Reliance Price to Earnings Ratio Trend from 2010 to 2020

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RS -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

Reliance Steel Price to Earnings Ratio yearly trend continues to be relatively stable with very little volatility. Price to Earnings Ratio are likely to drop to 8.43. During the period from 2010 to 2020, Reliance Steel Price to Earnings Ratio destribution of quarterly values had range of  12.08 from its regression line and mean deviation of  3.61. Reliance Steel Gross Profit is relatively stable at the moment as compared to the last year. Reliance Steel reported last year Gross Profit of 2.33 Billion. As of 06/03/2020, Net Income is likely to grow to about 701.5 M, while Consolidated Income is likely to drop slightly above 255.7 M.

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Check Reliance Steel financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 6.9 B, Consolidated Income of 255.7 M or Cost of Revenue of 4.8 B, as well as many exotic indicators such as Interest Coverage of 5.45, Long Term Debt to Equity of 0.3251 or Calculated Tax Rate of 27.87. This can be a perfect complement to check Reliance Steel Valuation or Volatility. It can also complement various Reliance Steel Technical models. Additionally, take a look at the analysis of Reliance Steel Correlation with competitors.

  Reliance Steel Quarterly Price to Earnings Ratio

Reliance Price to Earnings Ratio Marginal Breakdown

Showing smoothed Price to Earnings Ratio of Reliance Steel Aluminum with missing and latest data points interpolated. An alternative to [PE] representing the ratio between [Price] and [EPSUSD].
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8.43 

          10 Years Trend
Decreasing
Very volatile
 Price to Earnings Ratio 
      Timeline 

Reliance Price to Earnings Ratio Regression Statistics

Arithmetic Mean 15.41
Geometric Mean 14.86
Coefficient Of Variation 26.61
Mean Deviation 3.61
Median 17.00
Standard Deviation 4.10
Sample Variance 16.81
Range 12.08
R-Value(0.037856)
Mean Square Error 18.65
R-Squared 0.001433
Significance 0.91
Slope(0.0468)
Total Sum of Squares 168.12

Reliance Price to Earnings Ratio Over Time

2010  20.51 
2011  10.59 
2012  11.59 
2013  18.10 
2014  12.82 
2015  13.79 
2016  18.89 
2019  17.00 
2020  8.43 

About Reliance Steel Financial Statement Charts

There are typically three primary documents that fall into the category of financial statements. These documents include Reliance Steel income statement, its balance sheet, and the statement of cash flows. Reliance Steel investors use historical funamental indicators, such as Reliance Steel's Price to Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Reliance Steel investors may use each financial statement separately, they are all related. The changes in Reliance Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Reliance 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 Reliance Steel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Reliance Steel. Please read more on our technical analysis and fundamental analysis pages.
 2017 2018 2019 2020 (projected)
Receivables1.09 B1.24 B1.07 B974.77 M
Inventories1.73 B1.82 B1.65 B1.49 B
Reliance Steel Aluminum Co. operates as a metals service center company. Reliance Steel Aluminum Co. was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in USA and is traded on BATS Exchange. It employs 15300 people.

Current Sentiment - RS

Reliance Steel Aluminum Investor Sentiment

Larger part of Macroaxis users are at this time bullish on Reliance Steel Aluminum. What is your perspective on investing in Reliance Steel Aluminum? Are you bullish or bearish?
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Additionally, take a look at the analysis of Reliance Steel Correlation with competitors. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.
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