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, Global Medical REIT's share price is $8.84.
Global Medical REIT's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $2.13. Hence, Global Medical REIT's PS Ratio for today is 4.15.
Good Sign:
Global Medical REIT Inc stock PS Ratio (=4.19) is close to 1-year low of 3.8
The historical rank and industry rank for Global Medical REIT's PS Ratio or its related term are showing as below:
GMRE'
s PS Ratio Range Over the Past 10 Years
Min: 0.42 Med: 4.7 Max: 9.63
Current: 4.18
During the past 13 years, Global Medical REIT's highest PS Ratio was 9.63. The lowest was 0.42. And the median was 4.70.
GMRE's PS Ratio is ranked better than 72.67% of 827
companies
in the REITs industry
Industry Median: 6.52
vs GMRE: 4.18
Global Medical REIT Inc revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Global Medical REIT was -1.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -1.80% per year.
During the past 13 years, Global Medical REIT's highest 3-Year average Revenue per Share Growth Rate was 33.80% per year. The lowest was -42.00% per year. And the median was 0.20% per year.
Back to Basics: PS Ratio
Global Medical REIT PS Ratio Historical Data
The historical data trend for Global Medical REIT'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 Global Medical REIT's PS Ratio
For the REIT - Healthcare Facilities subindustry, Global Medical REIT'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.
Global Medical REIT's PS Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Global Medical REIT's PS Ratio distribution charts can be found below:
* The bar in red indicates where Global Medical REIT's PS Ratio falls into.
Global Medical REIT 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.
Global Medical REIT's Share Price of today is $8.84. Global Medical REIT'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 $2.13.
* 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:
Global Medical REIT (NYSE:GMRE) 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.
Global Medical REIT PS Ratio Related Terms
Thank you for viewing the detailed overview of Global Medical REIT's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Medical REIT (Global Medical REIT) Business Description
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.
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