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, Truking Technology's share price is ¥7.93.
Truking Technology's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was ¥11.31. Hence, Truking Technology's PS Ratio for today is 0.70.
The historical rank and industry rank for Truking Technology's PS Ratio or its related term are showing as below:
SZSE:300358'
s PS Ratio Range Over the Past 10 Years
Min: 0.66 Med: 2.56 Max: 11.24
Current: 0.72
During the past 13 years, Truking Technology's highest PS Ratio was 11.24. The lowest was 0.66. And the median was 2.56.
SZSE:300358's PS Ratio is ranked better than 88.13% of 809
companies
in the Medical Devices & Instruments industry
Industry Median: 3.28
vs SZSE:300358: 0.72
Truking Technology Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Truking Technology was -0.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 20.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 26.40% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 20.80% per year.
During the past 13 years, Truking Technology's highest 3-Year average Revenue per Share Growth Rate was 39.80% per year. The lowest was -1.10% per year. And the median was 26.50% per year.
Back to Basics: PS Ratio
Truking Technology PS Ratio Historical Data
The historical data trend for Truking Technology'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 Truking Technology's PS Ratio
For the Medical Instruments & Supplies subindustry, Truking Technology'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.
Truking Technology's PS Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Truking Technology's PS Ratio distribution charts can be found below:
* The bar in red indicates where Truking Technology's PS Ratio falls into.
Truking Technology 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.
Truking Technology's Share Price of today is ¥7.93. Truking Technology'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 ¥11.31.
* 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:
Truking Technology (SZSE:300358) 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.
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.
Truking Technology PS Ratio Related Terms
Thank you for viewing the detailed overview of Truking Technology's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Truking Technology (SZSE:300358) Business Description
Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.
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