Encore Wire Stock Price To Earning

WIRE Stock  USD 235.00  3.62  1.56%   
Encore Wire fundamentals help investors to digest information that contributes to Encore Wire's financial success or failures. It also enables traders to predict the movement of Encore Stock. The fundamental analysis module provides a way to measure Encore Wire'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 Encore Wire stock.
The current year's Price to Earnings Ratio is expected to grow to 11.67, whereas Earnings Before Interest Taxes and Depreciation Amortization EBITDA is forecasted to decline to about 426.1 M.
  
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Encore Price To Earning Analysis

Encore Wire's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
 2021 2022 2023 2024 (projected)
Consolidated Income541.4M717.8M372.4M305.3M
Direct Expenses1.7B1.9B1.7B1.4B

P/E

 = 

Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current Encore Wire Price To Earning

    
  31.30 X  
Most of Encore Wire's fundamental indicators, such as Price To Earning, 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, Encore Wire is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Encore Price To Earning Historical Pattern

Today, most investors in Encore Wire Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Encore Wire'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 price to earning growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Encore Wire price to earning as a starting point in their analysis.
   Encore Wire Price To Earning   
       Timeline  
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Competition

Encore Accumulated Retained Earnings Deficit

Accumulated Retained Earnings Deficit

2.71 Billion

At present, Encore Wire's Accumulated Retained Earnings Deficit is projected to increase significantly based on the last few years of reporting.
Based on the latest financial disclosure, Encore Wire has a Price To Earning of 31.3 times. This is 58.16% higher than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The price to earning for all United States stocks is 8.98% lower than that of the firm.

Encore Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Encore Wire's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Encore Wire could also be used in its relative valuation, which is a method of valuing Encore Wire by comparing valuation metrics of similar companies.
Encore Wire is currently under evaluation in price to earning category among related companies.

Encore Wire Current Valuation Drivers

We derive many important indicators used in calculating different scores of Encore Wire from analyzing Encore Wire's financial statements. These drivers represent accounts that assess Encore Wire's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Encore Wire's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Net Income Per Employee42.1K58.9K376.0K429.3K386.4K416.9K
Revenue Per Employee923.9K987.9K1.8M1.8M1.6M1.3M
Average Assets856.1M914.6M1.3B1.8B2.0B1.6B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA93.4M118.3M722.7M951.1M516.7M426.1M
Earnings Before Interest Taxes and Depreciation Amortization USD93.4M118.3M722.7M951.1M516.7M426.1M
Earnings before Tax75.7M98.8M699.4M924.9M484.6M398.0M
Average Equity758.8M805.2M1.1B1.6B1.8B1.4B
Enterprise Value999.3M1.0B2.6B1.9B2.8B2.2B
Free Cash Flow53.6M(28.6M)300.2M540.5M290.6M313.6M
Invested Capital576.9M689.7M937.4M1.1B1.2B1.1B
Invested Capital Average586.1M623.4M895.1M1.1B1.2B1.0B
Market Capitalization1.2B1.2B2.9B2.5B3.4B2.7B
Tangible Asset Value883.2M966.5M1.5B2.0B2.0B1.6B
Working Capital473.9M461.5M881.0M1.3B1.1B876.8M

Encore Fundamentals

About Encore Wire Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Encore Wire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Encore Wire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Encore Wire 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.
Last ReportedProjected for 2024
Price to Earnings Ratio 9.68  11.67 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA516.7 M426.1 M
Earnings before Tax484.6 M398 M

Encore Wire Investors Sentiment

The influence of Encore Wire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Encore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Encore Wire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire'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 Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Encore Wire Piotroski F Score and Encore Wire Altman Z Score analysis.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Encore Wire's price analysis, check to measure Encore Wire'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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
(0.50)
Dividend Share
0.08
Earnings Share
21.62
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.