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, Silk Road Medical's share price is $21.03.
Silk Road Medical's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $4.76. Hence, Silk Road Medical's PS Ratio for today is 4.42.
The historical rank and industry rank for Silk Road Medical's PS Ratio or its related term are showing as below:
SILK'
s PS Ratio Range Over the Past 10 Years
Min: 1.52 Med: 16.1 Max: 31.37
Current: 4.42
During the past 7 years, Silk Road Medical's highest PS Ratio was 31.37. The lowest was 1.52. And the median was 16.10.
SILK's PS Ratio is ranked worse than 59.06% of 806
companies
in the Medical Devices & Instruments industry
Industry Median: 3.28
vs SILK: 4.42
During the past 12 months, the average Revenue per Share Growth Rate of Silk Road Medical was 15.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 26.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 25.40% per year.
During the past 7 years, Silk Road Medical's highest 3-Year average Revenue per Share Growth Rate was 56.70% per year. The lowest was 12.00% per year. And the median was 30.25% per year.
Back to Basics: PS Ratio
Silk Road Medical PS Ratio Historical Data
The historical data trend for Silk Road Medical'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.
Competitive Comparison of Silk Road Medical's PS Ratio
For the Medical Devices subindustry, Silk Road Medical'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.
Silk Road Medical's PS Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Silk Road Medical's PS Ratio distribution charts can be found below:
* The bar in red indicates where Silk Road Medical's PS Ratio falls into.
Silk Road Medical 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.
Silk Road Medical's Share Price of today is $21.03. Silk Road Medical'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 $4.76.
* 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.
It can also be calculated from the numbers for the whole company:
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.
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.
Silk Road Medical PS Ratio Related Terms
Thank you for viewing the detailed overview of Silk Road Medical's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Silk Road Medical (Silk Road Medical) Business Description
Silk Road Medical Inc is a medical device company focused on reducing the risk of stroke and its devastating impact. The company has a new approach for the treatment of carotid artery disease called transcarotid artery revascularization, or TCAR, which it seeks to establish as the standard of care. TCAR relies on two novel concepts - minimally-invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain - and combines novel endovascular techniques with fundamental surgical principles. TCAR using its portfolio of products has been clinically demonstrated to reduce the upfront morbidity and mortality risks commonly associated with carotid endarterectomy while maintaining a reduction in long-term stroke risk.
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