Parkland Ptb Ratio vs Book Value Per Share Analysis

PKI Stock  CAD 39.44  0.40  1.00%   
Parkland Fuel financial indicator trend analysis is much more than just breaking down Parkland Fuel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkland Fuel is a good investment. Please check the relationship between Parkland Fuel Ptb Ratio and its Book Value Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Ptb Ratio vs Book Value Per Share

Ptb Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parkland Fuel Ptb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Parkland Fuel's Ptb Ratio and Book Value Per Share is -0.18. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Parkland Fuel, assuming nothing else is changed. The correlation between historical values of Parkland Fuel's Ptb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Parkland Fuel are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Ptb Ratio i.e., Parkland Fuel's Ptb Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Parkland Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkland Fuel 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Parkland Fuel's Selling General Administrative is very stable compared to the past year. As of the 22nd of May 2024, Tax Provision is likely to grow to about 51.6 M, while Issuance Of Capital Stock is likely to drop about 12.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense223M295M352M369.6M
Depreciation And Amortization616M743M854.5M897.2M

Parkland Fuel fundamental ratios Correlations

0.990.980.971.00.99-0.180.981.00.490.960.951.00.970.23-0.331.00.990.970.570.980.60.880.890.950.99
0.990.980.970.980.96-0.090.990.970.390.940.920.980.990.17-0.230.991.00.980.570.950.520.880.940.970.96
0.980.980.970.960.95-0.180.990.960.360.960.920.960.980.29-0.20.980.980.990.60.950.610.880.930.980.96
0.970.970.970.970.94-0.220.970.970.410.930.960.950.950.2-0.210.970.960.950.530.970.660.830.890.960.97
1.00.980.960.970.99-0.160.961.00.540.950.950.990.950.18-0.380.990.980.950.550.990.60.860.870.920.99
0.990.960.950.940.99-0.250.950.990.540.970.920.990.950.26-0.390.990.970.950.550.980.580.890.840.890.98
-0.18-0.09-0.18-0.22-0.16-0.25-0.15-0.190.03-0.25-0.19-0.17-0.12-0.53-0.05-0.17-0.14-0.15-0.06-0.26-0.4-0.140.06-0.12-0.25
0.980.990.990.970.960.95-0.150.960.320.960.90.971.00.21-0.160.980.990.990.540.940.540.890.950.980.95
1.00.970.960.971.00.99-0.190.960.550.950.960.990.950.2-0.390.990.970.940.560.990.620.850.860.921.0
0.490.390.360.410.540.540.030.320.550.40.540.520.30.17-0.830.480.380.320.50.550.40.410.230.290.54
0.960.940.960.930.950.97-0.250.960.950.40.890.960.960.25-0.260.970.960.970.50.950.580.920.870.90.94
0.950.920.920.960.950.92-0.190.90.960.540.890.930.880.23-0.40.940.910.880.580.960.680.740.790.90.97
1.00.980.960.950.990.99-0.170.970.990.520.960.930.960.2-0.371.00.990.960.550.980.560.890.880.920.98
0.970.990.980.950.950.95-0.121.00.950.30.960.880.960.18-0.160.980.990.990.520.920.50.90.950.960.93
0.230.170.290.20.180.26-0.530.210.20.170.250.230.20.18-0.130.230.180.270.670.210.420.230.110.290.25
-0.33-0.23-0.2-0.21-0.38-0.39-0.05-0.16-0.39-0.83-0.26-0.4-0.37-0.16-0.13-0.33-0.24-0.16-0.35-0.38-0.26-0.2-0.04-0.12-0.39
1.00.990.980.970.990.99-0.170.980.990.480.970.941.00.980.23-0.330.990.970.570.980.580.890.90.940.98
0.991.00.980.960.980.97-0.140.990.970.380.960.910.990.990.18-0.240.990.980.530.950.520.880.930.950.96
0.970.980.990.950.950.95-0.150.990.940.320.970.880.960.990.27-0.160.970.980.580.920.530.920.950.970.93
0.570.570.60.530.550.55-0.060.540.560.50.50.580.550.520.67-0.350.570.530.580.510.30.540.540.620.56
0.980.950.950.970.990.98-0.260.940.990.550.950.960.980.920.21-0.380.980.950.920.510.670.840.820.90.99
0.60.520.610.660.60.58-0.40.540.620.40.580.680.560.50.42-0.260.580.520.530.30.670.380.350.580.65
0.880.880.880.830.860.89-0.140.890.850.410.920.740.890.90.23-0.20.890.880.920.540.840.380.910.840.83
0.890.940.930.890.870.840.060.950.860.230.870.790.880.950.11-0.040.90.930.950.540.820.350.910.940.83
0.950.970.980.960.920.89-0.120.980.920.290.90.90.920.960.29-0.120.940.950.970.620.90.580.840.940.92
0.990.960.960.970.990.98-0.250.951.00.540.940.970.980.930.25-0.390.980.960.930.560.990.650.830.830.92
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Parkland Fuel Account Relationship Matchups

Parkland Fuel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.3B9.1B11.6B14.3B13.9B14.6B
Short Long Term Debt Total3.9B4.2B5.6B7.0B8.0B8.4B
Total Current Liabilities1.9B1.6B2.3B3.3B3.4B3.5B
Total Stockholder Equity2.0B1.9B2.0B3.0B3.2B3.3B
Property Plant And Equipment Net3.7B3.8B4.4B5.1B5.2B5.4B
Net Debt3.7B3.9B5.3B6.3B4.9B5.2B
Retained Earnings53M(49M)(142M)(206M)9M9.5M
Accounts Payable1.4B1.2B2.0B2.8B2.8B3.0B
Non Current Assets Total7.1B7.2B8.4B9.7B9.5B10.0B
Non Currrent Assets Other474M552M205M195M92M67.9M
Net Receivables1.1B826M1.4B1.9B1.4B1.5B
Common Stock Shares Outstanding135.1M149.7M150.9M152.5M175.8M184.6M
Liabilities And Stockholders Equity9.3B9.1B11.6B14.3B16.4B17.3B
Non Current Liabilities Total5.1B5.2B7.0B8.0B7.3B7.7B
Inventory780M650M1.3B1.7B1.8B1.8B
Other Current Assets97M140M179M290M75M57.9M
Other Stockholder Equity(467M)(444M)(435M)73M65.7M69.0M
Total Liab7.0B6.8B9.2B11.3B10.7B11.2B
Property Plant And Equipment Gross3.7B3.8B6.3B7.5B7.8B8.2B
Total Current Assets2.2B1.9B3.1B4.6B4.3B4.5B
Accumulated Other Comprehensive Income(10M)(28M)(39M)(67M)(77.1M)(80.9M)
Short Term Debt115M303M124M173M199.0M208.9M
Intangible Assets965M949M1.1B1.4B1.2B1.2B
Other Current Liab401M91M156M271M216M226.8M
Cash244M262M284M653M387M406.4M
Cash And Short Term Investments244M262M284M653M751.0M788.5M
Current Deferred Revenue22M19M23M36M41.4M43.5M
Good Will1.8B1.9B2.2B2.5B2.4B2.5B
Common Stock Total Equity1.8B1.9B2.4B2.4B2.8B1.4B
Common Stock2.4B2.4B2.6B3.2B3.7B3.9B
Other Liab1.3B1.3B1.5B1.2B1.3B741.2M
Net Tangible Assets(818M)(894M)(1.3B)(802M)(721.8M)(685.7M)
Other Assets404M439M401M279M320.9M236.6M
Long Term Debt3.4B3.9B4.9B6.1B5.3B3.0B
Short Long Term Debt115M303M3M1M900K855K
Property Plant Equipment3.7B3.8B4.4B5.1B5.9B6.2B
Long Term Debt Total3.8B3.9B5.4B6.8B7.8B8.2B
Capital Surpluse27M50M59M73M84.0M88.1M
Non Current Liabilities Other28M23M40M75M54M40.0M
Cash And Equivalents244M262M284M653M751.0M788.5M

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Please note, there is a significant difference between Parkland Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parkland Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parkland Fuel'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.