Formidable Fortress Financial Statements From 2010 to 2025
| KONG Etf | USD 29.70 0.15 0.50% |
Check Formidable Fortress financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Formidable Fortress' main balance sheet or income statement drivers, such as , as well as many indicators such as . Formidable financial statements analysis is a perfect complement when working with Formidable Fortress Valuation or Volatility modules.
Formidable |
Formidable Fortress ETF ETF Price To Book Analysis
Formidable Fortress' 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.
Current Formidable Fortress Price To Book | 1.18 X |
Most of Formidable Fortress' fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Formidable Fortress ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Formidable Fortress ETF has a Price To Book of 1.18 times. This is much higher than that of the Formidable Funds family and significantly higher than that of the Mid-Cap Blend category. The price to book for all United States etfs is notably lower than that of the firm.
Formidable Fortress ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Formidable Fortress's current stock value. Our valuation model uses many indicators to compare Formidable Fortress value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Formidable Fortress competition to find correlations between indicators driving Formidable Fortress's intrinsic value. More Info.Formidable Fortress ETF is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Formidable Fortress ETF is roughly 16.59 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Formidable Fortress by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Formidable Fortress Financial Statements
Formidable Fortress stakeholders use historical fundamental indicators, such as Formidable Fortress' revenue or net income, to determine how well the company is positioned to perform in the future. Although Formidable Fortress investors may analyze each financial statement separately, they are all interrelated. For example, changes in Formidable Fortress' assets and liabilities are reflected in the revenues and expenses on Formidable Fortress' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Formidable Fortress ETF. Please read more on our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts , and other equity investments or ownership interests in business enterprises. Opportunities Formidable is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
| EBR | Centrais Electricas Brasileiras | |
| HE | Hawaiian Electric Industries | |
| VFC | VF Corporation | |
| BVHMF | Vistry Group PLC | |
| S | SentinelOne |
Check out the analysis of Formidable Fortress Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Formidable Fortress ETF is measured differently than its book value, which is the value of Formidable that is recorded on the company's balance sheet. Investors also form their own opinion of Formidable Fortress' value that differs from its market value or its book value, called intrinsic value, which is Formidable Fortress' 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 Formidable Fortress' market value can be influenced by many factors that don't directly affect Formidable Fortress' 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 Formidable Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable Fortress' 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.