Trio Pb Ratio from 2010 to 2024

TPET Stock   1.18  0.16  11.94%   
Trio Petroleum PB Ratio yearly trend continues to be comparatively stable with very little volatility. PB Ratio will likely drop to 27.85 in 2024. From the period from 2010 to 2024, Trio Petroleum PB Ratio quarterly data regression had r-value of (0.56) and coefficient of variation of  47.60. View All Fundamentals
 
PB Ratio  
First Reported
2010-12-31
Previous Quarter
29.31
Current Value
27.85
Quarterly Volatility
105.20390149
 
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Check Trio Petroleum financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trio Petroleum's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.2 K, Interest Expense of 903 K or Other Operating Expenses of 2.8 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 27.85. Trio financial statements analysis is a perfect complement when working with Trio Petroleum Valuation or Volatility modules.
  
Check out the analysis of Trio Petroleum Correlation against competitors.

Latest Trio Petroleum's Pb Ratio Growth Pattern

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

Trio Pb Ratio Regression Statistics

Arithmetic Mean221.01
Geometric Mean169.76
Coefficient Of Variation47.60
Mean Deviation77.38
Median258.86
Standard Deviation105.20
Sample Variance11,068
Range360
R-Value(0.56)
Mean Square Error8,246
R-Squared0.31
Significance0.03
Slope(13.06)
Total Sum of Squares154,950

Trio Pb Ratio History

2024 27.85
2023 29.31
2022 25.49
2021 385.04

About Trio Petroleum Financial Statements

Trio Petroleum shareholders use historical fundamental indicators, such as Pb Ratio, to determine how well the company is positioned to perform in the future. Although Trio Petroleum investors may analyze each financial statement separately, they are all interrelated. The changes in Trio Petroleum's assets and liabilities, for example, are also reflected in the revenues and expenses on on Trio Petroleum'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
PB Ratio 29.31  27.85 

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Additional Tools for Trio Stock Analysis

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