Ihit Etf Price To Earning
| IHIT Etf | USD 7.45 0.09 1.19% |
IHIT fundamentals help investors to digest information that contributes to IHIT's financial success or failures. It also enables traders to predict the movement of IHIT Etf. The fundamental analysis module provides a way to measure IHIT's 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 IHIT etf.
IHIT |
IHIT ETF Price To Earning Analysis
IHIT's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current IHIT Price To Earning | 15.69 X |
Most of IHIT's fundamental indicators, such as Price To Earning, 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, IHIT is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, IHIT has a Price To Earning of 15.69 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to earning for all United States etfs is notably lower than that of the firm.
IHIT Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IHIT's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IHIT could also be used in its relative valuation, which is a method of valuing IHIT by comparing valuation metrics of similar companies.IHIT is currently under evaluation in price to earning as compared to similar ETFs.
IHIT Fundamentals
| Return On Equity | 5.76 | |||
| Return On Asset | 3.42 | |||
| Profit Margin | 67.20 % | |||
| Operating Margin | 87.30 % | |||
| Current Valuation | 277.89 M | |||
| Shares Outstanding | 24.1 M | |||
| Shares Owned By Institutions | 22.55 % | |||
| Number Of Shares Shorted | 19.24 K | |||
| Price To Earning | 15.69 X | |||
| Price To Book | 1.02 X | |||
| Price To Sales | 10.81 X | |||
| Revenue | 18.85 M | |||
| Gross Profit | 18.85 M | |||
| Net Income | 12.66 M | |||
| Cash And Equivalents | 1.02 M | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 80 M | |||
| Debt To Equity | 0.36 % | |||
| Current Ratio | 6.30 X | |||
| Book Value Per Share | 8.25 X | |||
| Cash Flow From Operations | 8.29 M | |||
| Short Ratio | 0.28 X | |||
| Earnings Per Share | (1.73) X | |||
| Beta | 0.24 | |||
| Market Capitalization | 194.25 M | |||
| Z Score | 1.46 | |||
| Annual Yield | 0.01 % | |||
| One Year Return | (14.37) % | |||
| Three Year Return | (1.61) % | |||
| Five Year Return | (1.39) % | |||
| Last Dividend Paid | 0.42 |
About IHIT Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IHIT's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IHIT using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IHIT based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of IHIT is measured differently than its book value, which is the value of IHIT that is recorded on the company's balance sheet. Investors also form their own opinion of IHIT's value that differs from its market value or its book value, called intrinsic value, which is IHIT'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 IHIT's market value can be influenced by many factors that don't directly affect IHIT'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 IHIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if IHIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IHIT'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.