Graniteshares Platinum Trust Etf Price To Earning
| PLTM Etf | USD 9.21 0.22 2.45% |
GraniteShares Platinum Trust fundamentals help investors to digest information that contributes to GraniteShares Platinum's financial success or failures. It also enables traders to predict the movement of GraniteShares Etf. The fundamental analysis module provides a way to measure GraniteShares Platinum'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 GraniteShares Platinum etf.
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GraniteShares Platinum Trust ETF Price To Earning Analysis
GraniteShares Platinum'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 GraniteShares Platinum Price To Earning | 14.95 X |
Most of GraniteShares Platinum'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, GraniteShares Platinum Trust 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.
| Competition |
Based on the latest financial disclosure, GraniteShares Platinum Trust has a Price To Earning of 14.95 times. This is much higher than that of the Graniteshares family and significantly higher than that of the Commodities Focused category. The price to earning for all United States etfs is notably lower than that of the firm.
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GraniteShares Fundamentals
| Price To Earning | 14.95 X | |||
| Price To Book | 0.55 X | |||
| Price To Sales | 0.84 X | |||
| Number Of Employees | 618 | |||
| Beta | 0.34 | |||
| Total Asset | 39.67 M | |||
| One Year Return | 1.80 % | |||
| Three Year Return | 0.10 % | |||
| Five Year Return | 0.60 % | |||
| Net Asset | 39.67 M |
About GraniteShares Platinum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares Platinum Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares Platinum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares Platinum Trust 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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The market value of GraniteShares Platinum is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares Platinum's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares Platinum'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 GraniteShares Platinum's market value can be influenced by many factors that don't directly affect GraniteShares Platinum'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 GraniteShares Platinum's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares Platinum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares Platinum'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.