VanEck Steel Financial Statements From 2010 to 2025
| SLX Etf | USD 64.01 0.12 0.19% |
Check VanEck Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck Steel's main balance sheet or income statement drivers, such as , as well as many indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck Steel Valuation or Volatility modules.
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VanEck Steel ETF ETF Price To Earning Analysis
VanEck Steel's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current VanEck Steel Price To Earning | 17.01 X |
Most of VanEck Steel's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VanEck Steel ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, VanEck Steel ETF has a Price To Earning of 17.01 times. This is much higher than that of the VanEck family and significantly higher than that of the Natural Resources category. The price to earning for all United States etfs is notably lower than that of the firm.
VanEck Steel ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Steel's current stock value. Our valuation model uses many indicators to compare VanEck Steel value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck Steel competition to find correlations between indicators driving VanEck Steel's intrinsic value. More Info.VanEck Steel ETF is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for VanEck Steel ETF is roughly 12.24 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the VanEck Steel's earnings, one of the primary drivers of an investment's value.About VanEck Steel Financial Statements
VanEck Steel investors use historical fundamental indicators, such as VanEck Steel's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in VanEck Steel. Please read more on our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Vaneck Steel is traded on NYSEARCA Exchange in the United States.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether VanEck Steel ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Steel'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 Vaneck Steel Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Steel Etf:Check out the analysis of VanEck Steel Correlation against competitors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of VanEck Steel ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Steel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Steel'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 VanEck Steel's market value can be influenced by many factors that don't directly affect VanEck Steel'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 VanEck Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Steel'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.