SpartanNash Price Earnings Ratio from 2010 to 2024
| SPTN Stock | USD 18.58 0.41 2.26% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 27.82 | Current Value 29.21 | Quarterly Volatility 7.41051801 |
Check SpartanNash financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SpartanNash's main balance sheet or income statement drivers, such as Depreciation And Amortization of 159.5 K, Interest Expense of 19 M or Selling General Administrative of 718.3 M, as well as many indicators such as Price To Sales Ratio of 0.08, Dividend Yield of 0.0158 or PTB Ratio of 1.0. SpartanNash financial statements analysis is a perfect complement when working with SpartanNash Valuation or Volatility modules.
SpartanNash | Price Earnings Ratio |
Latest SpartanNash's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of SpartanNash Co over the last few years. It is SpartanNash's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in SpartanNash's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
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Price Earnings Ratio |
| Timeline |
SpartanNash Price Earnings Ratio Regression Statistics
| Arithmetic Mean | 16.73 | |
| Geometric Mean | 15.52 | |
| Coefficient Of Variation | 44.30 | |
| Mean Deviation | 6.28 | |
| Median | 12.45 | |
| Standard Deviation | 7.41 | |
| Sample Variance | 54.92 | |
| Range | 18.4586 | |
| R-Value | 0.62 | |
| Mean Square Error | 36.32 | |
| R-Squared | 0.39 | |
| Significance | 0.01 | |
| Slope | 1.03 | |
| Total Sum of Squares | 768.82 |
SpartanNash Price Earnings Ratio History
About SpartanNash Financial Statements
SpartanNash investors utilize fundamental indicators, such as Price Earnings Ratio, to predict how SpartanNash Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 27.82 | 29.21 |
Pair Trading with SpartanNash
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 SpartanNash 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 SpartanNash will appreciate offsetting losses from the drop in the long position's value.Moving against SpartanNash Stock
| 0.74 | SFM | Sprouts Farmers Market | PairCorr |
| 0.71 | NGVC | Natural Grocers by Trending | PairCorr |
| 0.66 | MO | Altria Group | PairCorr |
| 0.55 | WMK | Weis Markets | PairCorr |
| 0.54 | LW | Lamb Weston Holdings | PairCorr |
The ability to find closely correlated positions to SpartanNash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SpartanNash 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 SpartanNash - 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 SpartanNash Co to buy it.
The correlation of SpartanNash 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 SpartanNash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SpartanNash 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 SpartanNash 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.Check out the analysis of SpartanNash Correlation against competitors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Consumer Staples Distribution & Retail 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 SpartanNash. If investors know SpartanNash 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 SpartanNash listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.868 | Earnings Share 1.33 | Revenue Per Share 281.208 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0362 |
The market value of SpartanNash is measured differently than its book value, which is the value of SpartanNash that is recorded on the company's balance sheet. Investors also form their own opinion of SpartanNash's value that differs from its market value or its book value, called intrinsic value, which is SpartanNash'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 SpartanNash's market value can be influenced by many factors that don't directly affect SpartanNash'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 SpartanNash's value and its price as these two are different measures arrived at by different means. Investors typically determine if SpartanNash is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SpartanNash'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.