very little volatility. Price To Sales Ratio will likely drop to 1.01 in 2024. Price To Sales Ratio is 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. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
1.81148949
Current Value
1.01
Quarterly Volatility
0.73611956
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Eversource Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eversource main balance sheet or income statement drivers, such as Interest Expense of 945 M, Total Revenue of 6.3 B or Gross Profit of 3.2 B, as well as many exotic indicators such as Short Term Coverage Ratios of 0.56, Price To Sales Ratio of 1.01 or Dividend Yield of 0.0413. Eversource financial statements analysis is a perfect complement when working with Eversource Energy Valuation or Volatility modules.
  
This module can also supplement Eversource Energy's financial leverage analysis and stock options assessment as well as various Eversource Energy Technical models . Check out the analysis of Eversource Energy Correlation against competitors.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.

Latest Eversource Energy's Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Eversource Energy over the last few years. Price to Sales Ratio is figured by comparing Eversource Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Eversource Energy sales, a figure that is much harder to manipulate than other Eversource Energy multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is 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. Eversource Energy's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eversource Energy's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.76 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Eversource Price To Sales Ratio Regression Statistics

Arithmetic Mean2.15
Geometric Mean2.02
Coefficient Of Variation34.18
Mean Deviation0.58
Median2.19
Standard Deviation0.74
Sample Variance0.54
Range2.3872
R-Value0.38
Mean Square Error0.50
R-Squared0.14
Significance0.17
Slope0.06
Total Sum of Squares7.59

Eversource Price To Sales Ratio History

2024 1.01
2023 1.81
2022 2.37
2021 3.17
2020 3.29
2019 3.21
2018 2.44

About Eversource Energy Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Eversource Energy income statement, its balance sheet, and the statement of cash flows. Eversource Energy investors use historical funamental indicators, such as Eversource Energy's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Eversource Energy investors may use each financial statement separately, they are all related. The changes in Eversource Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eversource Energy'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 Eversource Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eversource Energy. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Price To Sales Ratio 1.81  1.01 

Pair Trading with Eversource Energy

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 Eversource Energy 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 Eversource Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eversource Stock

  0.76D Dominion Energy Financial Report 3rd of May 2024 PairCorr
The ability to find closely correlated positions to Eversource Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eversource Energy 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 Eversource Energy - 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 Eversource Energy to buy it.
The correlation of Eversource Energy 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 Eversource Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eversource Energy 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 Eversource Energy 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 Eversource Energy is a strong investment it is important to analyze Eversource Energy'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 Eversource Energy's future performance. For an informed investment choice regarding Eversource Stock, refer to the following important reports:
Check out the analysis of Eversource Energy Correlation against competitors.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Eversource Stock analysis

When running Eversource Energy's price analysis, check to measure Eversource Energy'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 Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
CEOs Directory
Screen CEOs from public companies around the world
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Is Eversource Energy'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 Eversource Energy. If investors know Eversource 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 Eversource Energy 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
(0.03)
Dividend Share
2.7
Earnings Share
(1.27)
Revenue Per Share
34.071
Quarterly Revenue Growth
(0.11)
The market value of Eversource Energy is measured differently than its book value, which is the value of Eversource that is recorded on the company's balance sheet. Investors also form their own opinion of Eversource Energy's value that differs from its market value or its book value, called intrinsic value, which is Eversource Energy'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 Eversource Energy's market value can be influenced by many factors that don't directly affect Eversource Energy'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 Eversource Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eversource Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eversource Energy'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.