The historical data trend for Cassava Sciences's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Cassava Sciences Forward PE Ratio Chart
Cassava Sciences Annual Data
Trend
2019-12
2020-10
2021-12
2022-12
2023-12
2024-03
Forward PE Ratio
38.61
29.15
80.65
36.76
19.05
19.49
Cassava Sciences Quarterly Data
2019-09
2019-12
2020-03
2021-06
2021-09
2021-12
2022-03
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
Forward PE Ratio
12.74
38.61
31.55
94.34
77.52
80.65
108.70
39.84
36.76
31.75
49.02
104.17
19.05
19.49
Competitive Comparison of Cassava Sciences's Forward PE Ratio
For the Biotechnology subindustry, Cassava Sciences's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cassava Sciences's Forward PE Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Cassava Sciences's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Cassava Sciences's Forward PE Ratio falls into.
Cassava Sciences Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Cassava Sciences (NAS:SAVA) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Cassava Sciences Forward PE Ratio Related Terms
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Cassava Sciences (Cassava Sciences) Business Description
Cassava Sciences Inc is a clinical-stage biotechnology company engaged in developing a scientific approach for the treatment and detection of Alzheimer's disease. Its therapeutic product candidate is called simufilam, and it is a novel treatment for Alzheimer's disease; and investigational diagnostic product candidate is called SavaDx, and it is a novel way to detect the presence of Alzheimer's disease from a small sample of blood, possibly years before the overt appearance of clinical symptoms.
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