Fortrea Historical Financial Ratios
| FTRE Stock | 18.41 0.90 4.66% |
Fortrea Holdings is recently reporting on over 74 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.94 or Days Sales Outstanding of 96.0 will help investors to properly organize and evaluate Fortrea Holdings financial condition quickly.
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About Fortrea Financial Ratios Analysis
Fortrea HoldingsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Fortrea Holdings investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Fortrea financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Fortrea Holdings history.
Fortrea Holdings Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Fortrea Holdings stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Fortrea Holdings sales, a figure that is much harder to manipulate than other Fortrea 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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Fortrea Holdings' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Fortrea Holdings current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea 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 metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.At present, Fortrea Holdings' Payables Turnover is projected to drop based on the last few years of reporting. The current year's PFCF Ratio is expected to grow to 29.11, whereas PTB Ratio is forecasted to decline to 0.94.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 120.51 | 126.1 | 113.49 | 96.0 | PTB Ratio | 0.85 | 1.78 | 1.6 | 0.94 |
Fortrea Holdings fundamentals Correlations
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Fortrea Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea 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 metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Life Sciences Tools & Services 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 Fortrea Holdings. If investors know Fortrea 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 Fortrea Holdings 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 (0.57) | Earnings Share (2.44) | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets |
The market value of Fortrea Holdings is measured differently than its book value, which is the value of Fortrea that is recorded on the company's balance sheet. Investors also form their own opinion of Fortrea Holdings' value that differs from its market value or its book value, called intrinsic value, which is Fortrea Holdings' 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 Fortrea Holdings' market value can be influenced by many factors that don't directly affect Fortrea Holdings' 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 Fortrea Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortrea Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortrea Holdings' 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.