Envela Price to Earnings Ratio Trend from 2010 to 2022

ELA
 Stock
  

USD 7.10  0.47  7.09%   

Envela Corp Price to Earnings Ratio are decreasing over the years with stable fluctuation. Price to Earnings Ratio are expected to dwindle to 10.28. From 2010 to 2022 Envela Corp Price to Earnings Ratio quarterly data regression line had arithmetic mean of 16.21 and significance of  0.32. Envela Corp Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 10.05 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 11.7 M, whereas Cost of Revenue is forecasted to decline to about 88.6 M.
  
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Check Envela Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Envela main balance sheet or income statement drivers, such as Consolidated Income of 10.8 M, Cost of Revenue of 88.6 M or Earning Before Interest and Taxes EBIT of 11.7 M, as well as many exotic indicators such as Asset Turnover of 3.12, Book Value per Share of 0.82 or Current Ratio of 3.21. Envela financial statements analysis is a perfect complement when working with Envela Corp Valuation or Volatility modules. It can also supplement various Envela Corp Technical models. Continue to the analysis of Envela Corp Correlation against competitors.

Envela Corp Quarterly Price to Earnings Ratio

11.65

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Envela Price to Earnings Ratio Breakdown

Showing smoothed Price to Earnings Ratio of Envela Corp with missing and latest data points interpolated. An alternative to [PE] representing the ratio between [Price] and [EPSUSD].Envela Corp's Price to Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Envela Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 18.79 X10 Years Trend
Decreasing
Stable
 Price to Earnings Ratio 
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      Timeline 

Envela Price to Earnings Ratio Regression Statistics

Arithmetic Mean 16.21
Coefficient Of Variation 202.20
Mean Deviation 22.43
Median 11.00
Standard Deviation 32.78
Sample Variance 1,075
Range 111.58
R-Value(0.30)
Mean Square Error 1,068
R-Squared 0.09
Significance 0.32
Slope(2.51)
Total Sum of Squares 12,896

Envela Price to Earnings Ratio History

2012 -28.58
2013 -10.14
2014 -3.3
2015 -1.83
2016 -4.13
2017 13.3
2018 23.0
2019 13.5
2020 21.67
2021 11.0
2022 10.28

About Envela Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Envela Corp income statement, its balance sheet, and the statement of cash flows. Envela Corp investors use historical funamental indicators, such as Envela Corp's Price to Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Envela Corp investors may use each financial statement separately, they are all related. The changes in Envela Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Envela Corp'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 Envela Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Envela Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Price to Earnings Ratio 11.00  10.28 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA11.8 M12.7 M
Earnings before Tax10.2 M11 M
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas. Envela Corp operates under Luxury Goods classification in the United States and is traded on NYSEMKT Exchange. It employs 256 people.

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Our tools can tell you how much better you can do entering a position in Envela Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Envela Corp

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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp is a statistical measure of how it moves in relation to other equities. 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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
Continue to the analysis of Envela Corp Correlation against competitors. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Envela Stock analysis

When running Envela Corp price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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 YOY
0.41
Market Capitalization
191.2 M
Quarterly Revenue Growth YOY
0.86
Return On Assets
0.13
Return On Equity
0.43
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.