Grocery Historical Financial Ratios
| GO Stock | USD 21.25 0.09 0.43% |
Grocery Outlet is recently reporting on over 114 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 4.22 will help investors to properly organize and evaluate Grocery Outlet Holding financial condition quickly.
Grocery |
About Grocery Financial Ratios Analysis
Grocery Outlet HoldingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Grocery Outlet investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Grocery financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Grocery Outlet history.
Grocery Outlet Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Grocery Outlet Holding stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Grocery Outlet sales, a figure that is much harder to manipulate than other Grocery Outlet Holding 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.Dividend Yield
Dividend Yield is Grocery Outlet Holding dividend as a percentage of Grocery Outlet stock price. Grocery Outlet Holding dividend yield is a measure of Grocery Outlet stock productivity, which can be interpreted as interest rate earned on an Grocery Outlet investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.Most ratios from Grocery Outlet's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Grocery Outlet Holding current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Grocery Outlet's PFCF Ratio is very stable compared to the past year. As of the 29th of November 2024, Days Payables Outstanding is likely to grow to 18.25, while Dividend Yield is likely to drop 0.000041.
| 2018 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0726 | 3.7E-5 | 4.3E-5 | 4.1E-5 | Price To Sales Ratio | 0.92 | 0.79 | 0.91 | 1.05 |
Grocery Outlet fundamentals Correlations
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Grocery Outlet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Grocery Outlet
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 Grocery Outlet 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 Grocery Outlet will appreciate offsetting losses from the drop in the long position's value.Moving against Grocery Stock
| 0.55 | FC | Franklin Covey | PairCorr |
| 0.51 | UG | United Guardian | PairCorr |
| 0.45 | DTCK | Davis Commodities | PairCorr |
| 0.43 | TGT | Target | PairCorr |
| 0.42 | DOLE | Dole PLC | PairCorr |
The ability to find closely correlated positions to Grocery Outlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grocery Outlet 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 Grocery Outlet - 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 Grocery Outlet Holding to buy it.
The correlation of Grocery Outlet 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 Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding 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 Grocery Outlet 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Consumer Staples Distribution & Retail 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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet 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 (0.11) | Earnings Share 0.51 | Revenue Per Share 42.988 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0194 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.