Varex Imaging Corp Stock Price To Book
| VREX Stock | USD 15.59 0.84 5.11% |
Varex Imaging Corp fundamentals help investors to digest information that contributes to Varex Imaging's financial success or failures. It also enables traders to predict the movement of Varex Stock. The fundamental analysis module provides a way to measure Varex Imaging'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 Varex Imaging stock.
Price To Book Ratio is likely to rise to 2.41 in 2024. Varex | Price To Book |
Varex Imaging Corp Company Price To Book Analysis
Varex Imaging's 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.
Current Varex Imaging Price To Book | 1.23 X |
Most of Varex Imaging's fundamental indicators, such as Price To Book, 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, Varex Imaging Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Varex Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Varex Imaging is extremely important. It helps to project a fair market value of Varex Stock properly, considering its historical fundamentals such as Price To Book. Since Varex Imaging'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 Varex Imaging'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 Varex Imaging's interrelated accounts and indicators.
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Varex Price To Book Historical Pattern
Today, most investors in Varex Imaging Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Varex Imaging's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Varex Imaging price to book as a starting point in their analysis.
Varex Imaging Price To Book |
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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.
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Varex Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Varex Imaging Corp has a Price To Book of 1.2331 times. This is 95.2% lower than that of the Health Care Equipment & Supplies sector and 78.25% lower than that of the Health Care industry. The price to book for all United States stocks is 87.03% higher than that of the company.
Varex Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Varex Imaging's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Varex Imaging could also be used in its relative valuation, which is a method of valuing Varex Imaging by comparing valuation metrics of similar companies.Varex Imaging is currently under evaluation in price to book category among related companies.
Varex Fundamentals
| Return On Equity | 0.0755 | ||||
| Return On Asset | 0.0309 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 932.74 M | ||||
| Shares Outstanding | 40.86 M | ||||
| Shares Owned By Insiders | 4.87 % | ||||
| Shares Owned By Institutions | 95.13 % | ||||
| Number Of Shares Shorted | 4.53 M | ||||
| Price To Earning | 33.13 X | ||||
| Price To Book | 1.23 X | ||||
| Price To Sales | 0.80 X | ||||
| Revenue | 893.4 M | ||||
| Gross Profit | 283.5 M | ||||
| EBITDA | 60.6 M | ||||
| Net Income | 48.7 M | ||||
| Cash And Equivalents | 99.6 M | ||||
| Cash Per Share | 2.50 X | ||||
| Total Debt | 469.5 M | ||||
| Debt To Equity | 0.83 % | ||||
| Current Ratio | 3.44 X | ||||
| Book Value Per Share | 14.10 X | ||||
| Cash Flow From Operations | 108.4 M | ||||
| Short Ratio | 12.62 X | ||||
| Earnings Per Share | 0.92 X | ||||
| Price To Earnings To Growth | 3.08 X | ||||
| Target Price | 27.88 | ||||
| Number Of Employees | 2.4 K | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 636.95 M | ||||
| Total Asset | 1.25 B | ||||
| Retained Earnings | 118.1 M | ||||
| Working Capital | 495.5 M | ||||
| Current Asset | 388.51 M | ||||
| Current Liabilities | 120.44 M | ||||
| Net Asset | 1.25 B |
About Varex Imaging Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Varex Imaging Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Varex Imaging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Varex Imaging Corp 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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Varex Imaging Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Varex Imaging's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Varex Imaging Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Varex Imaging Corp Stock:Check out Varex Imaging Piotroski F Score and Varex Imaging Altman Z Score analysis. Note that the Varex Imaging Corp information on this page should be used as a complementary analysis to other Varex Imaging'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Varex Stock analysis
When running Varex Imaging's price analysis, check to measure Varex Imaging'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 Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.
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Is Varex Imaging'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 Varex Imaging. If investors know Varex 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 Varex Imaging 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 (0.70) | Earnings Share 0.92 | Revenue Per Share 21.131 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0309 |
The market value of Varex Imaging Corp is measured differently than its book value, which is the value of Varex that is recorded on the company's balance sheet. Investors also form their own opinion of Varex Imaging's value that differs from its market value or its book value, called intrinsic value, which is Varex Imaging'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 Varex Imaging's market value can be influenced by many factors that don't directly affect Varex Imaging'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 Varex Imaging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Varex Imaging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varex Imaging'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.