Tetra Tech Net Worth
Tetra Tech Net Worth Breakdown | TTEK |
Tetra Tech Net Worth Analysis
Tetra Tech's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Tetra Tech's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Tetra Tech's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Tetra Tech's net worth analysis. One common approach is to calculate Tetra Tech's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Tetra Tech's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Tetra Tech's net worth. This approach calculates the present value of Tetra Tech's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Tetra Tech's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Tetra Tech's net worth. This involves comparing Tetra Tech's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Tetra Tech's net worth relative to its peers.
Enterprise Value |
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To determine if Tetra Tech is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Tetra Tech's net worth research are outlined below:
| Tetra Tech has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are owned by institutional investors | |
| On 5th of June 2025 Tetra Tech paid $ 0.065 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Stantecs Backlog Surge Points to Revenue Acceleration Ahead |
Tetra Tech Quarterly Good Will |
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Tetra Tech uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Tetra Tech. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Tetra Tech's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
Tetra Tech Target Price Consensus
Tetra target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Tetra Tech's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 7 | Buy |
Most Tetra analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Tetra stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Tetra Tech, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationTetra Tech Target Price Projection
Tetra Tech's current and average target prices are 37.91 and 42.00, respectively. The current price of Tetra Tech is the price at which Tetra Tech is currently trading. On the other hand, Tetra Tech's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Tetra Tech Target Price
Know Tetra Tech's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Tetra Tech is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tetra Tech backward and forwards among themselves. Tetra Tech's institutional investor refers to the entity that pools money to purchase Tetra Tech's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2025-03-31 | 3.6 M | Sam Sustainable Asset Management Ltd | 2025-03-31 | 3.2 M | Dimensional Fund Advisors, Inc. | 2025-03-31 | 3.1 M | Norges Bank | 2024-12-31 | 3 M | Morgan Stanley - Brokerage Accounts | 2025-03-31 | 3 M | Bank Of America Corp | 2025-03-31 | 3 M | Northern Trust Corp | 2025-03-31 | 2.9 M | Ninety One Uk Limited | 2025-06-30 | 2.8 M | Bank Of New York Mellon Corp | 2025-03-31 | 2.5 M | Vanguard Group Inc | 2025-03-31 | 27.2 M | Blackrock Inc | 2025-03-31 | 26.4 M |
Follow Tetra Tech's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 10.04 B.Market Cap |
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Project Tetra Tech's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.12 | 0.07 | |
| Return On Capital Employed | 0.14 | 0.17 | |
| Return On Assets | 0.07 | 0.06 | |
| Return On Equity | 0.14 | 0.14 |
When accessing Tetra Tech's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Tetra Tech's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Tetra Tech's profitability and make more informed investment decisions.
Evaluate Tetra Tech's management efficiency
Tetra Tech has return on total asset (ROA) of 0.0834 % which means that it generated a profit of $0.0834 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1192 %, meaning that it created $0.1192 on every $100 dollars invested by stockholders. Tetra Tech's management efficiency ratios could be used to measure how well Tetra Tech manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is expected to rise to 0.17 this year, although the value of Return On Tangible Assets will most likely fall to 0.07. Total Current Liabilities is expected to rise to about 1.5 B this year. Liabilities And Stockholders Equity is expected to rise to about 5.1 B this year| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.47 | 3.65 | |
| Tangible Book Value Per Share | 0.55 | 0.36 | |
| Enterprise Value Over EBITDA | 17.11 | 9.94 | |
| Price Book Value Ratio | 3.92 | 4.02 | |
| Enterprise Value Multiple | 17.11 | 9.94 | |
| Price Fair Value | 3.92 | 4.02 | |
| Enterprise Value | 247.6 M | 235.2 M |
Tetra Tech benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Enterprise Value Revenue 2.0202 | Revenue | Quarterly Revenue Growth 0.049 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Tetra Tech insiders, such as employees or executives, is commonly permitted as long as it does not rely on Tetra Tech's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Tetra Tech insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Tetra Tech Corporate Filings
10Q | 8th of May 2025 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 7th of May 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 15th of April 2025 Other Reports | ViewVerify | |
| 7th of April 2025 Other Reports | ViewVerify |
Tetra Tech Earnings Estimation Breakdown
The calculation of Tetra Tech's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Tetra Tech is estimated to be 0.38145 with the future projection ranging from a low of 0.3725 to a high of 0.405. Please be aware that this consensus of annual earnings estimates for Tetra Tech is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.37 Lowest | Expected EPS | 0.41 Highest |
Tetra Tech Earnings Projection Consensus
Suppose the current estimates of Tetra Tech's value are higher than the current market price of the Tetra Tech stock. In this case, investors may conclude that Tetra Tech is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Tetra Tech's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of September 2026 | Current EPS (TTM) | |
| 7 | 82.97% | 0.0 | 0.38145 | 0.69 |
Tetra Tech Earnings per Share Projection vs Actual
Actual Earning per Share of Tetra Tech refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Tetra Tech predict the company's earnings will be in the future. The higher the earnings per share of Tetra Tech, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Tetra Tech Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Tetra Tech, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Tetra Tech should always be considered in relation to other companies to make a more educated investment decision.Tetra Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Tetra Tech's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
null | null | null | null | null | 0 | ||
null | null | null | null | null | 0 | ||
2025-04-29 | 2025-03-31 | 0.306 | 0.33 | 0.024 | 7 | ||
2025-01-29 | 2024-12-31 | 0.332 | 0.0027 | -0.3293 | 99 | ||
2024-11-13 | 2024-09-30 | 0.37 | 0.35 | -0.02 | 5 | ||
2024-07-31 | 2024-06-30 | 1.55 | 1.59 | 0.04 | 2 | ||
2024-05-01 | 2024-03-31 | 1.29 | 1.4 | 0.11 | 8 | ||
2024-01-31 | 2023-12-31 | 1.34 | 1.4 | 0.06 | 4 | ||
2023-11-15 | 2023-09-30 | 1.44 | 1.78 | 0.34 | 23 | ||
2023-08-09 | 2023-06-30 | 1.18 | 1.29 | 0.11 | 9 | ||
2023-05-10 | 2023-03-31 | 1.03 | 1.17 | 0.14 | 13 | ||
2023-02-01 | 2022-12-31 | 1.21 | 1.34 | 0.13 | 10 | ||
2022-11-09 | 2022-09-30 | 1.15 | 1.26 | 0.11 | 9 | ||
2022-08-03 | 2022-06-30 | 1.05 | 1.08 | 0.03 | 2 | ||
2022-05-04 | 2022-03-31 | 0.9 | 0.98 | 0.08 | 8 | ||
2022-02-02 | 2021-12-31 | 1.03 | 1.19 | 0.16 | 15 | ||
2021-11-17 | 2021-09-30 | 1 | 1.05 | 0.05 | 5 | ||
2021-07-28 | 2021-06-30 | 0.88 | 0.95 | 0.07 | 7 | ||
2021-04-28 | 2021-03-31 | 0.75 | 0.83 | 0.08 | 10 | ||
2021-01-27 | 2020-12-31 | 0.81 | 0.96 | 0.15 | 18 | ||
2020-11-11 | 2020-09-30 | 0.8 | 0.91 | 0.11 | 13 | ||
2020-07-29 | 2020-06-30 | 0.73 | 0.78 | 0.05 | 6 | ||
2020-04-29 | 2020-03-31 | 0.71 | 0.73 | 0.02 | 2 | ||
2020-01-29 | 2019-12-31 | 0.77 | 0.84 | 0.07 | 9 | ||
2019-11-13 | 2019-09-30 | 0.84 | 0.88 | 0.04 | 4 | ||
2019-07-31 | 2019-06-30 | 0.8 | 0.89 | 0.09 | 11 | ||
2019-05-01 | 2019-03-31 | 0.63 | 0.7 | 0.07 | 11 | ||
2019-01-30 | 2018-12-31 | 0.62 | 0.7 | 0.08 | 12 | ||
2018-11-07 | 2018-09-30 | 0.74 | 0.75 | 0.01 | 1 | ||
2018-08-01 | 2018-06-30 | 0.65 | 0.71 | 0.06 | 9 | ||
2018-05-02 | 2018-03-31 | 0.51 | 0.54 | 0.03 | 5 | ||
2018-01-31 | 2017-12-31 | 0.53 | 0.65 | 0.12 | 22 | ||
2017-11-08 | 2017-09-30 | 0.61 | 0.63 | 0.02 | 3 | ||
2017-08-02 | 2017-06-30 | 0.54 | 0.53 | -0.01 | 1 | ||
2017-05-03 | 2017-03-31 | 0.46 | 0.48 | 0.02 | 4 | ||
2017-02-01 | 2016-12-31 | 0.47 | 0.49 | 0.02 | 4 | ||
2016-11-09 | 2016-09-30 | 0.6 | 0.59 | -0.01 | 1 | ||
2016-07-27 | 2016-06-30 | 0.5 | 0.5 | 0.0 | 0 | ||
2016-04-27 | 2016-03-31 | 0.35 | 0.37 | 0.02 | 5 | ||
2016-01-27 | 2015-12-31 | 0.39 | 0.39 | 0.0 | 0 | ||
2015-11-11 | 2015-09-30 | 0.5 | 0.5 | 0.0 | 0 | ||
2015-07-29 | 2015-06-30 | 0.43 | 0.43 | 0.0 | 0 | ||
2015-04-29 | 2015-03-31 | 0.31 | 0.31 | 0.0 | 0 | ||
2015-01-28 | 2014-12-31 | 0.35 | 0.41 | 0.06 | 17 | ||
2014-11-12 | 2014-09-30 | 0.35 | 0.35 | 0.0 | 0 | ||
2014-07-30 | 2014-06-30 | 0.42 | 0.41 | -0.01 | 2 | ||
2014-04-30 | 2014-03-31 | 0.39 | 0.48 | 0.09 | 23 | ||
2014-01-29 | 2013-12-31 | 0.37 | 0.42 | 0.05 | 13 | ||
2013-11-13 | 2013-09-30 | 0.36 | 0.39 | 0.03 | 8 | ||
2013-08-07 | 2013-06-30 | -0.41 | -0.47 | -0.06 | 14 | ||
2013-05-01 | 2013-03-31 | 0.4 | 0.38 | -0.02 | 5 | ||
2013-01-30 | 2012-12-31 | 0.41 | 0.41 | 0.0 | 0 | ||
2012-11-07 | 2012-09-30 | 0.49 | 0.46 | -0.03 | 6 | ||
2012-08-01 | 2012-06-30 | 0.44 | 0.45 | 0.01 | 2 | ||
2012-05-02 | 2012-03-31 | 0.33 | 0.35 | 0.02 | 6 | ||
2012-02-01 | 2011-12-31 | 0.36 | 0.36 | 0.0 | 0 | ||
2011-11-09 | 2011-09-30 | 0.4 | 0.42 | 0.02 | 5 | ||
2011-08-03 | 2011-06-30 | 0.35 | 0.38 | 0.03 | 8 | ||
2011-05-04 | 2011-03-31 | 0.29 | 0.28 | -0.01 | 3 | ||
2011-02-02 | 2010-12-31 | 0.33 | 0.36 | 0.03 | 9 | ||
2010-11-10 | 2010-09-30 | 0.33 | 0.37 | 0.04 | 12 | ||
2010-07-28 | 2010-06-30 | 0.29 | 0.33 | 0.04 | 13 | ||
2010-04-28 | 2010-03-31 | 0.22 | 0.23 | 0.01 | 4 | ||
2010-01-27 | 2009-12-31 | 0.29 | 0.3 | 0.01 | 3 | ||
2009-11-11 | 2009-09-30 | 0.32 | 0.33 | 0.01 | 3 | ||
2009-07-29 | 2009-06-30 | 0.3 | 0.51 | 0.21 | 70 | ||
2009-04-29 | 2009-03-31 | 0.25 | 0.32 | 0.07 | 28 | ||
2009-01-28 | 2008-12-31 | 0.26 | 0.27 | 0.01 | 3 | ||
2008-11-12 | 2008-09-30 | 0.28 | 0.3 | 0.02 | 7 | ||
2008-07-30 | 2008-06-30 | 0.24 | 0.27 | 0.03 | 12 | ||
2008-04-30 | 2008-03-31 | 0.2 | 0.23 | 0.03 | 15 | ||
2008-01-30 | 2007-12-31 | 0.21 | 0.22 | 0.01 | 4 | ||
2007-11-14 | 2007-09-30 | 0.22 | 0.24 | 0.02 | 9 | ||
2007-08-01 | 2007-06-30 | 0.2 | 0.21 | 0.01 | 5 | ||
2007-05-02 | 2007-03-31 | 0.18 | 0.18 | 0.0 | 0 | ||
2007-01-31 | 2006-12-31 | 0.16 | 0.16 | 0.0 | 0 | ||
2006-11-15 | 2006-09-30 | 0.18 | 0.2 | 0.02 | 11 | ||
2006-08-02 | 2006-06-30 | 0.17 | 0.14 | -0.03 | 17 | ||
2006-05-03 | 2006-03-31 | 0.16 | 0.16 | 0.0 | 0 | ||
2006-01-25 | 2005-12-31 | 0.14 | 0.17 | 0.03 | 21 | ||
2005-11-16 | 2005-09-30 | 0.16 | 0.22 | 0.06 | 37 | ||
2005-07-27 | 2005-06-30 | 0.13 | 0.13 | 0.0 | 0 | ||
2005-04-28 | 2005-03-31 | -0.24 | -2.19 | -1.95 | 812 | ||
2005-01-26 | 2004-12-31 | 0.14 | 0.14 | 0.0 | 0 | ||
2004-11-17 | 2004-09-30 | -0.14 | -0.21 | -0.07 | 50 | ||
2004-07-21 | 2004-06-30 | 0.16 | 0.16 | 0.0 | 0 | ||
2004-04-22 | 2004-03-31 | 0.23 | 0.23 | 0.0 | 0 | ||
2004-01-22 | 2003-12-31 | 0.23 | 0.23 | 0.0 | 0 | ||
2003-11-20 | 2003-09-30 | 0.28 | 0.28 | 0.0 | 0 | ||
2003-07-23 | 2003-06-30 | 0.25 | 0.25 | 0.0 | 0 | ||
2003-04-23 | 2003-03-31 | 0.2 | 0.21 | 0.01 | 5 | ||
2003-01-22 | 2002-12-31 | 0.16 | 0.17 | 0.01 | 6 | ||
2002-11-14 | 2002-09-30 | 0.17 | 0.18 | 0.01 | 5 | ||
2002-07-17 | 2002-06-30 | 0.18 | 0.15 | -0.03 | 16 | ||
2002-04-18 | 2002-03-31 | 0.1 | 0.1 | 0.0 | 0 | ||
2002-01-16 | 2001-12-31 | 0.21 | 0.18 | -0.03 | 14 | ||
2001-11-14 | 2001-09-30 | 0.27 | 0.27 | 0.0 | 0 | ||
2001-07-18 | 2001-06-30 | 0.23 | 0.23 | 0.0 | 0 | ||
2001-04-18 | 2001-03-31 | 0.2 | 0.2 | 0.0 | 0 | ||
2001-01-17 | 2000-12-31 | 0.18 | 0.18 | 0.0 | 0 | ||
2000-11-15 | 2000-09-30 | 0.21 | 0.28 | 0.07 | 33 | ||
2000-07-19 | 2000-06-30 | 0.19 | 0.19 | 0.0 | 0 | ||
2000-04-19 | 2000-03-31 | 0.16 | 0.16 | 0.0 | 0 | ||
2000-01-18 | 1999-12-31 | 0.14 | 0.15 | 0.01 | 7 | ||
1999-11-17 | 1999-09-30 | 0.18 | 0.18 | 0.0 | 0 | ||
1999-07-21 | 1999-06-30 | 0.15 | 0.17 | 0.02 | 13 | ||
1999-04-21 | 1999-03-31 | 0.13 | 0.14 | 0.01 | 7 | ||
1999-01-18 | 1998-12-31 | 0.12 | 0.1 | -0.02 | 16 | ||
1998-11-18 | 1998-09-30 | 0.14 | 0.14 | 0.0 | 0 | ||
1998-07-15 | 1998-06-30 | 0.12 | 0.12 | 0.0 | 0 | ||
1998-04-15 | 1998-03-31 | 0.1 | 0.1 | 0.0 | 0 | ||
1998-01-14 | 1997-12-31 | 0.09 | 0.09 | 0.0 | 0 | ||
1997-11-12 | 1997-09-30 | 0.12 | 0.11 | -0.01 | 8 | ||
1997-07-16 | 1997-06-30 | 0.09 | 0.1 | 0.01 | 11 | ||
1997-04-16 | 1997-03-31 | 0.08 | 0.08 | 0.0 | 0 | ||
1997-01-15 | 1996-12-31 | 0.07 | 0.07 | 0.0 | 0 | ||
1996-11-22 | 1996-09-30 | 0.09 | 0.09 | 0.0 | 0 | ||
1996-07-17 | 1996-06-30 | 0.07 | 0.07 | 0.0 | 0 | ||
1996-04-17 | 1996-03-31 | 0.07 | 0.07 | 0.0 | 0 |
Tetra Tech Corporate Executives
Elected by the shareholders, the Tetra Tech's board of directors comprises two types of representatives: Tetra Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tetra. The board's role is to monitor Tetra Tech's management team and ensure that shareholders' interests are well served. Tetra Tech's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tetra Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven Burdick | CFO, Executive VP and Treasurer | Profile | |
| Steven CPA | CFO VP | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Environmental & Facilities Services 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 Tetra Tech. If investors know Tetra 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 Tetra Tech 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 (0.93) | Dividend Share 0.232 | Earnings Share 0.69 | Revenue Per Share | Quarterly Revenue Growth 0.049 |
The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech'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 Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech'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 Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech'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.