Forte Biosciences Stock Price To Book
| FBRX Stock | USD 15.52 0.12 0.77% |
Forte Biosciences fundamentals help investors to digest information that contributes to Forte Biosciences' financial success or failures. It also enables traders to predict the movement of Forte Stock. The fundamental analysis module provides a way to measure Forte Biosciences' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Forte Biosciences stock.
Price To Book Ratio is likely to drop to 0.70 in 2024. Forte | Price To Book |
Forte Biosciences Company Price To Book Analysis
Forte Biosciences' 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 Forte Biosciences Price To Book | 2.44 X |
Most of Forte Biosciences' 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, Forte Biosciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Forte Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Forte Biosciences is extremely important. It helps to project a fair market value of Forte Stock properly, considering its historical fundamentals such as Price To Book. Since Forte Biosciences' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Forte Biosciences' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Forte Biosciences' interrelated accounts and indicators.
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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.
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Forte Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Forte Biosciences has a Price To Book of 2.4412 times. This is 90.49% lower than that of the Biotechnology sector and 59.58% lower than that of the Health Care industry. The price to book for all United States stocks is 74.33% higher than that of the company.
Forte Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forte Biosciences' direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forte Biosciences could also be used in its relative valuation, which is a method of valuing Forte Biosciences by comparing valuation metrics of similar companies.Forte Biosciences is currently under evaluation in price to book category among its peers.
Forte Biosciences ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Forte Biosciences' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Forte Biosciences' managers, analysts, and investors.Environmental | Governance | Social |
Forte Fundamentals
| Return On Equity | -1.71 | ||||
| Return On Asset | -0.81 | ||||
| Current Valuation | 6.5 M | ||||
| Shares Outstanding | 1.46 M | ||||
| Shares Owned By Insiders | 10.94 % | ||||
| Shares Owned By Institutions | 54.05 % | ||||
| Number Of Shares Shorted | 982 | ||||
| Price To Book | 2.44 X | ||||
| EBITDA | (32.48 M) | ||||
| Net Income | (31.48 M) | ||||
| Cash And Equivalents | 38.55 M | ||||
| Cash Per Share | 1.89 X | ||||
| Total Debt | 3.67 M | ||||
| Current Ratio | 25.67 X | ||||
| Book Value Per Share | 24.30 X | ||||
| Cash Flow From Operations | (28.71 M) | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | (16.38) X | ||||
| Target Price | 107.0 | ||||
| Number Of Employees | 11 | ||||
| Beta | 1.46 | ||||
| Market Capitalization | 22.86 M | ||||
| Total Asset | 38.98 M | ||||
| Retained Earnings | (118.52 M) | ||||
| Working Capital | 34.66 M | ||||
| Net Asset | 38.98 M |
About Forte Biosciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Forte Biosciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forte Biosciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forte Biosciences based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Forte Biosciences' price analysis, check to measure Forte Biosciences' 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 Forte Biosciences is operating at the current time. Most of Forte Biosciences' value examination focuses on studying past and present price action to predict the probability of Forte Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forte Biosciences' price. Additionally, you may evaluate how the addition of Forte Biosciences to your portfolios can decrease your overall portfolio volatility.