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Market cap, ROE, ROA and Forward PE for U.S. Stocks - Fundamental Data from Yahoo
The Yahoo fundamental downloader gets four fundamental items for more than 4000 U.S. Stocks. It retrieves stock's market capitalization, return on equity, return on assets and finally the forward PE.
The market capitalization as you probably already know is the market price of the company and it results from the multiplication of the stock price by the number of shares outstanding. Stock Market Capitalization and Ownership data for US companies are two other trading objects that download market capitalization numbers from other data providers.
Return on assets, ROA, calculates the amount of money a firm earns as a percent of the company's total assets. It is the Net income of the company divided by the total assets. As you might have guessed, the higher this number is the better it is for the company.
Return on equity is another fundamental measure that returns the amount of money generated by the company compared to the stockholders investment. As with the ROA, the ROE uses also the Net income in its calculation. It is the Net income divided by the shareholders equity.
Finally, the latest fundamental ratio retrieved by this trading object is the forward PE, also known as the estimated P/E. Unlike the ROA, ROE and PER (Price earnings ratio), the forward PE is a measure that doesn't make use of the company's net income. Instead, it uses the estimated net earnings for the next 12 months. The net earnings estimation is provided by analysts that track the company and estimate several of its future measures and ratios such as the next year earnings.
The data can be found in a database named "yahoo_fund". It is an historical database with four fields that correspond to the four fundamental measures described above: Market capitalization (In millions of dollars), Return on assets, Return on equity and Forward PE.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
