Powell Industries Net Worth

Powell Industries Net Worth Breakdown

  POWL
The net worth of Powell Industries is the difference between its total assets and liabilities. Powell Industries' net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Powell Industries' assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Powell Industries' net worth can be used as a measure of its financial health and stability which can help investors to decide if Powell Industries is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Powell Industries stock.

Powell Industries Net Worth Analysis

Powell Industries' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Powell Industries' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Powell Industries' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Powell Industries' net worth analysis. One common approach is to calculate Powell Industries' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Powell Industries' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Powell Industries' net worth. This approach calculates the present value of Powell Industries' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Powell Industries' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Powell Industries' net worth. This involves comparing Powell Industries' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Powell Industries' net worth relative to its peers.

Enterprise Value

172.1 Million

To determine if Powell Industries is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Powell Industries' net worth research are outlined below:
Powell Industries had very high historical volatility over the last 90 days
Powell Industries has a strong financial position based on the latest SEC filings
Over 94.0% of the company shares are owned by institutional investors
Latest headline from zacks.com: Is DXP Enterprises Stock Outpacing Its Industrial Products Peers This Year

Powell Industries Quarterly Good Will

1 Million

Powell Industries uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Powell Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Powell Industries' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
30th of January 2024
Upcoming Quarterly Report
View
7th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
3rd of December 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2023
Last Financial Announcement
View

Powell Industries Target Price Consensus

Powell target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Powell Industries' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   3  Buy
Most Powell analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Powell stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Powell Industries, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Powell Industries Target Price Projection

Powell Industries' current and average target prices are 261.34 and 247.73, respectively. The current price of Powell Industries is the price at which Powell Industries is currently trading. On the other hand, Powell Industries' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Powell Industries Market Quote on 18th of January 2025

Low Price255.02Odds
High Price262.52Odds

261.34

Target Price

Analyst Consensus On Powell Industries Target Price

Low Estimate225.44Odds
High Estimate274.98Odds

247.7333

Historical Lowest Forecast  225.44 Target Price  247.73 Highest Forecast  274.98
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Powell Industries and the information provided on this page.

Know Powell Industries' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Powell Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Powell Industries backward and forwards among themselves. Powell Industries' institutional investor refers to the entity that pools money to purchase Powell Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Arrowstreet Capital Limited Partnership2024-09-30
223.8 K
Millennium Management Llc2024-09-30
137.9 K
Wellington Management Company Llp2024-09-30
135.3 K
Amvescap Plc.2024-09-30
113.3 K
Nuveen Asset Management, Llc2024-09-30
113 K
Goldman Sachs Group Inc2024-09-30
111.6 K
Northern Trust Corp2024-09-30
101 K
First Trust Advisors L.p.2024-09-30
99 K
Victory Capital Management Inc.2024-09-30
98.6 K
Carnick & Kubik Group, Llc2024-09-30
1.7 M
Blackrock Inc2024-09-30
1.5 M
Note, although Powell Industries' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Powell Industries' market capitalization trends

The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.1 B.

Market Cap

205.05 Million

Project Powell Industries' profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets 0.01  0.01 
Return On Capital Employed 0.02  0.02 
Return On Assets 0.01  0.01 
Return On Equity 0.02  0.01 
The company has Profit Margin (PM) of 0.14 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.2 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.2.
When accessing Powell Industries' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Powell Industries' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Powell Industries' profitability and make more informed investment decisions.

Evaluate Powell Industries' management efficiency

Powell Industries has return on total asset (ROA) of 0.1237 % which means that it generated a profit of $0.1237 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3424 %, meaning that it created $0.3424 on every $100 dollars invested by stockholders. Powell Industries' management efficiency ratios could be used to measure how well Powell Industries manages its routine affairs as well as how well it operates its assets and liabilities. The value of Return On Tangible Assets is estimated to slide to 0.01. The value of Return On Capital Employed is expected to slide to 0.02. At this time, Powell Industries' Fixed Asset Turnover is quite stable compared to the past year. Asset Turnover is expected to rise to 1.55 this year, although the value of Other Current Assets will most likely fall to about 16.3 M.
Last ReportedProjected for Next Year
Book Value Per Share 13.50  12.50 
Tangible Book Value Per Share 13.15  12.14 
Enterprise Value Over EBITDA 24.95  26.20 
Price Book Value Ratio 1.56  1.28 
Enterprise Value Multiple 24.95  26.20 
Price Fair Value 1.56  1.28 
Enterprise Value199.3 M172.1 M
Effective management at Powell Industries has been a driving force behind its market achievements. We assess the correlation between management practices and financial success to determine the stock's value.
Enterprise Value Revenue
2.616
Revenue
945.9 M
Quarterly Revenue Growth
0.498
Revenue Per Share
79.126
Return On Equity
0.3424
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Powell Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Powell Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Powell Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Brett Cope over a month ago
Acquisition by Brett Cope of 17800 shares of Powell Industries at 271.46 subject to Rule 16b-3
 
Powell Thomas W over two months ago
Disposition of 847 shares by Powell Thomas W of Powell Industries at 348.6543 subject to Rule 16b-3
 
Brett Cope over three months ago
Acquisition by Brett Cope of 3100 shares of Powell Industries at 182.14 subject to Rule 16b-3
 
Cragg Christopher E over three months ago
Disposition of 225 shares by Cragg Christopher E of Powell Industries subject to Rule 16b-3
 
Brett Cope over three months ago
Disposition of 462 shares by Brett Cope of Powell Industries at 171.54 subject to Rule 16b-3
 
William Mauney over three months ago
Disposition of 770 shares by William Mauney of Powell Industries subject to Rule 16b-3
 
Michael Metcalf over three months ago
Disposition of 191 shares by Michael Metcalf of Powell Industries at 167.97 subject to Rule 16b-3
 
Brett Cope over six months ago
Disposition of 303 shares by Brett Cope of Powell Industries at 146.19 subject to Rule 16b-3
 
Hoglund Peter G over six months ago
Disposition of tradable shares by Hoglund Peter G of Powell Industries subject to Rule 16b-3
 
Brett Cope over six months ago
Disposition of 100 shares by Brett Cope of Powell Industries at 172.9 subject to Rule 16b-3
 
Powell Thomas W over six months ago
Disposition of 833 shares by Powell Thomas W of Powell Industries at 170.2836 subject to Rule 16b-3
 
Ni Ping over six months ago
Disposition of tradable shares by Ni Ping of Powell Industries subject to Rule 16b-3

Powell Industries Corporate Filings

6th of January 2025
Other Reports
ViewVerify
23rd of December 2024
Other Reports
ViewVerify
6th of December 2024
Other Reports
ViewVerify
F4
4th of December 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
Powell Industries time-series forecasting models is one of many Powell Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Powell Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Powell Industries Earnings Estimation Breakdown

The calculation of Powell Industries' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Powell Industries is estimated to be 2.6133 with the future projection ranging from a low of 2.19 to a high of 3.03. Please be aware that this consensus of annual earnings estimates for Powell Industries is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
3.77
2.19
Lowest
Expected EPS
2.6133
3.03
Highest

Powell Industries Earnings Projection Consensus

Suppose the current estimates of Powell Industries' value are higher than the current market price of the Powell Industries stock. In this case, investors may conclude that Powell Industries is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Powell Industries' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of December 2024Current EPS (TTM)
344.86%
3.77
2.6133
12.29

Powell Industries Earnings History

Earnings estimate consensus by Powell Industries analysts from Wall Street is used by the market to judge Powell Industries' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Powell Industries' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Powell Industries Quarterly Gross Profit

80.43 Million

At this time, Powell Industries' Retained Earnings are quite stable compared to the past year. Price Earnings Ratio is expected to rise to 104.85 this year, although the value of Retained Earnings Total Equity will most likely fall to about 181.3 M. The value of Common Stock Shares Outstanding is expected to slide to about 12.2 M. The value of Net Income Applicable To Common Shares is expected to slide to about 10.4 M.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Powell Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
256.03261.42266.81
Details
Intrinsic
Valuation
LowRealHigh
233.61239.00287.47
Details
3 Analysts
Consensus
LowTargetHigh
225.44247.73274.98
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.192.613.03
Details
Note that many institutional investors and large investment bankers can move markets due to the volume of Powell assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Powell Industries. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Powell Industries' stock price in the short term.

Powell Industries Earnings per Share Projection vs Actual

Actual Earning per Share of Powell Industries refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Powell Industries predict the company's earnings will be in the future. The higher the earnings per share of Powell Industries, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Powell Industries Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Powell Industries, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Powell Industries should always be considered in relation to other companies to make a more educated investment decision.

Powell Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Powell Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-12-03
2024-09-302.963.770.8127 
2024-07-30
2024-06-302.163.791.6375 
2024-04-30
2024-03-311.782.750.9754 
2024-01-30
2023-12-310.841.981.14135 
2023-12-05
2023-09-301.211.950.7461 
2023-08-01
2023-06-300.661.520.86130 
2023-05-02
2023-03-310.210.70.49233 
2023-01-31
2022-12-310.030.10.07233 
2022-12-05
2022-09-300.190.730.54284 
2022-08-02
2022-06-300.110.760.65590 
2022-05-03
2022-03-31-0.11-0.10.01
2022-02-08
2021-12-31-0.03-0.24-0.21700 
2021-12-07
2021-09-30-0.040.280.32800 
2021-08-03
2021-06-300.01-0.17-0.181800 
2021-05-04
2021-03-310.12-0.02-0.14116 
2021-02-02
2020-12-310.22-0.03-0.25113 
2020-12-08
2020-09-300.270.25-0.02
2020-08-04
2020-06-300.330.28-0.0515 
2020-05-05
2020-03-310.380.640.2668 
2020-02-04
2019-12-310.320.24-0.0825 
2019-12-04
2019-09-300.380.550.1744 
2019-08-06
2019-06-300.20.390.1995 
2019-05-07
2019-03-31-0.250.080.33132 
2019-02-05
2018-12-31-0.01-0.23-0.222200 
2018-12-11
2018-09-300.140.13-0.01
2018-08-07
2018-06-30-0.170.030.2117 
2018-05-08
2018-03-31-0.35-0.290.0617 
2018-02-06
2017-12-31-0.15-0.49-0.34226 
2017-12-05
2017-09-30-0.19-0.42-0.23121 
2017-08-08
2017-06-30-0.13-0.28-0.15115 
2017-05-02
2017-03-31-0.15-0.020.1386 
2017-02-07
2016-12-31-0.03-0.030.0
2016-12-06
2016-09-300.070.540.47671 
2016-08-02
2016-06-300.120.470.35291 
2016-05-03
2016-03-310.290.690.4137 
2016-02-02
2015-12-310.410.18-0.2356 
2015-12-01
2015-09-300.470.45-0.02
2015-08-04
2015-06-300.560.710.1526 
2015-05-05
2015-03-310.090.170.0888 
2015-02-03
2014-12-310.29-0.02-0.31106 
2014-12-02
2014-09-30-0.080.20.28350 
2014-08-05
2014-06-300.880.24-0.6472 
2014-05-06
2014-03-310.70.58-0.1217 
2014-02-04
2013-12-310.680.680.0
2013-12-03
2013-09-300.550.710.1629 
2013-08-06
2013-06-300.750.880.1317 
2013-05-07
2013-03-310.480.570.0918 
2013-02-05
2012-12-310.540.620.0814 
2012-12-04
2012-09-300.650.990.3452 
2012-08-07
2012-06-300.441.020.58131 
2012-05-08
2012-03-310.220.630.41186 
2012-02-07
2011-12-310.2-0.15-0.35175 
2011-12-06
2011-09-300.210.16-0.0523 
2011-08-02
2011-06-300.250.14-0.1144 
2011-05-03
2011-03-310.310.21-0.132 
2011-02-01
2010-12-310.320.21-0.1134 
2010-12-08
2010-09-300.620.38-0.2438 
2010-08-04
2010-06-300.330.880.55166 
2010-05-05
2010-03-310.420.850.43102 
2010-02-03
2009-12-310.590.830.2440 
2009-12-09
2009-09-300.660.850.1928 
2009-08-04
2009-06-300.711.140.4360 
2009-05-06
2009-03-310.70.770.0710 
2009-02-09
2008-12-310.60.680.0813 
2008-12-10
2008-09-300.590.720.1322 
2008-08-06
2008-06-300.570.690.1221 
2008-05-07
2008-03-310.40.530.1332 
2008-02-06
2007-12-310.190.320.1368 
2007-12-05
2007-09-300.220.220.0
2007-08-08
2007-06-300.210.280.0733 
2007-05-24
2007-03-310.340.2-0.1441 
2007-02-07
2006-12-310.270.18-0.0933 
2006-09-07
2006-06-300.350.16-0.1954 
2006-06-07
2006-03-310.120.370.25208 
2006-03-08
2005-12-310.10.10.0
2005-12-14
2005-09-300.160.170.01
2005-09-08
2005-06-300.130.190.0646 
2005-06-08
2005-03-310.01-0.03-0.04400 
2005-03-09
2004-12-31-0.11-0.13-0.0218 
2004-12-15
2004-09-300.05-0.04-0.09180 
2004-09-01
2004-06-300.070.070.0
2004-06-03
2004-03-310.070.03-0.0457 
2004-02-25
2003-12-310.10.07-0.0330 
2003-12-09
2003-09-300.110.120.01
2003-08-27
2003-06-300.140.13-0.01
2003-05-29
2003-03-310.180.190.01
2003-02-26
2002-12-310.270.280.01
2002-12-05
2002-09-300.40.480.0820 
2002-08-20
2002-06-300.380.40.02
2002-05-21
2002-03-310.380.420.0410 
2002-02-19
2001-12-310.30.350.0516 
2001-12-04
2001-09-300.40.40.0
2001-08-21
2001-06-300.360.40.0411 
2001-05-22
2001-03-310.280.30.02
2001-02-15
2000-12-310.180.180.0
2000-11-30
2000-09-300.250.30.0520 
2000-08-23
2000-06-300.190.190.0
2000-05-24
2000-03-310.110.140.0327 
2000-02-23
1999-12-310.120.120.0
1999-12-07
1999-09-300.150.150.0
1999-08-24
1999-06-300.130.140.01
1999-05-20
1999-03-310.20.17-0.0315 
1999-02-23
1998-12-310.23-0.02-0.25108 
1998-11-30
1998-09-300.240.240.0
1998-09-03
1998-06-300.30.30.0
1998-06-26
1998-03-310.30.310.01
1998-02-24
1997-12-310.220.220.0
1997-12-03
1997-09-300.290.330.0413 
1997-08-21
1997-06-300.320.320.0
1997-05-22
1997-03-310.290.30.01
1997-02-20
1996-12-310.20.220.0210 
1996-12-04
1996-09-300.250.270.02
1996-08-23
1996-06-300.20.280.0840 
1996-05-21
1996-03-310.20.250.0525 
1996-02-21
1995-12-310.130.160.0323 
1995-12-29
1995-09-300.190.190.0
1995-08-28
1995-06-300.130.140.01

Powell Industries Corporate Management

Milburn HoneycuttChief Accounting Officer, VP and Corporate ControllerProfile
Terry McKertcherVice OperationsProfile
Gary KingDirector CommunicationsProfile
William MauneyVice RDProfile
David EckenrodeAssistant TreasurerProfile
When determining whether Powell Industries is a strong investment it is important to analyze Powell Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Powell Industries' future performance. For an informed investment choice regarding Powell Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Powell Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For more information on how to buy Powell Stock please use our How to buy in Powell Stock guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Electrical Components & Equipment 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 Powell Industries. If investors know Powell 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 Powell Industries 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
1.493
Earnings Share
12.29
Revenue Per Share
79.126
Quarterly Revenue Growth
0.498
Return On Assets
0.1237
The market value of Powell Industries is measured differently than its book value, which is the value of Powell that is recorded on the company's balance sheet. Investors also form their own opinion of Powell Industries' value that differs from its market value or its book value, called intrinsic value, which is Powell Industries' 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 Powell Industries' market value can be influenced by many factors that don't directly affect Powell Industries' 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 Powell Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Powell Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Powell Industries' 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.