8x8 Price To Sales Ratio vs Book Value Per Share Analysis

EGHT Stock

USD 3.14 0.02 0.63%

8x8 Common financial indicator trend analysis is way more than just evaluating 8x8 Common Stock prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 8x8 Common Stock is a good investment. Please check the relationship between 8x8 Common Price To Sales Ratio and its Book Value Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 8x8 Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 8x8 Common Stock Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have strong relationship.

The correlation between 8x8 Common's Price To Sales Ratio and Book Value Per Share is 0.71. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of 8x8 Common Stock, assuming nothing else is changed. The correlation between historical values of 8x8 Common's Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of 8x8 Common Stock are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., 8x8 Common's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing 8x8 Common Stock stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on 8x8 Common sales, a figure that is much harder to manipulate than other 8x8 Common Stock multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from 8x8 Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 8x8 Common Stock current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 8x8 Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, 8x8 Common's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 6.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 24.90 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	390.6M	502.5M	503.8M	529.0M
Total Revenue	638.1M	743.9M	728.7M	765.1M

Gross Profit Total Revenue

8x8 Common fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Common Stock	Short Long Term Debt Total	Other Assets
Total Assets		0.73	0.95	-0.07	0.87	0.9	-0.93	0.96	0.61	0.96	0.91	0.35	0.95	0.72	0.89	0.93	0.97	0.96	0.83	0.81	0.86	0.74	-0.19	0.76	0.91	0.87
Other Current Liab	0.73		0.66	0.02	0.9	0.64	-0.55	0.68	0.46	0.66	0.61	0.39	0.64	0.6	0.5	0.6	0.57	0.68	0.49	0.66	0.42	0.6	-0.01	0.62	0.68	0.5
Total Current Liabilities	0.95	0.66		-0.3	0.81	0.96	-0.97	0.96	0.48	0.96	0.91	0.16	0.98	0.6	0.9	0.95	0.95	0.98	0.83	0.67	0.94	0.64	-0.32	0.65	0.91	0.84
Total Stockholder Equity	-0.07	0.02	-0.3		-0.19	-0.44	0.36	-0.19	0.1	-0.25	-0.29	0.64	-0.3	0.38	-0.4	-0.35	-0.12	-0.34	-0.35	0.3	-0.43	0.34	0.83	0.36	-0.1	-0.21
Property Plant And Equipment Net	0.87	0.9	0.81	-0.19		0.84	-0.79	0.83	0.51	0.85	0.83	0.24	0.85	0.6	0.77	0.84	0.78	0.87	0.75	0.68	0.68	0.6	-0.27	0.62	0.79	0.75
Net Debt	0.9	0.64	0.96	-0.44	0.84		-0.96	0.88	0.32	0.97	0.9	-0.07	0.96	0.5	0.91	0.97	0.9	0.96	0.84	0.5	0.95	0.53	-0.45	0.55	0.88	0.87
Retained Earnings	-0.93	-0.55	-0.97	0.36	-0.79	-0.96		-0.94	-0.44	-0.96	-0.92	-0.06	-0.99	-0.59	-0.96	-0.98	-0.97	-0.97	-0.9	-0.61	-0.97	-0.63	0.41	-0.64	-0.89	-0.9
Accounts Payable	0.96	0.68	0.96	-0.19	0.83	0.88	-0.94		0.61	0.92	0.87	0.31	0.95	0.62	0.91	0.91	0.95	0.96	0.88	0.78	0.87	0.67	-0.24	0.68	0.85	0.81
Cash	0.61	0.46	0.48	0.1	0.51	0.32	-0.44	0.61		0.41	0.54	0.74	0.47	0.44	0.49	0.41	0.5	0.55	0.46	0.84	0.32	0.44	-0.14	0.45	0.39	0.43
Non Current Assets Total	0.96	0.66	0.96	-0.25	0.85	0.97	-0.96	0.92	0.41		0.89	0.07	0.96	0.62	0.91	0.96	0.95	0.97	0.84	0.61	0.93	0.66	-0.36	0.68	0.93	0.91
Non Currrent Assets Other	0.91	0.61	0.91	-0.29	0.83	0.9	-0.92	0.87	0.54	0.89		0.22	0.94	0.6	0.86	0.96	0.89	0.93	0.76	0.69	0.9	0.61	-0.32	0.63	0.84	0.81
Cash And Short Term Investments	0.35	0.39	0.16	0.64	0.24	-0.07	-0.06	0.31	0.74	0.07	0.22		0.14	0.53	0.04	0.06	0.23	0.16	0.04	0.82	-0.06	0.5	0.56	0.51	0.18	0.04
Net Receivables	0.95	0.64	0.98	-0.3	0.85	0.96	-0.99	0.95	0.47	0.96	0.94	0.14		0.61	0.95	0.98	0.97	0.98	0.89	0.67	0.95	0.64	-0.33	0.65	0.89	0.89
Common Stock Shares Outstanding	0.72	0.6	0.6	0.38	0.6	0.5	-0.59	0.62	0.44	0.62	0.6	0.53	0.61		0.47	0.58	0.7	0.57	0.44	0.71	0.47	0.98	0.22	0.99	0.82	0.63
Inventory	0.89	0.5	0.9	-0.4	0.77	0.91	-0.96	0.91	0.49	0.91	0.86	0.04	0.95	0.47		0.94	0.93	0.94	0.97	0.59	0.93	0.51	-0.48	0.51	0.77	0.9
Other Current Assets	0.93	0.6	0.95	-0.35	0.84	0.97	-0.98	0.91	0.41	0.96	0.96	0.06	0.98	0.58	0.94		0.94	0.97	0.87	0.6	0.96	0.6	-0.38	0.61	0.87	0.88
Other Stockholder Equity	0.97	0.57	0.95	-0.12	0.78	0.9	-0.97	0.95	0.5	0.95	0.89	0.23	0.97	0.7	0.93	0.94		0.94	0.88	0.72	0.92	0.73	-0.22	0.75	0.9	0.91
Total Liab	0.96	0.68	0.98	-0.34	0.87	0.96	-0.97	0.96	0.55	0.97	0.93	0.16	0.98	0.57	0.94	0.97	0.94		0.87	0.68	0.93	0.61	-0.41	0.62	0.88	0.88
Property Plant And Equipment Gross	0.83	0.49	0.83	-0.35	0.75	0.84	-0.9	0.88	0.46	0.84	0.76	0.04	0.89	0.44	0.97	0.87	0.88	0.87		0.56	0.84	0.49	-0.44	0.48	0.7	0.86
Total Current Assets	0.81	0.66	0.67	0.3	0.68	0.5	-0.61	0.78	0.84	0.61	0.69	0.82	0.67	0.71	0.59	0.6	0.72	0.68	0.56		0.49	0.71	0.2	0.72	0.62	0.55
Current Deferred Revenue	0.86	0.42	0.94	-0.43	0.68	0.95	-0.97	0.87	0.32	0.93	0.9	-0.06	0.95	0.47	0.93	0.96	0.92	0.93	0.84	0.49		0.52	-0.43	0.53	0.83	0.85
Common Stock Total Equity	0.74	0.6	0.64	0.34	0.6	0.53	-0.63	0.67	0.44	0.66	0.61	0.5	0.64	0.98	0.51	0.6	0.73	0.61	0.49	0.71	0.52		0.17	1.0	0.84	0.64
Short Term Investments	-0.19	-0.01	-0.32	0.83	-0.27	-0.45	0.41	-0.24	-0.14	-0.36	-0.32	0.56	-0.33	0.22	-0.48	-0.38	-0.22	-0.41	-0.44	0.2	-0.43	0.17		0.18	-0.22	-0.42
Common Stock	0.76	0.62	0.65	0.36	0.62	0.55	-0.64	0.68	0.45	0.68	0.63	0.51	0.65	0.99	0.51	0.61	0.75	0.62	0.48	0.72	0.53	1.0	0.18		0.85	0.65
Short Long Term Debt Total	0.91	0.68	0.91	-0.1	0.79	0.88	-0.89	0.85	0.39	0.93	0.84	0.18	0.89	0.82	0.77	0.87	0.9	0.88	0.7	0.62	0.83	0.84	-0.22	0.85		0.87
Other Assets	0.87	0.5	0.84	-0.21	0.75	0.87	-0.9	0.81	0.43	0.91	0.81	0.04	0.89	0.63	0.9	0.88	0.91	0.88	0.86	0.55	0.85	0.64	-0.42	0.65	0.87

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8x8 Common Account Relationship Matchups

8x8 Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	700.6M	678.4M	910.3M	840.9M	756.0M	793.8M
Other Current Liab	70.2M	43.5M	44.0M	44.2M	22.7M	15.4M
Total Current Liabilities	123.4M	121.4M	191.5M	229.0M	172.6M	181.2M
Total Stockholder Equity	190.7M	160.5M	182.4M	99.9M	102.0M	111.3M
Property Plant And Equipment Net	173.3M	159.7M	142.4M	110.3M	89.1M	93.6M
Net Debt	252.5M	291.3M	446.3M	457.5M	361.4M	379.4M
Retained Earnings	(422.7M)	(591.1M)	(766.4M)	(792.9M)	(860.5M)	(817.5M)
Accounts Payable	40.3M	31.2M	49.7M	46.8M	48.9M	51.3M
Cash	137.4M	112.5M	91.2M	111.4M	116.3M	122.1M
Non Current Assets Total	423.5M	401.9M	634.6M	568.7M	508.1M	533.6M
Non Currrent Assets Other	28.4M	93.5M	94.5M	84.4M	65.7M	69.0M
Cash And Short Term Investments	170.9M	152.9M	136.1M	137.6M	117.3M	86.2M
Net Receivables	37.8M	51.2M	57.4M	62.3M	59.0M	61.9M
Common Stock Shares Outstanding	100.0M	118.3M	113.4M	116.0M	121.1M	72.0M
Liabilities And Stockholders Equity	700.6M	678.4M	910.3M	840.9M	756.0M	793.8M
Inventory	32.8M	38.4M	44.2M	38.6M	63.9M	67.1M
Other Current Assets	35.7M	72.5M	82.2M	73.2M	71.5M	75.1M
Other Stockholder Equity	625.5M	755.6M	956.6M	905.6M	973.9M	1.0B
Total Liab	509.9M	517.9M	727.9M	741.0M	654.0M	686.7M
Property Plant And Equipment Gross	173.3M	159.7M	142.4M	110.3M	274.5M	288.2M
Total Current Assets	277.2M	276.5M	275.6M	272.2M	247.8M	260.2M
Accumulated Other Comprehensive Income	(12.2M)	(4.2M)	(7.9M)	(12.9M)	(11.6M)	(11.0M)
Current Deferred Revenue	7.1M	20.7M	34.3M	34.9M	34.3M	36.0M
Common Stock Total Equity	103K	109K	118K	115K	132.3K	73.3K
Short Term Investments	33.5M	40.3M	44.8M	26.2M	1.0M	995.6K
Common Stock	103K	109K	123K	115K	125K	75.9K
Short Long Term Debt Total	389.9M	403.8M	537.5M	568.9M	477.6M	360.2M
Other Assets	44.8M	81.8M	93.5M	94.5M	108.6M	114.1M
Long Term Debt	291.5M	308.4M	447.5M	428.8M	409.7M	430.2M
Good Will	128.3M	131.5M	266.9M	266.9M	266.6M	279.9M
Non Current Liabilities Total	386.5M	396.5M	536.4M	512.0M	481.4M	505.5M
Intangible Assets	24.0M	17.1M	128.2M	107.1M	86.7M	91.1M
Property Plant Equipment	94.4M	159.7M	142.4M	57.9M	66.6M	69.9M
Short Term Debt	5.9M	13.8M	31.0M	74.4M	22.6M	13.1M
Other Liab	6.2M	2.5M	5.6M	14.4M	16.6M	17.4M
Net Tangible Assets	38.4M	11.9M	(212.7M)	(274.1M)	(246.7M)	(234.3M)
Retained Earnings Total Equity	(422.7M)	(591.1M)	(766.4M)	(792.9M)	(713.6M)	(677.9M)
Capital Surpluse	625.5M	755.6M	956.6M	905.6M	1.0B	601.2M
Deferred Long Term Liab	33.7M	53.3M	72.4M	75.7M	87.0M	91.4M
Non Current Liabilities Other	94.9M	5.6M	3.0M	7.0M	7.3M	13.3M

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