Reliance Pb Ratio from 2010 to 2024

RS Stock  USD 282.63  4.56  1.59%   
Reliance Steel PB Ratio yearly trend continues to be comparatively stable with very little volatility. PB Ratio will likely drop to 1.13 in 2024. From the period from 2010 to 2024, Reliance Steel PB Ratio quarterly data regression had r-value of  0.49 and coefficient of variation of  20.19. View All Fundamentals
 
PB Ratio  
First Reported
2010-12-31
Previous Quarter
2.11247621
Current Value
1.13
Quarterly Volatility
0.28390356
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Reliance Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance Steel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 257.7 M, Interest Expense of 48.2 M or Total Revenue of 15.5 B, as well as many indicators such as Price To Sales Ratio of 1.16, Dividend Yield of 0.0105 or PTB Ratio of 1.13. Reliance financial statements analysis is a perfect complement when working with Reliance Steel Valuation or Volatility modules.
  
Check out the analysis of Reliance Steel Correlation against competitors.

Latest Reliance Steel's Pb Ratio Growth Pattern

Below is the plot of the Pb Ratio of Reliance Steel Aluminum over the last few years. It is Reliance Steel's PB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reliance Steel's overall financial position and show how it may be relating to other accounts over time.
Pb Ratio10 Years Trend
Slightly volatile
   Pb Ratio   
       Timeline  

Reliance Pb Ratio Regression Statistics

Arithmetic Mean1.41
Geometric Mean1.38
Coefficient Of Variation20.19
Mean Deviation0.22
Median1.34
Standard Deviation0.28
Sample Variance0.08
Range1.0216
R-Value0.49
Mean Square Error0.07
R-Squared0.24
Significance0.06
Slope0.03
Total Sum of Squares1.13

Reliance Pb Ratio History

2024 1.13
2023 2.11
2022 1.73
2021 1.68
2020 1.51
2019 1.54
2018 1.09

About Reliance Steel Financial Statements

Reliance Steel shareholders use historical fundamental indicators, such as Pb Ratio, to determine how well the company is positioned to perform in the future. Although Reliance Steel investors may analyze each financial statement separately, they are all interrelated. The changes in Reliance Steel's assets and liabilities, for example, are also reflected in the revenues and expenses on on Reliance Steel's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
PB Ratio 2.11  1.13 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Reliance Stock Analysis

When running Reliance Steel's price analysis, check to measure Reliance Steel'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 Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.