What is the price-to-earnings ratio of Track Group?
The price-earnings ratio of Track Group is currently -1.4.
Track Group P/E 2024
Track Group P/E
-1.4
Ticker
TRCK
ISIN
US89237L1017
WKN
A14TVY
As of Sep 10, 2024, Track Group's P/E ratio was -1.4, a 4.48% change from the -1.34 P/E ratio recorded in the previous year.
The Track Group P/E history
Track Group Aktienanalyse
What does Track Group do?
Track Group Inc. is a multinational company that was founded in 1989 and specializes in providing surveillance and security solutions. Originally started as a mobile phone manufacturer, the company has evolved over the years to become a leading provider of technology solutions for correctional agencies, social services, authorities, and jurisdictions worldwide. The company's business model is based on offering products and services that support law enforcement agencies and social services in their work and improve their efficiency. They utilize modern technology and analytics methods for monitoring probationers, individuals on house arrest, and other persons under surveillance. To deliver these solutions, the company has expanded its operations into multiple divisions, each focusing on specific technologies, products, and servicing different markets. One division, Electronic Monitoring (EM), specializes in monitoring individuals on house arrest or probation by offering various types of electronic ankle bracelets and surveillance systems that enable authorities to track their activities around the clock. The second division, Community Corrections (CC), focuses on solutions for correctional agencies, providing tools and technologies to facilitate the work of correctional officers and improve inmate management. The third division, Health Solutions (HS), concentrates on medical solutions and care, developing medical devices and software platforms to enhance the healthcare of inmates. In addition to these divisions, Track Group also offers hardware and software solutions specifically designed for law enforcement agencies and jurisdictions. Their proprietary software platform, called "Web-based Integrated System Platform (WISP)," facilitates monitoring, management, and data access for authorities. Overall, Track Group offers a wide range of products and solutions that position the company as a leader in the field of monitoring and controlling individuals. Their goal is to ease the work of government agencies and ensure the safety of citizens. The company has gained respect and recognition in the international industry, thanks to its innovation and continuous efforts in developing new solutions and applications. Numerous customers and partners have already benefitted from the professional and effective solutions provided by Track Group Inc. Track Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Track Group's P/E Ratio
The Price to Earnings (P/E) Ratio of Track 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 Track 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 Track 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 Track 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 Track Group stock
How has the price-earnings ratio of Track Group changed compared to last year?
The price-to-earnings ratio of Track Group has increased by 4.48% 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 Track Group high compared to other companies?
Yes, the price-to-earnings ratio of Track Group is high compared to other companies.
How does an increase in the price-earnings ratio of Track Group affect the company?
An increase in the price-earnings ratio of Track 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 Track Group affect the company?
A decrease in the price-earnings ratio of Track 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 Track Group?
Some factors that influence the price-earnings ratio of Track Group are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Track Group pay?
Over the past 12 months, Track Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Track Group is expected to pay a dividend of 0 USD.
What is the dividend yield of Track Group?
The current dividend yield of Track Group is .
When does Track Group pay dividends?
Track Group pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Track Group?
Track Group paid dividends every year for the past 0 years.
What is the dividend of Track Group?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Track Group located?
Track Group is assigned to the 'Information technology' sector.
Wann musste ich die Aktien von Track Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Track Group from 9/10/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/10/2024.
When did Track Group pay the last dividend?
The last dividend was paid out on 9/10/2024.
What was the dividend of Track Group in the year 2023?
In the year 2023, Track Group distributed 0 USD as dividends.
In which currency does Track Group pay out the dividend?
The dividends of Track Group are distributed in USD.
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Andere Kennzahlen von Track Group
Our stock analysis for Track 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 Track Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
