What is the price-to-earnings ratio of Shyft Group?
The price-earnings ratio of Shyft Group is currently 29.53.
Shyft Group P/E 2024
Shyft Group P/E
29.53
Ticker
SHYF
ISIN
US8256981031
WKN
A2P56J
As of Aug 13, 2024, Shyft Group's P/E ratio was 29.53, a -77.31% change from the 130.14 P/E ratio recorded in the previous year.
The Shyft Group P/E history
Shyft Group Aktienanalyse
What does Shyft Group do?
The Shyft Group Inc is a leading company in the specialty vehicles sector, headquartered in Novi, Michigan, USA. The company's history dates back to 1952 when it was founded under the name Brown Industries. Since then, the company has continuously evolved and is now a key player in various segments of the transportation industry. The business model of Shyft Group Inc is based on the development and manufacturing of vehicles tailored to the specific needs and requirements of customers. The company uses advanced technologies and materials to produce innovative and durable vehicles. The range of services includes the development of specialty vehicles for delivery, material transport, mobile workshops, emergency services, and mobile businesses. Overall, the company consists of four different divisions. The first division, Shyft Fleet Vehicles and Services, specializes in the development and manufacturing of commercial vehicles. This includes courier, parcel delivery, utility vehicles, and heavy-duty transporters. The vehicles of Shyft Fleet Vehicles and Services are manufactured in close collaboration with customers to meet the specific requirements of various industries such as agriculture, maintenance and repair of communication equipment, or automotive services. The second division of Shyft Group Inc is Spartan Emergency Response and manufactures specialized response vehicles, fire trucks, rescue vehicles, and command vehicles. These vehicles are used, for example, by fire departments or emergency medical services. The specialty vehicles are designed to be optimally tailored to the needs of different customers. The third division of Shyft Group Inc is Spartan Specialty Vehicles, which produces mobile businesses or mobile sales booths, for example. The vehicles of Spartan Specialty Vehicles are used, for instance, as mobile workshops or stationary solutions for dealers and events. Customers can have the vehicles customized to ensure that they meet the specific requirements of their respective companies or event organizers. The fourth division of Shyft Group Inc is Spartan Motors International, which specializes in the export of specialty vehicles abroad. This primarily reaches customers in Asia, Africa, and Europe. With this, Shyft Group Inc has been able to expand its global presence and steadily increase its revenue since the beginning of the export business. Shyft Group Inc offers a wide range of products, all tailored to the specific needs of customers. The already mentioned commercial vehicles and specialty vehicles form only part of the product offering. The company also produces so-called Morgan storage solutions, which have foldable walls and can be easily dismantled as truck bodies. The technologies used in the development and manufacturing of the vehicles are advanced and forward-thinking. An important argument for the company is the commitment to producing environmentally friendly and resource-efficient vehicles. For example, many of the vehicles have alternative propulsion or exhaust cleaning systems to reduce CO2 emissions and other pollutants. In summary, Shyft Group Inc is an important player in the specialty vehicles market. With four different divisions and a wide range of products, the company aims to serve customers in various industries and regions. The focus on customer orientation, innovation, and sustainability is a key unique selling point of the company. Shyft Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Shyft Group's P/E Ratio
The Price to Earnings (P/E) Ratio of Shyft Group is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Shyft Group's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Shyft Group is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Shyft Group’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Shyft Group stock
How has the price-earnings ratio of Shyft Group changed compared to last year?
The price-to-earnings ratio of Shyft Group has increased by -77.31% fallen (meaning "decreased" or "dropped") 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 Shyft Group high compared to other companies?
Yes, the price-to-earnings ratio of Shyft Group is high compared to other companies.
How does an increase in the price-earnings ratio of Shyft Group affect the company?
An increase in the price-earnings ratio of Shyft 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 Shyft Group affect the company?
A decrease in the price-earnings ratio of Shyft 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 Shyft Group?
Some factors that influence the price-earnings ratio of Shyft Group are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Shyft Group pay?
Over the past 12 months, Shyft Group paid a dividend of 0.2 USD . This corresponds to a dividend yield of about 1.48 %. For the coming 12 months, Shyft Group is expected to pay a dividend of 0.22 USD.
What is the dividend yield of Shyft Group?
The current dividend yield of Shyft Group is 1.48 %.
When does Shyft Group pay dividends?
Shyft Group pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of Shyft Group?
Shyft Group paid dividends every year for the past 23 years.
What is the dividend of Shyft Group?
For the upcoming 12 months, dividends amounting to 0.22 USD are expected. This corresponds to a dividend yield of 1.65 %.
In which sector is Shyft Group located?
Shyft Group is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Shyft Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Shyft Group from 9/16/2024 amounting to 0.05 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.
When did Shyft Group pay the last dividend?
The last dividend was paid out on 9/16/2024.
What was the dividend of Shyft Group in the year 2023?
In the year 2023, Shyft Group distributed 0.2 USD as dividends.
In which currency does Shyft Group pay out the dividend?
The dividends of Shyft Group are distributed in USD.
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Andere Kennzahlen von Shyft Group
Our stock analysis for Shyft 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 Shyft Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
