Smartrent Stock Price To Book

SMRT Stock  USD 1.57  0.09  6.08%   
SmartRent fundamentals help investors to digest information that contributes to SmartRent's financial success or failures. It also enables traders to predict the movement of SmartRent Stock. The fundamental analysis module provides a way to measure SmartRent'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 SmartRent stock.
Price To Book Ratio is likely to gain to 3.64 in 2024.
  
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SmartRent Company Price To Book Analysis

SmartRent's 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.

P/B

 = 

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current SmartRent Price To Book

    
  0.99 X  
Most of SmartRent's 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, SmartRent is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

SmartRent Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for SmartRent is extremely important. It helps to project a fair market value of SmartRent Stock properly, considering its historical fundamentals such as Price To Book. Since SmartRent's 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 SmartRent's 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 SmartRent's interrelated accounts and indicators.
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SmartRent Price To Book Historical Pattern

Today, most investors in SmartRent Stock are looking for potential investment opportunities by analyzing not only static indicators but also various SmartRent's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of SmartRent price to book as a starting point in their analysis.
   SmartRent Price To Book   
       Timeline  
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.
Competition

SmartRent Book Value Per Share

Book Value Per Share

2.42

At this time, SmartRent's Book Value Per Share is comparatively stable compared to the past year.
Based on the latest financial disclosure, SmartRent has a Price To Book of 0.9908 times. This is 91.21% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The price to book for all United States stocks is 89.58% higher than that of the company.

SmartRent Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SmartRent's 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 SmartRent could also be used in its relative valuation, which is a method of valuing SmartRent by comparing valuation metrics of similar companies.
SmartRent is currently under evaluation in price to book category among its peers.

SmartRent Fundamentals

About SmartRent Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SmartRent's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartRent using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartRent 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for SmartRent Stock Analysis

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