Canoo (GOEV) ROE % Adjusted to Book Value: 15.58% (As of Sep. 2024)


GOEV Canoo Inc GOEV
23 GF Score
Price $0.37
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What is Canoo ROE % Adjusted to Book Value?

Canoo GOEV 23 ROE % Adjusted to Book Value is 15.58% as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Canoo's ROE % for the quarter that ended in Sep. 2024 was 6.23%. Canoo's PB Ratio for the quarter that ended in Sep. 2024 was 0.40. Canoo's ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 was 15.58%.

Canoo ROE % Adjusted to Book Value Related Terms

Canoo ROE % Adjusted to Book Value Historical Data

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The historical data trend for Canoo's ROE % Adjusted to Book Value 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.

Canoo ROE % Adjusted to Book Value Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE % Adjusted to Book Value
0.00 -5.91 -14.23 -90.81 -136.54

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -116.50 -60.22 -153.47 -12.72 15.58

GOEV vs DMN, EVTV, ZAPP: ROE % Adjusted to Book Value Comparison

For the Auto Manufacturers subindustry, Canoo's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Canoo ROE % Adjusted to Book Value vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Canoo's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Canoo's ROE % Adjusted to Book Value falls into.


GOEV
23GF Score
Canoo Inc GOEV
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo ROE % Adjusted to Book Value Calculation

Canoo's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-124.25% / 0.91
=-136.54%

Canoo's ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=6.23% / 0.40
=15.58%

* 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.

What does a ROE % Adjusted to Book Value of 15.58% mean?
Canoo (GOEV) has a ROE % Adjusted to Book Value of 15.58% as of Sep. 2024. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canoo and its competitors.
Is Canoo's ROE % Adjusted to Book Value too high?
Canoo's current ROE % Adjusted to Book Value is 15.58%. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's ROE % Adjusted to Book Value compare to DMN and EVTV?
Canoo's ROE % Adjusted to Book Value of 15.58% can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Vehicles & Parts company?
A good ROE % Adjusted to Book Value depends on the Vehicles & Parts industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canoo and its competitors. Canoo's current ROE % Adjusted to Book Value is 15.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current ROE % Adjusted to Book Value of 15.58%. The current ROE % Adjusted to Book Value is 15.58%. Canoo's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Canoo (GOEV), the current ROE % Adjusted to Book Value is 15.58% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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