PNC Short Term Investments vs Net Tangible Assets Analysis
PNC Stock | USD 153.26 2.52 1.62% |
PNC Financial financial indicator trend analysis is much more than just breaking down PNC Financial Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PNC Financial Services is a good investment. Please check the relationship between PNC Financial Short Term Investments and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Short Term Investments vs Net Tangible Assets
Short Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PNC Financial Services Short Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between PNC Financial's Short Term Investments and Net Tangible Assets is 0.58. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of PNC Financial Services, assuming nothing else is changed. The correlation between historical values of PNC Financial's Short Term Investments and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of PNC Financial Services are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Term Investments i.e., PNC Financial's Short Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of PNC Financial balance sheet. It contains any investments PNC Financial Services undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that PNC Financial Services can easily liquidate in the marketplace.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from PNC Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PNC Financial Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, PNC Financial's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 5.76, whereas Discontinued Operations is forecasted to decline to about 4.1 B.
2021 | 2022 | 2023 | 2024 (projected) | EBIT | 6.9B | 9.5B | 18.5B | 19.5B | Operating Income | 6.9B | 9.5B | 18.7B | 19.7B |
PNC Financial fundamental ratios Correlations
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PNC Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PNC Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 448M | 427M | 426M | 412M | 401M | 377.5M | |
Total Assets | 410.3B | 466.7B | 558.4B | 557.3B | 561.6B | 589.7B | |
Short Long Term Debt Total | 60.3B | 37.2B | 30.8B | 58.7B | 72.7B | 76.4B | |
Other Current Liab | (318M) | 172.4B | 347.7B | 330.7B | 75.0B | 135.9B | |
Total Current Liabilities | 318M | 182.0B | 356.7B | 336.8B | 101.3B | 63.3B | |
Total Stockholder Equity | 49.3B | 54.0B | 55.7B | 45.8B | 51.1B | 53.7B | |
Property Plant And Equipment Net | 9.7B | 1.9B | 1.9B | 10.6B | 10.3B | 10.8B | |
Net Debt | 31.8B | (55.0B) | (51.5B) | 24.4B | 22.0B | 14.5B | |
Retained Earnings | 42.2B | 46.8B | 50.2B | 53.6B | 56.3B | 59.1B | |
Cash | 28.5B | 92.2B | 82.3B | 34.4B | 50.7B | 53.3B | |
Non Current Assets Total | 111.4B | 105.3B | 155.8B | 150.3B | 10.9B | 10.4B | |
Non Currrent Assets Other | (11.9B) | (105.3B) | (2.8B) | (28.2B) | (159.9B) | (151.9B) | |
Other Assets | 194.1B | 175.4B | 182.8B | 260.6B | 501.9B | 527.0B | |
Cash And Short Term Investments | 97.6B | 179.5B | 213.8B | 146.4B | 48.7B | 48.4B | |
Liabilities And Stockholders Equity | 410.3B | 466.7B | 558.4B | 557.3B | 561.6B | 589.7B | |
Non Current Liabilities Total | 60.3B | 37.2B | 30.8B | 511.5B | 72.7B | 43.1B | |
Other Stockholder Equity | (405M) | (1.8B) | (2.7B) | (6.1B) | (6.4B) | (6.1B) | |
Total Liab | 361.0B | 37.2B | 30.8B | 511.5B | 72.7B | 69.1B | |
Total Current Assets | 104.8B | 186.0B | 219.8B | 146.4B | 48.7B | 43.7B | |
Short Term Debt | 318M | 9.6B | 9.0B | 6.1B | 26.3B | 27.6B | |
Accumulated Other Comprehensive Income | 799M | 2.8B | 409M | (10.2B) | (7.7B) | (7.3B) | |
Common Stock | 2.7B | 2.7B | 2.7B | 2.7B | 2.7B | 2.1B | |
Common Stock Total Equity | 2.7B | 2.7B | 2.7B | 2.7B | 3.1B | 2.6B | |
Other Liab | 2.9B | 584M | 662M | 3.2B | 2.9B | 4.6B | |
Accounts Payable | 11.8B | 9.5B | 457.3B | 15.8B | 18.1B | 17.2B | |
Long Term Debt | 60.3B | 37.2B | 30.8B | 26.6B | 72.7B | 76.4B | |
Short Term Investments | 69.2B | 87.4B | 131.5B | 44.2B | 10.7B | 10.2B | |
Inventory | (31.8B) | (94.7B) | (85.2B) | (44.4B) | (57.2B) | (54.3B) | |
Treasury Stock | (12.8B) | (14.2B) | (15.1B) | (18.7B) | (16.8B) | (16.0B) | |
Intangible Assets | 1.6B | 1.2B | 1.8B | 3.4B | 3.7B | 2.1B | |
Property Plant Equipment | 2B | 1.9B | 1.9B | 10.6B | 12.2B | 12.8B | |
Net Receivables | 7.2B | 6.4B | 6.0B | 6.4B | 6.5B | 7.0B | |
Noncontrolling Interest In Consolidated Entity | 42M | 29M | 31M | 38M | 34.2M | 32.5M | |
Retained Earnings Total Equity | 42.2B | 46.8B | 50.2B | 53.6B | 61.6B | 35.1B | |
Net Tangible Assets | 40.1B | 44.8B | 44.8B | 34.8B | 40.0B | 37.9B | |
Long Term Debt Total | 43.9B | 33.7B | 30.8B | 26.6B | 30.6B | 33.3B | |
Capital Surpluse | 16.4B | 15.9B | 17.5B | 18.4B | 21.1B | 17.9B |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNC Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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Is PNC Financial'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 PNC Financial. If investors know PNC 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 PNC Financial 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 (0.22) | Dividend Share 6.15 | Earnings Share 11.92 | Revenue Per Share 50.83 | Quarterly Revenue Growth (0.07) |
The market value of PNC Financial Services is measured differently than its book value, which is the value of PNC that is recorded on the company's balance sheet. Investors also form their own opinion of PNC Financial's value that differs from its market value or its book value, called intrinsic value, which is PNC Financial'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 PNC Financial's market value can be influenced by many factors that don't directly affect PNC Financial'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 PNC Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if PNC Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNC Financial'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.