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, Goodman Group's share price is A$33.98.
Goodman Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$3.87. Hence, Goodman Group's PS Ratio for today is 8.77.
Warning Sign:
Goodman Group stock PS Ratio (=32.27) is close to 10-year high of 33.44
The historical rank and industry rank for Goodman Group's PS Ratio or its related term are showing as below:
ASX:GMG'
s PS Ratio Range Over the Past 10 Years
Min: 6.9 Med: 12.47 Max: 33.44
Current: 8.77
During the past 13 years, Goodman Group's highest PS Ratio was 33.44. The lowest was 6.90. And the median was 12.47.
ASX:GMG's PS Ratio is ranked worse than 81.56% of 1768
companies
in the Real Estate industry
Industry Median: 2.43
vs ASX:GMG: 8.77
Goodman Group has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Goodman Group was 259.00% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 4.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 6.00% per year.
During the past 13 years, Goodman Group's highest 3-Year average Revenue per Share Growth Rate was 22.30% per year. The lowest was -39.00% per year. And the median was 5.20% per year.
Back to Basics: PS Ratio
Goodman Group PS Ratio Historical Data
The historical data trend for Goodman Group'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 Goodman Group's PS Ratio
For the Real Estate - Diversified subindustry, Goodman Group'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.
Goodman Group's PS Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Goodman Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Goodman Group's PS Ratio falls into.
Goodman Group 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.
Goodman Group's Share Price of today is A$33.98.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Goodman Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$3.87.
* 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.
Goodman Group PS Ratio Related Terms
Thank you for viewing the detailed overview of Goodman Group's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.
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