Ring Pb Ratio vs Ev To Sales Analysis

REI Stock  USD 1.60  0.01  0.63%   
Ring Energy financial indicator trend analysis is much more than just breaking down Ring Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ring Energy is a good investment. Please check the relationship between Ring Energy Pb Ratio and its Ev To Sales accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.

Pb Ratio vs Ev To Sales

Pb Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ring Energy Pb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ring Energy's Pb Ratio and Ev To Sales is 0.15. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Ring Energy, assuming nothing else is changed. The correlation between historical values of Ring Energy's Pb Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Ring Energy are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Pb Ratio i.e., Ring Energy's Pb Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Pb Ratio

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Most indicators from Ring Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ring Energy 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.As of now, Ring Energy's Enterprise Value Multiple is increasing as compared to previous years. The Ring Energy's current Enterprise Value is estimated to increase to about 743.4 M, while Tax Provision is projected to decrease to under 119 K.
 2021 2022 2023 2024 (projected)
Other Operating Expenses100.5M155.5M215.3M226.0M
Interest Expense14.5M23.2M43.9M46.1M

Ring Energy fundamental ratios Correlations

0.92-0.270.990.950.890.920.920.950.950.880.70.87-0.36-0.360.940.57-0.580.95-0.480.080.940.920.950.00.87
0.92-0.090.960.920.840.950.890.920.970.830.410.81-0.2-0.20.920.65-0.620.97-0.350.20.941.00.960.020.83
-0.27-0.09-0.16-0.23-0.37-0.36-0.3-0.24-0.2-0.38-0.63-0.380.130.13-0.26-0.060.41-0.20.070.16-0.11-0.1-0.23-0.65-0.39
0.990.96-0.160.950.880.930.920.950.970.860.570.86-0.35-0.350.940.57-0.570.97-0.440.10.960.960.970.00.86
0.950.92-0.230.950.90.90.951.00.960.890.550.88-0.3-0.30.980.61-0.580.96-0.29-0.030.980.920.950.090.88
0.890.84-0.370.880.90.850.990.90.941.00.580.99-0.38-0.380.90.5-0.550.95-0.460.290.910.840.950.251.0
0.920.95-0.360.930.90.850.870.90.940.840.540.82-0.21-0.210.910.61-0.710.94-0.320.120.880.960.940.190.84
0.920.89-0.30.920.950.990.870.950.970.980.560.98-0.38-0.380.950.53-0.550.97-0.410.220.950.890.980.180.98
0.950.92-0.240.951.00.90.90.950.960.890.560.88-0.3-0.30.980.61-0.590.96-0.3-0.030.980.920.950.10.89
0.950.97-0.20.970.960.940.940.970.960.930.50.92-0.3-0.30.960.61-0.61.0-0.390.210.970.971.00.10.93
0.880.83-0.380.860.891.00.840.980.890.930.570.99-0.34-0.340.890.53-0.530.94-0.470.30.90.830.940.261.0
0.70.41-0.630.570.550.580.540.560.560.50.570.58-0.26-0.260.570.33-0.40.5-0.51-0.080.470.420.52-0.050.58
0.870.81-0.380.860.880.990.820.980.880.920.990.58-0.47-0.470.880.41-0.530.93-0.450.30.880.810.940.271.0
-0.36-0.20.13-0.35-0.3-0.38-0.21-0.38-0.3-0.3-0.34-0.26-0.471.0-0.310.550.08-0.340.08-0.03-0.31-0.2-0.34-0.11-0.38
-0.36-0.20.13-0.35-0.3-0.38-0.21-0.38-0.3-0.3-0.34-0.26-0.471.0-0.310.550.08-0.340.08-0.03-0.31-0.2-0.34-0.11-0.38
0.940.92-0.260.940.980.90.910.950.980.960.890.570.88-0.31-0.310.59-0.550.96-0.21-0.010.960.920.950.070.88
0.570.65-0.060.570.610.50.610.530.610.610.530.330.410.550.550.59-0.40.58-0.340.080.610.650.57-0.080.49
-0.58-0.620.41-0.57-0.58-0.55-0.71-0.55-0.59-0.6-0.53-0.4-0.530.080.08-0.55-0.4-0.60.21-0.19-0.51-0.62-0.61-0.23-0.55
0.950.97-0.20.970.960.950.940.970.961.00.940.50.93-0.34-0.340.960.58-0.6-0.380.220.970.971.00.110.94
-0.48-0.350.07-0.44-0.29-0.46-0.32-0.41-0.3-0.39-0.47-0.51-0.450.080.08-0.21-0.340.21-0.38-0.49-0.36-0.37-0.420.1-0.46
0.080.20.160.1-0.030.290.120.22-0.030.210.3-0.080.3-0.03-0.03-0.010.08-0.190.22-0.490.070.210.24-0.080.31
0.940.94-0.110.960.980.910.880.950.980.970.90.470.88-0.31-0.310.960.61-0.510.97-0.360.070.940.960.060.89
0.921.0-0.10.960.920.840.960.890.920.970.830.420.81-0.2-0.20.920.65-0.620.97-0.370.210.940.960.020.83
0.950.96-0.230.970.950.950.940.980.951.00.940.520.94-0.34-0.340.950.57-0.611.0-0.420.240.960.960.120.94
0.00.02-0.650.00.090.250.190.180.10.10.26-0.050.27-0.11-0.110.07-0.08-0.230.110.1-0.080.060.020.120.27
0.870.83-0.390.860.881.00.840.980.890.931.00.581.0-0.38-0.380.880.49-0.550.94-0.460.310.890.830.940.27
Click cells to compare fundamentals

Ring Energy Account Relationship Matchups

Ring Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities59.1M36.9M76.7M141.2M113.8M119.5M
Total Stockholder Equity523.5M294.8M300.6M661.1M786.6M825.9M
Retained Earnings(2.9M)(256.3M)(252.9M)(114.3M)(9.4M)(9.9M)
Accounts Payable54.6M32.5M46.2M111.4M104.1M109.3M
Common Stock Total Equity68.0K85.6K100.2K175.5K201.9K212.0K
Non Current Liabilities Total390.4M331.7M306.9M466.7M476.1M499.9M
Other Stockholder Equity526.3M551.0M553.5M775.2M795.8M835.6M
Total Liab449.5M368.7M383.5M607.9M694.2M728.9M
Common Stock68.0K85.6K100.2K175.5K196.8K206.7K
Total Assets973.0M663.5M684.2M1.3B1.5B1.6B
Short Long Term Debt Total369.1M314.9M292.7M419.1M430.0M451.5M
Net Debt359.1M311.3M290.3M415.4M429.7M451.2M
Cash10.0M3.6M2.4M3.7M296.4K281.6K
Cash And Short Term Investments10.0M3.6M2.4M3.7M296.4K281.6K
Common Stock Shares Outstanding66.8M72.9M121.2M141.8M195.4M205.1M
Liabilities And Stockholders Equity973.0M663.5M684.2M1.3B1.5B1.6B
Total Current Assets38.7M20.8M29.8M63.2M55.9M58.7M
Short Term Debt1.5M1.2M1.2M1.6M2.1M3.8M
Non Current Assets Total934.3M642.7M654.4M1.2B1.4B1.5B
Non Currrent Assets Other(5.4B)(5.4M)(88.6M)(8.5B)128.9M135.4M
Other Current Assets5.9B396.1K938.0K6.8M8.1M7.7M
Other Liab22.8M18.0M15.4M49.2M56.6M59.4M
Net Tangible Assets523.5M294.8M300.6M661.1M760.3M798.3M
Property Plant And Equipment Net931.1M642.7M652.6M1.2B1.3B1.4B
Other Assets3.2M641.1M1.7M24.0M27.6M26.3M
Long Term Debt366.5M313M290M415M425M446.3M
Net Receivables24.7M16.8M26.5M43.4M41.4M43.5M
Retained Earnings Total Equity(2.9M)(256.3M)(252.9M)(114.3M)(102.9M)(97.7M)
Deferred Long Term Liab3.2M2.4M1.7M19.0M21.8M22.9M
Property Plant And Equipment Gross931.1M640.3M651.4M1.5B1.7B1.8B
Property Plant Equipment929.2M640.3M651.4M1.2B1.4B1.4B
Capital Surpluse526.3M551.0M553.5M775.2M891.5M936.1M
Long Term Debt Total366.9M313.1M290.3M415M477.3M501.1M

Currently Active Assets on Macroaxis

When determining whether Ring Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ring Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ring Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ring Energy Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ring Energy. If investors know Ring will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ring Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Earnings Share
0.57
Revenue Per Share
1.853
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0829
The market value of Ring Energy is measured differently than its book value, which is the value of Ring that is recorded on the company's balance sheet. Investors also form their own opinion of Ring Energy's value that differs from its market value or its book value, called intrinsic value, which is Ring Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ring Energy's market value can be influenced by many factors that don't directly affect Ring Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ring Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ring Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ring Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.