Deere Price To Sales Ratio vs Ev To Sales Analysis
DE Stock | USD 400.96 5.00 1.26% |
Deere financial indicator trend analysis is much more than just examining Deere Company latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Deere Company is a good investment. Please check the relationship between Deere Price To Sales Ratio and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Price To Sales Ratio vs Ev To Sales
Price To Sales Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Deere Company Price To Sales Ratio account and Ev To Sales. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Deere's Price To Sales Ratio and Ev To Sales is 0.95. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Deere Company, assuming nothing else is changed. The correlation between historical values of Deere's Price To Sales Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Deere Company are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Price To Sales Ratio i.e., Deere's Price To Sales Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Deere Company stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Deere sales, a figure that is much harder to manipulate than other Deere Company multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. 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.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most indicators from Deere's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Deere Company current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At present, Deere's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 15.01, whereas Selling General Administrative is forecasted to decline to about 2.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1B | 2.5B | 2.8B | 3.0B | Depreciation And Amortization | 1.9B | 2.0B | 2.3B | 2.4B |
Deere fundamental ratios Correlations
Click cells to compare fundamentals
Deere Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Deere fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 75.1B | 84.1B | 90.0B | 104.1B | 119.7B | 125.7B | |
Short Long Term Debt Total | 46.0B | 48.4B | 51.9B | 63.4B | 72.9B | 76.6B | |
Other Current Liab | (1.5B) | (1.7B) | 10.0B | 11.5B | 13.3B | 13.9B | |
Total Current Liabilities | 23.5B | 27.9B | 33.1B | 41.1B | 47.2B | 49.6B | |
Total Stockholder Equity | 12.9B | 18.4B | 20.3B | 21.8B | 25.1B | 26.3B | |
Property Plant And Equipment Net | 13.1B | 12.8B | 12.7B | 13.8B | 15.9B | 16.7B | |
Net Debt | 38.9B | 40.4B | 47.1B | 56.0B | 64.3B | 67.6B | |
Retained Earnings | 31.6B | 36.4B | 42.2B | 50.9B | 58.6B | 61.5B | |
Cash | 7.1B | 8.0B | 4.8B | 7.5B | 8.6B | 9.0B | |
Non Current Assets Total | 22.5B | 24.2B | 24.6B | 26.2B | 30.1B | 31.6B | |
Non Currrent Assets Other | 3.3B | 5.6B | 6.0B | 2.5B | 2.9B | 2.0B | |
Cash And Short Term Investments | 7.7B | 8.7B | 5.5B | 8.4B | 9.7B | 10.1B | |
Net Receivables | 39.9B | 44.4B | 51.5B | 61.4B | 70.6B | 74.1B | |
Liabilities And Stockholders Equity | 75.1B | 84.1B | 90.0B | 104.1B | 119.7B | 125.7B | |
Non Current Liabilities Total | 38.7B | 37.8B | 36.5B | 41.1B | 47.3B | 49.7B | |
Inventory | 5.0B | 6.8B | 8.5B | 8.2B | 9.4B | 9.9B | |
Other Current Assets | 37.9B | 42.3B | 1.1B | 56.5B | 64.9B | 68.2B | |
Other Stockholder Equity | (18.1B) | (20.5B) | (24.1B) | (31.3B) | (28.2B) | (26.8B) | |
Total Liab | 62.1B | 65.7B | 69.7B | 82.2B | 94.5B | 99.3B | |
Property Plant And Equipment Gross | 13.1B | 12.8B | 12.7B | 13.8B | 15.9B | 16.7B | |
Total Current Assets | 52.6B | 60.0B | 65.5B | 77.9B | 89.6B | 94.1B | |
Accumulated Other Comprehensive Income | (5.5B) | (2.5B) | (3.1B) | (3.1B) | (2.8B) | (2.9B) | |
Short Term Debt | 13.3B | 15.5B | 18.3B | 24.9B | 28.7B | 30.1B | |
Accounts Payable | 10.1B | 12.2B | 3.9B | 3.5B | 4.0B | 5.5B | |
Intangible Assets | 1.3B | 1.3B | 1.2B | 1.1B | 1.3B | 1.4B | |
Common Stock Total Equity | 4.6B | 4.9B | 5.1B | 5.2B | 5.9B | 3.6B | |
Short Term Investments | 641M | 728M | 734M | 946M | 1.1B | 841.9M | |
Common Stock | 4.9B | 5.1B | 5.2B | 5.3B | 6.1B | 3.7B | |
Other Liab | 6.0B | 5.1B | 3.0B | 2.7B | 3.1B | 5.5B | |
Other Assets | 3.4B | 31.2B | 7.1B | 6.1B | 7.1B | 6.2B | |
Long Term Debt | 37.4B | 32.9B | 33.6B | 38.5B | 44.2B | 22.3B | |
Treasury Stock | (16.3B) | (17.5B) | (18.1B) | (20.5B) | (18.5B) | (17.6B) | |
Property Plant Equipment | 6.1B | 12.8B | 6.0B | 7.2B | 8.2B | 5.4B | |
Current Deferred Revenue | 1.6B | 1.8B | 956M | 1.1B | 1.3B | 851.5M | |
Good Will | 3.1B | 3.3B | 3.7B | 3.9B | 4.5B | 4.7B | |
Net Tangible Assets | 8.5B | 13.9B | 15.4B | 16.3B | 18.7B | 19.7B | |
Noncontrolling Interest In Consolidated Entity | 3.4M | 4M | 7M | 3M | 2.7M | 2.6M | |
Retained Earnings Total Equity | 29.9B | 31.6B | 36.4B | 42.2B | 48.6B | 26.4B | |
Long Term Debt Total | 34.6B | 37.4B | 37.5B | 33.6B | 38.6B | 29.0B |
Pair Trading with Deere
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 Deere 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 Deere will appreciate offsetting losses from the drop in the long position's value.Moving against Deere Stock
0.54 | IDEX | Ideanomics | PairCorr |
0.47 | KUBTY | Kubota Corp ADR Earnings Call This Week | PairCorr |
0.46 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
0.46 | TWI | Titan International | PairCorr |
The ability to find closely correlated positions to Deere could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deere 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 Deere - 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 Deere Company to buy it.
The correlation of Deere 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 Deere moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deere Company 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 Deere 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Deere Company information on this page should be used as a complementary analysis to other Deere'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Deere Stock analysis
When running Deere's price analysis, check to measure Deere'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 Deere is operating at the current time. Most of Deere's value examination focuses on studying past and present price action to predict the probability of Deere's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deere's price. Additionally, you may evaluate how the addition of Deere to your portfolios can decrease your overall portfolio volatility.
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Is Deere'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 Deere. If investors know Deere 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 Deere 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 (0.05) | Dividend Share 5.32 | Earnings Share 34.33 | Revenue Per Share 211.12 | Quarterly Revenue Growth (0.04) |
The market value of Deere Company is measured differently than its book value, which is the value of Deere that is recorded on the company's balance sheet. Investors also form their own opinion of Deere's value that differs from its market value or its book value, called intrinsic value, which is Deere'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 Deere's market value can be influenced by many factors that don't directly affect Deere'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 Deere's value and its price as these two are different measures arrived at by different means. Investors typically determine if Deere is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deere'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.