Atmus Book Value Per Share vs Price To Sales Ratio Analysis
ATMU Stock | 39.94 0.77 1.89% |
Atmus Filtration financial indicator trend analysis is way more than just evaluating Atmus Filtration Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atmus Filtration Tec is a good investment. Please check the relationship between Atmus Filtration Book Value Per Share and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Book Value Per Share vs Price To Sales Ratio
Book Value Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atmus Filtration Tec Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Atmus Filtration's Book Value Per Share and Price To Sales Ratio is 0.4. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Atmus Filtration Technologies, assuming nothing else is changed. The correlation between historical values of Atmus Filtration's Book Value Per Share and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Atmus Filtration Technologies are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Book Value Per Share i.e., Atmus Filtration's Book Value Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Atmus Filtration Tec stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Atmus Filtration sales, a figure that is much harder to manipulate than other Atmus Filtration Technologies 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.Most indicators from Atmus Filtration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atmus Filtration Tec 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Tax Provision is likely to drop to about 38.5 M in 2024. Selling General Administrative is likely to drop to about 156.1 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 1.4B | 1.6B | 1.6B | 1.6B | Depreciation And Amortization | 21M | 21.6M | 21.5M | 23.3M |
Atmus Filtration fundamental ratios Correlations
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Atmus Filtration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Atmus Stock Analysis
When running Atmus Filtration's price analysis, check to measure Atmus Filtration'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 Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.