Reliance Price To Sales Ratio vs Net Income Per Share Analysis
| RELI Stock | USD 1.24 0.07 5.34% |
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Price To Sales Ratio and its Net Income Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Price To Sales Ratio vs Net Income Per Share
Price To Sales Ratio vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Global Group Price To Sales Ratio account and Net Income Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Reliance Global's Price To Sales Ratio and Net Income Per Share is -0.27. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Price To Sales Ratio and Net Income 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 Price To Sales Ratio of Reliance Global Group are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Price To Sales Ratio i.e., Reliance Global's Price To Sales Ratio and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Reliance Global Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Reliance Global sales, a figure that is much harder to manipulate than other Reliance Global Group 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.Net Income Per Share
Most indicators from Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global Group 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 Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current Selling General Administrative is estimated to decrease to about 2.8 M. The current Issuance Of Capital Stock is estimated to decrease to about 3.3 M
Reliance Global fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Global fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 4.7M | 6.9M | 45.0M | 7.8M | 3.2M | 3.0M | |
| Retained Earnings | (8.8M) | (12.5M) | (33.5M) | (27.0M) | (39.0M) | (37.1M) | |
| Accounts Payable | 102.1K | 980.9K | 547.1K | 1.2M | 635.3K | 352.8K | |
| Net Receivables | 123.1K | 862.6K | 1.0M | 1.1M | 1.3M | 1.4M | |
| Other Current Assets | 32.3K | 528.2K | 2.8M | 249.3K | 1.7M | 1.8M | |
| Total Current Assets | 647.0K | 810.1K | 8.0M | 3.3M | 4.4M | 4.6M | |
| Common Stock | 352.7K | 363.5K | 940.8K | 104.9K | 409.5K | 257.5K | |
| Other Current Liab | 59.5K | 225.1K | 43.2M | 4.9M | 367.4K | 349.1K | |
| Net Tangible Assets | (2.7M) | (14.6M) | (14.9M) | (43.2M) | (38.9M) | (36.9M) | |
| Other Assets | 2.0K | 1.8M | 16.8K | 1.0 | 1.15 | 1.09 | |
| Property Plant Equipment | 57.2K | 1.2M | 809.5K | 1.2M | 1.1M | 738.2K |
Currently Active Assets on Macroaxis
When determining whether Reliance Global Group is a strong investment it is important to analyze Reliance Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Global's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Property & Casualty Insurance 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 Reliance Global. If investors know Reliance 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 Reliance Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (78.45) | Revenue Per Share 23.34 | Quarterly Revenue Growth 0.051 | Return On Assets (0.11) | Return On Equity (1.99) |
The market value of Reliance Global Group is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Global's value that differs from its market value or its book value, called intrinsic value, which is Reliance Global'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 Reliance Global's market value can be influenced by many factors that don't directly affect Reliance Global'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 Reliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Global'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.