Hitek Price Earnings Ratio from 2010 to 2024

HKIT Stock   1.39  0.03  2.21%   
Hitek Global Price Earnings Ratio yearly trend continues to be comparatively stable with very little volatility. Price Earnings Ratio will likely drop to 12.62 in 2024. From the period from 2010 to 2024, Hitek Global Price Earnings Ratio quarterly data regression had r-value of (0.88) and coefficient of variation of  79.43. View All Fundamentals
 
Price Earnings Ratio  
First Reported
2010-12-31
Previous Quarter
13.28732118
Current Value
12.62
Quarterly Volatility
99.77007813
 
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Yuan Drop
 
Covid
Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 627.9 K or Depreciation And Amortization of 51.1 K, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0 or PTB Ratio of 0.47. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.
  
Check out the analysis of Hitek Global Correlation against competitors.

Latest Hitek Global's Price Earnings Ratio Growth Pattern

Below is the plot of the Price Earnings Ratio of Hitek Global Ordinary over the last few years. It is Hitek Global's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.
Price Earnings Ratio10 Years Trend
Slightly volatile
   Price Earnings Ratio   
       Timeline  

Hitek Price Earnings Ratio Regression Statistics

Arithmetic Mean125.61
Geometric Mean80.03
Coefficient Of Variation79.43
Mean Deviation95.62
Median51.32
Standard Deviation99.77
Sample Variance9,954
Range215
R-Value(0.88)
Mean Square Error2,334
R-Squared0.78
Significance0.000012
Slope(19.73)
Total Sum of Squares139,357

Hitek Price Earnings Ratio History

2024 12.62
2023 13.29
2022 43.15
2021 49.92
2020 51.32
2019 42.93
2018 37.54

About Hitek Global Financial Statements

Hitek Global shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may analyze each financial statement separately, they are all interrelated. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hitek Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Price Earnings Ratio 13.29  12.62 

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Additional Tools for Hitek Stock Analysis

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