Shoals Price Book Value Ratio from 2010 to 2024

SHLS Stock  USD 4.83  0.43  9.77%   
Shoals Technologies Price Book Value Ratio yearly trend continues to be comparatively stable with very little volatility. Price Book Value Ratio will likely drop to 4.45 in 2024. From the period from 2010 to 2024, Shoals Technologies Price Book Value Ratio quarterly data regression had mean square error of  75,121 and mean deviation of  129.63. View All Fundamentals
 
Price Book Value Ratio  
First Reported
2010-12-31
Previous Quarter
4.68099601
Current Value
4.45
Quarterly Volatility
269.60296535
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Shoals Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shoals Technologies' main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.8 M, Interest Expense of 25.3 M or Selling General Administrative of 84.8 M, as well as many indicators such as Price To Sales Ratio of 4.96, Dividend Yield of 0.0716 or PTB Ratio of 4.45. Shoals financial statements analysis is a perfect complement when working with Shoals Technologies Valuation or Volatility modules.
  
Check out the analysis of Shoals Technologies Correlation against competitors.

Latest Shoals Technologies' Price Book Value Ratio Growth Pattern

Below is the plot of the Price Book Value Ratio of Shoals Technologies Group over the last few years. It is Shoals Technologies' Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Shoals Technologies' overall financial position and show how it may be relating to other accounts over time.
Price Book Value Ratio10 Years Trend
Pretty Stable
   Price Book Value Ratio   
       Timeline  

Shoals Price Book Value Ratio Regression Statistics

Arithmetic Mean94.31
Coefficient Of Variation285.86
Mean Deviation129.63
Median35.91
Standard Deviation269.60
Sample Variance72,686
Range1.1K
R-Value0.20
Mean Square Error75,121
R-Squared0.04
Significance0.47
Slope12.11
Total Sum of Squares1M

Shoals Price Book Value Ratio History

2024 4.45
2023 4.68
2022 9.69
2021 1066.52
2020 -26.97
2019 33.12

About Shoals Technologies Financial Statements

Shoals Technologies shareholders use historical fundamental indicators, such as Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Shoals Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Shoals Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Shoals Technologies' 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 Book Value Ratio 4.68  4.45 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Shoals Stock Analysis

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