New Horizon Aircraft (New Horizon Aircraft) Median PS Value : $0.00 (As of Jun. 08, 2024)

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What is New Horizon Aircraft 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. New Horizon Aircraft's Revenue per Share for the trailing twelve months (TTM) ended in May. 2023 was $. New Horizon Aircraft's 10-Year median PS Ratio is . Therefore, the Median PS Value for today is $0.00.

As of today (2024-06-08), New Horizon Aircraft's share price is $0.72. New Horizon Aircraft's Median PS Value is $0.00. Therefore, New Horizon Aircraft's Price to Median PS Value for today is 0.00.

The historical rank and industry rank for New Horizon Aircraft's Median PS Value or its related term are showing as below:

HOVR's Price-to-Median-PS-Value is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 1.2
* Ranked among companies with meaningful Price-to-Median-PS-Value only.

New Horizon Aircraft Median PS Value Historical Data

The historical data trend for New Horizon Aircraft'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.

New Horizon Aircraft Median PS Value Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Median PS Value

New Horizon Aircraft Semi-Annual Data
	May22	May23
Median PS Value	-	-

Competitive Comparison of New Horizon Aircraft's Median PS Value

For the Aerospace & Defense subindustry, New Horizon Aircraft'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.

New Horizon Aircraft's Price-to-Median-PS-Value Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Price-to-Median-PS-Value falls into.

New Horizon Aircraft Median PS Value Calculation

New Horizon Aircraft's Median PS Value for today is calculated as

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

10-Year Median PS Ratio is .
For company reported annually, GuruFocus uses latest annual data as the TTM data. New Horizon Aircraft's Revenue per Share for the trailing twelve months (TTM) ended in May. 2023 was $.

New Horizon Aircraft (NAS:HOVR) 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.

New Horizon Aircraft's Price to Median PS Value for today is calculated as

Price to Median PS Value	=	Share Price	/	Median PS Value
	=	0.72	/
	=

New Horizon Aircraft Median PS Value Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Median PS Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

New Horizon Aircraft (New Horizon Aircraft) Headlines

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024