Central Price Earnings To Growth Ratio from 2010 to 2024

CENT Stock  USD 46.34  0.31  0.67%   
Central Garden Price Earnings To Growth Ratio yearly trend continues to be comparatively stable with very little volatility. Price Earnings To Growth Ratio is likely to outpace its year average in 2024. From the period from 2010 to 2024, Central Garden Price Earnings To Growth Ratio quarterly data regression had mean square error of  8.28 and mean deviation of  2.66. View All Fundamentals
 
Price Earnings To Growth Ratio  
First Reported
2010-12-31
Previous Quarter
0.10151912
Current Value
0.12
Quarterly Volatility
2.8359335
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Central Garden financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Central main balance sheet or income statement drivers, such as Depreciation And Amortization of 105.9 M, Interest Expense of 36.4 M or Selling General Administrative of 310.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0442, Dividend Yield of 0.0029 or PTB Ratio of 0.42. Central financial statements analysis is a perfect complement when working with Central Garden Valuation or Volatility modules.
  
This module can also supplement Central Garden's financial leverage analysis and stock options assessment as well as various Central Garden Technical models . Check out the analysis of Central Garden Correlation against competitors.

Latest Central Garden's Price Earnings To Growth Ratio Growth Pattern

Below is the plot of the Price Earnings To Growth Ratio of Central Garden Pet over the last few years. It is Central Garden's Price Earnings To Growth Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Central Garden's overall financial position and show how it may be relating to other accounts over time.
Price Earnings To Growth Ratio10 Years Trend
Pretty Stable
   Price Earnings To Growth Ratio   
       Timeline  

Central Price Earnings To Growth Ratio Regression Statistics

Arithmetic Mean2.47
Coefficient Of Variation114.89
Mean Deviation2.66
Median0.58
Standard Deviation2.84
Sample Variance8.04
Range6.6914
R-Value0.21
Mean Square Error8.28
R-Squared0.04
Significance0.45
Slope0.13
Total Sum of Squares112.60

Central Price Earnings To Growth Ratio History

2024 0.12
2023 0.1
2022 -0.9
2016 5.8
2011 0.58
2010 0.0459

About Central Garden Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Central Garden income statement, its balance sheet, and the statement of cash flows. Central Garden investors use historical funamental indicators, such as Central Garden's Price Earnings To Growth Ratio, to determine how well the company is positioned to perform in the future. Although Central Garden investors may use each financial statement separately, they are all related. The changes in Central Garden's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Central Garden's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Central Garden Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Central Garden. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price Earnings To Growth Ratio 0.10  0.12 

Pair Trading with Central Garden

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 Central Garden 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 Central Garden will appreciate offsetting losses from the drop in the long position's value.

Moving together with Central Stock

  0.66UG United GuardianPairCorr
  0.74UL Unilever PLC ADRPairCorr
The ability to find closely correlated positions to Central Garden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Garden 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 Central Garden - 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 Central Garden Pet to buy it.
The correlation of Central Garden 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 Central Garden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Garden Pet 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 Central Garden 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.
Pair CorrelationCorrelation Matching
When determining whether Central Garden Pet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Central Garden'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 Central Garden Pet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Central Garden Pet Stock:
Check out the analysis of Central Garden Correlation against competitors.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Central Stock analysis

When running Central Garden's price analysis, check to measure Central Garden'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 Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.
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Is Central Garden'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 Central Garden. If investors know Central 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 Central Garden 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
0.292
Earnings Share
2.22
Revenue Per Share
63.167
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0473
The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden'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 Central Garden's market value can be influenced by many factors that don't directly affect Central Garden'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 Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden'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.