Rio Tinto Adr Stock Price To Book
| RIO Stock | USD 62.90 0.96 1.50% |
Rio Tinto ADR fundamentals help investors to digest information that contributes to Rio Tinto's financial success or failures. It also enables traders to predict the movement of Rio Stock. The fundamental analysis module provides a way to measure Rio Tinto'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 Rio Tinto stock.
Rio |
Rio Tinto ADR Company Price To Book Analysis
Rio Tinto'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.
Current Rio Tinto Price To Book | 1.89 X |
Most of Rio Tinto'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, Rio Tinto ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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 |
Based on the latest financial disclosure, Rio Tinto ADR has a Price To Book of 1.8868 times. This is 84.51% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The price to book for all United States stocks is 80.16% higher than that of the company.
Rio Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rio Tinto'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 Rio Tinto could also be used in its relative valuation, which is a method of valuing Rio Tinto by comparing valuation metrics of similar companies.Rio Tinto is currently under evaluation in price to book category among its peers.
Rio Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0848 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 109.42 B | ||||
| Shares Outstanding | 1.63 B | ||||
| Shares Owned By Institutions | 10.58 % | ||||
| Number Of Shares Shorted | 8.29 M | ||||
| Price To Earning | 11.03 X | ||||
| Price To Book | 1.89 X | ||||
| Price To Sales | 1.94 X | ||||
| Revenue | 53.66 B | ||||
| Gross Profit | 16.18 B | ||||
| EBITDA | 22.31 B | ||||
| Net Income | 11.55 B | ||||
| Cash And Equivalents | 4.89 B | ||||
| Cash Per Share | 8.59 X | ||||
| Total Debt | 13.86 B | ||||
| Debt To Equity | 0.23 % | ||||
| Current Ratio | 1.79 X | ||||
| Book Value Per Share | 34.03 X | ||||
| Cash Flow From Operations | 15.6 B | ||||
| Short Ratio | 2.81 X | ||||
| Earnings Per Share | 7.07 X | ||||
| Target Price | 79.75 | ||||
| Number Of Employees | 60 K | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 104.24 B | ||||
| Total Asset | 102.79 B | ||||
| Retained Earnings | 42.54 B | ||||
| Working Capital | 7.38 B | ||||
| Current Asset | 15.26 B | ||||
| Current Liabilities | 10.05 B | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 6.98 % | ||||
| Net Asset | 102.79 B | ||||
| Last Dividend Paid | 4.02 |
About Rio Tinto Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rio Tinto ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio Tinto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio Tinto ADR 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 Rio Tinto
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 Rio Tinto 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 Rio Tinto will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio Stock
| 0.85 | MP | MP Materials Corp Sell-off Trend | PairCorr |
| 0.9 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.77 | VZLA | Vizsla Resources Corp | PairCorr |
Moving against Rio Stock
| 0.83 | LZM | Lifezone Metals | PairCorr |
| 0.76 | IPX | IperionX Limited American | PairCorr |
| 0.7 | PLL | Piedmont Lithium | PairCorr |
| 0.69 | NEXA | Nexa Resources SA | PairCorr |
| 0.62 | NVA | Nova Minerals Limited | PairCorr |
The ability to find closely correlated positions to Rio Tinto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio Tinto 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 Rio Tinto - 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 Rio Tinto ADR to buy it.
The correlation of Rio Tinto 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 Rio Tinto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio Tinto ADR 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 Rio Tinto 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.Check out Rio Tinto Piotroski F Score and Rio Tinto Altman Z Score analysis. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Non-Metallic and Industrial Metal Mining 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 Rio Tinto. If investors know Rio 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 Rio Tinto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Rio Tinto ADR is measured differently than its book value, which is the value of Rio that is recorded on the company's balance sheet. Investors also form their own opinion of Rio Tinto's value that differs from its market value or its book value, called intrinsic value, which is Rio Tinto'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 Rio Tinto's market value can be influenced by many factors that don't directly affect Rio Tinto'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 Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto'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.