ArcelorMittal Ptb Ratio vs Roic Analysis
MT Stock | USD 25.07 0.06 0.24% |
ArcelorMittal financial indicator trend analysis is way more than just evaluating ArcelorMittal SA ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ArcelorMittal SA ADR is a good investment. Please check the relationship between ArcelorMittal Ptb Ratio and its Roic accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ArcelorMittal SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Ptb Ratio vs Roic
Ptb Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ArcelorMittal SA ADR Ptb Ratio account and Roic. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ArcelorMittal's Ptb Ratio and Roic is 0.42. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of ArcelorMittal SA ADR, assuming nothing else is changed. The correlation between historical values of ArcelorMittal's Ptb Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of ArcelorMittal SA ADR are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Ptb Ratio i.e., ArcelorMittal's Ptb Ratio and Roic go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from ArcelorMittal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ArcelorMittal SA ADR 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ArcelorMittal SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, ArcelorMittal's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 34.5 B in 2024, whereas Tax Provision is likely to drop slightly above 356.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 57.3B | 67.3B | 63.5B | 50.5B | EBITDA | 20.6B | 15.1B | 7.6B | 9.9B |
ArcelorMittal fundamental ratios Correlations
Click cells to compare fundamentals
ArcelorMittal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ArcelorMittal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 87.9B | 82.1B | 90.5B | 94.5B | 93.9B | 79.6B | |
Short Long Term Debt Total | 14.3B | 12.3B | 8.4B | 11.7B | 10.7B | 15.4B | |
Other Current Liab | 5.8B | 8.6B | 7.1B | 6.2B | 5.7B | 5.3B | |
Total Current Liabilities | 21.3B | 22.7B | 24.2B | 22.4B | 21.8B | 18.3B | |
Total Stockholder Equity | 38.5B | 38.3B | 49.1B | 53.2B | 54.0B | 35.4B | |
Property Plant And Equipment Net | 36.2B | 30.6B | 30.1B | 30.2B | 33.7B | 34.5B | |
Net Debt | 9.3B | 6.4B | 4.0B | 2.2B | 2.9B | 2.8B | |
Retained Earnings | 22.9B | 22.1B | 36.7B | 45.4B | 46.3B | 48.6B | |
Accounts Payable | 12.6B | 11.5B | 15.1B | 13.5B | 13.6B | 8.9B | |
Cash | 5.0B | 6.0B | 4.4B | 9.4B | 7.8B | 4.2B | |
Non Current Assets Total | 59.3B | 54.1B | 55.6B | 57.4B | 60.7B | 53.7B | |
Non Currrent Assets Other | 2.4B | 4.5B | 2.6B | 3.0B | 669M | 635.6M | |
Cash And Short Term Investments | 5.0B | 6.0B | 4.4B | 9.4B | 7.8B | 4.2B | |
Net Receivables | 3.6B | 3.1B | 5.1B | 3.8B | 3.7B | 4.1B | |
Common Stock Shares Outstanding | 1.0B | 1.1B | 1.1B | 914M | 845M | 636.8M | |
Liabilities And Stockholders Equity | 87.9B | 82.1B | 90.5B | 94.5B | 93.9B | 79.6B | |
Non Current Liabilities Total | 26.1B | 19.1B | 15.0B | 16.6B | 16.1B | 23.3B | |
Inventory | 17.3B | 12.3B | 19.9B | 20.1B | 18.8B | 14.3B | |
Other Current Assets | 2.8B | 2.3B | 5.6B | 3.8B | 3.0B | 2.6B | |
Other Stockholder Equity | 34.2B | 35.5B | 30.1B | 30.2B | 26.3B | 23.7B | |
Total Liab | 47.4B | 41.8B | 39.2B | 39.0B | 37.8B | 41.6B | |
Total Current Assets | 28.6B | 28.0B | 34.9B | 37.1B | 33.2B | 25.8B | |
Short Term Debt | 2.9B | 2.5B | 1.9B | 2.6B | 2.3B | 3.0B | |
Short Term Investments | 246M | 393M | 607M | 828M | 952.2M | 999.8M | |
Accumulated Other Comprehensive Income | (19.0B) | (19.8B) | (18.1B) | (22.8B) | (18.9B) | (18.0B) | |
Other Liab | 14.7B | 9.3B | 8.5B | 7.5B | 8.6B | 9.8B | |
Other Assets | 10.3B | 9.3B | 9.9B | 11.6B | 13.3B | 6.7B | |
Long Term Debt | 10.6B | 9.8B | 6.5B | 9.1B | 7.4B | 13.7B | |
Intangible Assets | 328M | 320M | 494M | 1.1B | 5.1B | 5.4B | |
Property Plant Equipment | 36.2B | 30.6B | 30.1B | 30.2B | 34.7B | 38.5B | |
Treasury Stock | (569M) | (602M) | (538M) | (2.2B) | (2.5B) | (2.4B) | |
Current Deferred Revenue | 49M | 73M | 63M | 67M | 109M | 103.6M | |
Good Will | 5.1B | 4.0B | 3.9B | 3.8B | 3.9B | 6.2B | |
Net Tangible Assets | 33.1B | 34.0B | 44.7B | 48.2B | 55.5B | 38.3B | |
Long Term Investments | 7.3B | 6.8B | 10.3B | 10.8B | 10.6B | 8.4B | |
Short Long Term Debt | 2.6B | 2.5B | 1.9B | 2.6B | 2.1B | 3.2B |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ArcelorMittal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ArcelorMittal's short interest history, or implied volatility extrapolated from ArcelorMittal options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ArcelorMittal SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running ArcelorMittal's price analysis, check to measure ArcelorMittal'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 ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcelorMittal's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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Is ArcelorMittal'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 ArcelorMittal. If investors know ArcelorMittal 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 ArcelorMittal 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 (0.01) | Dividend Share 0.5 | Earnings Share 1.09 | Revenue Per Share 40.5435 | Quarterly Revenue Growth (0.14) |
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal'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 ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal'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 ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcelorMittal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal'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.