Abm Industries Incorporated Stock Net Asset
ABM Stock | USD 44.28 0.18 0.40% |
ABM Industries Incorporated fundamentals help investors to digest information that contributes to ABM Industries' financial success or failures. It also enables traders to predict the movement of ABM Stock. The fundamental analysis module provides a way to measure ABM Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ABM Industries stock.
ABM | Net Asset |
ABM Industries Incorporated Company Net Asset Analysis
ABM Industries' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current ABM Industries Net Asset | 4.93 B |
Most of ABM Industries' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ABM Industries Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ABM Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for ABM Industries is extremely important. It helps to project a fair market value of ABM Stock properly, considering its historical fundamentals such as Net Asset. Since ABM Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ABM Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ABM Industries' interrelated accounts and indicators.
Click cells to compare fundamentals
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Competition |
ABM Total Assets
Total Assets |
|
Based on the recorded statements, ABM Industries Incorporated has a Net Asset of 4.93 B. This is much higher than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The net asset for all United States stocks is notably lower than that of the firm.
ABM Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ABM Industries' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ABM Industries could also be used in its relative valuation, which is a method of valuing ABM Industries by comparing valuation metrics of similar companies.ABM Industries is currently under evaluation in net asset category among related companies.
ABM Industries Institutional Holders
Institutional Holdings refers to the ownership stake in ABM Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ABM Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ABM Industries' value.Shares | Copeland Capital Management, Llc | 2023-12-31 | 1.1 M | Silvercrest Asset Management Group Llc | 2023-12-31 | 1 M | Harris Associates L.p. | 2023-12-31 | 953.9 K | Northern Trust Corp | 2023-12-31 | 921.1 K | Jpmorgan Chase & Co | 2023-12-31 | 901.4 K | William Blair Investment Management, Llc | 2023-12-31 | 827.1 K | Bank Of America Corp | 2023-12-31 | 779.6 K | Ameriprise Financial Inc | 2023-12-31 | 730.1 K | Millennium Management Llc | 2023-12-31 | 710.7 K | Blackrock Inc | 2023-12-31 | 10.7 M | Vanguard Group Inc | 2023-12-31 | 8 M |
ABM Fundamentals
Return On Equity | 0.14 | ||||
Return On Asset | 0.0434 | ||||
Profit Margin | 0.03 % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 4.21 B | ||||
Shares Outstanding | 63.29 M | ||||
Shares Owned By Insiders | 1.59 % | ||||
Shares Owned By Institutions | 93.35 % | ||||
Number Of Shares Shorted | 2.47 M | ||||
Price To Earning | 64.99 X | ||||
Price To Book | 1.51 X | ||||
Price To Sales | 0.34 X | ||||
Revenue | 8.1 B | ||||
Gross Profit | 1.13 B | ||||
EBITDA | 534.1 M | ||||
Net Income | 251.3 M | ||||
Cash And Equivalents | 73 M | ||||
Cash Per Share | 0.97 X | ||||
Total Debt | 1.44 B | ||||
Debt To Equity | 0.79 % | ||||
Current Ratio | 1.21 X | ||||
Book Value Per Share | 28.80 X | ||||
Cash Flow From Operations | 243.3 M | ||||
Short Ratio | 3.25 X | ||||
Earnings Per Share | 3.91 X | ||||
Price To Earnings To Growth | 4.45 X | ||||
Target Price | 50.83 | ||||
Number Of Employees | 123 K | ||||
Beta | 1.15 | ||||
Market Capitalization | 2.81 B | ||||
Total Asset | 4.93 B | ||||
Retained Earnings | 1.25 B | ||||
Working Capital | 492.8 M | ||||
Current Asset | 993.7 M | ||||
Current Liabilities | 599.2 M | ||||
Annual Yield | 0.02 % | ||||
Five Year Return | 1.92 % | ||||
Net Asset | 4.93 B | ||||
Last Dividend Paid | 0.89 |
About ABM Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ABM Industries Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ABM Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ABM Industries Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ABM Industries
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 ABM Industries 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 ABM Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with ABM Stock
0.88 | NL | NL Industries | PairCorr |
Moving against ABM Stock
0.82 | HDSN | Hudson Technologies Financial Report 1st of May 2024 | PairCorr |
0.78 | SOS | SOS Limited Report 16th of May 2024 | PairCorr |
0.69 | SMX | SMX Public Limited | PairCorr |
0.67 | AMBI | Ambipar Emergency Upward Rally | PairCorr |
0.64 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries 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 ABM Industries - 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 ABM Industries Incorporated to buy it.
The correlation of ABM Industries 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 ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries rporated 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 ABM Industries 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 ABM Industries Piotroski F Score and ABM Industries Altman Z Score analysis. Note that the ABM Industries rporated information on this page should be used as a complementary analysis to other ABM Industries' 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for ABM Stock analysis
When running ABM Industries' price analysis, check to measure ABM Industries' 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 ABM Industries is operating at the current time. Most of ABM Industries' value examination focuses on studying past and present price action to predict the probability of ABM Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABM Industries' price. Additionally, you may evaluate how the addition of ABM Industries to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is ABM Industries' 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 ABM Industries. If investors know ABM 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 ABM Industries 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 0.207 | Dividend Share 0.885 | Earnings Share 3.91 | Revenue Per Share 125.187 | Quarterly Revenue Growth 0.039 |
The market value of ABM Industries rporated is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if ABM Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.