ChoiceOne Financial Services (ChoiceOne Financial Services) Median PS Value : $30.81 (As of May. 19, 2024)

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What is ChoiceOne Financial Services Median PS Value?

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. ChoiceOne Financial Services's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $10.636. ChoiceOne Financial Services's 10-Year median PS Ratio is 2.8968. Therefore, the Median PS Value for today is $30.81.

As of today (2024-05-19), ChoiceOne Financial Services's share price is $28.19. ChoiceOne Financial Services's Median PS Value is $30.81. Therefore, ChoiceOne Financial Services's Price to Median PS Value for today is 0.91.

The historical rank and industry rank for ChoiceOne Financial Services's Median PS Value or its related term are showing as below:

COFS' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.63 Med: 1.33 Max: 1.53
Current: 0.91

During the past 13 years, the highest Price to Median PS Value of ChoiceOne Financial Services was 1.53. The lowest was 0.63. And the median was 1.33.

COFS's Price-to-Median-PS-Value is ranked worse than
54.76% of 946 companies
in the Banks industry
Industry Median: 0.88 vs COFS: 0.91

ChoiceOne Financial Services Median PS Value Historical Data

The historical data trend for ChoiceOne Financial Services's Median PS 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.

* Premium members only.

ChoiceOne Financial Services Median PS Value Chart

ChoiceOne Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Median PS Value

Get a 7-Day Free Trial

23.05

28.32

30.04

31.33

30.93

ChoiceOne Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Median PS Value	Get a 7-Day Free Trial															31.49	31.39	31.17	30.93	30.81

Competitive Comparison of ChoiceOne Financial Services's Median PS Value

For the Banks - Regional subindustry, ChoiceOne Financial Services's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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.

ChoiceOne Financial Services's Price-to-Median-PS-Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's Price-to-Median-PS-Value falls into.

ChoiceOne Financial Services Median PS Value Calculation

ChoiceOne Financial Services's Median PS Value for today is calculated as

Median PS Value	=	Revenue per Share (TTM)	*	10-Year Median PS Ratio
	=	10.636	*	2.8968
	=	30.81

10-Year Median PS Ratio is 2.8968.
ChoiceOne Financial Services's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.636.

ChoiceOne Financial Services (NAS:COFS) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

ChoiceOne Financial Services's Price to Median PS Value for today is calculated as

Price to Median PS Value	=	Share Price	/	Median PS Value
	=	28.19	/	30.81
	=	0.91

ChoiceOne Financial Services Median PS Value Related Terms

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ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Median PS Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula	officer: S.V.P. - ChoiceOne Bank (Sub)	109 EAST DIVISION STREET, SPARTA MI 49345