Its price to cash flow ratio of 63 is also above its the peer group median of 13.
Despite the negative earnings momentum, shares still trade at a premium on a forward price to earnings and price to cash flow basis.
The most valuable indicators in the Continental telecom group, according to White, are price to cash flow, dividend yield and price to book.
He also looks at price-to-book, price-to-cash flow, price-to-cash and debt.
For instance, PTV has historically traded for a price-to-cash earnings level of 10.6x to 20.9x, but the current level of price-to-cash earnings is only 10.3x.
For example, over the last ten years ANF has historically traded at a price-to-cash earnings level of between 9.4x and 20.6x, but the current price-to-cash earnings multiple is greater than 30x.
Similarly, price-to-cash earnings have historically ranged between 12.1x to 17.8x, but the current level of price-to-cash earnings is only 10.3x.
Are the value measures -- price-to- book, price-to-earnings, price-to-cash flow -- in line with those of similar public companies?
The stock also looks relatively less expensive according to the price-to-sales, price-to-cash flow (in the sense of net income plus depreciation) and enterprise multiples.
The stock trades near the low end of both its historical price-to-cash earnings and price-to-sales ranges.
The stock has traded below its historically normal levels of price-to-cash earnings and price-to-sales during this time.
The current price-to-cash earnings and price-to-sales valuation metrics are sitting comfortably within the historically normal valuation for this stock.
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The stock currently trades above its historically normal price-to-cash earnings and price-to-sales levels.
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Cisco trades near the low end of both their historical price-to-cash earnings and price-to-sales ranges, which suggests the valuation is favorable.
PetSmart is trading within its historically normal price-to-cash earnings and price-to-sales ranges as the market has finally rewarded PETM for its steady growth.
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With the stock trading just below the low levels of historical price-to-cash earnings and price-to-sales ranges, we continue to believe the stock is Undervalued.
However, both price-to-cash earnings and price-to-sales are currently sitting within the historically normal valuation levels, so it is sending neither an Undervalued nor an Overvalued signal.
The stock is very near the high end of its historically normal ranges of both price-to-cash earnings and price-to-sales, which suggests the market has already priced in quite a bit of fundamental improvement.
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The stock does trade on the low side of its historically normal ranges of price-to-sales and price-to-cash earnings.
The stock is trading within its historically normal ranges of both price-to-sales and price-to-cash earnings, so there is nothing particularly intriguing from a historical valuation standpoint.
Price-to-book and price-to-cash flow factors resulted in different results.
At Ockham, we currently have a Fairly Valued or neutral rating on JEF, as it traded within its historically normal range of price-to-sales and price-to-cash earnings as of our report to start the week.
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Similarly, the market has historically been willing to pay 5.5x to 15.4x cash earnings, but at current levels price-to-cash earnings of 4.6x sits below the historical norms.
For example, over the last ten years the market has been willing to pay 13.4x to 17.4x multiple of cash earnings per share, but the current price-to-cash earnings is only 11.9x.
For example, over the last ten years the market has been willing to pay between 17.1x and 22.5x cash earnings per share, but the current price-to-cash earnings is only 16.8x.
For example, the market has historically been willing to pay 4.5x to 6.7x multiples of cash earnings, but at the current price the stock trades at a price-to-cash earnings of 7.3x.
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Historically, Best Buy has traded for 10.8x to 23.1x times price-to-cash earnings, and the current multiple is near the low end of that range at 11.2x.
For instance, historically the market has been willing to pay between 6.6x and 14.7x times cash earnings per share for Halliburton, but the stock currently trades uncomfortably close to the high end of that range at price-to-cash earnings of 13.8x.
The current price-to-cash earnings rests comfortably in the middle of that range at 33.2x.
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