Signet Jewelers Price To Earning vs. Number Of Shares Shorted

SIG Stock  USD 81.21  0.21  0.26%   
Based on Signet Jewelers' profitability indicators, Signet Jewelers' profitability may be sliding down. It has an above-average risk of reporting lower numbers next quarter. Profitability indicators assess Signet Jewelers' ability to earn profits and add value for shareholders. At this time, Signet Jewelers' EV To Sales is most likely to slightly decrease in the upcoming years. The Signet Jewelers' current Sales General And Administrative To Revenue is estimated to increase to 0.24, while Operating Cash Flow Sales Ratio is projected to decrease to 0.05. At this time, Signet Jewelers' Total Other Income Expense Net is most likely to decrease significantly in the upcoming years. The Signet Jewelers' current Net Income is estimated to increase to about 850.9 M, while Income Tax Expense is forecasted to increase to (162.1 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.360.394
Significantly Down
Slightly volatile
Net Profit Margin0.06650.113
Way Down
Pretty Stable
Operating Profit Margin0.10.0867
Fairly Up
Slightly volatile
Pretax Profit Margin0.09420.0892
Notably Up
Pretty Stable
Return On Assets0.06030.1189
Way Down
Pretty Stable
Return On Equity0.140.2872
Way Down
Slightly volatile
For Signet Jewelers profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Signet Jewelers to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Signet Jewelers utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Signet Jewelers's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Signet Jewelers over time as well as its relative position and ranking within its peers.
  

Signet Jewelers' Revenue Breakdown by Earning Segment

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For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.
Is Other Specialty Retail 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 Signet Jewelers. If investors know Signet 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 Signet Jewelers 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
1.138
Earnings Share
8.55
Revenue Per Share
154.687
Quarterly Revenue Growth
(0.08)
Return On Assets
0.0585
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' 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 Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' 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 Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' 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.

Signet Jewelers Number Of Shares Shorted vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Signet Jewelers's current stock value. Our valuation model uses many indicators to compare Signet Jewelers value to that of its competitors to determine the firm's financial worth.
Signet Jewelers is rated below average in price to earning category among its peers. It is rated fourth in number of shares shorted category among its peers making about  612,577  of Number Of Shares Shorted per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Signet Jewelers by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Signet Number Of Shares Shorted 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.

Signet Jewelers

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
8.61 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.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Signet Jewelers

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
5.27 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Signet Number Of Shares Shorted Comparison

Signet Jewelers is currently under evaluation in number of shares shorted category among its peers.

Signet Jewelers Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Signet Jewelers, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Signet Jewelers will eventually generate negative long term returns. The profitability progress is the general direction of Signet Jewelers' change in net profit over the period of time. It can combine multiple indicators of Signet Jewelers, 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-264.9 M-251.7 M
Operating Income621.5 M652.6 M
Income Before Tax639.8 M671.8 M
Total Other Income Expense Net18.3 M19.2 M
Net Income810.4 M850.9 M
Income Tax Expense-170.6 M-162.1 M
Net Income From Continuing Ops810.4 M850.9 M
Net Income Applicable To Common Shares393.5 M288.3 M
Non Operating Income Net Other8.1 M8.5 M
Interest Income18.7 M17.8 M
Net Interest Income18.7 M34.9 M
Change To Netincome122.2 M69.5 M
Net Income Per Share 18.05  4.77 
Income Quality 0.67  0.74 
Net Income Per E B T 1.27  0.71 

Signet Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Signet Jewelers. 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 Signet Jewelers 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 Signet Jewelers' important profitability drivers and their relationship over time.

Use Signet Jewelers 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 Signet Jewelers 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 Signet Jewelers will appreciate offsetting losses from the drop in the long position's value.

Signet Jewelers Pair Trading

Signet Jewelers Pair Trading Analysis

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

In addition to having Signet Jewelers 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.

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Fabricated Products
Fabricated Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Fabricated Products theme has 11 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 Fabricated Products Theme or any other thematic opportunities.
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When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' 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 Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:
Check out World Market Map.
For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
To fully project Signet Jewelers' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Signet Jewelers at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Signet Jewelers' income statement, its balance sheet, and the statement of cash flows.
Potential Signet Jewelers investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Signet Jewelers investors may work on each financial statement separately, they are all related. The changes in Signet Jewelers's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Signet Jewelers's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.