Tetra Tech Stock Beta

TTEK Stock

USD 41.51 0.04 0.1%

Tetra Tech fundamentals help investors to digest information that contributes to Tetra Tech's financial success or failures. It also enables traders to predict the movement of Tetra Stock. The fundamental analysis module provides a way to measure Tetra Tech'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 Tetra Tech stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Tetra Tech Company Beta Analysis

Tetra Tech's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Tetra Tech Beta

0.94

Most of Tetra Tech's fundamental indicators, such as Beta, 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, Tetra Tech is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Tetra Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Tetra Tech is extremely important. It helps to project a fair market value of Tetra Stock properly, considering its historical fundamentals such as Beta. Since Tetra Tech'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 Tetra Tech'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 Tetra Tech's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.91	0.97	0.47	0.94	0.99	0.95	0.81	0.79	0.99	0.76	0.89	0.8	-0.04	-0.78	0.78	0.4	-0.7	-0.27	0.67	0.37	0.14	0.75	-0.8	-0.8
Total Stockholder Equity	0.97		0.79	0.92	0.55	0.96	0.91	0.96	0.75	0.77	0.94	0.79	0.8	0.77	-0.14	-0.7	0.77	0.34	-0.57	-0.19	0.68	0.26	0.09	0.65	-0.69	-0.78
Net Debt	0.91	0.79		0.88	0.21	0.76	0.96	0.76	0.82	0.81	0.94	0.67	0.94	0.75	0.0	-0.69	0.67	0.36	-0.69	-0.34	0.64	0.42	0.21	0.84	-0.82	-0.78
Retained Earnings	0.97	0.92	0.88		0.42	0.9	0.97	0.92	0.87	0.63	0.96	0.7	0.82	0.8	0.03	-0.83	0.8	0.44	-0.84	-0.36	0.63	0.48	0.21	0.69	-0.88	-0.78
Accounts Payable	0.47	0.55	0.21	0.42		0.7	0.4	0.67	0.02	0.29	0.41	0.2	0.29	0.14	0.18	-0.5	0.3	0.51	-0.25	0.25	0.2	0.09	-0.17	0.29	-0.17	-0.04
Net Receivables	0.94	0.96	0.76	0.9	0.7		0.9	1.0	0.64	0.69	0.91	0.68	0.78	0.64	0.0	-0.77	0.71	0.5	-0.64	-0.08	0.57	0.32	0.09	0.6	-0.65	-0.68
Total Liab	0.99	0.91	0.96	0.97	0.4	0.9		0.91	0.82	0.78	0.99	0.71	0.91	0.79	0.03	-0.8	0.77	0.42	-0.75	-0.31	0.64	0.43	0.17	0.78	-0.85	-0.79
Total Current Assets	0.95	0.96	0.76	0.92	0.67	1.0	0.91		0.68	0.66	0.91	0.68	0.77	0.67	0.01	-0.79	0.71	0.52	-0.67	-0.09	0.57	0.31	0.12	0.59	-0.68	-0.68
Short Term Debt	0.81	0.75	0.82	0.87	0.02	0.64	0.82	0.68		0.51	0.82	0.69	0.7	0.72	-0.14	-0.55	0.75	0.26	-0.74	-0.46	0.66	0.55	0.52	0.61	-0.87	-0.8
Intangible Assets	0.79	0.77	0.81	0.63	0.29	0.69	0.78	0.66	0.51		0.83	0.73	0.87	0.69	-0.23	-0.45	0.53	0.07	-0.2	-0.16	0.66	0.01	-0.15	0.79	-0.46	-0.71
Good Will	0.99	0.94	0.94	0.96	0.41	0.91	0.99	0.91	0.82	0.83		0.78	0.93	0.81	-0.07	-0.77	0.77	0.36	-0.69	-0.32	0.71	0.38	0.12	0.79	-0.81	-0.83
Common Stock	0.76	0.79	0.67	0.7	0.2	0.68	0.71	0.68	0.69	0.73	0.78		0.83	0.62	-0.67	-0.47	0.51	0.2	-0.36	-0.16	0.94	0.17	0.05	0.61	-0.46	-0.93
Long Term Debt	0.89	0.8	0.94	0.82	0.29	0.78	0.91	0.77	0.7	0.87	0.93	0.83		0.69	-0.26	-0.68	0.54	0.41	-0.56	-0.17	0.78	0.26	0.04	0.82	-0.64	-0.85
Property Plant Equipment	0.8	0.77	0.75	0.8	0.14	0.64	0.79	0.67	0.72	0.69	0.81	0.62	0.69		-0.02	-0.69	0.68	0.11	-0.54	-0.43	0.58	0.1	-0.17	0.69	-0.73	-0.72
Current Deferred Revenue	-0.04	-0.14	0.0	0.03	0.18	0.0	0.03	0.01	-0.14	-0.23	-0.07	-0.67	-0.26	-0.02		-0.16	0.11	0.08	-0.25	-0.15	-0.67	0.2	0.05	-0.08	-0.22	0.5
Net Tangible Assets	-0.78	-0.7	-0.69	-0.83	-0.5	-0.77	-0.8	-0.79	-0.55	-0.45	-0.77	-0.47	-0.68	-0.69	-0.16		-0.61	-0.66	0.8	0.13	-0.43	-0.33	0.1	-0.54	0.7	0.55
Short Term Investments	0.78	0.77	0.67	0.8	0.3	0.71	0.77	0.71	0.75	0.53	0.77	0.51	0.54	0.68	0.11	-0.61		0.08	-0.61	-0.59	0.45	0.63	0.24	0.52	-0.84	-0.62
Long Term Debt Total	0.4	0.34	0.36	0.44	0.51	0.5	0.42	0.52	0.26	0.07	0.36	0.2	0.41	0.11	0.08	-0.66	0.08		-0.57	0.42	0.21	0.16	0.18	0.22	-0.25	-0.18
Capital Surpluse	-0.7	-0.57	-0.69	-0.84	-0.25	-0.64	-0.75	-0.67	-0.74	-0.2	-0.69	-0.36	-0.56	-0.54	-0.25	0.8	-0.61	-0.57		0.38	-0.36	-0.67	-0.34	-0.46	0.86	0.52
Deferred Long Term Liab	-0.27	-0.19	-0.34	-0.36	0.25	-0.08	-0.31	-0.09	-0.46	-0.16	-0.32	-0.16	-0.17	-0.43	-0.15	0.13	-0.59	0.42	0.38		-0.24	-0.61	-0.09	-0.38	0.66	0.3
Accumulated Depreciation	0.67	0.68	0.64	0.63	0.2	0.57	0.64	0.57	0.66	0.66	0.71	0.94	0.78	0.58	-0.67	-0.43	0.45	0.21	-0.36	-0.24		0.23	0.02	0.74	-0.49	-0.82
Long Term Investments	0.37	0.26	0.42	0.48	0.09	0.32	0.43	0.31	0.55	0.01	0.38	0.17	0.26	0.1	0.2	-0.33	0.63	0.16	-0.67	-0.61	0.23		0.57	0.3	-0.72	-0.28
Short Long Term Debt	0.14	0.09	0.21	0.21	-0.17	0.09	0.17	0.12	0.52	-0.15	0.12	0.05	0.04	-0.17	0.05	0.1	0.24	0.18	-0.34	-0.09	0.02	0.57		-0.06	-0.34	-0.13
Net Invested Capital	0.75	0.65	0.84	0.69	0.29	0.6	0.78	0.59	0.61	0.79	0.79	0.61	0.82	0.69	-0.08	-0.54	0.52	0.22	-0.46	-0.38	0.74	0.3	-0.06		-0.69	-0.57
Net Working Capital	-0.8	-0.69	-0.82	-0.88	-0.17	-0.65	-0.85	-0.68	-0.87	-0.46	-0.81	-0.46	-0.64	-0.73	-0.22	0.7	-0.84	-0.25	0.86	0.66	-0.49	-0.72	-0.34	-0.69		0.61
Capital Stock	-0.8	-0.78	-0.78	-0.78	-0.04	-0.68	-0.79	-0.68	-0.8	-0.71	-0.83	-0.93	-0.85	-0.72	0.5	0.55	-0.62	-0.18	0.52	0.3	-0.82	-0.28	-0.13	-0.57	0.61

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Tetra Tech

In accordance with the recently published financial statements, Tetra Tech has a Beta of 0.939. This is 31.46% lower than that of the Commercial Services & Supplies sector and 12.24% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

Tetra Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tetra Tech's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tetra Tech could also be used in its relative valuation, which is a method of valuing Tetra Tech by comparing valuation metrics of similar companies.

Tetra Tech is currently under evaluation in beta category among its peers.

Tetra Tech 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, Tetra Tech's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tetra Tech's managers, analysts, and investors.

Environmental

Governance

Social

Tetra Tech Institutional Holders

Institutional Holdings refers to the ownership stake in Tetra Tech that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tetra Tech'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 Tetra Tech's value.

		Shares
Allspring Global Investments Holdings, Llc	2024-06-30	677.1 K
Bank Of America Corp	2024-06-30	659.7 K
Amvescap Plc.	2024-06-30	639.2 K
Norges Bank	2024-06-30	612.4 K
Ci Private Wealth Llc	2024-06-30	520.5 K
Bank Of New York Mellon Corp	2024-06-30	488.7 K
First Trust Advisors L.p.	2024-06-30	415 K
Allianz Asset Management Ag	2024-06-30	351.1 K
Mirae Asset Global Etfs Holdings Ltd.	2024-06-30	339.1 K
Vanguard Group Inc	2024-09-30	25.8 M
Blackrock Inc	2024-06-30	5.3 M

Tetra Tech returns are very sensitive to returns on the market. As the market goes up or down, Tetra Tech is expected to follow.

Tetra Fundamentals

	Return On Equity	0.19
	Return On Asset	0.0765
	Profit Margin	0.07 %
	Operating Margin	0.13 %
	Current Valuation	11.9 B
	Shares Outstanding	267.74 M
	Shares Owned By Insiders	0.38 %
	Shares Owned By Institutions	96.01 %
	Number Of Shares Shorted	5.09 M
	Price To Earning	33.44 X
	Price To Book	6.07 X
	Price To Sales	2.62 X
	Revenue	5.2 B
	Gross Profit	575.56 M
	EBITDA	584.09 M
	Net Income	333.44 M
	Cash And Equivalents	185.09 M
	Cash Per Share	3.49 X
	Total Debt	1.02 B
	Debt To Equity	0.39 %
	Current Ratio	1.26 X
	Book Value Per Share	6.88 X
	Cash Flow From Operations	358.71 M
	Short Ratio	2.75 X
	Earnings Per Share	1.23 X
	Price To Earnings To Growth	2.23 X
	Target Price	50.33
	Number Of Employees	27 K
	Beta	0.94
	Market Capitalization	11.11 B
	Total Asset	4.19 B
	Retained Earnings	1.87 B
	Working Capital	158.03 M
	Current Asset	935.43 M
	Current Liabilities	481.09 M
	Annual Yield	0.01 %
	Five Year Return	0.66 %
	Net Asset	4.19 B

About Tetra Tech Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tetra Tech's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tetra Tech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tetra Tech 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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When determining whether Tetra Tech is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Tetra Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tetra Tech Stock. Highlighted below are key reports to facilitate an investment decision about Tetra Tech Stock:

How To Invest In Tetra

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Is Tetra Stock a good investment?

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What is Tetra Tech's Net Worth?

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Largest Environmental & Facilities Services Companies

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Largest Commercial & Professional Services Companies

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Check out Tetra Tech Piotroski F Score and Tetra Tech Altman Z Score analysis.

For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Is Environmental & Facilities Services space 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 Tetra Tech. If investors know Tetra 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 Tetra Tech 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

0.749

Earnings Share

1.23

Revenue Per Share

15.861

Quarterly Revenue Growth

0.082

Return On Assets

0.0765

The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech'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 Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech'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 Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Tetra Tech Stock Beta

Tetra Tech Company Beta Analysis

Beta

Covariance

Variance

Current Tetra Tech Beta

Tetra Beta Driver Correlations

Tetra Beta Peer Comparison

Tetra Tech ESG Sustainability

Tetra Tech Institutional Holders

Tetra Fundamentals

About Tetra Tech Fundamental Analysis

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