Olympic Enterprise Value Over E B I T D A from 2010 to 2024
| ZEUS Stock | USD 53.97 0.30 0.55% |
Enterprise Value Over EBITDA | First Reported 2010-12-31 | Previous Quarter 9.41524412 | Current Value 6.59 | Quarterly Volatility 4.42596656 |
Check Olympic Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Olympic main balance sheet or income statement drivers, such as Depreciation And Amortization of 14.9 M, Interest Expense of 18.8 M or Total Revenue of 1.2 B, as well as many exotic indicators such as Price To Sales Ratio of 0.23, Dividend Yield of 0.0069 or PTB Ratio of 0.95. Olympic financial statements analysis is a perfect complement when working with Olympic Steel Valuation or Volatility modules.
Olympic | Enterprise Value Over E B I T D A |
Latest Olympic Steel's Enterprise Value Over E B I T D A Growth Pattern
Below is the plot of the Enterprise Value Over E B I T D A of Olympic Steel over the last few years. It is Olympic Steel's Enterprise Value Over EBITDA historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Olympic Steel's overall financial position and show how it may be relating to other accounts over time.
| Enterprise Value Over E B I T D A | 10 Years Trend |
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Enterprise Value Over E B I T D A |
| Timeline |
Olympic Enterprise Value Over E B I T D A Regression Statistics
| Arithmetic Mean | 10.22 | |
| Geometric Mean | 9.19 | |
| Coefficient Of Variation | 43.32 | |
| Mean Deviation | 3.47 | |
| Median | 10.10 | |
| Standard Deviation | 4.43 | |
| Sample Variance | 19.59 | |
| Range | 14.3943 | |
| R-Value | (0.29) | |
| Mean Square Error | 19.31 | |
| R-Squared | 0.08 | |
| Significance | 0.29 | |
| Slope | (0.29) | |
| Total Sum of Squares | 274.25 |
Olympic Enterprise Value Over E B I T D A History
About Olympic Steel Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Olympic Steel income statement, its balance sheet, and the statement of cash flows. Olympic Steel investors use historical funamental indicators, such as Olympic Steel's Enterprise Value Over E B I T D A, to determine how well the company is positioned to perform in the future. Although Olympic Steel investors may use each financial statement separately, they are all related. The changes in Olympic Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Olympic Steel'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 Olympic Steel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Olympic Steel. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Enterprise Value Over EBITDA | 9.42 | 6.59 |
Pair Trading with Olympic Steel
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 Olympic Steel 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 Olympic Steel will appreciate offsetting losses from the drop in the long position's value.Moving against Olympic Stock
| 0.72 | USAP | Universal Stainless Alloy | PairCorr |
| 0.64 | CGAU | Centerra Gold | PairCorr |
| 0.6 | ZKIN | ZK International | PairCorr |
| 0.59 | AEM | Agnico Eagle Mines | PairCorr |
| 0.55 | TX | Ternium SA ADR | PairCorr |
The ability to find closely correlated positions to Olympic Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympic Steel 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 Olympic Steel - 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 Olympic Steel to buy it.
The correlation of Olympic Steel 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 Olympic Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympic Steel 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 Olympic Steel 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.Check out the analysis of Olympic Steel Correlation against competitors. For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Olympic Stock analysis
When running Olympic Steel's price analysis, check to measure Olympic 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic 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 Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.
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Is Olympic Steel'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 Olympic Steel. If investors know Olympic 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 Olympic Steel 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 (0.12) | Dividend Share 0.525 | Earnings Share 3.73 | Revenue Per Share 182.104 | Quarterly Revenue Growth (0.08) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel'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 Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel'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 Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel'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.