ASGN Price To Book vs. Gross Profit

ASGN Stock  USD 88.26  0.11  0.12%   
Considering ASGN's profitability and operating efficiency indicators, ASGN's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess ASGN's ability to earn profits and add value for shareholders. At this time, ASGN's Price To Sales Ratio is very stable compared to the past year. As of the 13th of December 2024, EV To Sales is likely to grow to 1.47, while Days Sales Outstanding is likely to drop 44.80. At this time, ASGN's Net Income Per Share is very stable compared to the past year. As of the 13th of December 2024, Income Quality is likely to grow to 2.19, while Accumulated Other Comprehensive Income is likely to drop (2.6 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.340.2876
Fairly Up
Slightly volatile
Net Profit Margin0.05170.0493
Sufficiently Up
Slightly volatile
Operating Profit Margin0.06290.0818
Way Down
Slightly volatile
Pretax Profit Margin0.05810.0669
Fairly Down
Pretty Stable
Return On Assets0.06770.0619
Significantly Up
Slightly volatile
Return On Equity0.10.1159
Fairly Down
Slightly volatile
For ASGN profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ASGN to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ASGN Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ASGN's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ASGN Inc over time as well as its relative position and ranking within its peers.
  

ASGN's Revenue Breakdown by Earning Segment

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Is Human Resource & Employment 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 ASGN. If investors know ASGN 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 ASGN 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
(0.14)
Earnings Share
3.96
Revenue Per Share
91.558
Quarterly Revenue Growth
(0.08)
Return On Assets
0.0559
The market value of ASGN Inc is measured differently than its book value, which is the value of ASGN that is recorded on the company's balance sheet. Investors also form their own opinion of ASGN's value that differs from its market value or its book value, called intrinsic value, which is ASGN'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 ASGN's market value can be influenced by many factors that don't directly affect ASGN'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 ASGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASGN'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.

ASGN Inc Gross Profit vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining ASGN's current stock value. Our valuation model uses many indicators to compare ASGN value to that of its competitors to determine the firm's financial worth.
ASGN Inc is rated second in price to book category among its peers. It also is rated second in gross profit category among its peers fabricating about  613,785,068  of Gross Profit per Price To Book. At this time, ASGN's Gross Profit is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ASGN's earnings, one of the primary drivers of an investment's value.

ASGN's Earnings Breakdown by Geography

ASGN Gross Profit vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

ASGN

P/B

 = 

MV Per Share

BV Per Share

 = 
2.23 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

ASGN

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
1.37 B
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

ASGN Gross Profit Comparison

ASGN is currently under evaluation in gross profit category among its peers.

ASGN Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in ASGN, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ASGN will eventually generate negative long term returns. The profitability progress is the general direction of ASGN's change in net profit over the period of time. It can combine multiple indicators of ASGN, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-2.4 M-2.6 M
Operating Income364.1 M382.3 M
Income Before Tax297.7 M312.6 M
Net Income219.3 M230.3 M
Income Tax Expense78.4 M82.3 M
Total Other Income Expense Net-66.4 M-63.1 M
Net Income Applicable To Common Shares308.3 M323.7 M
Net Income From Continuing Ops224.6 M150.9 M
Non Operating Income Net Other-17 M-16.2 M
Interest Income82.6 M47.1 M
Net Interest Income-64.1 M-67.3 M
Change To Netincome102.3 M107.5 M
Net Income Per Share 4.54  4.77 
Income Quality 2.08  2.19 
Net Income Per E B T 0.74  0.58 

ASGN Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on ASGN. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ASGN position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ASGN's important profitability drivers and their relationship over time.

Use ASGN in pair-trading

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 ASGN 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 ASGN will appreciate offsetting losses from the drop in the long position's value.

ASGN Pair Trading

ASGN Inc Pair Trading Analysis

The ability to find closely correlated positions to ASGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASGN 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 ASGN - 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 ASGN Inc to buy it.
The correlation of ASGN 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 ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc 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 ASGN 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your ASGN position

In addition to having ASGN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Air
Air Theme
Companies specializing in air services and air delivery. The Air theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Air Theme or any other thematic opportunities.
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When determining whether ASGN Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASGN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asgn Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asgn Inc Stock:
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You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
To fully project ASGN's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ASGN Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ASGN's income statement, its balance sheet, and the statement of cash flows.
Potential ASGN investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although ASGN investors may work on each financial statement separately, they are all related. The changes in ASGN's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ASGN's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.