What is the price-to-earnings ratio of Tennant?
The price-earnings ratio of Tennant is currently 14.87.
Tennant P/E 2024
Tennant P/E
14.87
Ticker
TNC
ISIN
US8803451033
WKN
858055
As of Aug 3, 2024, Tennant's P/E ratio was 14.87, a 16.81% change from the 12.73 P/E ratio recorded in the previous year.
The Tennant P/E history
Tennant Aktienanalyse
What does Tennant do?
Tennant Co. is a global leading manufacturer of cleaning equipment and technologies. The company was founded in 1870 by George H. Tennant and is headquartered in Minnesota, USA. History: Tennant Co. began as George H. Tennant purchased a mill in Minneapolis and later expanded it into a vacuum cleaner factory. In 1910, the company became known as Tennant Co. and started manufacturing floor cleaning equipment. Over the years, the company steadily expanded its product portfolio and developed innovative technologies such as the automatic scrubbing machine. Business Model: Tennant Co. is a globally operating company with a wide product portfolio and a focus on sustainability and environmental friendliness. The company offers solutions for cleaning various types of flooring and surfaces such as concrete, wood, tiles, textiles, and carpets. Tennant Co. provides products and services for both commercial and residential use. Divisions: The company has four main divisions: floor cleaning, surface cleaning, water treatment, and partnerships. The floor cleaning division offers a variety of equipment and technologies for floor cleaning, including sweepers, scrubbers, burnishers, and electric cleaning vehicles. In surface cleaning, Tennant Co. provides solutions for cleaning different surfaces such as airplanes, trains, ship decks, and roads. This includes high-pressure cleaners, sandblasting equipment, ultra-high-pressure cleaners, and sweepers. The water treatment division offers solutions for water treatment, such as removing dirt and chemical contaminants. This includes water filtration systems, adsorption systems, ozone filtration, and ultrafiltration systems. The partnership division aims to form partnerships with other companies to develop innovative solutions and explore new business opportunities. Products: Tennant Co. offers a wide range of products. In the floor cleaning segment, the company provides floor cleaning machines (sweepers, scrubbers, and burnishers), cleaning tools and accessories such as brushes and filters. In the surface cleaning segment, Tennant Co. offers high-pressure cleaners, sandblasting equipment, and sweepers. The company also offers more environmentally friendly solutions such as electric sweepers and battery-operated devices. In the water treatment segment, the company offers a wide range of systems for removing contaminants, such as adsorption and ultrafiltration systems. Conclusion: Tennant Co. is a company with a long history and a wide range of cleaning solutions and technologies. The company strives to offer environmentally friendly solutions and form partnerships with other companies to develop innovative solutions. Tennant's commitment to sustainability, innovation, and quality makes it one of the leading providers of cleaning equipment and technologies. Tennant ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Tennant's P/E Ratio
The Price to Earnings (P/E) Ratio of Tennant 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 Tennant'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 Tennant 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 Tennant’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 Tennant stock
How has the price-earnings ratio of Tennant changed compared to last year?
The price-to-earnings ratio of Tennant has increased by 16.81% 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 Tennant high compared to other companies?
Yes, the price-to-earnings ratio of Tennant is high compared to other companies.
How does an increase in the price-earnings ratio of Tennant affect the company?
An increase in the price-earnings ratio of Tennant 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 Tennant affect the company?
A decrease in the price-earnings ratio of Tennant 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 Tennant?
Some factors that influence the price-earnings ratio of Tennant are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Tennant pay?
Over the past 12 months, Tennant paid a dividend of 1.08 USD . This corresponds to a dividend yield of about 1.08 %. For the coming 12 months, Tennant is expected to pay a dividend of 1.18 USD.
What is the dividend yield of Tennant?
The current dividend yield of Tennant is 1.08 %.
When does Tennant pay dividends?
Tennant pays a quarterly dividend. This is distributed in the months of September, December, March, June.
How secure is the dividend of Tennant?
Tennant paid dividends every year for the past 79 years.
What is the dividend of Tennant?
For the upcoming 12 months, dividends amounting to 1.18 USD are expected. This corresponds to a dividend yield of 1.19 %.
In which sector is Tennant located?
Tennant is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Tennant kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tennant from 6/14/2024 amounting to 0.28 USD, you needed to have the stock in your portfolio before the ex-date on 5/31/2024.
When did Tennant pay the last dividend?
The last dividend was paid out on 6/14/2024.
What was the dividend of Tennant in the year 2023?
In the year 2023, Tennant distributed 1.015 USD as dividends.
In which currency does Tennant pay out the dividend?
The dividends of Tennant are distributed in USD.
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Andere Kennzahlen von Tennant
Our stock analysis for Tennant 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 Tennant Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
