Permian Basin Royalty Stock Current Ratio
| PBT Stock | USD 12.54 0.07 0.56% |
Permian Basin Royalty fundamentals help investors to digest information that contributes to Permian Basin's financial success or failures. It also enables traders to predict the movement of Permian Stock. The fundamental analysis module provides a way to measure Permian Basin's 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 Permian Basin stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.22 | 1.34 |
Permian | Current Ratio |
Permian Basin Royalty Company Current Ratio Analysis
Permian Basin's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Permian Basin Current Ratio | 1.26 X |
Most of Permian Basin's fundamental indicators, such as Current Ratio, 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, Permian Basin Royalty is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Permian Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Permian Basin is extremely important. It helps to project a fair market value of Permian Stock properly, considering its historical fundamentals such as Current Ratio. Since Permian Basin's 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 Permian Basin's 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 Permian Basin's interrelated accounts and indicators.
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Permian Current Ratio Historical Pattern
Today, most investors in Permian Basin Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Permian Basin's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Permian Basin current ratio as a starting point in their analysis.
Permian Basin Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Permian Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Permian Basin Royalty has a Current Ratio of 1.26 times. This is 10.0% lower than that of the Oil, Gas & Consumable Fuels sector and 32.63% higher than that of the Energy industry. The current ratio for all United States stocks is 41.67% higher than that of the company.
Permian Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Permian Basin's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Permian Basin could also be used in its relative valuation, which is a method of valuing Permian Basin by comparing valuation metrics of similar companies.Permian Basin is currently under evaluation in current ratio category among related companies.
Permian Basin Current Valuation Drivers
We derive many important indicators used in calculating different scores of Permian Basin from analyzing Permian Basin's financial statements. These drivers represent accounts that assess Permian Basin's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Permian Basin's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 179.9M | 154.3M | 470.7M | 1.2B | 650.7M | 365.3M | |
| Enterprise Value | (2.7B) | (1.6B) | (1.8B) | 1.2B | (5.4B) | (5.1B) |
Permian Basin ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Permian Basin's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Permian Basin's managers, analysts, and investors.Environmental | Governance | Social |
Permian Fundamentals
| Return On Equity | 1.28 | |||
| Return On Asset | 6.33 | |||
| Profit Margin | 0.96 % | |||
| Operating Margin | 0.91 % | |||
| Current Valuation | 581.45 M | |||
| Shares Outstanding | 46.61 M | |||
| Shares Owned By Insiders | 10.00 % | |||
| Shares Owned By Institutions | 28.13 % | |||
| Number Of Shares Shorted | 162.86 K | |||
| Price To Earning | 89.02 X | |||
| Price To Book | 2,563 X | |||
| Price To Sales | 19.51 X | |||
| Revenue | 29.1 M | |||
| Gross Profit | 54.47 M | |||
| EBITDA | 27.98 M | |||
| Net Income | 27.98 M | |||
| Cash And Equivalents | 2.86 M | |||
| Cash Per Share | 0.12 X | |||
| Current Ratio | 1.26 X | |||
| Book Value Per Share | 0 X | |||
| Cash Flow From Operations | (57.96 M) | |||
| Short Ratio | 1.15 X | |||
| Earnings Per Share | 0.62 X | |||
| Target Price | 13.0 | |||
| Beta | 0.64 | |||
| Market Capitalization | 584.47 M | |||
| Total Asset | 6.27 M | |||
| Working Capital | 1.1 M | |||
| Current Asset | 2.14 M | |||
| Current Liabilities | 2.14 M | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 7.15 % | |||
| Net Asset | 6.27 M | |||
| Last Dividend Paid | 0.62 |
About Permian Basin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Permian Basin Royalty's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Permian Basin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Permian Basin Royalty 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 Permian Basin
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 Permian Basin 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 Permian Basin will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Permian Basin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Permian Basin 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 Permian Basin - 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 Permian Basin Royalty to buy it.
The correlation of Permian Basin 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 Permian Basin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Permian Basin Royalty 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 Permian Basin 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 Permian Basin Piotroski F Score and Permian Basin Altman Z Score analysis. Note that the Permian Basin Royalty information on this page should be used as a complementary analysis to other Permian Basin's 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running Permian Basin's price analysis, check to measure Permian Basin'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 Permian Basin is operating at the current time. Most of Permian Basin's value examination focuses on studying past and present price action to predict the probability of Permian Basin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Basin's price. Additionally, you may evaluate how the addition of Permian Basin to your portfolios can decrease your overall portfolio volatility.
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Is Permian Basin'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 Permian Basin. If investors know Permian 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 Permian Basin 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 0.159 | Dividend Share 0.616 | Earnings Share 0.62 | Revenue Per Share 0.642 | Quarterly Revenue Growth 0.158 |
The market value of Permian Basin Royalty is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Basin's value that differs from its market value or its book value, called intrinsic value, which is Permian Basin'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 Permian Basin's market value can be influenced by many factors that don't directly affect Permian Basin'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 Permian Basin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Permian Basin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian Basin'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.