Steelcase Price To Sales Ratio vs Book Value Per Share Analysis

SCS Stock  USD 13.01  0.07  0.54%   
Steelcase financial indicator trend analysis is much more than just breaking down Steelcase prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steelcase is a good investment. Please check the relationship between Steelcase Price To Sales Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.

Price To Sales Ratio vs Book Value Per Share

Price To Sales 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 Steelcase Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Steelcase's Price To Sales Ratio and Book Value Per Share is -0.05. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Steelcase, assuming nothing else is changed. The correlation between historical values of Steelcase's Price To Sales 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 Price To Sales Ratio of Steelcase 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 Price To Sales Ratio i.e., Steelcase's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Steelcase stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Steelcase sales, a figure that is much harder to manipulate than other Steelcase 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.

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 Steelcase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steelcase 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.At this time, Steelcase's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 570 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit761.5M919.4M1.0B759.3M
Total Revenue2.8B3.2B3.2B3.3B

Steelcase fundamental ratios Correlations

-0.660.380.450.840.60.56-0.030.620.97-0.290.330.15-0.410.770.670.7-0.040.670.330.720.780.85-0.570.93-0.47
-0.660.09-0.4-0.78-0.54-0.420.26-0.33-0.71-0.04-0.16-0.050.25-0.57-0.5-0.56-0.1-0.44-0.47-0.5-0.47-0.510.39-0.810.33
0.380.09-0.52-0.10.69-0.390.80.080.32-0.870.0-0.22-0.720.630.710.13-0.760.730.090.260.250.610.180.17-0.74
0.45-0.4-0.520.79-0.240.98-0.760.290.50.620.030.640.43-0.16-0.050.420.84-0.280.20.260.480.16-0.840.550.33
0.84-0.78-0.10.790.310.84-0.460.50.860.140.190.39-0.060.420.430.720.410.290.350.620.710.58-0.790.92-0.19
0.6-0.540.69-0.240.31-0.140.480.010.64-0.6-0.14-0.03-0.710.820.920.41-0.520.840.360.420.540.820.010.61-0.79
0.56-0.42-0.390.980.84-0.14-0.680.310.590.510.030.640.37-0.080.060.480.77-0.20.160.270.490.23-0.880.610.23
-0.030.260.8-0.76-0.460.48-0.68-0.1-0.07-0.82-0.05-0.33-0.70.430.49-0.37-0.850.570.170.1-0.020.260.44-0.19-0.64
0.62-0.330.080.290.50.010.31-0.10.5-0.270.92-0.41-0.350.550.010.47-0.160.460.180.760.370.35-0.270.5-0.19
0.97-0.710.320.50.860.640.59-0.070.5-0.20.180.25-0.410.720.710.70.030.640.40.670.840.88-0.630.96-0.49
-0.29-0.04-0.870.620.14-0.60.51-0.82-0.27-0.2-0.280.50.85-0.69-0.57-0.150.9-0.79-0.05-0.43-0.16-0.44-0.31-0.110.83
0.33-0.160.00.030.19-0.140.03-0.050.920.18-0.28-0.65-0.290.43-0.240.28-0.290.350.030.590.060.080.090.21-0.07
0.15-0.05-0.220.640.39-0.030.64-0.33-0.410.250.5-0.650.47-0.340.2-0.020.73-0.350.19-0.120.380.14-0.610.260.29
-0.410.25-0.720.43-0.06-0.710.37-0.7-0.35-0.410.85-0.290.47-0.81-0.65-0.280.81-0.91-0.42-0.61-0.42-0.63-0.16-0.350.92
0.77-0.570.63-0.160.420.82-0.080.430.550.72-0.690.43-0.34-0.810.720.5-0.620.970.350.750.590.83-0.020.7-0.75
0.67-0.50.71-0.050.430.920.060.490.010.71-0.57-0.240.2-0.650.720.36-0.370.760.420.440.630.84-0.250.65-0.8
0.7-0.560.130.420.720.410.48-0.370.470.7-0.150.28-0.02-0.280.50.360.060.42-0.010.520.550.55-0.450.74-0.41
-0.04-0.1-0.760.840.41-0.520.77-0.85-0.160.030.9-0.290.730.81-0.62-0.370.06-0.71-0.01-0.210.08-0.27-0.590.110.7
0.67-0.440.73-0.280.290.84-0.20.570.460.64-0.790.35-0.35-0.910.970.760.42-0.710.410.730.590.830.050.61-0.84
0.33-0.470.090.20.350.360.160.170.180.4-0.050.030.19-0.420.350.42-0.01-0.010.410.560.510.49-0.20.48-0.28
0.72-0.50.260.260.620.420.270.10.760.67-0.430.59-0.12-0.610.750.440.52-0.210.730.560.740.68-0.290.75-0.5
0.78-0.470.250.480.710.540.49-0.020.370.84-0.160.060.38-0.420.590.630.550.080.590.510.740.87-0.570.84-0.43
0.85-0.510.610.160.580.820.230.260.350.88-0.440.080.14-0.630.830.840.55-0.270.830.490.680.87-0.330.83-0.65
-0.570.390.18-0.84-0.790.01-0.880.44-0.27-0.63-0.310.09-0.61-0.16-0.02-0.25-0.45-0.590.05-0.2-0.29-0.57-0.33-0.59-0.01
0.93-0.810.170.550.920.610.61-0.190.50.96-0.110.210.26-0.350.70.650.740.110.610.480.750.840.83-0.59-0.41
-0.470.33-0.740.33-0.19-0.790.23-0.64-0.19-0.490.83-0.070.290.92-0.75-0.8-0.410.7-0.84-0.28-0.5-0.43-0.65-0.01-0.41
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Steelcase Account Relationship Matchups

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Additional Tools for Steelcase Stock Analysis

When running Steelcase's price analysis, check to measure Steelcase'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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.