Tanzanian Price Earnings Ratio from 2010 to 2024

TRX Stock  USD 0.36  0.01  2.86%   
Tanzanian Royalty Price Earnings Ratio yearly trend continues to be fairly stable with very little volatility. Price Earnings Ratio is likely to outpace its year average in 2024. During the period from 2010 to 2024, Tanzanian Royalty Price Earnings Ratio regression line of annual values had r-squared of  0.50 and arithmetic mean of (24.93). View All Fundamentals
 
Price Earnings Ratio  
First Reported
2010-12-31
Previous Quarter
44.24
Current Value
46.45
Quarterly Volatility
54.33775543
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Tanzanian Royalty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tanzanian Royalty's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 M, Interest Expense of 2.1 M or Selling General Administrative of 9.1 M, as well as many indicators such as Price To Sales Ratio of 3.15, Dividend Yield of 0.0 or PTB Ratio of 2.24. Tanzanian financial statements analysis is a perfect complement when working with Tanzanian Royalty Valuation or Volatility modules.
  
Check out the analysis of Tanzanian Royalty Correlation against competitors.

Latest Tanzanian Royalty's Price Earnings Ratio Growth Pattern

Below is the plot of the Price Earnings Ratio of Tanzanian Royalty Exploration over the last few years. It is Tanzanian Royalty's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tanzanian Royalty'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  

Tanzanian Price Earnings Ratio Regression Statistics

Arithmetic Mean(24.93)
Geometric Mean28.57
Coefficient Of Variation(217.99)
Mean Deviation40.45
Median(12.92)
Standard Deviation54.34
Sample Variance2,953
Range185
R-Value0.71
Mean Square Error1,588
R-Squared0.50
Significance0
Slope8.60
Total Sum of Squares41,336

Tanzanian Price Earnings Ratio History

2024 46.45
2023 44.24
2022 49.15
2021 -55.36
2020 -30.97
2019 -12.92
2018 -6.47

About Tanzanian Royalty Financial Statements

Tanzanian Royalty investors use historical fundamental indicators, such as Tanzanian Royalty's Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Tanzanian Royalty. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price Earnings Ratio 44.24  46.45 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Tanzanian Stock Analysis

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