Ituran Location And Stock Price To Book

ITRN Stock  USD 29.80  0.11  0.37%   
Ituran Location and fundamentals help investors to digest information that contributes to Ituran Location's financial success or failures. It also enables traders to predict the movement of Ituran Stock. The fundamental analysis module provides a way to measure Ituran Location's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ituran Location stock.
As of the 28th of November 2024, Price To Book Ratio is likely to drop to 2.97.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Ituran Location and Company Price To Book Analysis

Ituran Location's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

 = 

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Ituran Location Price To Book

    
  3.17 X  
Most of Ituran Location's fundamental indicators, such as Price To Book, 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, Ituran Location and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Ituran Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Ituran Location is extremely important. It helps to project a fair market value of Ituran Stock properly, considering its historical fundamentals such as Price To Book. Since Ituran Location's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ituran Location's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ituran Location's interrelated accounts and indicators.
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Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition

Ituran Book Value Per Share

Book Value Per Share

9.46

At this time, Ituran Location's Book Value Per Share is very stable compared to the past year.
Based on the latest financial disclosure, Ituran Location and has a Price To Book of 3.1685 times. This is 71.89% lower than that of the Communications Equipment sector and 12.36% higher than that of the Information Technology industry. The price to book for all United States stocks is 66.68% higher than that of the company.

Ituran Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ituran Location's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ituran Location could also be used in its relative valuation, which is a method of valuing Ituran Location by comparing valuation metrics of similar companies.
Ituran Location is currently under evaluation in price to book category among its peers.

Ituran Location ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ituran Location's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ituran Location's managers, analysts, and investors.
Environmental
Governance
Social

Ituran Fundamentals

About Ituran Location Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ituran Location and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ituran Location using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ituran Location and based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Ituran Location

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 Ituran Location 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 Ituran Location will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Ituran Location could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ituran Location 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 Ituran Location - 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 Ituran Location and to buy it.
The correlation of Ituran Location 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 Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location 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 Ituran Location 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 CorrelationCorrelation Matching
When determining whether Ituran Location offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ituran Location'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 Ituran Location And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ituran Location And Stock:
Check out Ituran Location Piotroski F Score and Ituran Location Altman Z Score analysis.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Communications 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 Ituran Location. If investors know Ituran 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 Ituran Location 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
0.084
Earnings Share
2.61
Revenue Per Share
16.522
Quarterly Revenue Growth
0.039
Return On Assets
0.1368
The market value of Ituran Location is measured differently than its book value, which is the value of Ituran that is recorded on the company's balance sheet. Investors also form their own opinion of Ituran Location's value that differs from its market value or its book value, called intrinsic value, which is Ituran Location'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 Ituran Location's market value can be influenced by many factors that don't directly affect Ituran Location'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 Ituran Location's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ituran Location is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ituran Location'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.