Provident Financial Services Stock Z Score
| PFS Stock | USD 15.55 0.03 0.19% |
Provident | Z Score |
Provident Financial Services Company Z Score Analysis
Provident Financial's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Provident Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Provident Financial is extremely important. It helps to project a fair market value of Provident Stock properly, considering its historical fundamentals such as Z Score. Since Provident Financial'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 Provident Financial'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 Provident Financial's interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Provident Financial Services has a Z Score of 0.0. This is 100.0% lower than that of the Thrifts & Mortgage Finance sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Provident Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Provident Financial's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Provident Financial could also be used in its relative valuation, which is a method of valuing Provident Financial by comparing valuation metrics of similar companies.Provident Financial is currently under evaluation in z score category among related companies.
Provident Financial Current Valuation Drivers
We derive many important indicators used in calculating different scores of Provident Financial from analyzing Provident Financial's financial statements. These drivers represent accounts that assess Provident Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Provident Financial's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.6B | 1.2B | 1.9B | 1.6B | 1.3B | 975.3M | |
| Enterprise Value | 2.5B | 1.9B | 1.8B | 2.8B | 3.1B | 1.8B |
Provident Financial Institutional Holders
Institutional Holdings refers to the ownership stake in Provident Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Provident Financial's 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 Provident Financial's value.| Shares | Charles Schwab Investment Management Inc | 2023-12-31 | 938.3 K | Northern Trust Corp | 2023-12-31 | 759 K | Systematic Financial Management Lp | 2023-12-31 | 751 K | Nuveen Asset Management, Llc | 2023-12-31 | 658.5 K | Victory Capital Management Inc. | 2023-12-31 | 630.3 K | Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 538.5 K | Norges Bank | 2023-12-31 | 522.4 K | Principal Financial Group Inc | 2023-12-31 | 393.5 K | Bridgeway Capital Management, Llc | 2023-12-31 | 378.6 K | Blackrock Inc | 2023-12-31 | 11 M | Vanguard Group Inc | 2023-12-31 | 8.6 M |
Provident Fundamentals
| Return On Equity | 0.0719 | ||||
| Return On Asset | 0.0086 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.42 % | ||||
| Current Valuation | 3.31 B | ||||
| Shares Outstanding | 75.93 M | ||||
| Shares Owned By Insiders | 3.54 % | ||||
| Shares Owned By Institutions | 74.95 % | ||||
| Number Of Shares Shorted | 4.79 M | ||||
| Price To Earning | 12.34 X | ||||
| Price To Book | 0.63 X | ||||
| Price To Sales | 2.35 X | ||||
| Revenue | 695.65 M | ||||
| Gross Profit | 496.95 M | ||||
| EBITDA | 2.95 M | ||||
| Net Income | 128.4 M | ||||
| Cash And Equivalents | 381.36 M | ||||
| Cash Per Share | 5.13 X | ||||
| Total Debt | 1.98 B | ||||
| Debt To Equity | 0.30 % | ||||
| Book Value Per Share | 22.41 X | ||||
| Cash Flow From Operations | 173.4 M | ||||
| Short Ratio | 6.76 X | ||||
| Earnings Per Share | 1.60 X | ||||
| Price To Earnings To Growth | 1.84 X | ||||
| Target Price | 18.2 | ||||
| Number Of Employees | 1.11 K | ||||
| Beta | 1.06 | ||||
| Market Capitalization | 1.18 B | ||||
| Total Asset | 14.21 B | ||||
| Retained Earnings | 974.54 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.16 % | ||||
| Net Asset | 14.21 B | ||||
| Last Dividend Paid | 0.96 |
About Provident Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Provident Financial Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Provident Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Provident Financial Services 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.
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Check out Provident Financial Piotroski F Score and Provident Financial Valuation analysis. Note that the Provident Financial information on this page should be used as a complementary analysis to other Provident Financial'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Provident Stock analysis
When running Provident Financial's price analysis, check to measure Provident Financial'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 Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Provident Financial'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 Provident Financial. If investors know Provident 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 Provident Financial 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 (0.21) | Dividend Share 0.96 | Earnings Share 1.6 | Revenue Per Share 5.883 | Quarterly Revenue Growth (0.08) |
The market value of Provident Financial is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Financial's value that differs from its market value or its book value, called intrinsic value, which is Provident Financial'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 Provident Financial's market value can be influenced by many factors that don't directly affect Provident Financial'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 Provident Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Financial'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.