Globex Price To Sales Ratio vs Book Value Per Share Analysis

GMX Stock

CAD 1.08 0.03 2.70%

Globex Mining financial indicator trend analysis is much more than just examining Globex Mining Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globex Mining Enterprises is a good investment. Please check the relationship between Globex Mining Price To Sales Ratio and its Book Value Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Globex Mining Enterprises Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Globex Mining's Price To Sales Ratio and Book Value Per Share is 0.15. 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 Globex Mining Enterprises, assuming nothing else is changed. The correlation between historical values of Globex Mining'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 Globex Mining Enterprises 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., Globex Mining's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Globex Mining Enterprises stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Globex Mining sales, a figure that is much harder to manipulate than other Globex Mining Enterprises 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 Globex Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globex Mining Enterprises 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Globex Mining's Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 33.97, while Tax Provision is likely to drop about 111.7 K.

	2021	2022	2023	2024 (projected)
Gross Profit	35.2M	1.9M	4.1M	3.0M
Total Revenue	35.3M	2.0M	4.1M	3.0M

Gross Profit Total Revenue

Globex Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Net Debt	Accounts Payable	Cash	Other Current Assets	Inventory	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.25	0.98	0.18	0.4	0.34	0.46	0.74	0.56	0.14	0.73	0.0	0.02	0.16	0.45	0.78	0.57	-0.44	-0.09	0.45	0.24	-0.19	0.51	0.29	-0.06	0.81
Total Current Liabilities	0.25		0.17	0.21	0.51	0.23	0.2	0.06	-0.27	-0.36	-0.08	0.2	0.11	0.51	0.22	0.1	0.36	-0.45	0.6	0.44	0.7	0.05	-0.38	-0.49	0.48	0.23
Total Stockholder Equity	0.98	0.17		0.05	0.41	0.2	0.33	0.82	0.63	0.21	0.83	-0.16	-0.04	-0.01	0.34	0.86	0.5	-0.47	-0.2	0.48	0.12	-0.22	0.56	0.38	-0.17	0.85
Property Plant And Equipment Net	0.18	0.21	0.05		0.17	0.95	0.92	-0.51	-0.24	-0.54	-0.45	0.8	0.32	0.73	0.94	-0.46	0.06	0.47	0.55	-0.48	0.32	0.33	-0.34	-0.58	0.54	-0.17
Retained Earnings	0.4	0.51	0.41	0.17		0.1	0.12	0.33	0.26	-0.58	0.37	-0.16	0.05	-0.06	0.31	0.33	-0.31	-0.11	0.39	0.11	0.05	-0.08	-0.33	-0.47	0.47	0.64
Non Current Assets Total	0.34	0.23	0.2	0.95	0.1		0.99	-0.38	-0.25	-0.36	-0.35	0.82	0.26	0.8	0.92	-0.32	0.29	0.32	0.41	-0.33	0.43	0.24	-0.2	-0.43	0.46	-0.08
Non Currrent Assets Other	0.46	0.2	0.33	0.92	0.12	0.99		-0.25	-0.1	-0.3	-0.21	0.78	0.23	0.76	0.93	-0.19	0.34	0.27	0.35	-0.27	0.42	0.19	-0.06	-0.34	0.41	0.04
Cash And Short Term Investments	0.74	0.06	0.82	-0.51	0.33	-0.38	-0.25		0.7	0.41	0.97	-0.61	-0.12	-0.44	-0.22	0.99	0.34	-0.69	-0.42	0.7	-0.13	-0.36	0.64	0.59	-0.4	0.84
Net Receivables	0.56	-0.27	0.63	-0.24	0.26	-0.25	-0.1	0.7		0.08	0.81	-0.36	-0.05	-0.38	0.03	0.72	-0.01	-0.11	-0.22	0.12	-0.28	-0.22	0.69	0.41	-0.2	0.73
Common Stock Shares Outstanding	0.14	-0.36	0.21	-0.54	-0.58	-0.36	-0.3	0.41	0.08		0.33	-0.43	-0.34	-0.37	-0.52	0.39	0.49	-0.45	-0.75	0.44	-0.13	-0.16	0.69	0.83	-0.84	-0.04
Short Term Investments	0.73	-0.08	0.83	-0.45	0.37	-0.35	-0.21	0.97	0.81	0.33		-0.58	-0.14	-0.49	-0.15	0.97	0.19	-0.48	-0.38	0.49	-0.23	-0.34	0.65	0.56	-0.36	0.87
Non Current Liabilities Total	0.0	0.2	-0.16	0.8	-0.16	0.82	0.78	-0.61	-0.36	-0.43	-0.58		0.38	0.93	0.67	-0.55	0.22	0.43	0.58	-0.44	0.49	0.21	-0.26	-0.56	0.66	-0.29
Other Stockholder Equity	0.02	0.11	-0.04	0.32	0.05	0.26	0.23	-0.12	-0.05	-0.34	-0.14	0.38		0.35	0.29	-0.15	-0.01	0.03	0.38	-0.03	-0.21	0.15	-0.14	-0.4	0.44	0.02
Total Liab	0.16	0.51	-0.01	0.73	-0.06	0.8	0.76	-0.44	-0.38	-0.37	-0.49	0.93	0.35		0.63	-0.37	0.46	0.13	0.63	-0.14	0.71	0.18	-0.24	-0.53	0.64	-0.16
Property Plant And Equipment Gross	0.45	0.22	0.34	0.94	0.31	0.92	0.93	-0.22	0.03	-0.52	-0.15	0.67	0.29	0.63		-0.16	0.14	0.35	0.46	-0.35	0.29	0.25	-0.18	-0.42	0.46	0.12
Total Current Assets	0.78	0.1	0.86	-0.46	0.33	-0.32	-0.19	0.99	0.72	0.39	0.97	-0.55	-0.15	-0.37	-0.16		0.39	-0.66	-0.36	0.67	-0.04	-0.35	0.65	0.57	-0.36	0.87
Other Current Liab	0.57	0.36	0.5	0.06	-0.31	0.29	0.34	0.34	-0.01	0.49	0.19	0.22	-0.01	0.46	0.14	0.39		-0.6	-0.15	0.6	0.59	-0.09	0.48	0.4	-0.23	0.18
Net Debt	-0.44	-0.45	-0.47	0.47	-0.11	0.32	0.27	-0.69	-0.11	-0.45	-0.48	0.43	0.03	0.13	0.35	-0.66	-0.6		0.33	-1.0	-0.19	0.26	-0.33	-0.41	0.32	-0.43
Accounts Payable	-0.09	0.6	-0.2	0.55	0.39	0.41	0.35	-0.42	-0.22	-0.75	-0.38	0.58	0.38	0.63	0.46	-0.36	-0.15	0.33		-0.33	0.4	0.3	-0.55	-0.85	0.79	-0.06
Cash	0.45	0.44	0.48	-0.48	0.11	-0.33	-0.27	0.7	0.12	0.44	0.49	-0.44	-0.03	-0.14	-0.35	0.67	0.6	-1.0	-0.33		0.18	-0.27	0.34	0.42	-0.33	0.44
Other Current Assets	0.24	0.7	0.12	0.32	0.05	0.43	0.42	-0.13	-0.28	-0.13	-0.23	0.49	-0.21	0.71	0.29	-0.04	0.59	-0.19	0.4	0.18		-0.19	-0.12	-0.26	0.37	0.05
Inventory	-0.19	0.05	-0.22	0.33	-0.08	0.24	0.19	-0.36	-0.22	-0.16	-0.34	0.21	0.15	0.18	0.25	-0.35	-0.09	0.26	0.3	-0.27	-0.19		-0.23	-0.24	0.04	-0.37
Common Stock Total Equity	0.51	-0.38	0.56	-0.34	-0.33	-0.2	-0.06	0.64	0.69	0.69	0.65	-0.26	-0.14	-0.24	-0.18	0.65	0.48	-0.33	-0.55	0.34	-0.12	-0.23		0.76	-0.58	0.4
Common Stock	0.29	-0.49	0.38	-0.58	-0.47	-0.43	-0.34	0.59	0.41	0.83	0.56	-0.56	-0.4	-0.53	-0.42	0.57	0.4	-0.41	-0.85	0.42	-0.26	-0.24	0.76		-0.89	0.16
Other Liab	-0.06	0.48	-0.17	0.54	0.47	0.46	0.41	-0.4	-0.2	-0.84	-0.36	0.66	0.44	0.64	0.46	-0.36	-0.23	0.32	0.79	-0.33	0.37	0.04	-0.58	-0.89		0.09
Net Tangible Assets	0.81	0.23	0.85	-0.17	0.64	-0.08	0.04	0.84	0.73	-0.04	0.87	-0.29	0.02	-0.16	0.12	0.87	0.18	-0.43	-0.06	0.44	0.05	-0.37	0.4	0.16	0.09

Click cells to compare fundamentals

Globex Mining Account Relationship Matchups

Globex Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8M	12.0M	37.5M	31.3M	32.4M	34.0M
Total Current Liabilities	130.2K	185.8K	2.6M	209.8K	171.4K	162.8K
Total Stockholder Equity	4.6M	10.9M	34.9M	31.0M	32.3M	33.9M
Property Plant And Equipment Net	399.5K	389.7K	847.8K	929.8K	1.0M	986.9K
Retained Earnings	(56.2M)	(50.2M)	(26.5M)	(30.6M)	(29.1M)	(30.5M)
Non Current Assets Total	1.2M	1.2M	7.7M	6.5M	4.1M	3.9M
Non Currrent Assets Other	781.8K	821.6K	6.8M	5.5M	6.3M	4.9M
Cash And Short Term Investments	3.0M	10.5M	26.7M	21.6M	24.6M	25.9M
Net Receivables	277.0K	221.6K	132.6K	1.1M	3.6M	3.8M
Common Stock Shares Outstanding	52.9M	55.3M	56.8M	55.5M	56.5M	31.1M
Short Term Investments	1.4M	5.7M	14.6M	20.1M	21.2M	22.3M
Liabilities And Stockholders Equity	5.8M	12.0M	37.5M	31.3M	32.4M	34.0M
Non Current Liabilities Total	1.0M	964.3K	109.3K	154.6K	139.1K	132.2K
Other Stockholder Equity	4.9M	5.0M	4.9M	5.0M	5.1M	4.9M
Total Liab	1.2M	1.2M	2.6M	209.8K	171.4K	162.8K
Property Plant And Equipment Gross	399.5K	389.7K	1.6M	1.7M	1.6M	2.7M
Total Current Assets	4.6M	10.8M	29.8M	24.7M	28.3M	29.7M
Other Current Liab	32.1K	39.3K	2.5M	55.2K	62.7K	59.6K
Net Debt	(1.6M)	(4.7M)	(12.1M)	(1.5M)	(3.4M)	(3.3M)
Accounts Payable	98.0K	146.5K	109.3K	154.6K	108.7K	103.3K
Cash	1.6M	4.8M	12.1M	1.5M	3.4M	3.6M
Other Current Assets	64.3K	133.4K	3.0M	73.4K	82.4K	78.3K
Common Stock Total Equity	55.9M	55.7M	55.9M	56.1M	64.5M	59.3M
Common Stock	55.9M	56.1M	56.5M	56.7M	56.2M	59.1M
Other Liab	973.5K	862.0K	1.0M	913.2K	821.9K	1.1M
Net Tangible Assets	4.6M	4.6M	10.9M	34.9M	40.1M	42.1M
Other Assets	781.8K	821.6K	6.7M	159.9K	183.8K	174.6K
Long Term Investments	8.5K	7.6K	5.6K	128.7K	115.8K	121.6K
Property Plant Equipment	399.5K	389.7K	1.0M	929.8K	836.9K	795.0K
Capital Surpluse	4.9M	5.0M	4.9M	5.0M	5.7M	5.3M
Net Invested Capital	4.6M	10.9M	34.9M	31.0M	35.7M	37.5M
Net Working Capital	4.5M	10.6M	27.2M	24.5M	28.2M	29.6M

Pair Trading with Globex Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Globex Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Globex Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Globex Stock

0.77	AG	First Majestic Silver	Pair Corr
0.88	IE	Ivanhoe Energy	Pair Corr
0.89	FDY	Faraday Copper Corp	Pair Corr

Moving against Globex Stock

0.5

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Globex Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Globex Mining Enterprises to buy it.

The correlation of Globex Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Globex Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Globex Stock

Balance Sheet is a snapshot of the financial position of Globex Mining Enterprises at a specified time, usually calculated after every quarter, six months, or one year. Globex Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Globex Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Globex currently owns. An asset can also be divided into two categories, current and non-current.

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Globex Price To Sales Ratio vs Book Value Per Share Analysis

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Book Value Per Share

Globex Mining fundamental ratios Correlations

Globex Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globex Mining fundamental ratios Accounts

Pair Trading with Globex Mining

Moving together with Globex Stock

Moving against Globex Stock

Other Information on Investing in Globex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Stockholder Equity	+ 0.98	Total Assets
Short Term Investments	+ 0.97	Cash And Short Term Investments
Total Current Assets	+ 0.97	Short Term Investments
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net

Cash	- 1.0	Net Debt
Other Liab	- 0.89	Common Stock
Common Stock	- 0.85	Accounts Payable
Other Liab	- 0.84	Common Stock Shares Outstanding
Accounts Payable	- 0.75	Common Stock Shares Outstanding
Net Debt	- 0.69	Cash And Short Term Investments