Gfl Price To Sales Ratio vs Ev To Sales Analysis

GFL Stock

CAD 65.65 0.78 1.20%

Gfl Environmental financial indicator trend analysis is much more than just examining Gfl Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gfl Environmental is a good investment. Please check the relationship between Gfl Environmental Price To Sales Ratio and its Ev To Sales accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Price To Sales Ratio vs Ev To Sales

Price To Sales Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gfl Environmental Price To Sales Ratio account and Ev To Sales. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Gfl Environmental's Price To Sales Ratio and Ev To Sales is 0.88. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Gfl Environmental Holdings, assuming nothing else is changed. The correlation between historical values of Gfl Environmental's Price To Sales Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Gfl Environmental Holdings are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Price To Sales Ratio i.e., Gfl Environmental's Price To Sales Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Gfl Environmental stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Gfl Environmental sales, a figure that is much harder to manipulate than other Gfl Environmental Holdings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Gfl Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gfl Environmental current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of the 29th of November 2024, Tax Provision is likely to grow to about 167.9 M, while Selling General Administrative is likely to drop about 500.3 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.4B	1.5B	1.5B	1.0B
Interest Income	712.3M	371.1M	426.8M	494.8M

Depreciation And Amortization Interest Income

Gfl Environmental fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Common Stock Shares Outstanding		0.88	0.82	0.72	0.87	0.91	0.84	-0.71	0.93	0.79	0.84	-0.97	0.82	0.19	0.88	-0.23	0.85	0.83	0.19	0.9	0.87	0.95	0.8	0.84	0.94	0.9
Total Assets	0.88		0.99	0.64	0.93	0.99	0.9	-0.94	0.98	0.98	0.99	-0.92	0.9	0.46	1.0	-0.32	0.84	0.99	0.46	0.99	1.0	0.97	0.98	0.99	0.81	0.98
Short Long Term Debt Total	0.82	0.99		0.62	0.9	0.96	0.87	-0.97	0.95	0.99	1.0	-0.88	0.89	0.56	0.98	-0.34	0.83	0.99	0.56	0.97	0.99	0.94	0.98	0.99	0.75	0.95
Other Current Liab	0.72	0.64	0.62		0.76	0.63	0.32	-0.56	0.67	0.6	0.63	-0.76	0.51	0.18	0.64	-0.39	0.94	0.58	0.18	0.64	0.62	0.68	0.68	0.61	0.88	0.7
Total Current Liabilities	0.87	0.93	0.9	0.76		0.91	0.75	-0.83	0.94	0.9	0.91	-0.93	0.92	0.33	0.93	-0.6	0.85	0.89	0.33	0.93	0.92	0.88	0.9	0.9	0.85	0.93
Total Stockholder Equity	0.91	0.99	0.96	0.63	0.91		0.91	-0.89	0.99	0.95	0.97	-0.93	0.87	0.37	0.99	-0.28	0.83	0.96	0.37	0.98	0.98	0.97	0.95	0.97	0.82	0.97
Other Liab	0.84	0.9	0.87	0.32	0.75	0.91		-0.81	0.89	0.86	0.87	-0.83	0.86	0.37	0.9	-0.1	0.6	0.9	0.37	0.91	0.9	0.91	0.81	0.9	0.67	0.85
Net Tangible Assets	-0.71	-0.94	-0.97	-0.56	-0.83	-0.89	-0.81		-0.86	-0.98	-0.97	0.78	-0.85	-0.63	-0.93	0.32	-0.78	-0.97	-0.63	-0.91	-0.95	-0.87	-0.95	-0.96	-0.65	-0.88
Property Plant And Equipment Net	0.93	0.98	0.95	0.67	0.94	0.99	0.89	-0.86		0.93	0.96	-0.96	0.89	0.37	0.99	-0.33	0.84	0.95	0.37	0.99	0.97	0.97	0.95	0.96	0.87	0.99
Current Deferred Revenue	0.79	0.98	0.99	0.6	0.9	0.95	0.86	-0.98	0.93		0.99	-0.84	0.9	0.52	0.97	-0.4	0.81	0.99	0.52	0.95	0.99	0.92	0.97	0.98	0.71	0.93
Net Debt	0.84	0.99	1.0	0.63	0.91	0.97	0.87	-0.97	0.96	0.99		-0.88	0.9	0.53	0.99	-0.35	0.83	0.99	0.53	0.97	0.99	0.95	0.98	0.99	0.76	0.95
Retained Earnings	-0.97	-0.92	-0.88	-0.76	-0.93	-0.93	-0.83	0.78	-0.96	-0.84	-0.88		-0.86	-0.31	-0.92	0.3	-0.89	-0.88	-0.31	-0.95	-0.91	-0.96	-0.87	-0.9	-0.96	-0.95
Accounts Payable	0.82	0.9	0.89	0.51	0.92	0.87	0.86	-0.85	0.89	0.9	0.9	-0.86		0.39	0.9	-0.54	0.69	0.91	0.39	0.91	0.91	0.86	0.83	0.89	0.71	0.85
Cash	0.19	0.46	0.56	0.18	0.33	0.37	0.37	-0.63	0.37	0.52	0.53	-0.31	0.39		0.45	0.07	0.31	0.56	1.0	0.46	0.47	0.37	0.56	0.54	0.2	0.43
Non Current Assets Total	0.88	1.0	0.98	0.64	0.93	0.99	0.9	-0.93	0.99	0.97	0.99	-0.92	0.9	0.45		-0.33	0.84	0.99	0.45	0.99	1.0	0.97	0.97	0.99	0.81	0.98
Non Currrent Assets Other	-0.23	-0.32	-0.34	-0.39	-0.6	-0.28	-0.1	0.32	-0.33	-0.4	-0.35	0.3	-0.54	0.07	-0.33		-0.31	-0.31	0.07	-0.31	-0.35	-0.21	-0.32	-0.3	-0.23	-0.3
Other Assets	0.85	0.84	0.83	0.94	0.85	0.83	0.6	-0.78	0.84	0.81	0.83	-0.89	0.69	0.31	0.84	-0.31		0.8	0.31	0.83	0.83	0.88	0.85	0.82	0.93	0.87
Long Term Debt	0.83	0.99	0.99	0.58	0.89	0.96	0.9	-0.97	0.95	0.99	0.99	-0.88	0.91	0.56	0.99	-0.31	0.8		0.56	0.98	0.99	0.94	0.97	1.0	0.75	0.95
Cash And Short Term Investments	0.19	0.46	0.56	0.18	0.33	0.37	0.37	-0.63	0.37	0.52	0.53	-0.31	0.39	1.0	0.45	0.07	0.31	0.56		0.46	0.47	0.37	0.56	0.54	0.2	0.43
Net Receivables	0.9	0.99	0.97	0.64	0.93	0.98	0.91	-0.91	0.99	0.95	0.97	-0.95	0.91	0.46	0.99	-0.31	0.83	0.98	0.46		0.99	0.96	0.96	0.98	0.84	0.99
Good Will	0.87	1.0	0.99	0.62	0.92	0.98	0.9	-0.95	0.97	0.99	0.99	-0.91	0.91	0.47	1.0	-0.35	0.83	0.99	0.47	0.99		0.96	0.97	1.0	0.79	0.97
Common Stock Total Equity	0.95	0.97	0.94	0.68	0.88	0.97	0.91	-0.87	0.97	0.92	0.95	-0.96	0.86	0.37	0.97	-0.21	0.88	0.94	0.37	0.96	0.96		0.91	0.95	0.89	0.95
Long Term Debt Total	0.8	0.98	0.98	0.68	0.9	0.95	0.81	-0.95	0.95	0.97	0.98	-0.87	0.83	0.56	0.97	-0.32	0.85	0.97	0.56	0.96	0.97	0.91		0.98	0.77	0.97
Non Current Liabilities Total	0.84	0.99	0.99	0.61	0.9	0.97	0.9	-0.96	0.96	0.98	0.99	-0.9	0.89	0.54	0.99	-0.3	0.82	1.0	0.54	0.98	1.0	0.95	0.98		0.77	0.97
Capital Surpluse	0.94	0.81	0.75	0.88	0.85	0.82	0.67	-0.65	0.87	0.71	0.76	-0.96	0.71	0.2	0.81	-0.23	0.93	0.75	0.2	0.84	0.79	0.89	0.77	0.77		0.87
Inventory	0.9	0.98	0.95	0.7	0.93	0.97	0.85	-0.88	0.99	0.93	0.95	-0.95	0.85	0.43	0.98	-0.3	0.87	0.95	0.43	0.99	0.97	0.95	0.97	0.97	0.87

Click cells to compare fundamentals

Gfl Environmental Account Relationship Matchups

Gfl Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.3B	15.7B	18.4B	19.8B	20.7B	15.9B
Short Long Term Debt Total	7.8B	7.7B	8.3B	9.6B	9.3B	8.1B
Other Current Liab	35.5M	(93.2M)	(64.1M)	816.9M	822.3M	863.4M
Total Current Liabilities	865.1M	1.2B	1.5B	2.7B	1.8B	1.4B
Total Stockholder Equity	2.8B	5.7B	5.8B	6.0B	7.2B	4.9B
Other Liab	957.2M	2.4B	2.8B	1.4B	1.7B	1.6B
Net Tangible Assets	(5.3B)	(3.9B)	(5.1B)	(5.4B)	(4.9B)	(5.1B)
Property Plant And Equipment Net	2.9B	5.1B	6.0B	6.5B	7.0B	4.9B
Net Debt	7.2B	7.7B	8.1B	9.6B	9.1B	7.9B
Retained Earnings	(770.3M)	(1.8B)	(2.5B)	(2.8B)	(2.8B)	(2.7B)
Accounts Payable	732.0M	1.0B	1.3B	1.6B	711M	982.8M
Cash	574.8M	27.2M	190.4M	82.1M	135.7M	159.9M
Non Current Assets Total	10.9B	14.7B	16.9B	18.4B	19.2B	14.7B
Non Currrent Assets Other	31.7M	33.2M	36.3M	(777.6M)	82.9M	87.0M
Other Assets	31.6M	33.2M	36.3M	90.2M	103.7M	108.9M
Long Term Debt	7.6B	7.5B	9.2B	9.2B	8.8B	8.0B
Cash And Short Term Investments	574.8M	27.2M	190.4M	82.1M	135.7M	159.9M
Net Receivables	713.4M	867.3M	1.1B	1.1B	1.1B	920.0M
Good Will	5.2B	6.5B	7.5B	8.2B	7.9B	6.5B
Long Term Debt Total	7.7B	6.3B	8.2B	9.6B	11.0B	7.4B
Liabilities And Stockholders Equity	12.3B	15.7B	18.4B	19.8B	20.7B	15.9B
Non Current Liabilities Total	8.7B	8.9B	11.1B	11.0B	11.5B	9.6B
Capital Surpluse	16.4M	54.3M	77.4M	109.6M	126.0M	132.3M
Inventory	50.5M	57.4M	82M	84.2M	98.2M	68.9M
Other Current Assets	50.5M	76.3M	88.6M	182.9M	123.4M	92.4M
Other Stockholder Equity	16.4M	54.3M	77.4M	109.6M	149.5M	157.0M
Total Liab	9.6B	10.1B	12.6B	13.7B	13.3B	11.0B
Net Invested Capital	10.4B	13.3B	15.1B	15.3B	16.0B	13.0B
Property Plant And Equipment Gross	2.9B	5.1B	7.9B	9.4B	10.6B	6.2B
Short Long Term Debt	71.4M	76.6M	86.9M	42.7M	15.5M	14.7M
Total Current Assets	1.4B	1.0B	1.5B	1.4B	1.5B	1.2B
Accumulated Other Comprehensive Income	(2.7M)	(241.5M)	(253.7M)	130.3M	15.1M	15.9M
Net Working Capital	555.2M	(165.1M)	(26.7M)	(1.3B)	(325.4M)	(309.1M)
Short Term Debt	97.5M	101.3M	68.1M	69.4M	69.3M	73.6M
Intangible Assets	2.8B	3.1B	3.3B	3.2B	3.1B	3.0B
Common Stock	3.5B	7.6B	8.5B	8.6B	9.8B	6.7B
Property Plant Equipment	2.9B	5.1B	6.0B	6.5B	7.5B	4.4B

Pair Trading with Gfl Environmental

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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gfl Stock

0.96	JPM	JPMorgan Chase	Pair Corr
0.94	BOFA	Bank of America	Pair Corr
0.85	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.88	RY-PS	Royal Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.

The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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 Correlation Correlation Matching

When determining whether Gfl Environmental is a strong investment it is important to analyze Gfl Environmental's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gfl Environmental's future performance. For an informed investment choice regarding Gfl Stock, refer to the following important reports:

How To Invest In Gfl

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Is Gfl Stock a good investment?

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What is Gfl Environmental's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Please note, there is a significant difference between Gfl Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gfl Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gfl Environmental'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.

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Gfl Price To Sales Ratio vs Ev To Sales Analysis

Price To Sales Ratio vs Ev To Sales

Price To Sales Ratio vs Ev To Sales Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Ev To Sales

Gfl Environmental fundamental ratios Correlations

Gfl Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gfl Environmental fundamental ratios Accounts

Pair Trading with Gfl Environmental

Moving together with Gfl Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 1.0	Long Term Debt

Current Deferred Revenue	- 0.98	Net Tangible Assets
Long Term Debt	- 0.97	Net Tangible Assets
Net Debt	- 0.97	Net Tangible Assets
Net Tangible Assets	- 0.97	Short Long Term Debt Total
Retained Earnings	- 0.97	Common Stock Shares Outstanding
Capital Surpluse	- 0.96	Retained Earnings