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, Able Global Bhd's share price is RM2.07.
Able Global Bhd's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was RM2.11. Hence, Able Global Bhd's PS Ratio for today is 0.98.
Warning Sign:
Able Global Bhd stock PS Ratio (=0.95) is close to 2-year high of 0.95
The historical rank and industry rank for Able Global Bhd's PS Ratio or its related term are showing as below:
XKLS:7167'
s PS Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.7 Max: 1.24
Current: 0.98
During the past 13 years, Able Global Bhd's highest PS Ratio was 1.24. The lowest was 0.30. And the median was 0.70.
XKLS:7167's PS Ratio is ranked worse than 50.38% of 1866
companies
in the Consumer Packaged Goods industry
Industry Median: 0.965
vs XKLS:7167: 0.98
Able Global Bhd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Able Global Bhd was 17.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 3.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 4.90% per year.
During the past 13 years, Able Global Bhd's highest 3-Year average Revenue per Share Growth Rate was 30.70% per year. The lowest was -4.10% per year. And the median was 6.30% per year.
Back to Basics: PS Ratio
Able Global Bhd PS Ratio Historical Data
The historical data trend for Able Global Bhd'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 Able Global Bhd's PS Ratio
For the Packaged Foods subindustry, Able Global Bhd'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.
Able Global Bhd's PS Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Able Global Bhd's PS Ratio distribution charts can be found below:
* The bar in red indicates where Able Global Bhd's PS Ratio falls into.
Able Global Bhd 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.
Able Global Bhd's Share Price of today is RM2.07. Able Global Bhd's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM2.11.
* 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.
Able Global Bhd PS Ratio Related Terms
Thank you for viewing the detailed overview of Able Global Bhd's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Able Global Bhd formerly Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. The group is organized into the three main reportable segments: Investment Holding; Tin Manufacturing; and Food and Beverage. Its Investment Holding is involved in the business of investment holding and provision of management services. Tin Manufacturing is involved in the manufacturing of various tins, cans, and other containers. Food and Beverage are involved in manufacturing and selling of milk and other related dairy products. It generates maximum revenue from Food and Beverage segment. Geographically, it derives majority revenue from Malaysia and also has a presence in Africa, Central America, Europe, Malaysia, and Other Countries.
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