Planet Fitness Current Valuation vs. Market Capitalization
| P2LN34 Stock | 39.84 0.00 0.00% |
For Planet Fitness profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Planet Fitness to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Planet Fitness utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Planet Fitness's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Planet Fitness over time as well as its relative position and ranking within its peers.
Planet |
Planet Fitness Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Planet Fitness's current stock value. Our valuation model uses many indicators to compare Planet Fitness value to that of its competitors to determine the firm's financial worth. Planet Fitness is rated top company in current valuation category among its peers. It also is considered to be number one stock in market capitalization category among its peers creating about 0.87 of Market Capitalization per Current Valuation. The ratio of Current Valuation to Market Capitalization for Planet Fitness is roughly 1.15 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Planet Fitness by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Planet Fitness' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Planet Current Valuation vs. Competition
Planet Fitness is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Leisure industry is at this time estimated at about 499.97 Billion. Planet Fitness holds roughly 44.97 Billion in current valuation claiming about 9% of all equities under Leisure industry.
Planet Market Capitalization vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Planet Fitness |
| = | 44.97 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Planet Fitness |
| = | 39.04 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Planet Market Capitalization vs Competition
Planet Fitness is considered to be number one stock in market capitalization category among its peers. Market capitalization of Leisure industry is at this time estimated at about 438.98 Billion. Planet Fitness holds roughly 39.04 Billion in market capitalization claiming about 9% of all equities under Leisure industry.
Planet Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Planet Fitness. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Planet Fitness position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Planet Fitness' important profitability drivers and their relationship over time.
Use Planet Fitness in pair-trading
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 Planet Fitness 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 Planet Fitness will appreciate offsetting losses from the drop in the long position's value.Planet Fitness Pair Trading
Planet Fitness Pair Trading Analysis
The ability to find closely correlated positions to Planet Fitness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Planet Fitness 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 Planet Fitness - 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 Planet Fitness to buy it.
The correlation of Planet Fitness 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 Planet Fitness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Fitness 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 Planet Fitness 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.Use Investing Themes to Complement your Planet Fitness position
In addition to having Planet Fitness in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumption Thematic Idea Now
Consumption
Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 19 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumption Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Planet Stock
When determining whether Planet Fitness is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Planet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Planet Fitness Stock. Highlighted below are key reports to facilitate an investment decision about Planet Fitness Stock:Check out Your Equity Center. For information on how to trade Planet Stock refer to our How to Trade Planet Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
To fully project Planet Fitness' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Planet Fitness at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Planet Fitness' income statement, its balance sheet, and the statement of cash flows.