nVent Electric plc Second Quarter 2024 Financial Results Available on Companys Website
| NVT Stock | USD 65.81 2.23 3.51% |
Slightly above 55% of NVent Electric's private investors are presently thinking to get in. The analysis of the overall investor sentiment regarding nVent Electric PLC suggests that some traders are interested. NVent Electric's investing sentiment can be driven by a variety of factors including economic data, NVent Electric's earnings reports, geopolitical events, and overall market trends.
NVent |
nVent Electric plc , a global leader in electrical connection and protection solutions, reported second quarter 2024 financial res
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NVent Electric Fundamental Analysis
We analyze NVent Electric's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NVent Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NVent Electric 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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
NVent Electric is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
nVent Electric PLC Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NVent Electric stock to make a market-neutral strategy. Peer analysis of NVent Electric could also be used in its relative valuation, which is a method of valuing NVent Electric by comparing valuation metrics with similar companies.
Peers
NVent Electric Related Equities
| ENS | Enersys | 1.80 | ||||
| AYI | Acuity Brands | 1.42 | ||||
| PLPC | Preformed Line | 0.67 | ||||
| VRT | Vertiv Holdings | 0.44 | ||||
| ENR | Energizer Holdings | 0.53 | ||||
| AEIS | Advanced Energy | 0.74 | ||||
| ESP | Espey Mfg | 0.97 | ||||
| HUBB | Hubbell | 1.27 | ||||
| KE | Kimball Electronics | 3.28 |
Additional Tools for NVent Stock Analysis
When running NVent Electric's price analysis, check to measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.