Sprott Energy Transition Etf Price To Book
| SETM Etf | 15.90 0.13 0.81% |
Sprott Energy Transition fundamentals help investors to digest information that contributes to Sprott Energy's financial success or failures. It also enables traders to predict the movement of Sprott Etf. The fundamental analysis module provides a way to measure Sprott Energy'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 Sprott Energy etf.
Sprott |
Sprott Energy Transition ETF Price To Book Analysis
Sprott Energy'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.
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, Sprott Energy Transition has a Price To Book of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Natural Resources (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Did you try this?
Run CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
About Sprott Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Energy Transition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Energy Transition based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Sprott Energy Piotroski F Score and Sprott Energy Altman Z Score analysis. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Sprott Energy Transition is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Energy's value that differs from its market value or its book value, called intrinsic value, which is Sprott Energy'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 Sprott Energy's market value can be influenced by many factors that don't directly affect Sprott Energy'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 Sprott Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Energy'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.