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Notable Labs (Notable Labs) PS Ratio : (As of May. 12, 2024)


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What is Notable Labs PS Ratio?

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Notable Labs's share price is $1.25. Notable Labs does not have enough years/quarters to calculate the Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023. Therefore GuruFocus does not calculate PS Ratio at this moment.

The historical rank and industry rank for Notable Labs's PS Ratio or its related term are showing as below:

NTBL' s PS Ratio Range Over the Past 10 Years
Min: 10.11   Med: 16.33   Max: 4100
Current: 13.3

During the past 3 years, Notable Labs's highest PS Ratio was 4100.00. The lowest was 10.11. And the median was 16.33.

NTBL's PS Ratio is ranked worse than
61.9% of 1000 companies
in the Biotechnology industry
Industry Median: 9.095 vs NTBL: 13.30

Notable Labs's Revenue per Sharefor the six months ended in Dec. 2023 was $0.09.

During the past 12 months, the average Revenue per Share Growth Rate of Notable Labs was 9300.00% per year.

Back to Basics: PS Ratio


Notable Labs PS Ratio Historical Data

The historical data trend for Notable Labs's PS 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.

* Premium members only.

Notable Labs PS Ratio Chart

Notable Labs Annual Data
Trend Dec21 Dec22 Dec23
PS Ratio
- - 20.11

Notable Labs Semi-Annual Data
Dec21 Dec22 Dec23
PS Ratio - - 20.11

Competitive Comparison of Notable Labs's PS Ratio

For the Biotechnology subindustry, Notable Labs's PS Ratio, along with its competitors' market caps and PS 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.


Notable Labs's PS Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Notable Labs's PS Ratio distribution charts can be found below:

* The bar in red indicates where Notable Labs's PS Ratio falls into.



Notable Labs PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

Notable Labs's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=1.25/
=

It can also be calculated from the numbers for the whole company:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Notable Labs  (NAS:NTBL) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Notable Labs PS Ratio Related Terms

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Notable Labs (Notable Labs) Business Description

Traded in Other Exchanges
N/A
Address
320 Hatch Drive, Foster City, CA, USA, 94404
Notable Labs Ltd is a clinical-stage platform therapeutics company developing predictive precision medicines for patients with cancer. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic.