Asgn Inc Stock Price To Earnings To Growth
| ASGN Stock | USD 98.68 1.17 1.20% |
ASGN Inc fundamentals help investors to digest information that contributes to ASGN's financial success or failures. It also enables traders to predict the movement of ASGN Stock. The fundamental analysis module provides a way to measure ASGN'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 ASGN stock.
ASGN | Price To Earnings To Growth |
ASGN Inc Company Price To Earnings To Growth Analysis
ASGN's PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Current ASGN Price To Earnings To Growth | 2.02 X |
Most of ASGN's fundamental indicators, such as Price To Earnings To Growth, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ASGN Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ASGN Price To Earnings To Growth Driver Correlations
Understanding the fundamental principles of building solid financial models for ASGN is extremely important. It helps to project a fair market value of ASGN Stock properly, considering its historical fundamentals such as Price To Earnings To Growth. Since ASGN's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASGN's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASGN's interrelated accounts and indicators.
Click cells to compare fundamentals
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
| Competition |
ASGN Price Earnings To Growth Ratio
Price Earnings To Growth Ratio |
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Based on the latest financial disclosure, ASGN Inc has a Price To Earnings To Growth of 2.02 times. This is 19.53% higher than that of the Professional Services sector and 39.34% lower than that of the Industrials industry. The price to earnings to growth for all United States stocks is 58.69% higher than that of the company.
ASGN Price To Earnings To Growth Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ASGN's direct or indirect competition against its Price To Earnings To Growth to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ASGN could also be used in its relative valuation, which is a method of valuing ASGN by comparing valuation metrics of similar companies.ASGN is currently under evaluation in price to earnings to growth category among related companies.
ASGN Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0627 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 5.41 B | ||||
| Shares Outstanding | 46.19 M | ||||
| Shares Owned By Insiders | 3.24 % | ||||
| Shares Owned By Institutions | 97.75 % | ||||
| Number Of Shares Shorted | 1.18 M | ||||
| Price To Earning | 16.71 X | ||||
| Price To Book | 2.35 X | ||||
| Price To Sales | 1.00 X | ||||
| Revenue | 4.45 B | ||||
| Gross Profit | 1.37 B | ||||
| EBITDA | 364.1 M | ||||
| Net Income | 219.3 M | ||||
| Cash And Equivalents | 211.2 M | ||||
| Cash Per Share | 4.23 X | ||||
| Total Debt | 1.11 B | ||||
| Debt To Equity | 0.60 % | ||||
| Current Ratio | 2.28 X | ||||
| Book Value Per Share | 40.03 X | ||||
| Cash Flow From Operations | 456.9 M | ||||
| Short Ratio | 4.81 X | ||||
| Earnings Per Share | 4.32 X | ||||
| Price To Earnings To Growth | 2.02 X | ||||
| Target Price | 94.0 | ||||
| Number Of Employees | 3.7 K | ||||
| Beta | 1.51 | ||||
| Market Capitalization | 4.53 B | ||||
| Total Asset | 3.54 B | ||||
| Retained Earnings | 1.2 B | ||||
| Working Capital | 579.2 M | ||||
| Current Asset | 414.21 M | ||||
| Current Liabilities | 160.35 M | ||||
| Net Asset | 3.54 B |
About ASGN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ASGN Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASGN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASGN Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
ASGN Investors Sentiment
The influence of ASGN's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ASGN. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ASGN's public news can be used to forecast risks associated with an investment in ASGN. The trend in average sentiment can be used to explain how an investor holding ASGN can time the market purely based on public headlines and social activities around ASGN Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ASGN's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ASGN's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ASGN's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ASGN.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ASGN in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ASGN's short interest history, or implied volatility extrapolated from ASGN options trading.
Pair Trading with ASGN
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 ASGN 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 ASGN will appreciate offsetting losses from the drop in the long position's value.Moving together with ASGN Stock
| 0.83 | LZ | LegalZoom Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to ASGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASGN 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 ASGN - 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 ASGN Inc to buy it.
The correlation of ASGN 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 ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc 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 ASGN 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.Check out ASGN Piotroski F Score and ASGN Altman Z Score analysis. Note that the ASGN Inc information on this page should be used as a complementary analysis to other ASGN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for ASGN Stock analysis
When running ASGN's price analysis, check to measure ASGN'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 ASGN is operating at the current time. Most of ASGN's value examination focuses on studying past and present price action to predict the probability of ASGN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASGN's price. Additionally, you may evaluate how the addition of ASGN to your portfolios can decrease your overall portfolio volatility.
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Is ASGN's industry 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 ASGN. If investors know ASGN 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 ASGN 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 (0.18) | Earnings Share 4.32 | Revenue Per Share 91.824 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0627 |
The market value of ASGN Inc is measured differently than its book value, which is the value of ASGN that is recorded on the company's balance sheet. Investors also form their own opinion of ASGN's value that differs from its market value or its book value, called intrinsic value, which is ASGN'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 ASGN's market value can be influenced by many factors that don't directly affect ASGN'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 ASGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASGN'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.