What is the price-to-earnings ratio of CIT Group?
The price-earnings ratio of CIT Group is currently 2.43.
CIT Group P/S 2024
CIT Group P/S
2.43
Ticker
CIT
ISIN
US1255818015
WKN
A0YGL2
As of Sep 17, 2024, CIT Group's P/S ratio stood at 2.43, a 0% change from the 0 P/S ratio recorded in the previous year.
The CIT Group P/S history
CIT Group Aktienanalyse
What does CIT Group do?
CIT Group Inc is an American financial company headquartered in New York City. It was founded in 1908 under the name Commercial Investment Trust. Over the years, the company changed its name several times and became more specialized in financing businesses. The business model of CIT Group is based on financing businesses of different sizes. The company offers various products and services, such as commercial lending, equipment financing, factoring, and treasury & payment services. These products and services enable companies to realize their growth plans and improve their financial situation. CIT Group is divided into four divisions: commercial banking, consumer banking, transportation finance, and trade finance & services. The commercial banking division offers companies various credit and financing options. The consumer banking division offers retail customers checking and savings accounts, as well as credit cards. The transportation finance division focuses on financing transport companies and airlines. The trade finance & services division offers companies services related to trade and export. A well-known product of CIT Group is the SBA Loan. This is a loan guaranteed by the Small Business Administration (SBA). Such loans are aimed at small businesses in need of financial support. CIT Group is one of the largest providers of SBA Loans in the United States. Over the years, CIT Group has made several acquisitions. In 2015, for example, the company acquired OneWest Bank to strengthen its presence in the consumer banking sector. In 2016, CIT Group acquired Mutual of Omaha Bank to expand its business in the commercial banking sector. In 2008, CIT Group faced difficulties due to the financial crisis and had to rely on a government bailout. The company received a financial injection of $2.33 billion. In 2009, CIT Group was able to repay the government assistance. Today, CIT Group is one of the leading financial companies in the United States, specializing in financing businesses. The company offers a wide range of products and services and operates in various divisions. Through its numerous acquisitions, CIT Group has continuously expanded its business model and has become an important player in the US financial industry. CIT Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/S Details
Decoding CIT Group's P/S Ratio
CIT Group's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.
Year-to-Year Comparison
Comparing CIT Group's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.
Impact on Investments
The P/S ratio is instrumental for investors evaluating CIT Group's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.
Interpreting P/S Ratio Fluctuations
Variations in CIT Group’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.
Frequently Asked Questions about CIT Group stock
How has the price-earnings ratio of CIT Group changed compared to last year?
The price-to-earnings ratio of CIT Group has increased by 0% increased compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of CIT Group high compared to other companies?
Yes, the price-to-earnings ratio of CIT Group is high compared to other companies.
How does an increase in the price-earnings ratio of CIT Group affect the company?
An increase in the price-earnings ratio of CIT Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of CIT Group affect the company?
A decrease in the price-earnings ratio of CIT Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of CIT Group?
Some factors that influence the price-earnings ratio of CIT Group are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does CIT Group pay?
Over the past 12 months, CIT Group paid a dividend of 1.4 USD . This corresponds to a dividend yield of about 2.62 %. For the coming 12 months, CIT Group is expected to pay a dividend of 0.78 USD.
What is the dividend yield of CIT Group?
The current dividend yield of CIT Group is 2.62 %.
When does CIT Group pay dividends?
CIT Group pays a quarterly dividend. This is distributed in the months of March, June, August, November.
How secure is the dividend of CIT Group?
CIT Group paid dividends every year for the past 13 years.
What is the dividend of CIT Group?
For the upcoming 12 months, dividends amounting to 0.78 USD are expected. This corresponds to a dividend yield of 1.46 %.
In which sector is CIT Group located?
CIT Group is assigned to the 'Finance' sector.
Wann musste ich die Aktien von CIT Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of CIT Group from 11/12/2021 amounting to 0.35 USD, you needed to have the stock in your portfolio before the ex-date on 10/28/2021.
When did CIT Group pay the last dividend?
The last dividend was paid out on 11/12/2021.
What was the dividend of CIT Group in the year 2023?
In the year 2023, CIT Group distributed 1.033 USD as dividends.
In which currency does CIT Group pay out the dividend?
The dividends of CIT Group are distributed in USD.
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Andere Kennzahlen von CIT Group
Our stock analysis for CIT Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CIT Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
