Taitron Components Incorporated Stock Price To Book
| TAIT Stock | USD 2.57 0.07 2.65% |
Taitron Components Incorporated fundamentals help investors to digest information that contributes to Taitron Components' financial success or failures. It also enables traders to predict the movement of Taitron Stock. The fundamental analysis module provides a way to measure Taitron Components' 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 Taitron Components stock.
Price To Book Ratio is likely to gain to 1.26 in 2024. Taitron | Price To Book |
Taitron Components Incorporated Company Price To Book Analysis
Taitron Components' 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 Taitron Components Price To Book | 0.90 X |
Most of Taitron Components' 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, Taitron Components Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Taitron Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Taitron Components is extremely important. It helps to project a fair market value of Taitron Stock properly, considering its historical fundamentals such as Price To Book. Since Taitron Components' 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 Taitron Components' 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 Taitron Components' interrelated accounts and indicators.
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Taitron Price To Book Historical Pattern
Today, most investors in Taitron Components Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Taitron Components' 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 Taitron Components price to book as a starting point in their analysis.
Taitron Components Price To Book |
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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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Taitron Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Taitron Components Incorporated has a Price To Book of 0.9 times. This is 92.01% lower than that of the Electronic Equipment, Instruments & Components sector and significantly higher than that of the Information Technology industry. The price to book for all United States stocks is 90.54% higher than that of the company.
Taitron Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Taitron Components' 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 Taitron Components could also be used in its relative valuation, which is a method of valuing Taitron Components by comparing valuation metrics of similar companies.Taitron Components is currently under evaluation in price to book category among its peers.
Taitron Components Current Valuation Drivers
We derive many important indicators used in calculating different scores of Taitron Components from analyzing Taitron Components' financial statements. These drivers represent accounts that assess Taitron Components' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Taitron Components' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 16.3M | 18.8M | 23.5M | 20.9M | 21.2M | 22.3M | |
| Enterprise Value | 10.9M | 12.4M | 17.6M | 15.6M | 15.0M | 14.1M |
Taitron Components 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, Taitron Components' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Taitron Components' managers, analysts, and investors.Environmental | Governance | Social |
Taitron Fundamentals
| Return On Equity | 0.0888 | ||||
| Return On Asset | 0.0131 | ||||
| Profit Margin | 0.32 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 5.82 M | ||||
| Shares Outstanding | 5.26 M | ||||
| Shares Owned By Insiders | 39.66 % | ||||
| Shares Owned By Institutions | 21.27 % | ||||
| Number Of Shares Shorted | 2.78 K | ||||
| Price To Earning | 16.14 X | ||||
| Price To Book | 0.90 X | ||||
| Price To Sales | 3.27 X | ||||
| Revenue | 6.11 M | ||||
| Gross Profit | 4.12 M | ||||
| EBITDA | 1.37 M | ||||
| Net Income | 1.84 M | ||||
| Cash And Equivalents | 5.92 M | ||||
| Cash Per Share | 0.99 X | ||||
| Total Debt | 1.16 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 11.25 X | ||||
| Book Value Per Share | 2.80 X | ||||
| Cash Flow From Operations | 3.15 M | ||||
| Short Ratio | 0.48 X | ||||
| Earnings Per Share | 0.23 X | ||||
| Number Of Employees | 15 | ||||
| Beta | 0.47 | ||||
| Market Capitalization | 15.44 M | ||||
| Total Asset | 18.01 M | ||||
| Retained Earnings | 5.42 M | ||||
| Working Capital | 11.64 M | ||||
| Current Asset | 13.16 M | ||||
| Current Liabilities | 1.84 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 4.84 % | ||||
| Net Asset | 18.01 M |
About Taitron Components Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Taitron Components Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Taitron Components using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Taitron Components Incorporated 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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Additional Tools for Taitron Stock Analysis
When running Taitron Components' price analysis, check to measure Taitron Components' 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 Taitron Components is operating at the current time. Most of Taitron Components' value examination focuses on studying past and present price action to predict the probability of Taitron Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taitron Components' price. Additionally, you may evaluate how the addition of Taitron Components to your portfolios can decrease your overall portfolio volatility.