Worthington Price To Sales Ratio from 2010 to 2024
| WS Stock | 33.50 0.97 2.81% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.4 | Current Value 0.45 | Quarterly Volatility 0.10121637 |
Check Worthington Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Worthington main balance sheet or income statement drivers, such as Tax Provision of 34.8 M, Depreciation And Amortization of 63.8 M or Selling General Administrative of 192.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.45, Dividend Yield of 0.0 or PTB Ratio of 1.54. Worthington financial statements analysis is a perfect complement when working with Worthington Steel Valuation or Volatility modules.
Worthington | Price To Sales Ratio |
Latest Worthington Steel's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Worthington Steel over the last few years. Price to Sales Ratio is figured by comparing Worthington Steel stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Worthington Steel sales, a figure that is much harder to manipulate than other Worthington Steel 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. Worthington Steel's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Worthington Steel's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.41 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Worthington Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 0.53 | |
| Geometric Mean | 0.52 | |
| Coefficient Of Variation | 19.05 | |
| Mean Deviation | 0.08 | |
| Median | 0.59 | |
| Standard Deviation | 0.10 | |
| Sample Variance | 0.01 | |
| Range | 0.2805 | |
| R-Value | (0.70) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | (0.02) | |
| Total Sum of Squares | 0.14 |
Worthington Price To Sales Ratio History
About Worthington Steel Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Worthington Steel income statement, its balance sheet, and the statement of cash flows. Worthington Steel investors use historical funamental indicators, such as Worthington Steel's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Worthington Steel investors may use each financial statement separately, they are all related. The changes in Worthington Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Worthington Steel'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 Worthington Steel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Worthington Steel. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.40 | 0.45 |
Pair Trading with Worthington Steel
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 Worthington Steel 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 Worthington Steel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Worthington Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worthington Steel 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 Worthington Steel - 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 Worthington Steel to buy it.
The correlation of Worthington Steel 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 Worthington Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worthington Steel 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 Worthington Steel 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 the analysis of Worthington Steel Correlation against competitors. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Worthington Stock analysis
When running Worthington Steel's price analysis, check to measure Worthington 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 Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington 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 Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.
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Is Worthington 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 Worthington Steel. If investors know Worthington 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 Worthington Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 67.536 | Quarterly Revenue Growth (0.07) |
The market value of Worthington Steel is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Steel's value that differs from its market value or its book value, called intrinsic value, which is Worthington 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 Worthington Steel's market value can be influenced by many factors that don't directly affect Worthington 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 Worthington Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington 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.