Accuray Incorporated Price To Earning vs. Price To Book

ARAY Stock  USD 2.01  0.10  5.24%   
Based on the measurements of profitability obtained from Accuray Incorporated's financial statements, Accuray Incorporated's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Accuray Incorporated's ability to earn profits and add value for shareholders. Sales General And Administrative To Revenue is likely to rise to 0.15 in 2024, whereas Price To Sales Ratio is likely to drop 0.37 in 2024. At this time, Accuray Incorporated's Operating Income is fairly stable compared to the past year. Income Quality is likely to rise to 0.80 in 2024, despite the fact that Accumulated Other Comprehensive Income is likely to grow to (4 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.430.3201
Significantly Up
Pretty Stable
For Accuray Incorporated profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Accuray Incorporated to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Accuray Incorporated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Accuray Incorporated's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Accuray Incorporated over time as well as its relative position and ranking within its peers.
  

Accuray Incorporated's Revenue Breakdown by Earning Segment

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Is Health Care Equipment & Supplies 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 Accuray Incorporated. If investors know Accuray 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 Accuray Incorporated 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
(0.96)
Earnings Share
(0.17)
Revenue Per Share
4.478
Quarterly Revenue Growth
0.168
Return On Assets
(0)
The market value of Accuray Incorporated is measured differently than its book value, which is the value of Accuray that is recorded on the company's balance sheet. Investors also form their own opinion of Accuray Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Accuray Incorporated'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 Accuray Incorporated's market value can be influenced by many factors that don't directly affect Accuray Incorporated'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 Accuray Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accuray Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accuray Incorporated'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.

Accuray Incorporated Price To Book vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Accuray Incorporated's current stock value. Our valuation model uses many indicators to compare Accuray Incorporated value to that of its competitors to determine the firm's financial worth.
Accuray Incorporated is rated below average in price to earning category among its peers. It is rated below average in price to book category among its peers fabricating about  0.10  of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Accuray Incorporated is roughly  9.84 . Price To Book Ratio is likely to drop to 1.94 in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Accuray Incorporated's earnings, one of the primary drivers of an investment's value.

Accuray Incorporated's Earnings Breakdown by Geography

Accuray Price To Book vs. Price To Earning

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Accuray Incorporated

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
44.00 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.

Accuray Incorporated

P/B

 = 

MV Per Share

BV Per Share

 = 
4.47 X
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.

Accuray Price To Book Comparison

Accuray Incorporated is currently under evaluation in price to book category among its peers.

Accuray Incorporated Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Accuray Incorporated, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Accuray Incorporated will eventually generate negative long term returns. The profitability progress is the general direction of Accuray Incorporated's change in net profit over the period of time. It can combine multiple indicators of Accuray Incorporated, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-4.2 M-4 M
Operating Income504 K529.2 K
Income Before Tax-11.8 M-12.4 M
Total Other Income Expense Net-12.3 M-12.9 M
Income Tax Expense3.7 MM
Net Loss-15.5 M-16.3 M
Net Loss-10.7 M-11.2 M
Net Loss-15.5 M-16.3 M
Non Operating Income Net Other-9.1 M-9.6 M
Interest Income14.2 M13.9 M
Net Interest Income-11.6 M-12.2 M
Change To Netincome7.6 M7.3 M
Net Loss(0.16)(0.17)
Income Quality 0.77  0.80 
Net Income Per E B T 1.32  0.92 

Accuray Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Accuray Incorporated. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Accuray Incorporated position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Accuray Incorporated's important profitability drivers and their relationship over time.

Use Accuray Incorporated in pair-trading

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 Accuray Incorporated 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 Accuray Incorporated will appreciate offsetting losses from the drop in the long position's value.

Accuray Incorporated Pair Trading

Accuray Incorporated Pair Trading Analysis

The ability to find closely correlated positions to Accuray Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accuray Incorporated 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 Accuray Incorporated - 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 Accuray Incorporated to buy it.
The correlation of Accuray Incorporated 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 Accuray Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accuray Incorporated 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 Accuray Incorporated 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

Use Investing Themes to Complement your Accuray Incorporated position

In addition to having Accuray Incorporated in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Business Supplies Thematic Idea Now

Business Supplies
Business Supplies Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Business Supplies Theme or any other thematic opportunities.
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Additional Tools for Accuray Stock Analysis

When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.